Blog

20
Jun
By Jim Hasek
Mortgage Rates,

What’s Ahead For Mortgage Rates This Week – June 20, 2016

Mortgage rates fell after Federal Reserve policymakers decided not to raise the Fed's target federal funds rate. The Federal Open Market Committee cited ongoing concerns over global financial and economic developments and slow jobs growth as factors in its decision not to raise rates. Fed Chair Janet Yellen emphasized the committee's decision-making process is not predetermined and said that ongoing review of current and developing news is significant to monetary policy decisions. Last week's economic news also included the NAHB Housing Market Index, the monthly inflation rate and retail sales along with weekly reports on mortgage rates and new jobless…
Read More
17
Jun
By Jim Hasek
Home Mortgage Tips, ,

Mortgage Fraud: 3 Common Scams to Avoid

There are many ins and outs involved in securing a mortgage lender, and as a result there are many offers and options out there which are only around to take advantage of prospective homebuyers. If you're on the lookout for a home and are trying to wade through all the details successfully, here are some things you may want to be aware of. The Perfect Rental Deal If you've ever rented an apartment in the past, it's entirely possible that you've run into deals on Craigslist where a sizeable, stunning property is advertised at a very modest price. While scams…
Read More
16
Jun
By Jim Hasek
Mortgage Rates,

Fed Monetary Policy: No Rate Increase in June

According to its post-meeting statement issued Wednesday, the Federal Open Market Committee of the Federal Reserve voted not to increase its target federal funds rate. The target federal funds rate will remain at 0.250 to 0.50 percent. Based on review of current and anticipated financial and economic events, the Committee cited slowing job growth and momentum of inflation-based compensation as reasons supporting its decision. While the national unemployment rate recently fell to 4.70 percent, FOMC members saw room for growth in employment. Unemployment rates are calculated based on active workforce members and do not include those who are under-employed or…
Read More
15
Jun
By Jim Hasek
Home Mortgage Tips, ,

The Pros and Cons of Buying a Second Home to Rent

With the ever-fluctuating cost of housing, buying real estate can be one of the best investments a person can make. However, a lot of important factors can be left out of the final decision when it comes to purchasing a home as rental property. If you are taking the initial steps to invest in a second home, here are some important things to consider before you make the financial commitment. The Distance To A Destination Many people who purchase second homes to rent out choose to buy in places that are sought after, whether it's a trendy area or beachfront…
Read More
14
Jun
By Jim Hasek
Home Mortgage Tips,

Boomerang Home Buyers: 4 Things to Consider Before Stepping Back into Homeownership

Whether you've gone back to renting for the sake of money saving or recently downsized to a more compact space, the idea of owning a home can be a big responsibility that may require more than you're willing to give. If you're considering jumping back into the fold of home ownership, here are a few things to contemplate before re-entering the market. Is It Affordable? Many people avoid home ownership for a long time because of the high cost of a down payments and the associated property taxes and maintenance fees, but it can be easy to forget these extras…
Read More
13
Jun
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – June 13, 2016

Last week's economic news was highlighted by Fed Chair Janet Yellen's speech in Philadelphia. Although Chair Yellen alluded to future Fed rate hikes, she did not specify when Fed policymakers would next raise the target federal funds rate.  Increases in the fed funds rate typically signal increases in consumer credit and home mortgage rates. Last week's speech was seen as a precursor to the Federal Open Market Committee statement that will occur at the conclusion of next week's FOMC meeting.  Chair Yellen is also scheduled to give a press conference after the FOMC statement next Wednesday. Mortgage rates and new…
Read More
Skip to content