Last week’s scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen’s press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released.
After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a range of 0.00 to 0.25 percent to be effective December 17.
Refinancing a mortgage is a great way to take advantage of historically low interest rates or change your payment terms to be more affordable. And with interest rates at historical lows, there’s never been a better time to refinance your mortgage.
Relocating to a new city? Thinking about moving to a new neighborhood? With the advancement of technology, it’s now possible to research new neighborhoods without getting up off the couch. Here are some websites and apps that have proven invaluable with researching new areas.
While making a real estate purchase can be a matter rife with many questions, buying to invest in a long-term property can be even more confusing. If you’re looking into investing in real estate and wondering what variables to consider, here are a few tips that you’ll want to keep in mind before deciding on a fruitful investment property.
If you recently graduated from college and are about to become a homeowner, you’re in a somewhat unique position. So how can you make sure you can pay your mortgage, your student loans, and your mortgage expenses â all without losing your mind? Here’s what you need to know.
