Fed Leaves Rates Alone: What It Means for Mortgages

The Federal Reserve announced Wednesday that it will not raise interest rates as quickly as they had originally anticipated. The Fed dimmed its outlook as the economy showed signs of slowing. This means short-term interest rates will stay steady. The Fed’s benchmark rate likely will increase … [Read more...]

Move Up Already!

  New reports are revealing that the number of existing home owners purchasing a house is beginning to increase. Some are moving up, some are downsizing and others are making a lateral move. Another study shows that over 75% of these buyers will, in fact, be in that first category: a … [Read more...]

Why you Should Buy that Home

  Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released last week projects appreciation in home values over the next five years to be … [Read more...]

A great time to Move UP

Thinking of moving up? With still very low interest rates, and some of the best home prices in years, now is a great time! … [Read more...]

The cost of waiting to buy

We often talk about the potential cost of waiting to buy a home. Today, we want to look at the actual cost for someone who waited over the last year. We used a 10% increase in house values as prices have gone up by double digits in the country on average. We looked at approximate mortgage rates last … [Read more...]

Hispanics Ready to Buy, But Lending Experience Falls Short

TD Bank has announced results of its inaugural Mortgage Service Index, a nationwide consumer survey that included questions addressing the Hispanic home buying experience, attitudes toward obtaining a mortgage and Hispanic home owner’s outlook on the housing market. The Index found that … [Read more...]