The Real Estate market appears to be equalizing in many parts of the country, meaning neither home buyer’s nor home seller’s hold all the cards. In these rare moments of balance, advantages can be gained by either party with smart negotiation, knowledge of strategies to employ and exactly how far you can stretch your advantage…. Read More
The Fed – Federal Reserve
Average 30-Year Fixed Rate for Home Loans Above 4 Percent
How much will mortgage rates increase? Rumor has it, mortgage rates are on the rise. The economy is undeniably healthy… have you checked your retirement accounts lately? Unemployment rates have dropped considerably, nationwide unemployment is at its lowest in over a decade. And low interest rates have remained on the charts much, much longer than… Read More
Survey Says: Income, Spending and Housing Confidence on the Rise
Survey Says: Income, Spending and Housing Confidence on the Rise Consumers are a bit more optimistic about their household finances, expecting not only household incomes to grow, but also their household spending, according to the results of the Federal Reserve Bank of New York’s Center for Microeconomic Data Survey of Consumer Expectations (SCE) for 2017…. Read More
Fed in No Hurry to Raise Rates Again… for Now
Fed in No Hurry to Raise Rates Again… for Now. As of today, mortgage rates are running on average 4.25 – 4.35 for 30-year fixed and 15-year fixed are ranging from 4.313 to 4.445, and though higher than a few weeks back, still remarkably reasonable. A few online banking systems are reporting lower rates however… Read More