The post-meeting statement of the Federal Reserve's Federal Open Market Committee indicated that while the Fed is considering raising its target rate as early as June, the agency is in no hurry to cast anything in cement. The statement cited stronger … [Continue reading]
Variable-rate vs. Fixed-rate Mortgages – Which is Better for Your Financial Situation?
When applying for a new home mortgage, many loan applicants initially consider applying for a 30-year fixed rate mortgage. This is perhaps the most common and traditional type of mortgage available. It allows you to enjoy the opportunity to pay for … [Continue reading]
Understanding the Key Factors That Affect Your Mortgage Interest Rate
When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. These may be rates that seem too good to be true, and you may gladly contact the lender or mortgage company to complete your loan … [Continue reading]
What’s Ahead For Mortgage Rates This Week – March 16, 2015
Last week's economic reports included job openings, retail sales, retail sales except automotive, consumer sentiment for March and the usual reports on weekly jobless claims and mortgage rates. Job Openings Highest in 14 Years The Labor Department … [Continue reading]
Have You Outgrown Your Current Home? Here Are Five Easy Ways to Tell if It’s Time to Upgrade
Your home is your castle, your own little piece of the American dream. But lately, your little corner of the world has been feeling cramped and you find yourself eyeing those larger homes. Is it time to pull up stakes and move on from your starter … [Continue reading]
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