5% Interest Rates

U.S. housing market faces '5-percent' test NEW YORK (Reuters) - The U.S. housing market, already struggling with tight inventory and rising building costs, faces a fresh headwind as 30-year mortgage rates rise close to the 5 percent threshold for the first time in years. Even as home prices have climbed steadily thanks largely to a … Continue reading 5% Interest Rates

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What does the Rate Hike mean to you?

  What a Fed rate hike means for you, at any age Sarah Skidmore Sell and Stan Choe, AP Business Writers,Associated Press 22 hours No matter your age, what the Federal Reserve does to interest rates will most likely affect you. The central bank raised what's called the federal funds rate by a quarter of … Continue reading What does the Rate Hike mean to you?

Mortgage Rates are Rising

~ Mortgage Rates are rising again, the decade of the past with historically low rates is coming to an end. If you are looking to buy don't hesitate!! If you have any questions give me a call. Need a lender to speak to, give me a call! ~ Mortgage rates hit a seven-and-a-half-year high as … Continue reading Mortgage Rates are Rising

Are you sitting on Home Equity?

Homeowners are sitting on a record $6 trillion in equity. Why aren’t they using it? Rising interest rates are making lines of credit more expensive... and Americans may still be leery of cash-out refis American homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and … Continue reading Are you sitting on Home Equity?

Refi, Home Equity Loan or HELOC to pay down debt?

How I Used My Home Equity to Pay Off My Credit Card Debt (Image credit: PM Images/Getty Images) Share Email 23 Two years ago, I got divorced. Because I needed cash to pay my lawyer, I put my everyday expenses on a credit card. Before I knew it, between what I charged and the high … Continue reading Refi, Home Equity Loan or HELOC to pay down debt?

How Long Do Mistakes Stay on a Credit Report?

How Long Do My Mistakes Stay on My Credit Report? It's a terrible feeling to see a negative item on your credit report. It can drag down your credit score as well as your self-esteem. But take solace in knowing that there's a light at the end of this tunnel. Whether you have a collection … Continue reading How Long Do Mistakes Stay on a Credit Report?

Home Prices Dropping?

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of … Continue reading Home Prices Dropping?

7 ways to invest more like Warren Buffett

7 ways to invest more like Warren Buffett What it takes to be a 'superinvestor' Warren Buffett once wrote about the “superinvestors of Graham-and Doddsville,” referring to the successful investors who followed the investing approach taught by famed economists Benjamin Graham and David Dodd. Buffett himself became a “superinvestor” by following this approach, but he … Continue reading 7 ways to invest more like Warren Buffett

Avoid These Costly Credit Card Mistakes

Don't get caught in the traps, make sure you have your credit cards taken care of!! Costly Credit Card Mistakes