With Fed rate hike expected, 5 things to look for Today

With Fed rate hike expected, 5 things to look for Wednesday With Fed expected to raise rates, here are 5 things to look for Wednesday By Martin Crutsinger, AP Economics Writer 7 hours ago In this Wednesday, Feb. 25, 2015, file photo, Federal Reserve Chair Janet Yellen removes her glasses as she testifies on Capitol … Continue reading With Fed rate hike expected, 5 things to look for Today

Solid U.S. employment report a green light for Dec rate hike

From Reuters 12/4/15 WASHINGTON (Reuters) - U.S. job growth increased solidly in November in a show of the economy's resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. Nonfarm payrolls increased 211,000 last month, the Labor Department said on … Continue reading Solid U.S. employment report a green light for Dec rate hike

How Much House Can You REALLY Afford?

From Trulia 11/19/15 It doesn't matter if you're searching homes for sale in Fort Lauderdale, FL, or Philadelphia, PA. Type "how much house can I afford" into a Google search and you'll come up with a number of online tools and mortgage calculators to help you figure the answer to your query. You might also … Continue reading How Much House Can You REALLY Afford?

The ABC’s of Real Estate

From Trulia.com 11/11/15 Home-buying and selling is stressful — and with industry acronyms and real estate terms flying at you from all directions, you may feel overwhelmed navigating your new real estate reality. Whether you’re a first-time homebuyer sifting through homes for sale in Chicago, or a seasoned investor, there’s always more to learn. Trulia’s … Continue reading The ABC’s of Real Estate

How to Shave Years Off a 30-Year Mortgage

From Credit.com 11/2/15 Most strategies to pay off your mortgage faster involve making radical principal prepayments or moving to a shorter-term debt structure. But here’s a way to pay your loan off faster by refinancing your home … using your lender’s money. Here’s a quick finance lesson: Lenders generate more revenue on higher interest rate … Continue reading How to Shave Years Off a 30-Year Mortgage

Want to Refinance to a Shorter Mortgage? Here’s What You Need to Ask Yourself

From Credit.com 11/4/15 Has your financial situation improved greatly since you first took on your mortgage? That’s great! You have some options, including paying off your current mortgage ahead of time or refinancing to a shorter term. When it comes to the former option, it’s important to make sure there isn’t a prepayment penalty and … Continue reading Want to Refinance to a Shorter Mortgage? Here’s What You Need to Ask Yourself

Not Shopping Around for your Mortgage?

Survey Finds Consumers Do Not Bargain Hunt for Mortgage Loans From MReport 10/12/15 Although the majority of Americans consider themselves bargain hunters when shopping for various items or services, less than one-third of these consumers do not shop around for better prices when searching for a mortgage loan. A recent study from LendingTree found that … Continue reading Not Shopping Around for your Mortgage?

HAMP

HAMP and consumers continue to flail, banks continue to profit From FirstTuesday.com October 5, 2015 Less than one million homeowners have received assistance under the Home Affordable Modification Program (HAMP), six years after its creation. HAMP is a federal modification program originally intended to aid four million struggling homeowners. It was launched in the fallout … Continue reading HAMP

Rate Increase May Be Delayed

Interest Rate Increase May Be Delayed for Stronger Job Data From DSNews.com 10/5/15 In light of the recent, lower-than-expected jobs report for September, the Federal Reserve may hold off on raising interest rates until stronger labor market data comes forth. Labor market gains for September brought the average monthly job growth for the year down … Continue reading Rate Increase May Be Delayed

3 Real Estate Effects of an Interest Rate Hike

  From Trulia.com 8/10/15   The Federal Reserve’s September meeting and interests are making big headlines these days. Not only do interest rates have a huge affect on housing and the economy, the news around them can create big waves in consumers confidence and transaction activity. As an agent, from understanding your prospect’s outlook to … Continue reading 3 Real Estate Effects of an Interest Rate Hike