26 Jun 2019
By RESCO Realty

Rent-To-Own Opportunities For Those With Bad Credit

Real Estate , ,
For those who have less than a stellar credit history; yet, who still want to have their own home, a rent-to-own option is worth considering. A rent-to-own (RTO) agreement is a hybrid between buying a home and renting a home. Usually, RTO deals require a significant down payment that applies towards the home purchase. An RTO tenant/buyer gets the option to buy the home for a certain price at some date in the future. The down payment is lost if a tenant/buyer does not go forward with the home purchase. Another common characteristic of RTO deals is that a portion…
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25 Jun 2019
By RESCO Realty

Fed Holds Key Rate Steady As It Watches Economic Trends

Market Outlook , ,
Federal Reserve policymakers held the federal funds rate at its current range of 2.25 to 2.50 percent. Analysts speculated that the Fed may lower its key rate based on signs of slowing economic growth and the President's encouragement to lower the Fed rate. Federal Open Market Committee members cited "uncertainties" in support of their decision not to change the Fed's key lending rate. A stiff month-to-month drop in jobs growth and worries over trade problems associated with recent tariffs assessed against China contributed to the Committee's decision to hold rates steady and closely watch domestic and global economic trends. Signs…
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24 Jun 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – June 24th, 2019

Financial Reports , ,
Last week's economic reports included monthly readings on housing market conditions, housing starts and building permits issued. Sales of pre-owned homes were released; the Federal Reserve announced its decision not to raise its key interest rate range. Weekly reports on mortgage rates and new jobless claims were also released. NAHB: Home Builder Confidence Slips in June The National Association of Home Builders Housing Market Index for June showed builder confidence was two points lower at an index reading of 64. Builders surveyed said ongoing concerns such as lot and labor shortages impacted their outlook, but builders were also concerned over…
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