Blog – Page 549 of 607

01 Oct 2018

What’s Ahead For Mortgage Rates This Week – October 1st, 2018

Financial ReportsCase Shiller, Interest Rates, Mortgage Rates

Last week's economic readings included reports on home prices, new and pending home sales and remarks released by the Federal Open Market Committee of the Federal Reserve. Weekly readings on average mortgage rates and first-time jobless claims were also released. Case-Shiller HPI: Home Price Growth Slows in July Home prices grew slower in July according to data released last week. Home prices rose at a seasonally-adjusted annual rate of 6.0 percent in July as compared to June's rate of 6.2 percent growth. Analysts cited increasing inventories of homes available, which typically increases competition and lowers asking prices. Would-be home buyers…

Mistakes Seasoned Home Buyers Often Make

Real EstateBudget, Home Purchase, Real Estate

It's not uncommon today to move several times during adulthood, whether across town or across the country. Seasoned home buyers have been through the real estate process, often more than once. However, even if the home purchase has become routine, there are mistakes that can be avoided. Stuck In The Past The real estate market doesn't stand still. It cycles and shifts, which is why it's often recommended to rely on a real estate professional for an understanding of the current market. Home buyers with property purchased ten years ago, likely won't have the same experience buying today. Don't get…

Fed Raises Key Interest Rate For 3rd Consecutive Time

Real EstateFederal Reserve, Interest Rates, Market Conditions

The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed's key interest rate and was the eighth time the Fed raised its key interest rate since 2015. In its customary post-meeting statement, Committee members cited strong economic conditions and continued labor market growth coupled with historically low unemployment rates as a basis for raising the federal funds interest rate. Fed Cites Steady Inflation, Healthy Household And Business Spending Further economic conditions cited in the…