There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well. Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, …
Fed Rate Cuts in Response to Coronavirus
In an attempt to stabilize the economy in response to the coronavirus pandemic, the Federal Reserve on Sunday decided to buy $200 billion of mortgage-backed bonds, a move that should stabilize and likely lower mortgage rates. The central bank also reduced rates to zero to 0.25%. Both of these moves are part of a larger …
Why are mortgage rates so low?
Interest rates are at their lowest level in many years. They were heading down steadily before investors fled to the bond market in response to the COVID-19 coronavirus outbreak. When investors take money from the stock market and invest in treasury bonds, the treasury note yield goes down. When the demand for bonds goes up, …
Found your dream home? Here’s how to put your offer on fast-pass!
You have searched for months and finally found a house you think you can call home. Now, you need to make an offer, and it can be a stressful and intimidating process. Inventory is very low right now, so knowing what price to offer is essential and can make the difference between you getting the …
What do Loan Limit Increases Mean to Me?
You may have heard talk of loan limits increasing for 2020, but what does that mean to the homebuyer or homeowner? It means that in response to the rise in home prices, the Federal Housing Finance Agency (FHFA), has set new conforming loan limits to reflect the rise in home prices across the country. Increasing …
Top 3 reasons why buying a home at the end of the year is something to celebrate
While most people are running around getting ready for the holiday, other savvy people are grabbing deals on homes that are priced to sell and mortgage rates that are lower than they have been in years! A 2018 study from ATTOM Data Solutions identified the 10 best days of the year to buy a home, …
