Contrary to popular belief, the Federal Reserve doesn’t set mortgage rates. The central bank’s decisions impact financial products like CD rates and savings accounts much more directly than they do mortgage interest rates. Why Mortgage Rates are Sometimes Lower Than…
For future homeowners in the United States, the rapid rise of interest rates in 2022 has thrown a wrench into the search for a new home. Not only are interest rates at their highest level since the early 2000s, but…
As of September 2022, the Federal Reserve has increased its benchmark rate four separate times, increasing the federal funds rate to a range of 2.25% to 2.50% from zero percent. The Fed’s actions are in response to severe inflation, with the central bank’s actions expected to cool the economy and reduce the inflation rate. But what about the question: is borrowing a good idea during rate hikes?
Throughout 2022, the Federal Reserve has moved decisively to tame inflation, with several interest rate hikes totaling 2.25 percent in less than six months. Will the Fed continue to increase rates to slow inflation, or will interest rates fall in…
For prospective homeowners, one of the most critical factors in the buying process is the mortgage interest rate. Unfortunately, those interested in buying a home have endured a challenging year in 2022. Specifically, we are talking about the Federal Reserve interest rate hike.
Homebuyers throughout the Southland and across the nation enjoyed rock bottom interest rates for many years, which fueled a buying frenzy throughout Los Angeles and caused values to skyrocket. However, the recent interest rate hikes from the Federal Reserve in 2022 have already impacted the industr
As 2019 came to a close, an already robust real estate market received quite a jolt from the COVID-19 epidemic. And now, more than two years after the pandemic started, the market seems forever changed. What do these lasting housing market changes after the pandemic mean for buyers and sellers?
In spite of a challenging economic big picture in 2020, real estate professionals had one of the best years in recent history. First time home buyers kept the housing market alive because of incredibly low mortgage rates. 2021 foreshadows a…
Your home may be one of the most valuable assets you own in your entire life. However, it’s also one of the most expensive on an ongoing basis. You have to pay your mortgage, insurance, property taxes, maintenance costs and…
Marketing is critical for every real estate agent. Not simply the marketing of your properties, but also the marketing of your own brand. The reason for this is simple: Most people only purchase and sell one or two homes in…
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