Seasonality is probably something you did not think about when you first decided to get a home. But it’s a big factor in homebuying and could dictate the price options that are available to you. Aside from inventory and demand factors, there are also quite a checklist that every first-time homebuyer should know to make […]
Monthly Archives: June 2017
21
Jun
Jun
The Federal Reserve (Fed) raised its benchmark rate by a quarter percentage point, from 1% to 1.25%effective June 15, 2017. A reading of the Fed’s policymaking body, Federal Open Market Committee (FOMC)’s statement signals that this won’t be the last rate hike this year. As the benchmark rate goes up, how will it affect your […]
14
Jun
Jun
Refinances, particularly cash-out refinances, picked up during the first quarter of 2017 per Freddie Mac’sHousing Outlook in May. This resilience in refi activity, combined with declining mortgage rates and rising home prices, made Freddie to revise its projections for 2017, placing mortgage originations by over $200 billion and adding $100 billion to its 2018 forecast. […]
07
Jun
Jun
After weeks of continued decline, mortgage interest rates climbed, following the two-day Fed meeting. The 30-year FRM rate rose by 2 basis points for the week. Get today’s rates. According to Freddie Mac’s weekly rate forecast via the Primary Mortgage Market Survey(PMMS) for the week ending June 15, 2017: The 30-year fixed rate mortgage rate finished at […]