27 Dec 2019
By Mortgage Blog Content

The Advantages Of A Dual-Location Lifestyle

Real Estate
Commuting for hours in traffic on a daily basis is a waste of resources, time, and money. It is stressful and bad for the environment. The infrastructure in many parts of the United States is falling apart. The roads and highways do not have sufficient capacity to handle the demands of the traffic load that continues to increase each year. Many busy professionals and families are turning to a solution of owning two homes for the convenience of enjoying dual-location living. What Is Dual-Location Living? The most common form of dual-location living is having a home and also owning a vacation home. Many like this lifestyle of having a vacation home…
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24 Dec 2019
By Mortgage Blog Content

Tips On How To Get The Home You Want In A ‘Seller’s Market’

Real Estate
A "seller's market" happens when there are more potential buyers than homes for sale. In a seller's market, people looking for a home may feel frustration and not easily find the home that they want. When they find a home for sale that they like, the seller of the home may receive multiple competitive offers at the same moment. The seller is in an excellent position when this happens. Sellers can pick from the purchase offers to choose the one they like the most. Even if an offer is the same as another one, sometimes it is not the offer chosen by a seller. Causes Of A Seller's Market Seller's markets…
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03 Dec 2019
By Mortgage Blog Content

How Are Mortgage Rates Determined?

Mortgage
When someone is interested in buying a home, there are a number of factors that people need to consider. Some of these include the budget, the size of the home, and the mortgage interest rates.  The mortgage rate is going to play a tremendous role in whether or not someone is going to be able to afford their dream home. For this reason, it is critical for everyone to know how a mortgage rate is determined. There are a number of factors in someone's financial history that are going to impact the mortgage rate the lender offers. The Credit Score One of the most important factors that a lender is going…
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01 Nov 2019
By Mortgage Blog Content

When’s The Best Time To Buy A House?

Real Estate
If you happen to want to move to a hot market for home sellers, here is some advice. Go looking for a home to buy when it is freezing outside or the weather is otherwise severe. Buying a home is both about finding one you like and beating out others if the market has buying competition.  Days On Market To find out the competition for a particular market, check the median number of days that a home is listed on the market before it sells. This is called the "days on market." In a hot seller's market, the median number of listing days may be very low. The national average days…
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19 Sep 2019
By Mortgage Blog Content

Fed Policymakers Cut Key Rate Range by .25 Percent

Market Outlook
The Federal Reserve's Federal Open Market Committee reduced its key short-term interest rate range one-quarter percent to 1.75 to 2.00 percent during it's September meeting. While FOMC members had mixed opinions on reducing the benchmark rate range for short term loans, the post-meeting statement suggested that reducing the federal funds rate was a hedge against inflation. The federal funds rate impacts short-term consumer loan rates for autos and adjustable rate mortgages, but does not impact fixed mortgage rates. FOMC monetary policy decisions are governed by the Federal Reserve's dual mandate of maintaining price stability and an inflation rate of 2.00 percent. FOMC Members Facing Conflicted Opinions On Rate Cuts Policymakers consider…
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04 Sep 2019
By Mortgage Blog Content

Young Home Buyers Are A Growing Trend

Real Estate
A new group of young American adults is emerging as home buyers. These are the young adults who were born after 1995 and are part of the demographic group named Generation Z (Gen Z). In 2019, there are 31.5 million Gen Z members who are adult age. This will increase to 44.5 million adults in this demographic group by 2032 as all the younger members become adults. Right now, there are around 14 million adults in the Gen Z category who are using credit for the first time. Not Too Young To Buy A Home Transunion reports that most Gen Z members are getting credit cards, which is the easiest form…
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