Real Estate Marketing & Beyond

Fannie Mae: Expect 2 more interest rate cuts this year

By Mike Wheatley | August 23, 2019

Featured News, Mortgage, US Real Estate

Consumers get more home buying power as Fed cuts interest rates

By Mike Wheatley | August 1, 2019

The U.S. Federal Reserve this week slashed interest rates for the first time since the Great Recession in 2008, but experts say the move is unlikely to improve what is already a very favorable borrowing environment for home buyers. The federal funds rate, which governs the rate banks charge each other for short-term borrowing, will […]

The Fed promises no more rate increases this year

By Mike Wheatley | March 22, 2019

The Federal Reserve says its decided to leave short term interest rates unchanged following its March meeting. It added that rates will likely not move at all for the remainder of the year, having previously raised them in five successive quarters dating back to late 2017. In fact, interest rates could possibly be lowered at […]

The Best Home-Buying Strategy, Even with Rising Mortgage Rates

By Jamie Richardson | February 26, 2019

Mortgage rates have been on the rise over the years, making it an unsustainable option for most Americans who would like to own a home. Transunion, one of the credit reporting agencies, predicts a significant rise in rates on 30-year mortgages, by as much as 5%. Another deterrent for most people looking to own homes […]

High credit scores no longer necessary for the best rates, study finds

By Mike Wheatley | February 11, 2019

Experts say that home buyers don’t necessarily need an 800+ FICO score in order to be guaranteed the best rates on their mortgage. These days, some buyers in the 700 FICO score range can also secure the most attractive rates, according to a new analysis of one million loan offers by Lending Tree that was […]

Housing demand surges earlier than expected this year

By Mike Wheatley | February 8, 2019

The spring buying season may already be upon as, with reports suggesting that demand for housing is picking up earlier than expected. Analysts say lower mortgage rates could be the reason. For example, CNBC reported the case of an open house in Coppell, Texas, a suburb of Dallas, where dozens of prospective buyers were lined […]

Don't worry about adjustable-rate mortgages, experts say

By Mike Wheatley | February 6, 2019

Housing analysts have raised concerns that borrowers are becoming increasingly reckless when taking out so-called adjustable-rate mortgages, similar to the way they were abused in the years before the Great Recession more than a decade ago. The problem is that borrowers are asking for much higher loan amounts than they have been in recent years. […]

Federal Reserve says no to rate increases

By Mike Wheatley | February 1, 2019

This week the Federal Reserve once again voted to leave interest rates unchanged, indicating that its in no hurry to do so at all in the year ahead. Jerome Powell, chairman of the Fed, said the organization was taking a “patient” approach to rate increases, following four hikes in the interest rate last year. The […]

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