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Federal Reserve Issues Interest Rate Reprieve – Market Update
Last week, we did get some housing data, but really, all eyes were on what the Federal Reserve was going to do. In the end, they decided to leave things where they were and punt short-term interest...
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What Rising Interest Rates Mean for Your Wallet
It’s been big news everywhere in the financial world for a while now. The Federal Reserve, the U.S. central bank, finally made its move this month and decided to raise short-term interest rates. These...
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A Historical Look at Mortgage Rates
Mortgage rates have seen a bit of an uptick since election day. Rates are slightly higher now than they were when we went to bed on November 8, but a mortgage interest rate in the low- to mid-4% range...
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How the Federal Reserve Purchasing Assets Impacts Mortgage Rates
Mortgage rates had been at or near historical lows for a long time. These tend to go in cycles, and rates have started to inch back up. There’s more than one reason for this. The first is that the...
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What to Expect from the 2017 Home Buying Season
If you’re planning on beginning your home search soon, you should know that the housing market is hot right now. How hot? Let’s see if we can quantify that with a couple of key statistics. To begin...
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Federal Reserve Press Release in Plain English – July 2017
The Federal Reserve kept short-term interest rates the same today. Once investors get past that headline, they start reading the tealeaves, parsing every word in the statement for some indication of...
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Tracking U.S. Mortgage Rates? Read the Treasury, Not the Tea Leaves
Mortgage rates are definitely on the rise, but do you really understand why? Without a little bit of background in the financial markets, it can seem like the rates are set based on a whim. Lenders...
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Long-Term Mortgage Rates Around 5%, Lock Today
Mortgage rates have pushed higher each of the last four weeks. For a 30-year loan term, they’re now up around 5%1 and are expected to soon push through that level. The Federal Reserve is expected to...
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What Is a Mortgage Rate Lock?
Picture this: You’re all set up with a great rate on your mortgage, ready to close on your dream home with a nice, low monthly payment, only to find out that the rate you’d been banking on has gone...
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How Does the Mortgage Market Work?
If you’re in the market to purchase or refinance a home, you’re probably being exposed to a whole range of information the average person doesn’t think about on a routine basis. You’re looking at...
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