If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s […]
In another effort to tame inflation, the Fed increased policy rates by 0.75% at their July meeting, in line with expectations. Even with the anticipated Fed hike, mortgage rates have fallen since June, though with some volatility. The Fed’s actions are intended to slow rising prices by inhibiting investment—creating less demand and thus tempering […]
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their tools and influence to slow down the economy. All of this brings up […]
If you follow the housing market at all, odds are you have seen that interest rates for buying a home have dropped twice over the last year and are lower than they’ve been in quite some time. So, what does this mean for consumers and therefore, mortgages? Well, check out the article below from Prescott’s […]