by Susanne Dwyer | Mar 21, 2018 | Latest News, National, News |
The Federal Reserve carried out its first hike of 2018 on Wednesday, increasing interest rates one-quarter percentage point and leaving open the possibility of more raises this year. The action was anticipated by the market, which has been on a robust—and, at times,...
by Susanne Dwyer | Mar 20, 2018 | Latest News, National, News |
The economy is expected to grow at a full-bodied pace for the year, and boosted further by the stimulus, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for March 2018. Analysts at...
by Susanne Dwyer | Mar 17, 2018 | Buying/Selling, Latest News, National, News |
For the first time this year, the average 30-year, fixed mortgage rate has retreated, back to 4.44 percent this week after rising for nine straight weeks, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 30-year,...
by Susanne Dwyer | Mar 14, 2018 | Buying/Selling, House Canary, Latest News, News |
Are you looking to purchase this spring? The combination of increasing prices and rates is making the price tag steeper. The average monthly mortgage payment has risen by $168, or 12.7 percent, year-over-year, according to an analysis by realtor.com®. The average...
by Susanne Dwyer | Mar 13, 2018 | Advice, Buying/Selling, For Your Clients, Latest News, Trending |
There are many economic variables to consider when selling your home when interest rates are rising. If that’s the only changing economic variable, you’re generally going to see a negative impact on both home sales and home prices. This means as interest rates rise,...