Whether you're going away on an extended vacation or considering downsizing into a smaller place, the popularity of websites like Airbnb has led many people to believe that there's a lot of money in home rental. However, before putting your home on the market, it's important to be aware of some of the factors that go into having a rental property. It may seem like extra money, but it's the small details that can make it a more complicated process. Is It A Short Term Solution Many people plan on … [Read more...]
What’s Ahead For Mortgage Rates This Week – June 20, 2016
Mortgage rates fell after Federal Reserve policymakers decided not to raise the Fed's target federal funds rate. The Federal Open Market Committee cited ongoing concerns over global financial and economic developments and slow jobs growth as factors in its decision not to raise rates. Fed Chair Janet Yellen emphasized the committee's decision-making process is not predetermined and said that ongoing review of current and developing news is significant to monetary policy decisions. Last week's … [Read more...]
Mortgage Fraud: 3 Common Scams to Avoid
There are many ins and outs involved in securing a mortgage lender, and as a result there are many offers and options out there which are only around to take advantage of prospective homebuyers. If you're on the lookout for a home and are trying to wade through all the details successfully, here are some things you may want to be aware of. The Perfect Rental Deal If you've ever rented an apartment in the past, it's entirely possible that you've run into deals on Craigslist where a sizeable, … [Read more...]
Fed Monetary Policy: No Rate Increase in June
According to its post-meeting statement issued Wednesday, the Federal Open Market Committee of the Federal Reserve voted not to increase its target federal funds rate. The target federal funds rate will remain at 0.250 to 0.50 percent. Based on review of current and anticipated financial and economic events, the Committee cited slowing job growth and momentum of inflation-based compensation as reasons supporting its decision. While the national unemployment rate recently fell to 4.70 percent, … [Read more...]
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