Great article below on the Fed soon to announce that they will stop tapering. That means they will stop supporting the bond and credit markets. That will more than likely put pressure on mortgage rates to go up. The Fed could be done tapering by next summer From CNN Business' Paul R. La Monica The market is ready for the Federal Reserve to announce plans to start cutting back on, or tapering, its massive bond purchase program at its next meeting in November. And the Fed is al
Good morning all! Mortgage rates continue to go higher today. This is the rate graph from the beginning of August. Rates, for most scenarios, are in the lower 3's now for most Conventional loan scenarios. FHA and VA are lower though. Red is bad, green is good.
I have signed up with a new service called HomeBot. It is really awesome, and allows you to keep track of your home's estimated value. It also has a ton of great tools on what refinancing would look like, what you can do with your equity, and many other cool things. Feel free to sign up here. If you do sign up, you will get an email once a month keep track of your numbers. And, if you ever want to chat about refinancing, or get ready to buy a new home, you can easily get a ho
Mortgage rates have continues to get worse on us. Lots of things going on here, but the big one is the hovering fear of inflation. Costs are continuing to go up, with is going to put pressure the Fed to increase rates faster than planned. They are also going to be tapering sooner rather than later. That means they are going to stop purchasing mortgage backed securities, which will make rates go higher. Here is the rate graph..Red is bad, green is good. We are probably up almo
Good morning all!
I hope everyone is doing great, and had an amazing summer. Can you believe we are almost into 2022??
About this time of the year, I get questions from clients about their property tax bill. They will be coming out soon, so keep an eye out for them.
If your mortgage servicer is handling your taxes/insurance, they will be paying that bill in the period to get the discount. If you are paying your own property tax bill, it is due 11/15. For those of you who