Last week's economic news included readings on homebuilder confidence in housing market conditions, minutes of January's Federal Open Market Committee meeting, and existing home sales reported by the National Association of Realtors®. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Home Builder Confidence Rises to 4-Month High Homebuilder confidence rose for the second consecutive month in February and four points higher to an index reading of 62, which … [Read more...]
FOMC Meeting Minutes: Why Fed’s Rate Policy Reversed Course
After raising the target range for the federal funds rate in 2018, the Fed's Federal Open Market Committee did not raise the Central Bank's key interest rate at its meeting of January 29 and 30. While Committee members did not raise the Fed's key rate, members were divided on the interest rate decision. FOMC Members Divided On Interest Rate Decision Minutes of January's FOMC meeting indicated that member viewpoints varied about how the Fed should deal with the Fed's target interest rate range. … [Read more...]
5 Ways Bridge Loans Help Real Estate Investors Increase Profits
Bridge loans, which are also commonly referred to as interim financing, gap financing or swing loans, help a motivated home buyer to secure financing before their home or investment property sells. Lenders can usually modify these flexible loans to accommodate a person's unique needs. Current real estate market conditions allow savvy investors to make big profits as long as they can move quickly on good opportunities. Low inventories of existing homes and slower than normal construction … [Read more...]
The 2019 Housing Market, While Still Risky, Isn’t All Bad for Buyers
Many new buyers start looking for homes in the spring. The question in 2019 is whether buyers can afford available inventory or want to buy given changes to the tax code and increase in natural disasters. Interest Rates The 30-year-fixed interest rates have been trending lower recently. This reduction in interest rates, coupled with a slowdown in the resale housing market, is working in the buyer's favor in some areas. Talk with your trusted real estate professional and mortgage lender to … [Read more...]
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