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2018 Planned Rate Hikes and How Home Buying Will Be Affected

December 29th, 2017 | by: Steve Pollack | Posted in : New Homes, Real Estate News, Economy, Real Estate Tips

Interest rates can affect many aspects of your financial life and are driven by the monetary policy decisions of the Federal Reserve. Major banks use these monetary policy decisions when borrowing or lending funds. The Federal Reserve has recently agreed to raise its key interest rate of 1.25% to 1.5%. This marks the third increase in this rate this year. The raised rate will push up rates for credit cards, adjustable-rate mortgages and home equity lines of credit. Its effect on fixed-rate mortgages will not be as pronounced.

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Baby Boomers Not Selling Their Homes

September 8th, 2017 | by: SM Sold | Posted in : Real Estate News, Economy

Millennials entering the real estate market looking for a home have a lot to worry about: where to obtain a mortgage loan, what kind of house they want, where they want to live, and what can they afford. One thing they weren’t likely worrying about is Baby Boomers refusing to sell their homes.

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The California coast. It’s where everyone wants a home.

August 14th, 2017 | by: Steve Pollack | Posted in : Luxury, Real Estate News, Economy, Real Estate Tips, Local News

The California coast. It’s where everyone wants a home. They desire a place to sit on the beach and watch as the waves of the Pacific roll in. This is also why homes on the coast are among the most expensive in California.

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