Whether you are a first-time house buyer, at the beginning of your journey, or an established home owner, there are considerations to make and constant research that can be done in order to remain a financially savvy homeowner.
read moreInterest 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.
read moreMillennials 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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