ri mortgage banker: Real Estate and Interest Rates "Steady As She Goes"
- 03/09/19 04:47 AM
Mortgage interest rates dipped to the mid-4% range in the fourth quarter of 2018 largely fueled by concerns over a European economy that can't seem to get out of first gear over the past 10 years, and ongoing China trade negotiations. More recent housing and employment data has put economists a bit onto the edge of their seat with concern we may see the US economy slowing this year. As they say, one month doesn't make for a trend, so only time will tell if housing and employment growth is in for a soft landing or a self-fulfilling recession. I'm still firmly in the … (0 comments)
ri mortgage banker: Home Sales On Fire During Polar Vortex
- 02/16/19 07:16 AM
While the country was braving frigid temperatures during the polar vortex, new home sales were on fire. The Mortgage Bankers Association reported a substantial increase in sales of newly built homes last month. The Builder Application Survey (BAS) conducted by the Mortgage Bankers Association indicates sales increased by over 40 percent compared to December 2018 and were at the the same pace as January 2018. As noted in Mortgage News Daily, Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting said, "After two lackluster months, new home sales surged almost 30 percent in January to the fastest pace since our survey began in 2013. The … (5 comments)
ri mortgage banker: Best Way To Save Money For Your First Home
- 01/31/19 04:27 AM
AUTOMATE YOUR SAVINGS - IT'S AS SIMPLE AS THAT! Whether it's $50 or $1,000 per month, start diverting some amount of money out of your checking account each pay day and put it into a separate brokerage account, such as Vanguard or Fidelity. While auto-debiting directly into a local bank account is fine, you are less likely to tap into the funds if it's in a separate account with an instituation located remotely. Start with an amount that you likely won't miss each month, and increase the amount over time, especially when you receive a raise, or if your cost of living declines. If you're … (0 comments)
ri mortgage banker: Interest Rates Remain At Recent Levels With Signs Of Increasing
- 01/27/19 05:19 AM
note that the government shutdown which began on December 22 has caused delays in the release of some economic reports produced by government agencies and likely will continue to do so as long as it is in effect. It is generally not known in advance when the impacted data will be ready to be released. … (0 comments)
Mortgage interest rates dipped to the mid-4% range in the fourth quarter of 2018 largely fueled by concerns over a European economy that can't seem to get out of first gear over the past 10 years, and ongoing China trade negotiations. More recent housing and employment data has put economists a bit onto the edge of their seat with concern we may see the US economy slowing this year. As they say, one month doesn't make for a trend, so only time will tell if housing and employment growth is in for a soft landing or a self-fulfilling recession. I'm still firmly in the … (0 comments)
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