How interest rates work If you have wondered why the Federal Reverse cuts the interest rates and the rates for you go up, I hope to explain. People get in touch with me saying it is now a better time. No September was. Lenders will primarily discount rates before the actual Fed cut. Other people […]
Fed rate hikes and default fears
Fed rate hikes and default fears: Here’s what could be next for the housing market Homebuyers and renters alike could feel relief later this year as home prices stabilize, mortgage rates decline and rent price growth continues to slow. Economists expect the Federal Reserve to pause rate hikes for a time while it observes incoming […]
Foreclosures are up
Foreclosures are up. But is the housing market headed for a crash? Foreclosure notices ticked up nationwide in the first quarter of the year with more than 65,000 properties beginning to go through the process. There were 36,617 new filings in March, which marks the 23rd consecutive month with a year-over-year increase in foreclosure activity, according […]
Should You Use a Reverse Mortgage to Retire
Should You Use a Reverse Mortgage to Retire Should You Use a Reverse Mortgage to Retire? Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. A reverse mortgage could provide much-needed cash flow, […]
Can a Retired Person get a Mortgage?
Can a Retired Person get a Mortgage? Every person takes a different life path. You hear of older or retired individuals getting married or enrolling in college all the time. Age doesn’t preclude enjoying the perks of home ownership, either. There is no age restriction for getting a mortgage, according to the Equal Credit Opportunity […]
