Monthly Archives: March 2017

New home sales numbers beat expectations

The latest data on sales of new construction, single-family homes in February beat economists’ expectations, according to HousingWire. The data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development show new home sales increased 6.1 … Continue reading

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Economic Perception and Reality

We’ve highlighted numerous times in past missives the difference between perception and reality.  Market participants frequently perceive both as the same when they’re frequently not.  The perception was that a new president would unilaterally incite instant change:Regulations would be swept … Continue reading

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How Homeowners Can Retool as the Fed Raises Rates

The big news out of the business world this week largely concerned the Federal Reserve, which voted March 15 to raise its key interest rate for the third time since 2008. While the rate increase was a relatively minor one (only another … Continue reading

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Rates on the Rise

Actions are starting to match words.  For the second time in three months, the Federal Reserve raised the federal funds rate — the benchmark rate for other interest rates — this past Wednesday. Specifically, the Fed raised the range on … Continue reading

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Why a 15 Year Mortgage Makes Sense

Most homebuyers opt to pursue a 30-year mortgage, and while that’s an appealing option, buyers should also consider a 15-year loan.  Buyers should first contemplate a 15-year mortgage if they know they can afford the higher monthly payments. When taking … Continue reading

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It Looks Like a Done Deal

This has been one of the quickest change of sentiments we’ve seen in some time. Less than a month ago, no one gave meaningful odds that the Federal Reserve would raise the federal funds rate at its March 14-15 meeting. … Continue reading

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4 Tips to Help Homeowners Refinance Their Mortgages

During her recent testimony before the U.S. Senate Banking Committee, Federal Reserve Board Chair Janet Yellen hinted multiple interest rate increases might occurin 2017, CNN Money reported. Homeowners should entertain the idea of refinancing their current mortgages to take advantage … Continue reading

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