All posts tagged: notary

Anticipated Changes from the Federal Reserve

Many people working in the real estate and mortgage industry, as well as those considering buying or selling real estate, are watching the news and reports on expected changes from the Federal Reserve.

CNBC conducted a survey and share the results in this article written by Steve Liesman for CNBC: 

No comments
Notary Near YouAnticipated Changes from the Federal Reserve
read more

Millennials Are Largest Segment of Home Buyers for 8th Consecutive Year

According to reports from the National Association of Realtors (NAR), millennials represent 37 percent of all homebuyers this past year, and have made up the largest share of homebuyers for 8 consecutive years.  Another interesting fact from the NAR is that many of the homes being purchased are considered multigenerational homes that will house adult siblings, adult children, parents, or grandparents.

No comments
Notary Near YouMillennials Are Largest Segment of Home Buyers for 8th Consecutive Year
read more

Mortgage Rates Increase in February, creating the question: What’s Next?

Mortgage interest rate volatility continued in February with many lenders quoting interest rates higher than just a couple weeks earlier. Many home buyers and those seeking mortgage refinance are expressing concern about how high mortgage rates may increase this year.

No comments
Notary Near YouMortgage Rates Increase in February, creating the question: What’s Next?
read more

Home Purchase Mortgage Applications up 42% in December 2020 compared to Prior Year

Home sales were strong throughout 2020, with purchase applications up 42% in December 2020 compared to same period in 2019. These results are much better than many projected in early 2020, when the Covid Pandemic brought our nation to a standstill for months. The historically low mortgage interest rates in 2020 is the clear reason for the stellar home sales market performance.  

No comments
Notary Near YouHome Purchase Mortgage Applications up 42% in December 2020 compared to Prior Year
read more

Keep Your Eye On: Now

There is a lot of talk and prediction about the future of mortgage interest rates and home sales prices. The variables that lie in the future for both of these topics will happen. What does this mean for those of us who are considering refinancing or purchasing a home? It means that interest rates and home prices may go up or may go down.

No comments
Notary Near YouKeep Your Eye On: Now
read more

Outcome of Recent Federal Reserve Policy Meetings included the intent to hold rates low until inflation increases

A recent article on CNBC.com, written by Jeff Cox, and Titled: Fed holds rates steady near zero and indicates it will stay there for years, includes the following statement  “Projections from individual members also indicated that rates could stay anchored near zero through 2023. All but four members indicated they see zero rates through then. This was the first time the committee forecast its outlook for 2023.” The article details the projections and expectations of the policymaking Federal Open Market Committee.

No comments
Notary Near YouOutcome of Recent Federal Reserve Policy Meetings included the intent to hold rates low until inflation increases
read more

With Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?

The year of 2020 will be remembered by many people and for many reasons. The year was rocked by a pandemic with a ripple effect that created an economic recession; complex social unrest; and a highly polarized presidential election.  Oh, and let’s not forget it was also a year of historically damaging wildfires and hurricanes!

No comments
Notary Near YouWith Mortgage Rates at Record Lows, How Can Buyers Know When To Pounce?
read more