16 Jun 2016
By Mark Feder

Fed Monetary Policy: No Rate Increase in June

Mortgage Rates
According to its post-meeting statement issued Wednesday, the Federal Open Market Committee of the Federal Reserve voted not to increase its target federal funds rate. The target federal funds rate will remain at 0.250 to 0.50 percent. Based on review of current and anticipated financial and economic events, the Committee cited slowing job growth and momentum of inflation-based compensation as reasons supporting its decision. While the national unemployment rate recently fell to 4.70 percent, FOMC members saw room for growth in employment. Unemployment rates are calculated based on active workforce members and do not include those who are under-employed or…
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15 Jun 2016
By Mark Feder

The Pros and Cons of Buying a Second Home to Rent

Home Mortgage Tips
With the ever-fluctuating cost of housing, buying real estate can be one of the best investments a person can make. However, a lot of important factors can be left out of the final decision when it comes to purchasing a home as rental property. If you are taking the initial steps to invest in a second home, here are some important things to consider before you make the financial commitment. The Distance To A Destination Many people who purchase second homes to rent out choose to buy in places that are sought after, whether it's a trendy area or beachfront…
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14 Jun 2016
By Mark Feder

Boomerang Home Buyers: 4 Things to Consider Before Stepping Back into Homeownership

Home Mortgage Tips
Whether you've gone back to renting for the sake of money saving or recently downsized to a more compact space, the idea of owning a home can be a big responsibility that may require more than you're willing to give. If you're considering jumping back into the fold of home ownership, here are a few things to contemplate before re-entering the market. Is It Affordable? Many people avoid home ownership for a long time because of the high cost of a down payments and the associated property taxes and maintenance fees, but it can be easy to forget these extras…
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13 Jun 2016
By Mark Feder

What’s Ahead For Mortgage Rates This Week – June 13, 2016

Financial Reports
Last week's economic news was highlighted by Fed Chair Janet Yellen's speech in Philadelphia. Although Chair Yellen alluded to future Fed rate hikes, she did not specify when Fed policymakers would next raise the target federal funds rate.  Increases in the fed funds rate typically signal increases in consumer credit and home mortgage rates. Last week's speech was seen as a precursor to the Federal Open Market Committee statement that will occur at the conclusion of next week's FOMC meeting.  Chair Yellen is also scheduled to give a press conference after the FOMC statement next Wednesday. Mortgage rates and new…
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