by Alterna Mortgage | Jun 7, 2022 | Home Buying, Housing Market, Interest rates, Real Estate, Uncategorized
Despite the rise in home prices and rates, and in some cases a lack of inventory, it can still a good time to buy a home. Case in point: if you’re already ready to buy a home, you could lock in a favorable interest rate before things shift. Rates seem high at 5+%, but...
by Alterna Mortgage | Feb 28, 2022 | Financing, Home Buying, Housing Market, Inflation, Interest rates
Things Are Not All that great with the economy In addition to the inflation problem, the economy is decelerating. Economic growth is slowing. The consumer is assuming more credit card debt to pay for items and fuel costs are soaring. This is a very difficult...
by Alterna Mortgage | Feb 24, 2022 | Home Buying, Housing Market, Interest rates
Financial Conditions Have Already Tightened Part of the Fed’s mandate is to maintain price stability (inflation). The Fed helps lower inflation by raising the Fed Funds Rate, which tightens monetary conditions and slows economic demand. If demand slows, prices come...
by Alterna Mortgage | Feb 13, 2022 | Home Buying, Housing Market, Interest rates, Real Estate
There will be significant rate increases taking effect April 1st, 2022. This is not an early April Fool’s joke. Fannie Mae and Freddie Mac are implementing new ways to help folks needing assistance with owning a home. I think it is a great idea. However, in order to...
by Alterna Mortgage | Jan 30, 2022 | Financing, Home Buying, Inflation, Interest rates, Refinancing, Uncategorized
The Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March A .25% increase is expected. The market experts were predicting 3 rate hikes. Now they are predicting 4 hikes. This will be the beginning to the...
by Alterna Mortgage | Jan 19, 2022 | Financing, Home Buying, Housing Market
More properties became available as the spring home buying season heated up in 2021. There were also more people in the market to buy a home, creating very stiff competition and raising prices across the board. In 2021, home inventory was tightest at the lower end of...
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