How Your Credit Card APR Gets Impacted by Fed Rate Hikes
In March 2022, the Federal Reserve raised interest rates for the first time since December 2018. The Fed, seeking to counter the historically high inflation, approved a 0.50 percentage point interest rate increase and [...]
Vacation & Second Home Demand is Still Up
The lure of a second home or a vacation home surged for the affluent during the pandemic lockdowns due in part to historically low rates, reports Redfin. In March 2021, second home purchase mortgage [...]
Mortgage News Weekly 5/23/22
In this Issue… A Look Into the Markets Mortgage Market Guide Candlestick Chart Economic Calendar for the Week of May 23, 2022 A Look Into the Markets This past week, home loan rates improved slightly [...]
Hanging Patterned Wallpaper Like a Pro
After losing popularity for the past several years, wallpaper is making a comeback. Attractive wallpaper can make a huge difference in transforming the overall appearance and finish of a room. However, that doesn't mean [...]
Buyers Are There, But Builders Aren’t
Over the past several years, the number of people interested in purchasing a home hasn't waned. However, while buyer demand remains high, a survey conducted by the National Association of Home Builders and Wells [...]
What’s the Difference Between This Year’s Spring Homebuying Season and Last Year’s?
Well, the first is that in April of 2021 the 30-year fixed-rate mortgage was 2.98% whereas this year that rate has climbed to just over 5%. Home prices are up 20% since April 2021. [...]