Fed puts interest rate hikes on hold

The Federal Reserve announced on Wednesday that it would hold the federal funds rate in a range between 2.25 percent and 2.5 percent due to a strong labor market and robust economic activity.

Howard Hanna lets buyers shop with pre-locked mortgage rates

The program stands in stark contrast to the way most loans work, which typically require a borrower to have a contract already in place before they can lock in an interest rate.

Fed raises interest rate for the fourth time in 2018

The Fed’s increase sets a target range for the federal funds rate of 2.25 percent to 2.5 percent. The increase of 25 basis points came as the “labor market has continued to strengthen and that economic activity has been rising at a strong rate,” according to a statement from the Fed.

Rising interest rates cost homeowners an extra $1,416 per year

According to Zillow’s latest report, the hike in rates has led the monthly mortgage payment for a median-priced home to increase 15.6 percent since Aug. 2017, which breaks down to an extra $118 per month or $1,416 per year.

Rising interest rates cost homeowners an extra $1,416 per year

According to Zillow’s latest report, the hike in rates has led the monthly mortgage payment for a median-priced home to increase 15.6 percent since August 2017, which breaks down to an extra $118 per month or $1,416 per year.

How are agents (and their clients) coping with stock market jitters?

The stock market’s slump this week likely has many in the real estate industry wondering what the downswing means for their bottom line.

7 Benefits of a Federal Reserve Interest Rate Hike

(TNS)—Interest rates are going up. The Federal Reserve in June hiked rates for the second time in 2018, and there could be two more rate hikes before the end of the year, including one at this month’s Fed meeting. Sure, the increases mean it will cost more to borrow—but you’ll benefit from getting better rates on […]

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Agent/broker perspective: How to nail seller pricing from the start

A top Miami real estate agent is feeling the pain of a challenged market and sellers who refuse to budge on pricing. What can her broker do to help convince these stubborn clients? 

5 reasons rising interest rates won’t wreck the housing market

Interest rates have been trending higher since the fall of 2017 — and they are expected to continue rising — but as long as rate increases remain gradual, the U.S. housing market shouldn’t feel a negative impact.

Don’t Know Your Mortgage Rate? You Could Be Costing Yourself Thousands

(TNS)—Not knowing your mortgage rate can be an expensive mistake, especially in this rising interest rate market. Yet nearly three in 10 mortgage holders (29 percent) either didn’t know their mortgage rate or wouldn’t say, according to a survey by Bankrate. This is a big problem, says Martin Choy, operations manager at Westwood Mortgage in […]

The post Don’t Know Your Mortgage Rate? You Could Be Costing Yourself Thousands appeared first on RISMedia.