Economy
Did the Fed Lower the Interest Rate?
Today it’s anticipated that the federal reserve will cut rates by a margin of .25 to the Fed funds rate. What does that mean? Well, the Fed funds rate is the rate which banks borrow from each other in the federal reserve system. When the Fed cuts rates, it’s usually to stimulate the economy by…
Read MoreWhat is a No Closing Cost Refinance
Rate is the one word that comes up perhaps more than any other when shopping for a mortgage loan. The second most frequent topic of discussion is on closing costs – the dollar amount it takes to get a mortgage done. There’s an appraiser that needs to be paid, underwriters that need a paycheck, and…
Read MoreWhat Would a Recession Mean for Housing?
The “R” Word It’s come up a lot recently. With unemployment at or near all time lows, a stock market rally that’s defied all odds for longer than history says it should have, and the Fed looking at potentially reversing monetary policy, it looks like our next recession is more a matter of when,…
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