Federal Reserve Turnover Could Affect Mortgage Rates Two key leadership positions in the Federal Reserve are up for re-appointment this fall. The Biden administration is considering changing up the leadership to appoint officials who are more concerned with climate change, banking regulation, and income inequality. There is pressure from Progressive democrats to take this opportunity
The VA Has A Little Known Program To Help Veterans Keep Their Homes The federal mortgage forbearance program being offered through all of the governmental housing agencies is open for enrollment through September 30th, 2021. However, the VA has a second, separate plan available to veterans. This plan is known as the VA Partial Claim
Renting Your Home May Be An Alternative To Foreclosure Rental rates have risen drastically over the past year. Monthly rental payments are currently higher than average mortgage payments in the majority of US metro areas. For homeowners facing the end of forbearance program grace periods, renting out their home may be the best option for
FOMC News Signals Multiple Rate Hikes Through 2024 The Federal Reserve is meeting today for the Federal Open Market Committee’s September policy setting session. Interest rates were not raised during this meeting, but the committee is discussing the process of tapering the Fed’s bond buying program. Tapering could begin this year, but rate increases are
Virtual Closings Will Be The New Normal in 2022 Since the onset of the Coronavirus in March 2020, virtual interactions have become more prevalent throughout society to keep the distance. This year in 2021, the real estate industry has also adopted this method of communication/commerce and is growing in popularity throughout the mortgage and real
Many Seniors Could Boost Their Retirement Income With A Reverse Mortgage A reverse mortgage allows a senior citizen to make money by receiving payments monthly against the home they own. This is a supplemental income source compared to more traditional investment income sources such as bank fixed deposits, national savings certificates, etc. This income is