Tag Archives: mortgage

Concerned about rising mortgage rates?

On June 13th, the Federal Funds Target rate was officially raised by .25%. This increase marks the second time interest rates were raised in 2018 and experts expect another two increases this year. The rate increase was prompted by optimistic feelings about the general state of the economy. The Fed pronounced the economy to be…

Why You Need To Be Pre-Approved For A Loan.

Q: I’m in the market for a new home, and everyone I talk to, from friends to financial advisors, suggests I get pre-approved for a mortgage before I start house hunting. Why is this so important? A: You’re actually on the receiving end of great advice. When looking to take out a large loan, whether…