How the Fed’s Interest Rate Hike Affects Your Mortgage

This week, the Federal Reserve raised interest rates for the third time in 2018. This quarter-percentage rate increase brought the federal funds rate into the target range of 2 – 2.25 percent. The committee sets monetary policy, primarily by raising or lowering the Fed’s target for the federal funds rate, which is used as the […]

Maximizing Your Appraisal

If you want to refinance your home and still take advantage of currently low interest rates, you’ll they have to get through a home appraisal, before landing a new 30-year fixed-rate mortgage. What do you do when the appraisal came back less than what you’re expecting, and too low to support the new loan? Low […]