The Fed and Your Rate

The Federal Reserve, commonly referred to as the Fed, is the central bank of the U.S. The branch that is in charge of setting the Federal Funds Rate is the Federal Open Market Committee (FOMC). The FOMC indirectly affects mortgage rates by controlling the amount of money that circulates in the economy. FOMC meetings occur ...

What’s Ahead for Housing in 2014?

Rising Home Prices Over the past year home prices have risen nationwide by 10.9%. Home prices will continue to rise in 2014, however, at a slower, steadier pace – around 3-6%. Rising home prices have helped many homeowners regain positive equity status and with home prices continuing to rise in 2014, even more homeowners will ...