Is Washington, DC a Good Place to Live? 10 Pros and Cons of Living in the District
Before deciding whether Washington, DC is a good place to live for you, we shed a little light on what itâs actually like to live and work in the home of US politics. Hereâs 10 pros and cons of living in the District.
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1040: Grow Your Business by Investing in Yourself – Garrett Maroon
If you want to grow your real estate business, you need to invest in yourself. On todayâs podcast with Garrett Maroon, we discuss ways to supercharge an agentâs personal and professional growth. Tune in and find out why it’s always worth it to mastermind with other industry professionals. We also cover the power of relationships in real estate, the psychology of relational sales, and more. ð¨ð¨Register for the Real Estate Rockstars Mastermind in May!ð¨ð¨
Retirement Was Always Supposed to Start at Age 70: Here’s Why That Changed
The notion of retirement beginning at age 70 dates back more than a century. Find out why it eventually changed to age 65.
Delta scraps new Dallas route before it even launches
Mortgage activity is up for the third straight week
Mortgage applications came in higher again last week, as more consumers took advantage of another pullback in mortgage rates, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of weekly loan volume based on surveys of association members, increased 3% on a seasonally adjusted basis for the seven-day period ending March … [Read more…]
Fed Hikes Rates; Rates Drop Sharply. Here’s How That Works
There was some debate as to whether or not the Federal Reserve would hike the Fed Funds Rate today, although the consensus was for a 0.25% increase. That’s exactly what the Fed delivered. Additionally, markets were (and still are) betting that the Fed cuts rates by roughly 0.75% by the end of the year, but the Fed’s just-released forecasts show zero rate cuts by the end of the year and slightly HIGHER rates by the end of 2024. Despite all this, Treasury yields (a benchmark for mortgage rates) and mortgage rates themselves fell significantly after the Fed news came out. Why in the world could that happen? First off, the Fed Funds Rate is not a mortgage rate, nor does it directly affect mortgage rates by the time the Fed actually hikes or cuts. More importantly, Fed Chair Powell spoke about upcoming tightening of lending conditions due to the recent banking drama. That may seem like a simple enough comment, but it carries a lot of weight in terms of shaping economic momentum. Lending and credit are critical to growth and inflation. If lending subsides (fewer loan programs or more restrictive requirements to qualify), it puts additional downward pressure on inflation. And inflation is the key reason rates have remained high. Long story short, in spite of the Fed rate hike and the relatively unchanged outlook for 2024, the market saw some indication of a policy pivot in Powell’s comments–some shifting of the big picture cycle of economic growth and inflation. Either that, or Powell’s warning on banks caused investors to fear additional banking issues in the days/weeks ahead.
VA makes major change to America’s most underutilized mortgage program
The VA Native American Direct Loan (NADL) program interest rate was reduced from 6% to 2.5% to make housing loans more affordable for Native American military veterans.
Compare current VA mortgage rates â USA TODAY Blueprint – USA TODAY
Compare current VA mortgage rates â USA TODAY Blueprint USA TODAY
Mortgage demand rises amid MBS volatility
Mortgage rates fell last week, spurring an increase in demand. But a volatile secondary market is causing challenges.