Quantitative Easing is an unconventional monetary policy used by the Federal Reserve (FED), to stimulate the economy when standard monetary policy has become ineffective. To better understand how quantitative easing works; let me first detail the more traditional tools of the FED. The FED uses several tools to control the economy through the supply of money. The FED sets the reserves it requires commercial banks to maintain as a percentage of their depositors holdings. The reserves requiremen Continue reading...
Here is an interesting article I found... The Wall Street Journal The bond market's month long plunge has pushed long-term interest rates on mortgages and U.S. Treasurys to their highest levels in more than a year, sparking a debate. http://finance.yahoo.com/news/swoon-bonds-puts-eye-fed-000600176.html Continue reading...
In the Triangle Area and all over the country we have many beautiful “older” homes for sale. Many of these homes may look wonderful but may not have the updated energy efficient features that a newly constructed home may have. NO worries! There is a solution for making these homes cozy and energy efficient. Let me introduce you to the Energy Efficient FHA Mortgage. This is a standard FHA insured mortgage with an Energy Efficient Package added on to it. Some of the improvements that can b Continue reading...
A question many first time home buyers ask themselves is whether it is time to begin the home buying process. It’s a great question. Many home buyers make decisions based on emotion, so it is refreshing to see new, would-be homeowners thinking sensibly. A sensible home buyer who wants to take advantage of the current market should consider purchasing a home now, and here's why. All of the Triangle indicators are pointing towards the housing recovery in 2013. Sales are up over 20% for the Continue reading...
According to Fanny Mae, a borrower must pay a minimum down payment towards the purchase of a home loan. The Mortgage product selected such as a Conventional, FHA, or VA loan, determines what the minimum down payment must be and how much money can be contributed by someone other than the borrower, typically referred to as concessions is anything of value added to the transaction by the builder or seller for which the buyer pays nothing additional and which the seller is not customarily expected o Continue reading...