Baltimore mortgage

Fed Interest Rate Update March 6 2024

March 6th, 2024

The Federal Reserve Chair wrote in prepared remarks for a mandated regular appearance at congress that he doesn't anticipate rate drops quite yet. Inflation is still above the central bank’s goal of 2%, which is why the Federal Reserve Committee is not planning to drop rates at this time. The Fed Chair did say that [...]

Fed Leaves Rates the Same January 31 2024

February 1st, 2024

The Fed left the interest rates the same when they met on January 31, 2024. They stated that there are currently no plans to cut rates, as inflation is still above the central bank’s goal of 2%. They also indicated that as of right now, there are no plans to hike rates. Fed Chair Jerome [...]

Fed Interest Rate Unchanged November 2023

November 2nd, 2023

The Fed did not hike interest rates at the beginning of November 2023. This is a continued pause after the Fed also did not raise rates in September 2023. What does this mean for you and possibly buying a new Baltimore home and getting a mortgage? There should not be much of an effect on [...]

Fed Interest Rate Hike July 2023

July 28th, 2023

The Fed hiked interest rates again at the end of July 2023. What does this mean for you and possibly buying a new Baltimore home and getting a mortgage? Hopefully there won't be much effect on your potential mortgage rate. Mortgage rates are affected by many factors. Yes, the Fed's spike may be one of [...]

Fed Interest Rate Update March 2023

March 23rd, 2023

The Fed hiked the interest rate up 1/4 of a point on Wednesday, March 22, in an attempt to continue to fight inflation. This is the ninth interest rate hike in the past year. The Fed did imply that the collapse of Silicon Valley Bank and Signature Bank may pause further increases in interest rates, [...]

Silicon Valley Bank Collapse and Baltimore Real Estate

March 20th, 2023

The Silicon Valley Bank collapse has many people worried, and some wonder if more collapse may happen, like Signature Bank, and Credit Suisse, how this may affect investing, real estate, mortgages, and other financial institutions. Please note: I am not a money professional and cannot give money, legal, tax or financial advice. Below, please find [...]

How Much of a Downpayment Do You Need to Buy a Home?

January 27th, 2023

How much of a downpayment do you need to buy a home? The long and short of it is that it depends on your situation, loan qualifications and loan type. That being said, according to a NerdWallet Home Buyer Report, 62% of Americans believe you need to put 20% down on a house. In reality? [...]

Should I Refinance My Mortgage in Towson

July 29th, 2020

Should I refinance my mortgage in Towson? With rates as low as they are right now (please note, the date of this post is in July 2020, and mortgage interest rates can change daily,)  many people who have mortgages at higher interest rates are considering whether they should refinance their mortgage. But should you? The [...]

Credit Score – How to Get and Maintain a Good Credit Score

July 11th, 2019

Your credit score is something that is important whenever you are attempting to finance anything - a car, a credit card - and yes, a house. But if you haven't built your credit, or don't know how to rebuild your credit if there were a past issue, you may not understand the steps to take [...]

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