What is mortgage seasoning? Seasoning for a mortgage generally refers to the amount of time a bank wants to see funds being in your accounts that you may use for down payments or closing costs. If you plan to receive a gift of funds or if you received a large sum of money in a [...]
The Fed cut interest rates 1/4 point on October 29, 2025. This was another expected cut after a 1/4 point cut in the September 2025 Federal Reserve meeting, which followed a continued pause beginning at the January 2025 Federal Reserve meeting, and remaining paused in the March 2025 Federal Reserve meeting , the May 2025 [...]
The Fed cut interest rates 1/4 point on September 17, 2025. This was an expected cut after a continued pause beginning at the January 2025 Federal Reserve meeting, and remaining paused in the March 2025 Federal Reserve meeting , the May 2025 Federal Reserve meeting and June 2025 Federal Reserve meeting. Prior to that there [...]
The Fed left interest rates the same on July 30, 2025. This is a continued pause after the Fed paused interest rate changes in the January 2025 Federal Reserve meeting , and then continued the pause in the March 2025 Federal Reserve meeting , the May 2025 Federal Reserve meeting and the June 2025 Federal Reserve [...]
The Fed left interest rates the same on June 18, 2025. This is a continued pause after the Fed paused interest rate changes in the January 2025 Federal Reserve meeting , and remained paused in the March 2025 Federal Reserve meeting and the May 2025 Federal Reserve meeting. Prior to that there were three drops [...]
The Fed left interest rates the same on May 7, 2025. This is a continued pause after the Fed paused interest rate changes in the January 2025 Federal Reserve meeting , and remained paused in the March 2025 Federal Reserve meeting. Prior to that there were three drops - a 1/4 point drop in both [...]
The Fed left interest rates the same on March 19, 2025. The Fed paused interest rate changes in the January 2025 Federal Reserve meeting, but prior to that there were three drops - a 1/4 point drop in both the December 2024 Federal Reserve meeting and in the November 2024 Federal Reserve meeting and a [...]
Do Credit inquiries affect credit scores? Yes and no. It depends on the type of inquiry. There are two types on credit inquiries, a hard inquiry and a soft inquiry. A hard inquiry is for situations like: Applying for a mortgage loan on a house, applying for a credit card, requesting a credit line increase [...]
The Fed left interest rates the same on January 29, 2025. This is the first pause after three drops - a 1/4 point drop in the December 2024 Federal Reserve meeting, 1/4 drop also in the November 2024 Federal Reserve meeting and a 1/2 point drop in the September 2024 Federal Reserve meeting, which happened [...]
The Fed provided a 1/4 point interest rate cut on December 18, 2024. This is third drop after a 1/4 point drop in the November 2024 Federal Reserve meeting and a 1/2 point drop in the September 2024 Federal Reserve meeting, which happened after continued pauses in March 2024, May 2024 and June 2024 Federal [...]