We’re always looking to keep you informed on the local and national markets as well as pertinent articles that are published with regard to real estate and mortgages. With that in mind, today’s articles include two that point to rate hikes in late spring (or early summer) and two additional articles that indicate the Millennial generation’s appearance into the real estate market as well as a few tips for those first time home buyers.
Fed’s Bullard Says Zero US Rates No Longer Appropriate – Pointing to a potential increase in rates coming around the bend, Federal Reserve Policy Maker – James Bullard – says that small increases in rates with the central bank sometime during the summer.
US Consumer Prices Rebound, Underlying Inflation Firming – Similar to what the title of the article indicates, consumer prices rebounded in February which ended three straight months of decline. All of the findings also indicate that a late spring/early summer rate hike are in the works.
Access to Credit Still Biggest Hurdle for Millennials to Enter Real Estate Market – We’ve seen article after article making note of the lack of the Millennial generation making their first move into real estate. However, one of the obstacles that has kept them out (theoretically) has been their specific unemployment rate. Reports in January show that 57% of home tours were first-time buyers which could be an indication that may start to change for the generation.
Applying for Your First Mortgage: What Should You Do – You’ve heard that the process is overwhelming, however if you go into the process knowing what to expect, you’ll become the master navigator and streamline your loan process as you work hand-in-hand with your loan officer.
Any questions? Feel free to connect with us and we’ll help you become a stronger buyer in this spring market!