FALL ABUZZ WITH NEWS

FALL ABUZZ WITH NEWS

The housing sector kicked off the fall season on firm footing. Home prices rose 6.4 percent in September 2015 compared to September 2014, according to CoreLogic’s Home Price Index Report. Sales of existing homes rose 4.7 percent in September from … Continue reading

FED STANDS FIRM

FED STANDS FIRM

September’s Federal Open Market Committee (FOMC) meeting left the Federal Funds Rate unchanged. The Fed Funds Rate—the rate banks use to lend money to each other overnight—does not directly affect home loan rates. However, when this rate increases, consumer rates … Continue reading