September 2023

Understanding the World of Jumbo Mortgages

Jumbo mortgages are non-conforming loans that exceed the conforming loan limits established by the Federal Housing Finance Agency. They are primarily used to finance high-value properties, but come with stricter requirements, such as a higher credit score, lower debt-to-income ratio, and larger down payments. Despite these challenges, jumbo mortgages can be a powerful tool for financing luxury...

Mortgage matters: Trading places–The art of timing your home sale and purchase

Buying and selling a home simultaneously can be a difficult process, but with the right planning and strategies, it is possible for many homeowners. There are several options to consider, such as a bridge loan, a contingency, and a post-closing occupancy agreement, each with their own advantages and disadvantages. It is important to consult an experienced professional to determine which option is best...

The Fed Hits Pause on Interest Rate Hikes

The Fed Paused its key interest rate at at its current range between 5.25% and 5.50%. Meanwhile a rate hike is expected on Fed next meeting on Oct 31- Nov 1.Officials cut forecasts for 2024 rate cuts, suggesting a "higher for longer" policy; benchmark rate above 5% by end of 2024....

How Is the US Rental Market Going On?

Rent prices in the US ↑ 1.7% MoM in June and ↑ 3% since April. The median rent is $2,029, ↓ 1.8% than the peak in August 2022 but ↑ 5% from February 2023. The rental industry's slower pace of growth is attributed to new inventory....

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