The Fed Interest Rate Increase

On Wednesday, the Fed increased its key interest rate for the first time in 7 years – by .25%. So far, it has had a tremendous effect on the FHLMC average 30-year mortgage interest rate: It soared from 3.95% on 12/10/15 to 3.97% on 12/17/15.

Heading into the Holiday Slowdown after an Interesting Autumn Market

Median sales prices in October and November jumped back up to levels similar to the spring peak selling season. It’s important to remember that median prices are not a perfect reflection of changes in fair market value: They often fluctuate due to seasonal inventory and buyer-profile trends, as well as issues such as an influx […]