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Tag: first time mortgage

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Impact of Fed’s Rate Increase on Mortgage Rates

Impact Of Fed’s Rates Increase On Mortgage Rates So you want to know what happens to mortgage rates when the Feds increase rates? Since mortgage rates respond to market forces, you need to know that the Federal Reserve influence mortgage rates indirectly. Sometimes, mortgage rates increase when the Fed increases short-term rates. This happens because the central bank’s operation set the tone for most other interest rates in the economy. However, mortgage rates don’t always

Millenials: How To Get Your First Mortgage In California

Getting your first mortgage is intimidating – how do you know if you’re getting good terms, and what do you need to do to qualify for financing for your new home? As millennials age – the oldest ones are now in their mid to late thirties – more and more are looking for funds for their first homes. But as a millennial, you probably haven’t seen the mortgage process before, so what do you need