Finance

Debt Limit

2023-06-01T06:19:10-07:00

The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. The debt limit does not authorize new spending commitments. It simply allows the [...]

Debt Limit2023-06-01T06:19:10-07:00

How the Fed’s rate hikes slow the economy — and impact you

2023-06-01T06:18:10-07:00

By Rachel Siegel and Emily Wright Updated Nov. 2 at 2:02 p.m. Originally published Oct. 31, 2022 The economy runs like a machine. Right now, it’s overheating: Inflation levels are at the highest in decades, with prices climbing on everything from groceries to cars to rent. And the job market is unsustainably tight, with nearly [...]

How the Fed’s rate hikes slow the economy — and impact you2023-06-01T06:18:10-07:00

It hasn’t been this hard to get a mortgage in six years

2020-09-14T06:31:07-07:00

By Kathleen Howley Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% to 120.9 last month, the lowest since March 2014, indicating stricter requirements to get loans. [...]

It hasn’t been this hard to get a mortgage in six years2020-09-14T06:31:07-07:00

U.S. Orders Up To A Yearlong Break On Mortgage Payments

2020-03-20T06:39:51-07:00

The federal government is telling lenders to lower or suspend mortgage payments for homeowners who have lost income because of the coronavirus outbreak. Mike Segar/Reuters Updated at 2:49 p.m. ET on March 19, 2020 Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, [...]

U.S. Orders Up To A Yearlong Break On Mortgage Payments2020-03-20T06:39:51-07:00

BE CAUTIOUS OF #FALSEADVERTISING & #BAITANDSWITCH #LENDERTACTICS

2020-03-17T07:28:35-07:00

By Carissa Abazia Here is more information you can share with your clients, colleagues, friends and family who are asking about 0-3% interest rates. Again, mortgage rates are not affected by Sunday's fed rate cuts. Here is the first problem we must deal with: The media gets their information about rates from what Fannie Mae [...]

BE CAUTIOUS OF #FALSEADVERTISING & #BAITANDSWITCH #LENDERTACTICS2020-03-17T07:28:35-07:00

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART II

2020-03-17T07:21:54-07:00

By Carissa Abazia The Federal Fund Rate is the overnight borrowing rate that banks get when they borrow money from the federal reserve.  This rate was 0.75% last week and now it is 0.00% to 0.25%. There are a lot of questions out there about the interest drop the Federal Reserve just completed. The Federal [...]

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART II2020-03-17T07:21:54-07:00

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART I

2020-03-17T07:18:59-07:00

By Carissa Abazia The Fed Reserve cut its benchmark interest rate to zero on Sunday, the second such emergency rate cut this year in response to the coronavirus. We wish mortgage rates would be 0%! However mortgage rates don’t follow the Fed Rates. Although the Fed funds rate is indirectly tied to mortgage rates, it’s [...]

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART I2020-03-17T07:18:59-07:00

14 Things Ridiculously Successful People Do Every Day

2019-11-20T12:00:02-08:00

By Travis Bradberry Having close access to ultra-successful people can yield some pretty incredible information about who they really are, what makes them tick, and, most important, what makes them so successful and productive. "Whenever you see a successful person, you only see the public glories, never the private sacrifices to reach them." -Vaibhav Shah Kevin Kruse recently [...]

14 Things Ridiculously Successful People Do Every Day2019-11-20T12:00:02-08:00

Increase Your Credit Score By Consolidating Your Debt

2019-11-19T06:28:45-08:00

By Carissa Abazia Consolidating your debt  can help increase your credit score. Here’s what you need to know. Increase Your Credit Score A new study from TransUnion explored how debt consolidation loans impact consumer credit performance, overall debt load and credit health. TransUnion says that consolidating credit card debt with a personal loan can help [...]

Increase Your Credit Score By Consolidating Your Debt2019-11-19T06:28:45-08:00

Officials spar with senators over plan for mortgage giants

2019-10-04T08:29:29-07:00

WASHINGTON (AP) — Trump administration officials on Tuesday defended their plan to Congress for ending government control of mortgage finance giants Fannie Mae and Freddie Mac, clashing with Democratic senators on whether the change would raise home borrowing costs and neglect lower-income homeowners. The two finance companies nearly collapsed in the financial crisis 11 years [...]

Officials spar with senators over plan for mortgage giants2019-10-04T08:29:29-07:00
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