The FED{Federal Reserve} conducts a Survey of Consumer Finances every 3 years. The data from this survey is collected across all economic and social groups. The latest survey, which compiled data from the years 2010-2013, reports that the net worth of a homeowner is 36 times greater than that of ...
Continue ReadingPeople often ask if now is a good time to buy a home. However, I have yet to hear anyone ask if it is a good time to rent. With that being said, let us make certain everyone understands that today is NOT a good time to rent. The Census ...
Continue ReadingWhy Are Mortgage Interest Rates Increasing? According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% a couple of weeks ago. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a ...
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