Month: December 2014

23
Dec
2014

Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

  Home Mortgage Tips   0 Comment

If you’re a homeowner who is looking to tap in to the home equity that you’ve spent years building you may be interested in a “reverse mortgage” or “home equity conversion mortgage”. Let’s take a closer look at how reverse mortgages work, including how to qualify, what happens to your existing mortgage and what a reverse mortgage might cost.

18
Dec
2014

FOMC Statement: No Year-End Surprises

  Market Outlook   0 Comment

The Federal Open Market Committee (FOMC) said in its last statement for 2014 that although economic conditions have improved at a moderate pace, the Fed believes that the target federal funds rate of between 0.00 and 0.25 percent remains “appropriate.” While labor markets show expanding job growth and lower unemployment rates, FOMC members noted that housing markets are recovering slowly.