Rising Interest Rates On The Horizon With Trump Presidency

Rising interest rates are on the horizon, according to Federal Reserve Chair Janet Yellen. And, it doesn’t look at though Donald Trump’s election will change the interest rate forecast. In Congressional testimony, Yellen said that the Federal Reserve plans an interest rate increase “relatively soon.” But, mortgage interest rates are already rising sharply. According to this week’s Primary Mortgage Market Survey, conducted by Freddie Mac, 30-year fixed-rate mortgage interest rates spiked in the wake of the election and rose to 3.94 percent, up nearly a half percentage point from 3.57 percent a week earlier. Fifteen-year mortgage rates also jumped significantly, to 3.14 percent, up from 2.88 percent a week earlier.

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Managing Mortgage Payments in Retirement

If you’re nearing retirement and still carrying a mortgage you’re probably worried about managing your mortgage payments in retirement. And, who could blame you? A new survey by the American Institute of CPAs found that retirees’ biggest concern is  running … Continue reading

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Home Sharing: Is it right for you?

Home sharing is a great way to leverage your extra space into additional income, but it’s not as simple as you might think. And even with large companies making it easier for you to share your home, there are still … Continue reading

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