Tag Archives: Heres

Buyers are making concessions to nab a home. Here’s what they’re doing

Westend61 | Westend61 | Getty Images In this competitive housing market, buyers are willing to make some concessions to either cut costs or land their dream home. Some 58% of U.S. adults would be willing to take action to find housing that is more affordable, with Gen Z and millennials more likely to do so […]

Here’s what the Fed’s half-point rate hike means for your money

The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than 20 years. “The Federal Reserve is behind the curve,” said Greg McBride, chief financial analyst at Bankrate.com. “They have to raise interest rates a lot […]

Here’s how you can prepare if t.’s a 50 basis point Fed rate hike

Consumers are spending more to keep up with the surging cost of living, and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]

Intimidated by non-QM? Here’s how you can overcome that and boost your business

Despite the increasing popularity of non-QM loans, some brokers and originators are still hesitant to dip their toes in this growing segment. Brian Hewitt, national sales manager at NextUs Lending, joined MPA in its latest podcast episode to talk about non-QM loans and how overwhelmed loan officers can overcome the challenges of underwriting non-QM. One […]

Here’s why your credit score matters and how to improve it

Peopleimages | Istock | Getty Images In just a matter of months, mortgage rates have surged from just over 3% for a 30-year fixed loan to just north of 5%. As potential homebuyers follow those figures, t. is one thing they may be overlooking: their credit score. The three-digit number has a big impact on […]

Buying your first home? Here’s what you need to know

Paul Bradbury | OJO Images | Getty Images First-time home buyers have a steep learning curve, from understanding true affordability and how to qualify for a mortgage to managing their cash flow after their purchase. “When buying your first home, you need to consider that what a lender will let you borrow is not necessarily […]

Here’s what the Fed’s rate hike means for borrowers, savers

The Federal Reserve raised its target federal funds rate by a quarter percentage point from near zero at the end of its two-day meeting Wednesday. The first increase in the benchmark rate in three years will lay the groundwork for six more hikes by year’s end. “The war in Eastern Europe gives the Fed reason to act more cautiously, but […]

Here’s what the Fed’s expected rate hike means for your wallet

The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the economy and […]