Mortgage

What is the impact of the Federal Reserve on mortgages?  Although it doesn’t directly set mortgage rates, the Federal Reserve’s actions influence how they change. At its most recent meeting on January 31, the Fed declared a prolonged pause following eleven rate hikes from early 2022 to mid-2023. Even if the Fed maintains its key … Read more

What is a Mortgage? A Definitive Guide for Aspiring Homeowners Key takeaways: A mortgage is a long-term loan from a bank that enables you to buy a house by using the house as collateral. Principal (the amount borrowed), interest, property taxes, and homeowners insurance are usually included in mortgage payments. They may also consist of … Read more