Rates are up and inflation could be too…
2 big days with 2 different outcomes. On Tuesday, Fed Chair Janet Yellen in her annual speech before Congress, called the Humphrey Hawkins testimony on monetary policy, suggested that “waiting too much longer to raise rates would be unwise” (i.e. prime rate). This...
Interest Rates Flat but Slightly Better . . .
This week had mostly weaker than expected economic data which helped interest rates only slightly. Tuesday the Existing home sales for December were weaker than expected, down 2.8%. Thursday the initial weekly jobless claims jumped up 22k to 259k and the December new...
How Does a Homeowner to Get a Low Down Payment for Investment Property?
I own a home, but I want to buy units to invest for retirement income. Can I put 3.5% down? Great question Derek! That’s a great idea to create cash flow for your retirement! Unfortunately, when you already own a home your live in, you are not eligible for the FHA...