Renae Stucki Realtor has been watching the mortgage rate and there’s a lot of data accumulating this week that’s creating speculation as to which direction the rate will go.Under the new leadership of Janet Yellen, the FED seems more willing to make moves. This creates a certain degree of speculation because up to this point,…
Renae Stucki Realtor gathered this information from Mortgage News Daily. We’re surprised to learn mortgage rates shot higher today at the fastest pace of the year right after the Fed forecast suggested the Fed Funds Rate might be rising sooner and by more than expected. Although the rate isn’t directly tied to the mortgage rate,…
Hey everyone, Renae Stucki Realtor here. I’m sure a number of you are wondering what will happen now that Ben Bernanke is out of office as FED Chairman and Janet Yellen is in. Will she continue the policies set up by Bernanke or will she strike out in a different direction? So far, she’s maintained…
Renae Stucki Realtor is happy to report mortgage rates fell last week. After economists and analysts predicted steady increases in the rate, the direction shirt is a welcome reprieve.The modest drop occurred last week following the weak jobs report. Although this report typically has a bigger impact on market movements, it’s largest impact was felt…
So the other day on the Renae Stucki Realtor blog we were discussing an article posted on Marketplace.org about the Fed pulling back on its stimulus and how the numbers indicate fewer people were applying for mortgages…What exactly does that mean and how does it affect you? Well, first of all, it means interest rates…
Hey everyone, it’s time for another update on the market from your pals at Renae Stucki Realtor. This morning, Marketplace.org posted an article about the dip in number of people who are applying for mortgages and what the Fed has to do with it.Of course, you probably already knew this was going to happen. We’ve…
Renae Stucki Realtor found this article on Mortgage News Daily website discussing the Fed’s move to taper economic easement. You can read the full article HERE. So what does this mean for you and me? Well, it means we’re starting to see the major increasing of the interest rate. Analysts have been predicting this since…
Renae Stucki Realtor wanted to take this time to talk about some concerns I’ve been hearing around the area. With the price of rent increasing every year and housing prices on the rise, many buyers and sellers are starting to worry we’re moving into a new housing bubble.These fears are somewhat unjustified and my reason…
Renae Stucki Realtor collaborates with many local business’ in Southern Utah and Veritas Funding is one of them. Recently, Ben Zitting at Veritas created this graphic to show the impact of interest rates on your purchasing power.The graphic hopes to demonstrate why we’re constantly posting blogs about why now is the time to buy before…
Yesterday, Renae Stucki Realtor brought you a story about how the government shutdown might effect buyers shopping for homes. Today, we bring you another story about mortgage interest rates. If you read the blog yesterday, you’ll recall our suggestion about getting pre-approved for a home loan now instead of waiting until you’re ready to make…