Should I hold off and wait for property values to fall further? What’s ahead for our economy will we fall into recession? These are the type of questions from our clients at Metropole that I’ve been answering and these are the questions on the mind of the many journalists have asked me for an opinion […]
Federal Reserve Takes Emergency Steps
The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its rising concern that the viral outbreak will depress economic growth in […]
Is It Time to Refinance Your Mortgage?
Worries about coronavirus have battered stocks and sent investors fleeing to the safety of U.S. government debt. On Friday, the yield on the 10-year Treasury note fell below 0.7% for the first time. Earlier this week, the Federal Reserve cut its benchmark rate to a range between 1% and 1.25%. Mortgage rates are expected to fall along with those yields. The 30-year […]
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