Rates Hold Steady for Now, Fed Action Points to Possible Hike in December

The Federal Reserve kept the benchmark rate unchanged on Wednesday, in a divided vote that alludes to the possibility of a hike before the end of the year. “The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives,” the Federal Open Market Committee (FOMC) released in statement. “The Committee expects that economic conditions will evolve in a manner th...
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You work where now?

You Work Where Now? Over the last couple of weeks, I started a series "The Four Biggest Mistakes" chronicling the most common challenges we encounter with our buyers as we work to close their transactions! Many of these actions, while possibly commonplace any other time, will cause additional work and most assuredly delays...and could potentially damage the buyer’s qualifications! The first of these four articles was focused upon the effects of going out and buying something while in escrow...
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Flip Phone… and your FICO Score

The last time I was home visiting my dad, his cell phone rang and he pulled out his Nokia Flip Phone and started chatting! I spent the rest of the weekend giggling and teasing him about his old technology! It did surprise me because my dad was a very successful businessman who used technology as a tool to enhance his business processes. He defended his Flip Phone not just because of economy, but that it provided all the services that he expected and needed from his phone…and he felt comfortable ...
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The Key To Closing On Time!

Was it Einstein who defined insanity? Doing the same thing over and over but expecting a different result! As a lending veteran with 30 years experience, it seems that every year the universe conspires to push each transaction to close in less time! In a “drive through” society with powerful little computers in everyone’s hands that give full time contact and access to the world, the desire is to create an instant commodity out of every need….and getting that home loan done is surely no d...
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