Miami Mortgage News

What the Fed rate hike means for homebuyers

It's a tough market for homebuyers. Prices are high and supply of available homes is low.
And while the Federal Reserve's rate hike could make home buying more expensive, house hunters shouldn't start panicking yet.
The Fed increased its benchmark interest rate by one-quarter of a percentage point on Wednesday.
The Fed doesn't directly set mortgage rates, but its actions can affect the housing market.
Mortgage rates tend to move with the government's 10-year Treasury note, which serves as a benchmark for many forms of credit, including mortgages. Interest rates on the notes have already risen since Donald Trump was elected president and on signals the Fed would continue to tighten monetary policy.
But Wednesday's hike was widely expected, meaning the markets had already priced it in. So many experts don't see rates moving much higher in the coming weeks.
"The last couple of times the Fed made a move, the rates firmed up in advance of the decision, and when it happened they kind of faded," said Keith Gumbinger , vice president of HSH.com.
The Fed has now raised rates three times since the end of 2015. Following the first hike in December 2015, mortgage rates started 2016 with a drop for the first few weeks.

Find your listing .. Visit Our SitesUSA Lending And Realty.. andThe World For Sale

Visit Our Site For "Your full service mortgage and loan pros” …USA Lending Inc

To Search in Arabic .. Please VisitIstithmar USA

To Search in Spanish … Please visitpropiedad para laventa

Visit the Miami Bright Education Foundation pages and readAbout itandits articles….

Contact Emile Ur-cousin Farah

phone: (305) 754-1000

Email: farah@theworldforsale.net

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Employment Situation: Nonfarm Payrolls and Civilian Unemployment February 2017

Home of Late ESPN Host John Saunders on the Market for $2.85M

Green Lawns Falling Out of Favor? You’ll Never Guess the Top Landscaping Trends

Get the Look for Less: Tommy Hilfiger’s Magnificent Miami Mansion

From Janitor to Real Estate Mogul, Sean Conlon of ‘The Deed’ Shows How He Made It

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Posted by Nour Ailan on April 21st, 2017 6:07 PM

DeVos Halts Obama-Era Plan to Revamp Student Loan Management

With the stroke of a pen this week, Betsy DeVos, President Trump’s new education secretary, thrust the future of the government’s system for managing federal student loans into confusion.It was a high-stakes move: Her department administers $1.3 trillion in loans on behalf of nearly 43 million student borrowers.At issue is which companies will handle the bulk of those loans in the future, and how they will do it. Under the Obama administration, the Education Department was on the verge of selecting a single vendor to build a new system for servicing its student loans, in what was expected to be one of the largest federal contracts outside of the military.But on Tuesday, Ms. DeVos signed an order rescinding key parts of that attempt to streamline the system — essentially hitting the reset button on the Obama-era plan.Continue reading the main story RELATED COVERAGE Loans ‘Designed to Fail’: States Say Navient Preyed on Students APRIL 9, 2017 The Accusations Against Navient APRIL 9, 2017 Betsy DeVos is Publicly Polite, but a Political Fighter FEB. 23, 2017 YOUR MONEY 6 Tips for Avoiding the Worst Student Loan Repayment Traps JAN. 20, 2017“The guidance from the last administration resulted in a process that involved moving deadlines, changing requirements and a lack of consistent objectives,” the Education Department said in a statement. It did not specify what changes — if any — it might make to the program.The government has for years relied on a patchwork of nine loan servicing companies to send bills to borrowers, collect their payments and handle any problems that arise. Complaints about slipshod service are rampant. A study by the Consumer Financial Protection Bureau found that borrowers with all of the major servicers “encounter widespread problems” at nearly every stage of the process.The Obama administration sought to replace this labyrinthine system with a single entry point — a sea change in how student loan servicing would work. Instead of dealing directly with private vendors, all federal borrowers would gain access to their accounts through an Education Department portal, with standardized forms and processes. A single vendor would take the lead in creating the system’s interface; others would play behind-the-scenes roles, fielding phone calls and handling other customer-service tasks.The plan, hashed out for years and dangling a rich contract, represented a golden opportunity for the student loan industry. Last April, the Education Department opened bidding to find a vendor to build that system, and the winner would get a chance to construct the most visible government portal since Health Care.gov.In October, the government narrowed the field to three finalists: Navient; the Pennsylvania Higher Education Assistance Agency (better known as Fed Loan); and two companies, Nelnet and Great Lakes, that submitted a joint proposal. The winner was to be announced in February.

Find your listing .. Visit Our SitesUSA Lending And Realty.. andThe World For Sale

Visit Our Site For “Your full service mortgage and loan pros” …USA Lending Inc

Search for More Listings in OurLoopnet account

To Search in Arabic .. Please VisitIstithmar USA

To Search in Spanish … Please visitpropiedad para laventa

Visit the Miami Bright Education Foundation pages and readAbout itandits articles….

Contact Emile Ur-cousin Farah

phone: (305) 754-1000

Email: farah@theworldforsale.net

For More information FOLLOW this steps :Investor-Commercial Users

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Posted by Nour Ailan on April 21st, 2017 4:58 PM

What the Fed rate hike means for homebuyers

It's a tough market for homebuyers. Prices are high and supply of available homes is low.
And while the Federal Reserve's rate hike could make home buying more expensive, house hunters shouldn't start panicking yet.
The Fed increased its benchmark interest rate by one-quarter of a percentage point on Wednesday.
The Fed doesn't directly set mortgage rates, but its actions can affect the housing market.
Mortgage rates tend to move with the government's 10-year Treasury note, which serves as a benchmark for many forms of credit, including mortgages. Interest rates on the notes have already risen since Donald Trump was elected president and on signals the Fed would continue to tighten monetary policy.
But Wednesday's hike was widely expected, meaning the markets had already priced it in. So many experts don't see rates moving much higher in the coming weeks.
"The last couple of times the Fed made a move, the rates firmed up in advance of the decision, and when it happened they kind of faded," said Keith Gumbinger , vice president of HSH.com.
The Fed has now raised rates three times since the end of 2015. Following the first hike in December 2015, mortgage rates started 2016 with a drop for the first few weeks.

Find your listing .. Visit Our Sites USA Lending And Realty .. and The World For Sale

Visit Our Site For “Your full service mortgage and loan pros” … USA Lending Inc

To Search in Arabic .. Please Visit Istithmar USA

To Search in Spanish … Please visit propiedad para laventa

Visit the Miami Bright Education Foundation pages and read About it and its articles ….

Contact Emile Ur-cousin Farah

phone: (305) 754-1000

Email: farah@theworldforsale.net

For More information FOLLOW this steps :Investor-Commercial Users

Contact Nader Farah

Nader sells Miami

Nader is an expert

Nader Farah knows real estate

Nader knows more than anyone

Call Nader for all your real estate needs

Nader is the king of real estate

No one sells like Nader

Links For the world:

RainierTitle

Employment Situation: Nonfarm Payrolls and Civilian Unemployment February 2017

Home of Late ESPN Host John Saunders on the Market for $2.85M

Green Lawns Falling Out of Favor? You’ll Never Guess the Top Landscaping Trends

Get the Look for Less: Tommy Hilfiger’s Magnificent Miami Mansion

From Janitor to Real Estate Mogul, Sean Conlon of ‘The Deed’ Shows How He Made It

Why a Loan for a Tiny Home Can Be a Great Big Pain

Ivanka Trump Gets in Parking Feud With Neighbors: Guess Who’s Right?

7 Wild Paint Jobs We Can’t Decide If We Love or Hate

Industrial Production and Capacity Utilization: January 2017

Retail Sales: January 2017

______________________________________________________________
Posted by Nour Ailan on April 4th, 2017 5:46 PM

Housing market could get a bump from Trump

Donald Trump was most famous for being a real estate developer before he became a reality TV star and then wound up Leader of the Free World. So it may not be a huge shock to find out that home builders have been on fire since he was inaugurated.
Pulte (PHM), DR Horton (DHI) and Lennar are all up more than 10% in the past two months and are among the top 25 stocks in the S&P 500 since President Trump took office.
Even though mortgage rates could climb if the economy continues to pick up steam (with or without a Trump stimulus package this year) and as the Federal Reserve hikes short-term interest rates, builders are confident more people will be buying homes.
Stuart Miller, the CEO of Lennar (LEN), said in the company's earnings release this week that there was an "improving macroeconomic environment following last year's election."
He pointed to "renewed optimism, wage and job growth, and consumer confidence." Miller added that "as a result, our homebuilding operations have gone from slow and steady to a faster than expected sales pace throughout our first quarter."
The hope is that the economy, which already had started to pick up some steam in the past year before Trump's victory, will continue to gain momentum.
If that happens, prospective homebuyers may not be scared off by higher rates because their wages are also going up.

Find your listing .. Visit Our Sites USA Lending And Realty .. and The World For Sale

Visit Our Site For “Your full service mortgage and loan pros” … USA Lending Inc

To Search in Arabic .. Please Visit Istithmar USA

To Search in Spanish … Please visit propiedad para laventa

Visit the Miami Bright Education Foundation pages and read About it and its articles ….

Contact Emile Ur-cousin Farah

phone: (305) 754-1000

Email: farah@theworldforsale.net

For More information FOLLOW this steps :Investor-Commercial Users

Contact Nader Farah

Nader sells Miami

Nader is an expert

Nader Farah knows real estate

Nader knows more than anyone

Call Nader for all your real estate needs

Nader is the king of real estate

No one sells like Nader

Links For the world:

RainierTitle

Employment Situation: Nonfarm Payrolls and Civilian Unemployment February 2017

Home of Late ESPN Host John Saunders on the Market for $2.85M

Green Lawns Falling Out of Favor? You’ll Never Guess the Top Landscaping Trends

Get the Look for Less: Tommy Hilfiger’s Magnificent Miami Mansion

From Janitor to Real Estate Mogul, Sean Conlon of ‘The Deed’ Shows How He Made It

Why a Loan for a Tiny Home Can Be a Great Big Pain

Ivanka Trump Gets in Parking Feud With Neighbors: Guess Who’s Right?

7 Wild Paint Jobs We Can’t Decide If We Love or Hate

Industrial Production and Capacity Utilization: January 2017

Retail Sales: January 2017

_________________________________________________________________
Posted by Nour Ailan on April 4th, 2017 5:39 PM

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