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SOLD for $385,000! 9717 NE 157th Ave., Vancouver

5/30/2017

SOLD in 8 days for list price - $279,000! 10209 NE 29th St., Vancouver 98684

5/10/2017

Projects to Focus on When Getting Ready to Sell Your Home

12/12/2016

According to RISMedia, the top five projects to prioritize when it comes to the best return on investments are: replacing the entry door, installing a new fireplace, remodeling the kitchen, converting the attic into a bedroom, and replacing the exterior siding. When it comes to house sales and particular rooms, the kitchen is often the room that will make or break a sale. Kitchen projects that are budgeted between 6 – 10 percent of the total home value will see the highest ROI. Putting your finances into kitchen upgrades is a worthwhile endeavor when it comes to optimizing your home for selling purposes.

The Federal Reserve & Rate Changes - What does it all mean?

12/9/2016

Will the Federal Reserve raise interest rates again?

Let's give a little background on the Fed:

The Federal Reserve Board (the Fed) controls the Fed Funds Rate and the Discount Rate. These are overnight loans from bank to bank or from the Fed to member banks. The Fed adjusts the rate to influence the economy. For example, if things are going well, a rate increase may slow inflation. If the economy is struggling, a rate drop could be the boost it needs.

Two important things to remember:

- The Fed can influence, but does not directly set, consumer rates.

- The Fed's rates are short term and often do not impact longer term rates, such as mortgage loans.

Why all the fuss?

Increases in the Fed Funds rate can cause banks to raise their “prime” rates, which are often used to calculate costs of revolving credit or home equity lines of credit (HELOCs).

What about mortgages?

Mortgage loans are a different animal, so to speak. The "agencies" (Fannie Mae and Freddie Mac) pool them together and sell them as mortgage bonds. The amount investors pay for these bonds directly influences mortgage rates.

 

Bottom Line:

When the Fed moves, it generally provides lots of warning, and markets have already had a chance to react. Markets are constantly responding to other factors as well, from the stock market to global events to consumer spending. In the end, no one can say for certain what the reaction to Fed moves will be.

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