Home is not a place... it's a feeling

The feeling you get when you enter your home, it's home. It's defined, it's just your space. It's your comfort zone. It's your home.

It's a feeling! I am here to help, assist, and guide you finding your home. Your feeling. The place you want to live, and call home.

BHHS Fox & Roach realtors , JD Powers rated #1 overall Home sellers in the country 2018. Along with Trident Mortgage, whether you are buying or selling.

Let me help, assist, and guide you today.

The big news out of the Fed Meeting is that the US Fed held their rate steady and is not planning on moving their Fed Funds rate higher any further in 2019. Additionally, "The typical member now expects a single rate increase in 2020 and none in 2021." Very positive for long term, fixed mortgage rates. Additionally the Fed revised their economic outlook lower - seeing growth of 2.1% for the year - down from its forecast of 2.3% from December and even further lower than the 3% growth that occurred in 2018.

What does this all mean?
Thankfully, we saw the mortgage bond markets respond positively to the Fed statement today (stocks predictably moved a little lower and ended the day down - the Dow was down .55%) which is good for mortgage rates. In addition to the Fed's position with regards to their Fed Funds rate being positive for the mortgage rate market, they also revised their balance sheet to increase the amount of Treasury bonds they are purchasing monthly - up $15 Billion. Lastly, the Fed will stop reducing their balance sheet as of September of this year - this will help to keep demand in the bond market.

Bottom line, hopefully we will now see rates continue to stabilize below 4.5% for the 30 year fixed program for the foreseeable future in 2019. As a mortgage professional, in the sellers' market we are in, rate stability should be a huge confidence boost to buyers who are in some cases having to take a longer time to purchase and settle on their new home as compared to a balanced or buyers' market. Please reassure your buyers that the mortgage rate increases of 2018 are now officially in our rearview mirrors.