February 22nd, 2019

FOMC Meeting Minutes: Why Fed’s Rate Policy Reversed Course

Posted by at 1:00 pm

After raising the target range for the federal funds rate in 2018, the Fed’s Federal Open Market Committee did not raise the Central Bank’s key interest rate at its meeting of January 29 and 30. While Committee members did not raise the Fed’s key rate, members were divided on the interest rate decision.

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February 22nd, 2019

Bay Equity: Building relationships to last

Posted by at 11:30 am

For the very best in customer service, borrowers keep coming back to Bay Equity Home Loans. Once a borrower is in the thick of the mortgage transaction, they quickly realize how much deeper the process goes. There are so many questions – things to learn, documents to pull together, papers to sign. Here’s where Bay Equity shines. Our loan officers always add a deep commitment to the highest standards of local, direct customer service. That commitment keeps customers coming back time and time again. Just look to Montgomery, AL, where Krystal and Stephen Williams financed their first home with Jennifer Johnston back in 2016. When they were ready for a move-up home in late 2018, they didn’t consider anyone else but Jennifer and Bay Equity.  “We just love her,” Krystal says. “She was wonderful.” Bay Equity’s seasoned team of professionals...
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February 19th, 2019

What’s Ahead For Mortgage Rates This Week – February 19th, 2019

Posted by at 1:45 pm

Last week’s economic reports included readings on the Consumer Price Index, Core CPI, Retail Sales and Retail Sales excluding autos. The University of Michigan also released its Consumer Sentiment Index. Weekly readings for mortgage rates and first-time jobless claims were also released.

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February 12th, 2019

5 Ways Bridge Loans Help Real Estate Investors Increase Profits

Posted by at 1:00 pm

Bridge loans, which are also commonly referred to as interim financing, gap financing or swing loans, help a motivated home buyer to secure financing before their home or investment property sells. Lenders can usually modify these flexible loans to accommodate a person’s unique needs.

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