Everything You Need to Know About the VA OTC Construction Loan Building your dream home as a veteran or active-duty service member is more accessible than ever, thanks to the VA One-Time Close (OTC) Construction Loan. Whether you already own land or are starting from scratch, this loan option offers a streamlined path to homeownership—with… Continue reading VA OTC Construction Loans
Category: FOMC
🚫 Why the FED Rate Cut isn’t Lowering Mortgage Rates
Understanding the Disconnect: FED Rate Cuts and Mortgage Rates For many homebuyers, navigating the current mortgage landscape can feel like walking through a maze. Recent Federal Reserve rate cuts have raised confusion, especially when they don’t always lead to lower mortgage rates. Here’s a quick breakdown to help clarify what’s happening. 1. FED Cuts ≠… Continue reading 🚫 Why the FED Rate Cut isn’t Lowering Mortgage Rates
Economic Waters
In a pivotal decision at its final policy meeting of 2023, the Federal Reserve opted to maintain interest rates within the 5.25% to 5.5% range for the third consecutive meeting. While the rates remained unchanged, the central bank hinted at a potential shift in strategy for 2024, suggesting the likelihood of significant rate cuts. This… Continue reading Economic Waters