Mortgages

Down payment assistance can be a great tool to make homeownership more accessible for first time home buyers.

The Federal Reserve change to its policy language make some economists think that a rate increase is inevitable sometime soon.

The Labor Department issues its Jobs report on a monthly basis and the numbers in recent months have indicated the economy is posting some of its strongest job gains in years. That is great news for the US economy after years of moderate to no growth. However, what is good for the economy often is not good for mortgage interest rates.

The Labor Department on Friday issued it’s monthly non-farm jobs report with another strong report showing strength taking hold in the economy. Employers added 295,000 workers in February which also caused the unemployment rate to drop. The data was positive in almost every area, except for wage growth which still has remained stubbornly steady.

With the spring home buying season upon us now is the time for prospective home buyers to make their home financing plans among the many options available. Hopefully home buyers have spent the winter evaluating neighborhoods, learning about area schools and driving neighborhoods where they may want to live. Now comes the time to decide how to pay for that dream home.