Team Mortgage Mikes

Michael Bock and Theresa NeSmith

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Team Mortgage Mikes August 18, 2020

A Bidding War Is Taking Place Among Homebuyers

While businesses have fallen on hard times during the past few months, there are signs that the economy is going to start to recover quickly. This could mean that homebuyers are entering the market again as well.

Filed Under: Mortgage Tagged With: Home Buying, Mortgage Tips, Pandemic

Team Mortgage Mikes July 31, 2020

FOMC Statement: Fed Holds Key Rate Steady as Coronavirus Spreads

Wednesday’s post-meeting statement of the Federal Reserves Federal Open Market Committee reaffirmed its concern over the coronavirus pandemic and its impact on the economy and health of all Americans. The Committee voted to hold its benchmark target federal funds range at 0.00 percent to 0.25 percent. Analysts do not expect the Fed to raise its key interest rate more than once in the next three years.

Filed Under: Financial Reports Tagged With: COVID, Interest Rates, Pandemic

Team Mortgage Mikes May 20, 2020

How Will Coronavirus Impact Our Real Estate Economy?

Without a doubt, the COVID-19 (coronavirus) pandemic has impacted every part of the economy. This is a dangerous virus and has left many parts of the country on lockdown orders to prevent it from spreading rapidly. The question many people are asking is how much the real estate is going to be impacted by the virus as well.

Filed Under: Real Estate Tagged With: COVID19, Economy, Pandemic

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