Finances During the Corona Virus
We at Alternative Mortgage realize that you have a lot of finance-related questions during the Corona Virus pandemic. We thought it would be a good idea to pass along some of these resources for you to utilize during this time of uncertainty. The US Small Business...
The Federal Reserve Implements Rate Cut on Tuesday
The Federal Reserve implemented a half-percentage-point rate cut on Tuesday. Markets slid, amidst fears the coronavirus epidemic is raising recession risks for the U.S. and global economies. The Fed reduced the federal-funds rate to a range between 1% and 1.25%. This...
Minutes show Fed cautiously optimistic on economy despite new risks
Minutes of the central bank's last policy meeting showed policymakers at the Federal Reserve were cautiously optimistic about interest rates holding steady this year, even after acknowledging new risks caused by the coronavirus outbreak. The readout of the policy...
The city of Portland is creating a new district
At the beginning of May, 10,000 homes and businesses between the Willamette River and Naito Parkway running west will get new addresses. Changes to signage in the area, currently labeled Southwest Portland, will cost about $300,000. Residents and businesses will soon...
Good news and bad news from the U.S. yield curve
Everyone is waiting on the recession or for more rate cuts. Is it going happen? Does it really matter if it does? How will we know we are in recession? Even if they drop the rate, will that mean lower rates for the consumer? A drop in the 10-year Treasury yield below...
Four questions to ask yourself before refinancing
Refinancing your home might be something you are considering. After all, interest rates are generally low right now and you may be able to swap out your old, higher interest rate mortgage for a new one with lower rates. But will that put you in a better financial...
Timing the market is tough…you may want to refinance now
Is it the right time to refinance? Some homeowners who try to time the market in order to get the best rate can end up saving a lot of money. However, many of them end up kicking themselves for years to come because they missed the boat. Conventional wisdom says rates...
January 2020 rate outlook is trending towards lower rates than in 2019
After dropping more than a full point from the end of October in 2018 to the end of October in 2019, mortgage rates barely changed during November and December. Several factors have affected rates over the past year, including economic data, Fed policy, and the trade...
Inflation is another factor that goes into long term rates. If inflation goes up so does the mortgage rates.
There are rumors that our Fed is considering an idea to abandon its present 2% target rate for inflation in favor of a floating target where inflation would be allowed to rise above 2% for some time before considering hiking rates. This comes with two...
Increased Optimism on Trade is causing rates to increase
The trade negotiations with China dominated the economic news this week. Unexpected signs of progress in reaching a deal were unfavorable for mortgage rates. Stronger than expected economic data also was negative, and rates climbed to the highest levels since late...