The Home Buyer's Korner

Information presented should be used for educational purposes only.

March 18th, 2016

Guy looking up in color

Federal Open Market Committee (FOMC)

Janet YellenThe Fed scaled back its forecast for rate increases from four to two increases in 2016, but any actions will also depend on the Federal Reserve, and it’s Federal Open Market Committee (FOMC), review of current and expected domestic and global factors.

FOMC members are guided in decision making by the Federal Reserve’s dual mandate of maximum employment and price stability. 

The current target federal funds rate holds steady at 0.25 to 0.50 percent. Committee members of the FOMC have cited positive developments in the U.S economy including jobs growth, tighter slack in labor markets, while inflation remains under the Fed’s 2.00 percent target.

FOMC members attributed slow inflation growth to lower energy prices. The Fed described its current monetary policy stance as “accommodative” and expects it to remain so until inflation reaches 2.00 percent.

 Historical-Inflation-US

Fed Chair Janet Yellen explained policy makers’ decision not to raise the target federal funds rate in a press conference after the FOMC statement. Chair Yellen responded to media representatives’ questions about FOMC’s views on inflation and unemployment, zero or negative interest rates and uncertainty about China’s economy. Committee members cited risks associated with global economic and financial developments as a concern. The decision not to raise the target federal funds rate was cited mostly with uncertainty about China’s economy. 

The U.S. economy is strengthening as Europe and Japanese economies wane, and though global economic decisions influence U.S. monetary policy, it’s not based solely on global economic and financial developments.

Looking back here in the U.S., stronger housing sector, jobs, and household spending were noted as positive signs for the economy in the committee’s last meeting.

U.S. Emplyment History 2006 to 2016

HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase.

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace a deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

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