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Fed Raises Rates

The Fed Chairman raised the interest rate yesterday 1/4 point and the discount rates as well.  This means you will see higher interest rates when you take out a loan to buy any property. 
However, there is good news.  The Fed Chairman hinted that while further rate increases may be imminent, they may not come [...]

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Minorities and Real Estate Part 2

Subprime lenders charge minority borrowers more, regardless of credit score. One study has just released findings that may just shake the lending industry to it’s core. 
With no way to explain themselves, lenders have been caught giving higher prices to minorities.  In fact, when comparing applicants with very similar credit histories, apples to apples, give [...]

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