The Fed just raised rates! What does that mean for my mortgage? - Quartz

For the full implications of the Fed’s decision, see Quartz’scomprehensive explainer from Tuesday (Dec. 15). But right now let’s narrow the focus: What does an increase in the federal funds rate mean for your mortgage?

If you’re a home owner with a standard 30-year fixed-rate mortgage:

Nothing! That’s the beautiful thing about the “fixed rate”

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Here's why 2016 will bring good news for potential homebuyers | 2015-12-14 | HousingWire

Here's why 2016 will bring good news for potential homebuyers | 2015-12-14 | HousingWire

Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Dick Portillo, daughter-in-law rehabbing, flipping houses - Residential News - Crain's Chicago Business

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

8 Ways the Federal Funds Rate Hike Could Affect You

A bump of 0.5% in your interest rate would raise your principal and interest payment to approximately $912/month. Therefore, a jump in mortgage rates could not only decrease mortgage affordability but shut some potential buyers out of the housing market completely.







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Waiting until after the Holidays Isn’t a Smart Decision | Simplifying the Market™

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Every year at this time, many homeowners decide to wait until after the holidays to put their home on the market for the first time. Others who already have their home on the market decide to take it off the market until after the holidays. Here are six great reasons not to wait:

Foreclosure crisis lingers: Repossessions spike 66%

New foreclosures may be back to nearly normal, but the mess from the epic housing disaster in the last decade is far from gone. Bank repossessions, the final stage of the foreclosure process, jumped 66 percent year over year in the third quarter of this year, according to RealtyTrac, a foreclosure sales and analytics company. It's the largest annual rise ever recorded in bank repossessions by RealtyTrac. More than 123,000 homes went back to the bank in just three months.





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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

October Is the Best Month to Buy a Home | Money.com

“On average, October buyers get a 2.6% discount below estimated market value,” says Daren Blomquist, RealtyTrac vice president. “It’s that middle month between the summer selling season and the holidays [when] people are trying to squeeze in a purchase or a sale.”





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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate