<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1955936548054264&amp;ev=PageView&amp;noscript=1">
All Posts

Alternative Credit: Providing a Pathway to Homeownership

For more than 100 consecutive months, the U.S. economy has continued to grow, and the economic outlook for the remainder of 2018 remains positive.

A key contributor to this period of sustained growth has been interest rates, which, over the past decade, have remained at historic lows. Only as recently as 2015 has the mortgage industry seen rates start to creep upwards, as the Federal Open Market Committee pushes the Federal Funds Rate higher.

This is likely a move by the Fed to not only mitigate inflation, but also provide flexibility for when the next economic downturn occurs – flexibility that other countries (like Japan, Sweden and Denmark, which are currently utilizing negative interest rates) will not have available if and when a correction occurs.

Click here to read the full article issued by MortgageOrb from Tom Gillen, Senior Vice President of Capital Markets at Churchill Mortgage. 

Related Posts

Everything You Need to Know About Your Loan Estimate

  When shopping for a home loan, the Loan Estimate is one of the most important documents you can get thr...
Churchill Mortgage Jul 31, 2019 2:16:08 PM

Are You Overestimating Your Down Payment When Buying a Home?

Housing affordability remains to be a hot topic as more as more new home buyers enter the market looking ...
Churchill Mortgage Jul 16, 2019 9:10:50 AM

The Essential Summer Home Maintenance Checklist

  Each season brings different to-do lists for home maintenance. With summertime now in full force, it me...
Churchill Mortgage Jul 5, 2019 10:08:48 AM