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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. 

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