Fed holds interest rates steady and March cuts are unlikely

… are going to have to wait a little longer for interest rate cuts The Federal Reserve concluded its January meeting yesterday and left interest rates untouched opting to maintain the federal funds target … funds rate means the cost of borrowing for mortgages and home equity lines of credit are the highest in more than a …

By Jennifer White Karp |February 1, 2024 - 12:30PM
Here's why it's so hard to get condo questionnaires filled out by management companies

… As a New York City condo or coop buyer seeking a conforming loan or owner looking to … tug of war over a document called a condo questionnaire This is a list of questions that mortgage lenders use to … want to know the last 10 years of maintenance increases or why a building with a $3 million budget was $30000 over The …

By Jennifer White Karp |August 17, 2023 - 4:00PM
How does a debt-to-income ratio affect your mortgage rate?

… incomeis one of several factors that impact your mortgage rate our experts say Your debttoincome ratio DTI determines … score your down payment whether youre buying a condo second home or investment property and whether the mortgage is a … access to a loan with a better rate Leibowitz says … How to improve your DTI … One of the best ways to improve your DTI …

By Emily Myers |May 30, 2023 - 10:00AM