The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

Federal reserve's change to policy

Federal reserve’s change to policy

By Scott Sheldon / June 19, 2022

Here is what the federal reserve’s change to monetary policy on June 15th, 2022, means for mortgage rates. If you’re buying or refinancing a home the information in this article is for you. The Federal Reserve increased interest rates on June 15th by 75 basis points. This is to curb surging inflation and tame what…

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Does the Federal Reserve make mortgage rates go up or down?

Does the Federal Reserve make mortgage rates go up or down?

By Scott Sheldon / March 20, 2022

It’s no secret unless you’ve been living under a rock, that the Federal Reserve almost for certain is going to raise interest rates in March of 2022. The question then becomes if the Fed raises rates, what happens with mortgage rates? Well, the answer just might surprise you. Most people think when the Federal Reserve…

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Should you refinance during rising rates?

Should you refinance during rising rates?

By Scott Sheldon / March 14, 2022

If you’re thinking about refinancing your house and you’ve been on the fence; now would be a good time to start that application. Interest rates are all relative so it’s important to understand the total picture when deciding whether you should refinance your property.   It’s no surprise that the federal reserve more than likely…

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New Fannie Mae rule for using social security income to get a mortgage

Federal reserve hikes interest rates

By Scott Sheldon / January 30, 2022

Probably the biggest misnomer in mortgage finance is what consumers’ interest rates do when the Federal Reserve hikes interest rates up. The Federal Reserve is trying to control and stimulate the economy or slow down the economy based on economic conditions. What they do or don’t do, does influence mortgage rates. But it is not…

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