Mid America Mortgage Blog

Americans More Confident Than Ever About the Housing Market

By Jason R. Richardson on June 14, 2018 / Home Buying, Home Sales, Market Perspective

Americans feel increasingly positive about job security, household income,and the future of the housing market. New construction can bring much-needed relief to a tight housing market, but skilled laborers are hard to come by. As demand for new construction continues to pick up, builders are raising wages to attract qualified workers. Construction Job Openings and Wage Growth2 Job Openings in April3 Home Sales Fell Slightly in April Purchase Loans Climb to Highest Levels Since 20146 Are inventory shortages holding you back from buying a home? A renovation or new construction loan could help solve the problem. Contact us to discuss

Inflation Rising, Fed Hikes Rates

By Jason R. Richardson on June 13, 2018 / Economic Observer, Mortgage Rates

Inflation Rising; Fed Hikes Rates Overview: With little major news, mortgage markets were relatively quiet ahead of Wednesday’s Federal Reserve meeting. The Fed’s comments were viewed as mildly negative for mortgage rates, and rates ended the week slightly higher. As expected, the Fed raised the federal funds rate by 25 basis points. The statement released after the conclusion of the meeting was more hawkish than expected, meaning in favor of tighter monetary policy. According to the statement, officials project that further gradual rate hikes will be needed due to “sustained expansion of economic activity, strong labor market conditions,” and inflation, which

Why buy a home? 🏡

By Jason R. Richardson on June 12, 2018 / Buying a Home, Homeownership

June is National Homeownership Month, so we’re celebrating all the wonderful things that come with being a homeowner! There’s a lot of information out there that explains the benefits of buying a home — but don’t just take it from the experts. We wanted you to hear from real-life homeowners about the perks of owning, so we surveyed nearly 80 homeowners across the country. Here’s what they have to say about the benefits of owning a home. “[It’s] part of the American Dream — the ability to make decisions about my home without the need for prior approval from a