Richard Monoson

NMLS # 909109

DRMONOSON@GMAIL.COM

Richard Monoson

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Fed expected to raise rates today: 4 things to know!

Fed expected to raise rates today: 4 things to know!

 Fed leaders end a two-day meeting in Washington and investors believe there's a 95% chance of a rate hike.Here's what you need to know: 1. Mortgage rates aren't going up immediately. In the past, when the Fed raised rates, it tended to cause interest rat

Jun 14, 2017 |

Debt-to-Income Explained: Use Your DTI to Find The Perfect Home

Debt-to-Income Explained: Use Your DTI to Find The Perfect Home

 After some serious thought, you’ve made the decision to end your stint as a renter and enter the wonderful world of homeownership. You can’t wait to hand over that last rent check as you scour Pinterest for living room décor ideas, but you’ve got a lot t

May 23, 2017 |

Your Down Payment: How Much Is Really Enough?

Your Down Payment: How Much Is Really Enough?

 So you’re tired of weird Craigslist roommates, stark white walls, and upstairs neighbors who insist on wearing shoes in the apartment. After years of funding your landlord’s vacations, you’re ready to start putting money toward your own investment. That

May 19, 2017 |

Builder Confidence Highest Since December

Builder Confidence Highest Since December

Builder confidence just hit its highest level since December, reaching the second highest level since well before the housing crisis began.  The National Association of Home Builders (NAHB) said its Housing Market Index, which it produces in conjunction w

May 16, 2017 |

How Low Interest Rates Increase Your Purchasing Power!

How Low Interest Rates Increase Your Purchasing Power!

 According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history! The interest rate you secure when buying a home not only g

May 15, 2017 |

Housing Affordability Ticked up in First Quarter!

Housing Affordability Ticked up in First Quarter!

Rising wages helped to boost housing affordability in the first quarter, even as interest rates rose.  The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Opportunity Index indicates that 60.3 percent of new and existing hom

May 15, 2017 |