Understanding Yield and the Effects of Rising Interest RatesThink of yield as the return provided by a fixed income investment. The yield of a bond is based on both the purchase price of the bond and the interest (or coupon) payments received each year. Yield is often the term used to describe long-term interest rates.
Bond Purchase Price.
Why Rising Interest Rates (and Yields) Push... read more.
Sales in Rocky in October slowed slightly compared to September, which is typical for this time of year. The number of active listings is down again, but still higher than the numbers we saw at this time last year. The 7.3% sales to listing ratio means buyers are still in the driver's seat with ample choices and competitive prices. Without question, this is the perfect time to buy, assuming we hav... read more.
- Save as early as you can: Even if you think you’re years away from buying your first home, try to start saving for your down payment. It makes a huge difference in your monthly payments, and... read more.
Have you recently considered selling your Rocky Mountain House home or taking out an additional mortgage? If so, you already know that there is quite a lot of paperwork required and you may be feeling a little overwhelmed.
One of the first things your bank will require before the sale of a home can be finalized or the mortgage funds released, is a Real Property Report (RPR) and a Compliance Certifi... read more.