Please Vote For Us in the 2018 Readers' Choice Daily Herald
The Diamond Residential Mortgage Libertyville and The Jan Leasure Team are honored to announce that we have been nominated by the 2018 Readers' Choice Daily Herald Awards. In order to vote for us, visit the website here.
Scroll down to “Shopping & Services”.
Click on "Shopping and Services" in the blue box.
Scroll down to “Best Mortgage Lender”.
Then type in: "Diamond Residential Mortgage Corporation North Milwaukee”. Libertyville should pop up. Choose that option.
Submit your email.
You can vote for many different categories AND you can vote once each day!
Voting ends February 24th, 2018.
On April 29th we will find out if we are in the top five and then….. there will be more voting! In the meantime, if you have any real estate or mortgage questions, remember, you can always give us a call. We would be happy to help you!
Happy New Year! We hope 2018 is your best year yet.
Happy New Year! We want to take a minute to thank our wonderful friends, clients, and family members who worked with us or helped us this past year.
Thank you so much for your trust in us here at Diamond Residential Mortgage- Libertyville. Jan has been serving mortgage clients for over 20 years now, and we are just very thankful for all of your support.
We hope you have a wonderful and fabulous 2018. Make it your best year yet!
Make 2018 your best year yet!
If you have any real estate or mortgage questions, remember, you can always give us a call. We would be happy to help you!
The Fed’s announcement to cut back its balance sheet means the longer you wait to buy or sell a home, the harder it might be for you.
The Federal Reserve just announced a move that will have a big impact on both home buyers and sellers.
At the latest Fed meeting on September 20th, Fed Chair Janet Yellen announced that the Fed would start to cut back its balance sheet. While that might sound boring compared to the usual announcements of Fed rate hikes, it's actually a very big deal.
You see, when the financial crisis hit 10 years ago, the Fed needed to take emergency measures, so it injected a huge amount of money into the economy. The Fed did this by buying up various financial assets totaling $3.5 trillion, an enormous sum that made up almost 25% of the entire U.S. economy at the time.
This money helped stabilize various markets and get the economy back on track. However, the Fed is confident that the economy is now doing well enough for it to slowly start taking some of that money back. And that's exactly what this announcement was all about.
As you can imagine, this is going to have a massive impact throughout the economy, including on real estate. According to experts, it will inevitably put upward pressure on consumer borrowing costs, such as mortgage rates, which have stayed fairly low in spite of the Fed's actions so far.
In other words, if you are thinking of buying a home, the Fed's most recent move will eventually make it more expensive for you to do so because you will be paying more in interest. If you are looking to sell your home, this might mean there will be fewer interested buyers, which might drive prices down and might make it harder to sell.
Now, this won't happen immediately, because the Fed's balance sheet rollback will be gradual. As a matter of fact, the Fed is only reducing its balance sheet by a mere $10 billion a month to start with.
But make no mistake, while the Fed's moves will take time to bear fruit, they will drive up interest rates, particularly as the Fed ramps this process up in the coming months.
That's why if you've been thinking of getting into the real estate market, now is such a crucial time.
If you have any questions, whether about buying or selling your home, or about the details of the Fed's announcement and what they mean for you, give me a call. I'm here to help.
