Different Views On Real Estate Today

Latest News In Real Estate

Sherry Fields Real Estate News

BofA Profit Increases 63% in Q2; Mortgage Banking Income Falls

According to its quarterly earnings report, BofA pulled in approximately $4.0 billion in Q2, an increase of 63 percent over the $2.5 billion recorded for Q2 2012. Last quarter’s results “were driven by year-over-year improvements in net interest income, investment and brokerage income, investment banking fees, sales and trading revenue, equity investment income and credit quality as well as expense reductions,” the bank said. » Read More


What History Says About Rising Rates and Their Relationship to Housing

With the sudden jump in mortgage rates, market spectators are wondering what the impact might be on the housing recovery. AfterSherry Fields Real Estate News Home-Mortgage-Rates analyzing previous instances when mortgage rates increased significantly, Mark Palim, VP of Fannie Mae’s Economic and Strategic Research Group, determined history suggests rate increases won’t stop the current recovery. Instead, a rapid rise in rates is “more likely to contribute to a decrease in home purchase volume and an increase in the market share of adjustable-rate mortgages (ARMs),” wrote Palim in a recent commentary. » Read More

Sherry Fields Real Estate News - Schedule

Bernanke Stresses Asset Purchases Not on Set Schedule

The Federal Reserve will continue its current policy of buying up $40 billion in agency mortgage-backed securities (MBS) and $45 billion in Treasuries per month as long as economic conditions warrant such measures, explained Federal Reserve Chairman Ben Bernanke during a testimony given Wednesday before the House of Representatives Committee on Financial Services. “I emphasize that, because our asset purchases depend on economic and financial developments, they are by no means on a preset course,” Bernanke said. » Read More

About the author

Sherry Fields Sherry Fields has been working in real estate since 2002. Working with the development team for the Hilton Garden Inn gave her strategic information on the commercial real estate market in Missoula. Broadening her scope she moved into the residential market and earned the designation SFR in short sales and foreclosures. Currently affiliated with Prudential Montana Real Estate, she works with both buyers and sellers "building relationships so you can buy & sell with confidence". Sherry Fields has recently earned the CREN designation - Certified Real Estate Negotiator. While price is a large part of negotiation - it is also about timing everything from the closing date to inspections, appraisals, home insurance - and it is about negotiating items that can show up in home inspections to achieve a mutually acceptable outcome.

Leave a Reply