Diane Gerdes

No Pay Stub? No Problem.

Unconventional Mortgages Make a Comeback …a flavor of mortgage once panned for its role in the housing meltdown a decade ago is making a comeback. These loans, aimed at buyers with unusual circumstances such as those who can’t provide the standard proofs of income, are growing rapidly even as rising interest rates and higher home prices crimp demand for mortgages.

Phoenix among top housing markets to watch in 2019

By Tim Gallen  – Digital Editor, Phoenix Business Journal Nov 29, 2018, 9:00am EST Phoenix will be one of the top housing markets to watch in 2019, according to a report from real estate website Trulia. The analysis, released Thursday, highlights the 10 markets poised for growth in the coming year. Phoenix ranks No. 7 on the list, just behind Fresno, California and

Why is the FED messing with our interest rates?

The FED or Federal Reserve became a thing in 1913 to set the nation’s monetary policy, maintain the stability of the financial system and provide financial services to banks, the U.S. government and foreign official institutions. The FED is our economic babysitter. For instance, the FED lowered the FED rate to almost zero during the great recession.This allowed money to flow cheaply