Prime Time for Home Buyers – Notes from Tracy Shaw of Prestige Capital Memorial Day weekend is coming up soon, which kicks off the summer real estate season! Many prospective homebuyers will take advantage of this three-day weekend to explore open houses and view listings. Here are a few tips to enhance the house-hunting adventure.…
SBA 504 Commercial Real Estate Financing Update from Prestige Capital SBA 504 fixed rates are currently as low as 5.95% with terms up to 25 years.* This program may be ideal for businesses looking to: • Purchase owner-occupied commercial property• Replace rising lease payments with ownership• Preserve working capital with lower down payment options• Secure…
Fed Holds Rates Steady Amid Split Decision – Info from Prestige Capital The Federal Reserve held the benchmark interest rate at their current range of 3.5% to 3.75% in a split decision last week. This caused a sell-off in the bond market, forcing yields higher. This, in turn, caused an uptick in mortgage interest rates,…
FHFA Implements Long-Awaited Credit Score Modernization- Info from Tracy Shaw at Prestige Capital It’s been years in the making – but finally – as of April 22, 2026, Fannie Mae, Freddie Mac, and FHA will allow lenders to use VantageScore® 4.0 to determine credit worthiness in mortgage applications. According to the Federal Housing Finance Agency…
ADUs Offer Perks to Homeowners – Tips from Prestige Capital Accessory Dwelling Units (ADUs) have become increasingly popular nationwide in recent years, offering affordable housing solutions for many Americans. An ADU is a smaller, self-contained structure on the same property as the primary residence, with full living, kitchen, and sanitation facilities. This can be attached…
Spring Home Buying Tips from Prestige Capital Spring is typically the busiest season for real estate sales. This year, the market has shifted to favor buyers, giving them more negotiating power. Here are a few tips to make the home buying process easier! Get Full Pre-Approval There’s no doubt about it, getting full pre-approval from…
Mortgage Rate Updates from Tracy Shaw of Prestige Capital It’s no surprise that the Federal Open Market Committee (FOMC) did not lower the benchmark interest rate in their March meeting last week. The target rate has remained at a range of 3.50% to 3.75% since December 2025. For the most part, economists expect no aggressive…
Spring Outdoor Home Maintenance Tips from Prestige Capital Spring is right around the corner, and it is a great time to prepare a home maintenance check list. Here are some ideas to get ready for the season. Check your roof, gutters, and downspouts Inspect the exterior structure for damaged siding, trim, brick, or stucco Check…
Fed Announces No Rate Changes – Info from Prestige Capital The Federal Reserve held the benchmark interest rate at 3.5% and 3.75% in their meeting last week. While Fed decisions do not have a direct effect on long-term mortgage rates, borrowing costs for home loans often mirror fed fund rate trends. Financial experts don’t expect…
Buy Now or Wait and Save? Tips from Tracy Shaw of Prestige Capital Interest rates have stabilized, down to the lowest rates we’ve seen since February 2023. Still, many potential buyers are asking, “Is now a good time to buy a home?” Why Buy Now? If you’re in a good financial position to buy a…