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Schmidt Mortgage Company Blog

7 Tips to Get Your Home Ready for Summer

As the weather heats up, our thoughts turn to fun in the sun, backyard barbecues, and peaceful nights on the patio. Make sure your home is ready for the summer weather by completing these seven summer maintenance tasks. Give the AC unit a tune-up. Just as you would for your furnace in the winter, you’ll want to have your air conditioning unit checked over by a professional before you really need it! Be sure to change your air filter as well. Get ready for outdoor living. Haul out your patio furniture from storage and clean and repair as necessary. Consider whether you

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NAR predicts higher home sales, prices as 2018 continues

Economic strength, wage growth and more opportunities for jobs are expected to help boost the number of home sales and increase home prices in 2018. However, low inventory and weakening affordability is likely to keep these figures from accelerating rapidly. Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) presented his 2018 midyear forecast at the 2018 REALTORS® Legislative Meeting and Trade Expo recently, stating that a moderate, multiyear increase in home sales and home prices is most likely in our future. After jumping 3.8 percent in 2016, existing home sales only gained 1.1 percent to 5.5 million

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Mortgage rates reach highest levels in seven years

Investors Concerned by ECB, Economic Data on Target Overview: Over the past week, mortgage rates reached their highest levels in seven years, mainly due to comments by a European Central Bank (ECB) official. The major U.S. economic data came in close to expectations and caused little reaction. On Monday, comments from an ECB official were viewed by investors as a little more hawkish than expected, meaning in favor of a faster pace of rate hikes. François Villeroy de Galhau, the governor of the Bank of France, said that the ECB might soon provide guidance about the timing of its first

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Akron

1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
Branch Information

Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
Branch Information

Willoughby

35104 Euclid Ave.
Suite 202
Willoughby, OH 44094
Phone: (440) 953-0447
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