First Federal Bank Blog

If you’re planning to buy a homethis year, there’s one expense you can’t afford to overlook: closing costs.

Buying or selling a home often raises a lot of questions, especially when it comes to escrow. If you are new to the process, it can feel a little overwhelming.

At First Federal Bank, we want you to feel confident every step of the way. That is why we have put together answers to the five most common escrow questions we hear from customers.

Want to know something important that most people rarely get professionally checked?  Spoiler alert: it may be the value of your home.

Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why.

If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it. 

If your house is on the market but you haven’t gotten any offers you’re comfortable with, you may be wondering: what do I do if it doesn’t sell? And for a growing number of homeowners, that’s turning into a new dilemma: should I just rent it instead?

If you tried to buy a home a few years ago, you probably still remember the frenzy. Homes were listed one day and gone the next. Sometimes it only took hours. You had to drop everything to go and see the house, and if you hesitated even slightly, someone else swooped in and bought it – sometimes even sight unseen.

Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%).

Are you wondering if you’re on track to retire someday?