How Does the September Fed Rate Increase Impact Mortgages?

Post This is an updated version of our article How Does the Fed Rate Increase Affect Mortgages? Originally published in May 2022. In August, the Bureau of Labor Statistics reported that the Consumer Price Index measured year-over-year inflation at 8.3%. The…

Post Inflation has been in the news and on the minds of just about everyone throughout the past year. Now there’s a new concern emerging – the possibility of a recession. For some, the term recession evokes concern. You may be…

Post First Heritage Mortgage Opens Second Branch in Charlottesville, Virginia New Downtown Mall Office Opens to Better Serve Growing Needs of Customers in the Charlottesville Region FAIRFAX, Va. – First Heritage Mortgage, LLC (FHM), a leading independent mortgage lender, has announced…

Post FAIRFAX, Va. – First Heritage Mortgage (FHM) was named one of The Washington Post’s 2022 Top Workplaces in the Washington, D.C. area. The Washington Post bases its rankings on employee surveys gathered through an anonymous third-party survey that measures several…

Post At the end of April, the Bureau of Labor Statistics reported that the Consumer Price Index measured year-over-year inflation at 8.5%. The Consumer Price Index is a calculation that tracks how much the average cost of consumer items changes over…

Post CHARLESTON, S.C. – First Heritage Mortgage, LLC (FHM) today announced that it has appointed Otway Wallace to the role of Executive Vice President, Southeast Regional Manager. With extensive mortgage industry experience spanning more than three decades, Wallace brings valuable leadership…

Post Every year on Earth Day, most of the planet takes a moment to reflect on our shared ecosystem and what we can do to improve it. It’s also known for being a day of action. There are plenty of ways…

Post Earlier this month, Federal Reserve officials increased the federal funds rate by 0.25 percent, marking their first rate hike since 2018. You might be wondering why they would do this amid high inflation and rising gas prices. Increasing interest rates…

Post First Heritage Mortgage Opens New Branch in Tampa, Florida TAMPA, Fla. ­­– First Heritage Mortgage continues to grow its lending footprint in Florida with a new office in Tampa (Branch NMLS ID #2319109). The Florida market is part of FHM’s…

Post First Heritage Mortgage Named one of the Best Mortgage Companies to Work For in National Ranking 4 Years Running FHM has been recognized in the National Mortgage News list each year since it started the program. FAIRFAX, Va. — First…