Steve Keefe Blog

Wire Fraud Scam Alert!

Posted by Steve Keefe on December 18, 2015 in  Broker Advice  Real Estate
DEAR COLDWELL BANKER® BROKER/OWNER,  Earlier this year, we communicated to you about wire fraud scams affecting real estate brokers, their agents and their customers. Given the ongoing risks of wire fraud and email hacking, we wanted to reiterate the alert to our franchise network about this scam so that you can take measures to protect your company, independent agents and their clients.We strongly recommend that real estate agents, their clients and all those in communication about a home ... read more

My take on the recent Fed decision to raise rates.

Posted by Steve Keefe on December 17, 2015 in  Real Estate
For the last 7 years the Federal Reserve has kept interest rates at historical lows... Wednesday in a much anticipated move, they brought an end to that cycle by increasing the benchmark short term rate by 1/4%.It appears the Fed will continue to gradually tighten rates over the next year.  Its likely mortgage rates will inch up slightly... which in my opinion will not stall the current housing recovery. The Fed controls rates that banks use to borrow money... a move in those rates is not directly ti... read more