Do Short-Term Rates Influence Mortgage Rates?


Interest rates are on the rise, and today we’ll be getting to the bottom of why this is taking place and why it matters to you.

Many people are wondering what’s going on with interest rates today. To help answer this, I recently sat down with Eric Almquist of Benchmark Mortgage to discuss this critical subject.

According to Eric, it’s been some time since we’ve seen conditions like those we’re seeing now. The Federal Reserve, which meets once every six weeks, is currently in a tightening cycle. Recently, they’ve been making adjustments to short-term rates with the intention of suppressing potential future inflation.

However, while it is true that short-term rates are set to rise once more before the end of 2018, this does not mean that mortgage rates will be directly impacted.

So though increases in short-term rates may ultimately lead to a slow increase of long-term rates, this is more of a correlative happening than a causal one. All it truly indicates is that our market is beginning to balance out. In fact, an increase of mortgage rates is generally the result of another positive shift—like the drop in unemployment.

In short, everything in our market is connected. Also, rates today are still historically low. This means it’s still a great time to buy. All of these conditions are both relative and cyclical.

If you have any other questions or would like more information from Eric, feel free to reach out to him at (402) 933-1141 or send him an email at eric.almquist@benchmark.us.

And, as always, if you have anything you’d like to ask me or my team about, please give us a call or send us an email. We look forward to hearing from you soon.

Know anyone who's interested in building a home? 
If you have any friends, family, or co-workers who are looking to own their first or second home - would you forward this message to them? We'll be happy to show them our eight new construction home plans along with the benefits of owning a Charleston Home so they can make a decision that's right for them.

Consider Arbor View or Falcon Pointe for Your New Home


Charleston Homes has new lots available. Could one of them be for your future home?

We are excited to announce that we have two new developments opening up for lot reservations. Our existing Arbor View neighborhood in Elkhorn is opening lots for phase III and the brand-new Falcon Pointe will be taking lot reservations for its development near 48th and Capehart. This new location in Bellevue will offer affordable lots with many villas available. Stop by our models in Elkhorn or Gretna to get a better look at a plat map or learn more about these new areas. To learn more about the developments, watch our latest video. 

Know anyone who's interested in building a home? 
If you have any friends, family, or co-workers who are looking to own their first or second home - would you forward this message to them? We'll be happy to show them our eight new construction home plans along with the benefits of owning a Charleston Home so they can make a decision that's right for them.

Quick and Simple Driveway Maintenance Tips


Winter may seem far off, but now is the perfect time to protect your driveway against the damage that comes with those cold, upcoming months.

Winter may seem like it’s a long way away, but now is the time to start preparing your home for the harsh months ahead. Today we’ll be specifically discussing the importance of maintaining your driveway, which can see a lot of damage during cold conditions. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific points at your leisure: 0:15 - Why driveway maintenance matters. 0:30 - Which tools you will need. 1:55 - Which steps to take first. 2:44 - A demonstration and explanation of how to use a reciprocating saw and caulking gun. 4:45 - How to use dry play sand over caulked joints. 5:20 - How, why, and where to apply concrete sealer. 8:40 - Driveway maintenance tips to follow once winter arrives. If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

Know anyone who's interested in building a home? 
If you have any friends, family, or co-workers who are looking to own their first or second home - would you forward this message to them? We'll be happy to show them our eight new construction home plans along with the benefits of owning a Charleston Home so they can make a decision that's right for them.