Stephanie Larsen@stephylarsen

Single mom of 2. Realtor. Property Manager. Remodels. Interior Decorator. Organizer. We may not have it all together, but together we have it all....


Fed: Rates Increased for Second Time This Year ➡️ As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and economic conditions. “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation,” according to a Fed statement. “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,” the statement continued. “The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions and inflation near the Committee’s symmetric 2 percent objective over the medium term.” Indicators point to a healthy market with a declining unemployment rate and strong job gains. “Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to 2 percent. Indicators of longer-term inflation expectations are little changed, on balance,” according to a Fed statement.

The impact on mortgage rates? The cost of borrowing may continue to rise from the current average of 4.54 percent for a 30-year fixed rate mortgage, which dipped for the second consecutive week according to Freddie Mac—a short-term departure from the recent string of increases and which led to a 4 percent increase in purchase applications. “We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of intere




I suspect it’s hard to love a REALTOR®️. We get up early and don’t have time to drink coffee over the newspaper or engage in small talk.

We come home late and are often too tired to cook.

We work extra because we know there are families who need us.

We don’t get too excited over a minor crisis because we deal with several all day; we have seen far worse.

We don’t want to talk when we come home; we have talked all day.

We don’t want to move when we come home; we have moved all day.

It may seem that we’ve left all our caring, our heart, and our love at work, then come home to you empty. We probably have.

But we don’t tell you that many times at work we are overwhelmed and overtasked… and often scared… … scared we are missing something. Scared we will let our clients down or leave some items unfinished. Scared to go into homes with people we have literally just met.

We have to deal with lockboxes that won’t open, showings with poor showing instructions, Cujo sitting on the sofa when the listing states “no pets”, with angry clients, other agents, title and loan officers, and all the while do our best to help them.

We don’t tell you how the chaos affects us, and how stressed we are with the bajillion things we go through in a day.

I suspect it’s hard to love a REALTOR®️, but know this:

Your REALTOR®️ needs your love. Needs your understanding. Needs to be taken care of. Needs to know that you “get it”. Needs you to do the hardest work you may ever do, which is to love your REALTOR®️. Thank you to those out there who love us and let us do this work. This calling. This life of a REALTOR®️.