The Outlook Remains Uncertain
Markets are reacting and overreacting to social posts and headlines meaning the Outlook Remains Uncertain. The Longer Term Consensus is building that the economy will Fall Into a Recession however this is only being driven by speculation. Lower Rates will occur later this year should a Recession occur and in the meantime volatility in rates will continue. The 10yr Treasury Bonds (aka US Debt) are…
Read MoreUnderstanding Mortgage Points
When delving into the complex realm of home buying, new homeowners are often confronted with numerous terms that might initially seem daunting. One such term is “mortgage points.” These points can significantly reduce your mortgage expenses over its duration, making them a key concept for potential homebuyers. This guide will unravel what mortgage points are,…
Read MoreBuying a Home with Less Than Perfect Credit: Steps and Solutions
Purchasing a home with less-than-perfect credit may seem daunting, but it’s a dream you can achieve with the right approach. Even if your credit score is not ideal, various strategies and resources can help you successfully navigate the home-buying process. With determination and strategic planning, you can find yourself unlocking the door to your new…
Read MoreExploring Low Down Payment Mortgage Options: Your Gateway to Homeownership
In the current dynamic real estate market, exploring low down payment mortgage options has become increasingly important for aspiring homeowners. The challenge of securing a substantial down payment often deters potential buyers, but the availability of low down payment mortgage options has made homeownership more achievable. Whether you’re a first-time buyer or returning to the…
Read MoreWhen do packages need to be mailed for Christmas delivery 2024?
Shipping deadlines will vary by the carrier and service, but most carrier deadlines range from six to 12 days before December 25th. It’s also important to note that domestic and international services each have their own set of shipping deadlines, so keep this in mind when preparing your holiday shipments. The domestic shipping deadlines for…
Read MoreHigher Rates Are Here For Now
Wholesale Inflation is AS EXPECTED and INFLATION data continues to give an indication of another Fed Rate Cute in December (at the moment). Unemployment Applications squeaked LOWER so there’s certainly NO JOB Market Weakness. People are MAKING more though the cost of living (Rents, Housing, Groceries) has outpaced the real wage gains. Until there are…
Read MoreCautiously Float
The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward since our last posting have gone up significantly starting with the 10/7/2024 Jobs Report for September 2024 when our last base rate was 5.25% According to the Bureau of Labor Statistics (BLS), the U.S. economy added 254,000 jobs in September 2024,…
Read MoreAs of 9/13/2024 – Base Rates Continue to Improve
The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward since our last posting. Since 8/19/2024 our BASE RATES have dropped 0.25% to 0.375%. Our current BASE RATES are beginning to dip BELOW 5.00% for FHA/VA, and CONVENTIONAL and the 15 year term … This trend will continue based on the…
Read MoreAs of 8/19/2024 – Base Rates Continue to Improve
The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward. The current talk on the street is that the Federal Reserve will be looking to lower the overnight rate charged to banks 0.25% in September and the big question is whether or not there will be 3 or 4 reductions in…
Read MoreAs of 8/12/2024 – Base Rates Continue to Improve
The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward based on last week’s lower than expected Jobs Reports and higher than expected unemployment figures. With this the current talk on the street is that the Federal Reserve will be looking to lower the overnight rate charged to banks 0.25%…
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