28 May 2024
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – May 28th, 2024

Financial Reports, ,
The Consumer Sentiment Report was the sole important report to take place the prior week, keeping with the trend of the cooling-off period that happens the weeks following the CPI and PPI data releases. Consumer sentiment this time around has come to be slightly below expectations and falling to a 6-month low, marking a great change in overall sentiment towards the clear trend in rising costs in goods and services. It is largely expected that the Federal Reserve, even with the recent improvement in data, will maintain its stance at holding rates at the current position until a later date…
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28 May 2024
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – May 28th, 2024

Financial Reports, ,
The Consumer Sentiment Report was the sole important report to take place the prior week, keeping with the trend of the cooling-off period that happens the weeks following the CPI and PPI data releases. Consumer sentiment this time around has come to be slightly below expectations and falling to a 6-month low, marking a great change in overall sentiment towards the clear trend in rising costs in goods and services. It is largely expected that the Federal Reserve, even with the recent improvement in data, will maintain its stance at holding rates at the current position until a later date…
Read More
28 May 2024
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – May 28th, 2024

Financial Reports, ,
The Consumer Sentiment Report was the sole important report to take place the prior week, keeping with the trend of the cooling-off period that happens the weeks following the CPI and PPI data releases. Consumer sentiment this time around has come to be slightly below expectations and falling to a 6-month low, marking a great change in overall sentiment towards the clear trend in rising costs in goods and services. It is largely expected that the Federal Reserve, even with the recent improvement in data, will maintain its stance at holding rates at the current position until a later date…
Read More
24 May 2024
By 24hr Mortgage

Understanding the Differences Between Construction Loans and Mortgages

Home Mortgages, ,
Construction loans and mortgages are two important tools in the world of real estate financing. They each have specific purposes and come with their own set of rules and requirements. These differences cater to various needs when it comes to buying or building properties. Construction Loan: A construction loan is specifically designed to finance the construction of a new property or significant renovations to an existing property. These loans typically have short terms and are used to cover the costs of labor, materials, and other expenses associated with building or renovating a property. Mortgage: A mortgage, on the other hand,…
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23 May 2024
By 24hr Mortgage

Making Mortgage Decisions: Online Lenders vs. Traditional Banks

Mortgage Application, ,
The options for securing a mortgage have expanded beyond the brick-and-mortar banks to include online lenders. With this diversity comes a crucial decision for homebuyers: should you opt for the convenience of online lenders or stick with the familiarity of traditional banks? Let's explore the pros and cons of both options to help you make an informed decision. Online Mortgage Lenders Pros: Convenience: One of the most significant advantages of online mortgage lenders is the convenience they offer. You can apply for a mortgage from the comfort of your home, without the need to visit a physical branch. This is…
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22 May 2024
By 24hr Mortgage

Things You Should Understand About Private Mortgage Insurance

Mortgage Tips, ,
Private Mortgage Insurance (PMI) is a sizable expense during the process of buying a home that many overlook until it impacts their financial decisions. Understanding PMI, its purpose, and strategies to manage or eliminate it can save you thousands of dollars over the life of your mortgage. What is PMI? PMI is a type of insurance that protects lenders in case the borrower defaults on their mortgage payments. It's typically required when the borrower's down payment is less than 20% of the home's purchase price. This insurance doesn't benefit the homeowner directly but allows lenders to offer mortgages with lower…
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