Markets in a Minute – Home prices move up despite higher rates
For the Week Ending August 25, 2023 THE ECONOMY HOUSING NEWS THE LAST WORD “The bad news is time flies. The good news is you’re the pilot.”Michael Altshuler
Consumer Credit Card Debt
We are constantly researching economic conditions to find information that could be valuable for you. Being an Informed Lender means being committed to thoroughly educating our clients. The topic of …
FICO 2 vs FICO 8
Mortgage lenders may choose to use the FICO 2 scoring model instead of FICO 8 for several reasons. Firstly, FICO 2 is specifically tailored for the mortgage industry, making it …
Marry the House. Date the Rate.
Your mortgage interest rate is not a lifelong commitment because it’s subject to change based on market conditions and your financial circumstances. When you close on your home, you secure …
Melting in the Heat Wave of Housing Market and Economic News
Happy last week of July! As the scorching summer sun beats down upon us, it seems the housing market is not the only thing feeling the heat! Let’s take a …
APR and Teaser Rates
The Annualized Percentage Rate (APR) includes both the interest rate and various loan costs, such as closing costs and other expenses. For instance, if a borrower secures a 6% interest …
Riding the Economic Wave: Navigating Inflation, Employment, and Real Estate Ups and Downs
Welcome aboard the continued wild ride of economic updates! Grab your Cheetos and get ready to laugh and learn your way through the latest news on inflation, jobs, and real …
What are Discount Points?
Today I want to talk to you a little bit about loan discount points. A loan discount point in mortgages is going to be roughly 1% of the amount that …
The Twists and Turns of the Housing Market
A Tale of Rising Rates and Shrinking Inventory Picture this: It’s the start of the pandemic and the Federal Reserve steps onto the stage, making a bold move to slash …
Navigating the Impact of a Mortgage Application on Your Credit
Applying for a mortgage can feel like embarking on an exciting adventure, a journey toward your very own home. But like any epic trek, there are questions to be answered …
