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Blog Page May 23, 2023

Blog Page May 23, 2023

Sales of existing homes and construction of single-family homes eased in April, while Fed Chair Jerome Powell’s comments caused volatility in the markets. Here are the most crucial headlines: Existing Home Sales Edge Lower Builder Confidence Weakens But

May 23, 2022 |

Freddie Mac Rate 5.25% 5/19/2022

Freddie Mac Rate 5.25% 5/19/2022

Mortgage Rates Decrease Slightly May 19, 2022 Economic uncertainty is causing mortgage rate volatility. As a result, purchase demand is waning, and homebuilder sentiment has dropped to the lowest level in nearly two years. Builders are also dealing with

May 19, 2022 |

Blog May 16, 2022

Blog May 16, 2022

Inflation remains hot on both the consumer and wholesale levels. Here are the key stories to note: Consumer Inflation Near 40-year Highs Wholesale Inflation Remains Elevated Initial Jobless Claims Rise for Second Straight Week Small Business Expectations

May 16, 2022 |

A case for Adjustable Rate Mortgages (ARMS)

A case for Adjustable Rate Mortgages (ARMS)

 Adjustable Rate Mortgages (ARM’s) With the recent increase in rates ARM’s have recently become a more popular way to finance a new home purchase.  See Chart below found on Freddie Mac’s   Webesite:https://www.freddiemac.com/pmms     Before the run up i

May 11, 2022 |

Weekly Mortgage Blog Page May 9th 2022

Weekly Mortgage Blog Page May 9th 2022

            The Fed took action to fight inflation while the unemployment rate held steady. Here are the key headlines: Fed Hikes Fed Funds Rate to Curb Inflation Unemployment Rate Remains Stable – But for Wrong Reasons Private Payrolls Miss Expectations

May 09, 2022 |

Weekly Mortgage Blog May 2nd 2022

Weekly Mortgage Blog May 2nd 2022

            Inflation and housing data dominated the headlines, with these key stories: Consumer Inflation Reaches 40-year High Annual Home Price Appreciation Nears 20% in February The Real Scoop on New Home Inventory Pending Home Sales Decline But Still

May 02, 2022 |