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What’s Ahead For Mortgage Rates This Week – September 20, 2021

Last week’s scheduled economic reporting included readings on consumer prices, retail sales, and the University of  Michigan’s preliminary Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released. Consumer Price Growth Slows in August The Consumer Price Index reported that consumer prices grew by  0.30 percent in August as compared to July’s consumer price growth pace of 0.50 percent. Core consumer prices, which exclude volatile food and fuel sectors, also slowed in August to a pace of 0.10 percent as compared to July’s reading of 0.30 percent growth. Used-car prices fell for the first time in…
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Mortgage , ,

Is An Escrow Account Right For You?

When someone is looking at purchasing a home, they usually focus on the purchase price of the home and the potential monthly payment. At the same time, there are other costs that need to be included as well. This includes home insurance and real estate taxes. As a result, many homeowners find themselves asking if they should use an escrow account or not. What do homeowners need to think about and how can they make the right decision? What Is An Escrow Account? First, it is important to define an escrow account. An escrow account is an account that contains…
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Mortgage , ,

A Home Improvement Loan: How To Get One

With more people spending time at home than ever before, many people are wondering how they can go about changing the way the home is laid out. This can be an expensive project, which is why many people are interested in getting a home improvement loan. With many people buying outdated houses, there are numerous projects that many homeowners want to finish; however, this process is not the same as applying for a mortgage. There are home equity lines of credit, cash-out refinance opportunities, and financing through the contracting company. How is the process of applying for a home improvement…
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