Mortgage , ,

What To Know About Shopping For Mortgage Rates

Applying for a home loan can be an exciting process; however, this is a major financial decision. Therefore, potential homeowners need to make sure they understand how to shop for the best mortgage rate possible. A mortgage is usually a long-term loan, allowing potential homeowners to purchase a home using small monthly payments. Fortunately, there are a variety of tools available that can make the process easier. What do potential homeowners need to know when shopping for mortgage rates?  Do Get A Pre-Approval Letter First, all potential homeowners need to get a pre-approval letter before they start the home-buying process.…
Read More
Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – September 13, 2021

Last week’s economic reporting was limited due to the Labor Day holiday. Job openings were reported along with weekly readings on mortgage rates and jobless claims. July Job Openings Higher Than Expected The Labor Department reported record job openings for the fifth consecutive month in July. Economists said that the data used in the report lagged by a month and the readings were not impacted by the Delta variant of the Covid-19 virus. Job openings fell in construction, trade, transportation, and utilities. There were less than 0.80 unemployed available for each job opening in July. Hiring fell by 160,000 hires…
Read More
Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – September 7, 2021

Last week’s economic news included readings on home prices from Case-Shiller; readings on construction spending and pending home sales were also released. Weekly data on mortgage rates and jobless claims were also released. Case-Shiller Posts New Record for Home Price Growth in June U.S. home prices continued to gain at record levels in June according to S&P Case-Shiller Home Price Indices. The National  Home Price Index rose from May’s seasonally adjusted annual reading of 16.80 percent growth to 18.60 percent year-over-year home price growth in June. Case-Shiller’s 20-City Home Price Index reported no change in the top three cities for…
Read More