Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
As we move into the last month of 2024, many potential homebuyers are eagerly awaiting a drop in mortgage rates. With inflation numbers looking promising, there’s hope that the Federal Reserve will lower the federal funds rate, which typically drives mortgage rates down as well. If you’re planning to buy a home or refinance when… Continue reading What You Can Do Now to Prepare for Mortgage Rate Drops
If you’re in the process of exploring mortgage options, you might have encountered the term “mortgage par rate.” But what does this mean, and how does it impact your mortgage loan? Understanding the mortgage par rate is essential because it helps you compare loan offers and make informed decisions that can save you money over… Continue reading What Is A Mortgage Par Rate And How Does It Work
When it comes to securing a mortgage, timing is everything—especially when it comes to locking in an interest rate. Mortgage rates can fluctuate daily, and even a small change can have a significant impact on your monthly payments and the total cost of your loan. To protect yourself from rising interest rates while you’re in… Continue reading What Borrowers Need to Know About Mortgage Rate Locks
In today’s economic climate, inflation has become a hot topic, especially for potential homebuyers. Understanding how inflation affects mortgage rates and your homebuying power is crucial. Let’s see how it can impact your journey to homeownership. What is Inflation? First and foremost, inflation refers to the rate at which the general level of prices for… Continue reading The Impact of Inflation on Mortgage Rates and Homebuying Power
As a homeowner, you might be sitting on a valuable asset without even realizing it—your home equity. Tapping into this equity through a cash-out refinance can open up financial opportunities you hadn’t considered. Here’s how you can unlock your home’s equity with a cash-out refinance and what you need to know before diving in. Understanding… Continue reading How to Unlock Your Home’s Equity with a Cash-Out Refinance
If you’re gearing up to dive into the world of real estate, there are a few key terms you’ll want to wrap your head around before taking the plunge. Today, we’re demystifying APR and interest rate, two crucial concepts that can impact your home-buying journey. Don’t worry, I’ll break it down in simple terms so… Continue reading APR vs. Interest Rates
Last week’s release of CPI and PPI resulted in slightly higher than expected inflation rates which led to speculation that the Federal Reserve’s decision to cut rates will likely come much further in the year than anticipated. There was some suspicion that if inflation rates would continue to exceed predictions, it could result in another… Continue reading What’s Ahead For Mortgage Rates This Week – February 20th, 2024
The following week of CPI and PPI reports are typically lighter, with this week showing the same trend. There are a number of interesting interim reports that are worth noting however, including the Federal Reserve’s Beige Book which indicates the labor market has been cooling across most of the country. Following up is the Consumer… Continue reading What’s Ahead For Mortgage Rates This Week – January 22nd, 2024
The first week of December’s largest reports are the GDP estimates, which will be the second estimations of the year prior to the final release. The final GDP reports will be after the new year and are the strongest indicator for the economic state of the country. With the Federal Reserve aiming for a soft landing for… Continue reading What’s Ahead For Mortgage Rates This Week – December 4, 2023
This article aims to shed light on the dissimilarities between the mortgage interest rate and the APR, helping borrowers navigate the mortgage landscape more confidently.