What’s Ahead For Mortgage Rates This Week – August 14, 2023

August 14, 2023

Month-to-month inflation rose at a pace of 0.20 percent in July and met analysts’ expectations. There was no change in the pace of month-to-month inflation from June’s reading of 0.20 percent growth. The Consumer Price Index also reported that year-over-year inflation reached 9.10 percent, which was the highest reading since reaching a 40-year high in mid-2022.

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Disputing Your Property Tax Assessment Can Save You Money

August 10, 2023

Property taxes can be a substantial financial burden for homeowners and property owners. Each year, local governments assess the value of properties to determine the amount of property tax owed.

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Understanding the Distinction Between Mortgage Interest Rates and APR

August 8, 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.

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What’s Ahead For Mortgage Rates This Week – August 7, 2023

August 7, 2023

Last week’s scheduled economic reporting included readings on construction spending, public and private sector payroll growth, and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released.

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Will Buying A New Car Impact The Ability To Buy A New Home?

August 4, 2023

Making major life decisions often involves a delicate balancing act. Among the most significant choices, individuals face are buying a new car and purchasing a new home. Both ventures represent milestones in one’s life, bringing excitement and anticipation. However, there is a complex interplay between these two financial endeavors that can significantly impact a person’s ability to achieve their dream of owning a new home. Here are some factors to consider:

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How To Find A New Home In A New City

August 3, 2023

Research the neighborhoods: Start by researching the different neighborhoods in the city you are moving to. Look into the amenities, crime rates, school districts, and transportation options in each area to help you narrow down your search.

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How Much Equity Can I Borrow from My House

August 2, 2023

In general, lenders typically allow you to borrow up to 80% of your home’s equity. For example, if your home is currently valued at $400,000 and you owe $200,000 on your mortgage, you may be able to borrow up to $160,000 (80% of the $200,000 in equity you have in your home).

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The Difference Between A Home Equity Loan Versus A HELOC

August 1, 2023

When homeowners need to tap into the equity they’ve built in their homes, two popular options are Home Equity Loans (HEL) and Home Equity Lines of Credit (HELOC). Both types of loans allow homeowners to access funds for various purposes, such as home improvements, debt consolidation, or unexpected expenses. However, it’s essential to understand the differences between these two mortgage products to make an informed decision that aligns with your specific needs and financial goals. Here are some important differences between the two.

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What’s Ahead For Mortgage Rates This Week – July 31, 2023

July 31, 2023

The Federal Reserve raised its target interest rate range to 5.25 to 5.50 percent; this announcement signaled that rates for home loans and unsecured credit would also rise.

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