Private mortgage insurance, or PMI, is often required when a homebuyer makes a down payment of less than twenty percent. While PMI helps lenders reduce risk, it adds extra cost to your monthly mortgage payment. The good news is that you may be able to remove PMI without refinancing your loan. Understanding the options available can help you save money and accelerate building equity in your home. Understand When PMI Can Be RemovedFederal law, specifically the Homeowners Protection Act, requires … [Read more...]
The Effect of Local Job Markets on Mortgage Lending
When evaluating the housing market, many people focus on home prices and interest rates. However, one critical factor that often goes unnoticed is the strength of the local job market. Employment trends directly affect mortgage lending by influencing both buyer demand and lender confidence. Why Local Employment MattersA stable job market means more people have consistent incomes, making them more likely to qualify for home loans. Lenders assess local employment data when determining mortgage … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 28th, 2025
Very little was released this week due to the major inflation data releases from the previous week. The Leading Economic Index was the most significant—and only—impactful release this week, showing a further decline in overall sentiment about the current economic situation. The majority of the decline was largely driven by expectations for business conditions. The decline was faster than expected, enough to warrant continued monitoring of the Leading Economic Index going forward. … [Read more...]
The Effect of Local Job Markets on Mortgage Lending
When evaluating the housing market, many people focus on home prices and interest rates. However, one critical factor that often goes unnoticed is the strength of the local job market. Employment trends directly affect mortgage lending by influencing both buyer demand and lender confidence. Why Local Employment MattersA stable job market means more people have consistent incomes, making them more likely to qualify for home loans. Lenders assess local employment data when determining mortgage … [Read more...]
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