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What’s Ahead For Mortgage Rates This Week – December 16th, 2024

December 16, 2024 by Rilian Ball

Last week featured a light release schedule, with the key highlights being the CPI and PPI reports. The CPI has proven to be exactly within expectations, signaling the Federal Reserve should be on track for another planned rate cut. However, this was offset by higher-than-expected PPI inflation. Despite these mixed signals, both indicators show stable trends, and overall inflation appears to be moving toward the Federal Reserve's target. The Federal Reserve remains committed to reducing … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Why Getting Preapproved Before Your House Hunt Is Crucial

December 13, 2024 by Rilian Ball

Buying a home is one of the biggest financial decisions you'll ever make, and you want to make sure you’re as prepared as possible. Whether you’re just starting to browse homes or are ready to put in an offer, one of the most important steps you can take is getting preapproved for a mortgage. Preapproved vs. Prequalified: What’s the Difference? While you might come across the term prequalification during your home search, it’s important to understand the distinction … [Read more...]

Filed Under: Mortgage Tagged With: Home Buying Mortgage Preapproval, Preapproved Home Loan

The Differences Between Hard and Soft Credit Inquiries

December 12, 2024 by Rilian Ball

Credit inquiries, also known as credit pulls or checks, are a standard part of assessing creditworthiness. However, not all credit inquiries are the same. They fall into two main categories: hard and soft credit inquiries. Understanding the differences between these two types is crucial for managing your credit health and avoiding misconceptions. Below, we explore the distinctions between hard and soft credit inquiries to provide clarity on their purpose and impact. 1. Purpose and Usage Hard and … [Read more...]

Filed Under: Credit Scoring Tagged With: Credit Health, Financial Literacy, Hard Vs Soft Inquiries

5 Financial Tasks to Tackle Before the New Year

December 11, 2024 by Rilian Ball

As the year draws to a close, it's the perfect time to take stock of your financial health and set yourself up for success in the coming year. You can create a solid foundation to achieve your goals by focusing on key areas. Here are five important financial tasks to consider before the new year begins. 1. Review Your Spending Take a close look at your spending habits over the past year. Were there months or categories where expenses went overboard? Identifying patterns—like higher … [Read more...]

Filed Under: Holidays Tagged With: Budgeting Tips, Financial Planning, Year End Goals

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Rilian Ball


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NMLS # 202687

Call: (559) 697-5322
info@firstcg.com

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Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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