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What’s Ahead For Mortgage Rates This Week – July 17, 2023

July 17, 2023 by Rilian Ball

Last week’s economic reporting included readings on month-to-month and year-over-year inflation and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. Month-to-Month Inflation Rises as Year-Over-Year Inflation Slows The Consumer Price Index for June rose 0.20 percent in June as compared to May’s reading of 0.10 percent growth and expectations of 0.30 percent month-to-month growth. The core CPI reading, which excludes volatile food and fuel … [Read more...]

Filed Under: Financial Reports Tagged With: Case Shiller, Financial Report, Mortgage Rates

Smart Home Upgrades That Save Energy and Money

July 13, 2023 by Rilian Ball

In an era where environmental consciousness and cost savings are top priorities for homeowners, smart home technology has emerged as a game-changer. With the ability to automate and optimize various aspects of your home, smart home upgrades offer numerous benefits, including energy efficiency and reduced utility bills. Smart Thermostats One of the most effective ways to reduce energy consumption and save money is by installing a smart thermostat. Traditional thermostats often result in excessive … [Read more...]

Filed Under: Around The Home Tagged With: Home Improvement, Smart Appliances, Smart Home

How Long Does It Take to Get a Mortgage Approval?

July 12, 2023 by Rilian Ball

When you're in the process of buying a home, one of the most important steps is obtaining a mortgage approval. This approval signifies that a lender is willing to offer you a loan to finance your dream home. The timeline for getting a mortgage approval can vary depending on several factors. Initial Preparations: Before you start the mortgage approval process, it's crucial to gather all the necessary documentation. This typically includes proof of income, employment history, bank statements, … [Read more...]

Filed Under: Mortgage Tagged With: Mortagge Loan, Mortgage, Mortgage Approval

The Impact of Your Employment History on Mortgage Approval

July 11, 2023 by Rilian Ball

When it comes to applying for a mortgage, lenders take various factors into account to determine your eligibility. One crucial aspect they consider is your employment history. Your employment history provides lenders with valuable insights into your financial stability, income consistency, and ability to repay the loan. Lenders evaluate your income consistency to ensure that you have a reliable source of funds to cover your mortgage payments. They typically request pay stubs, W-2 forms, and tax … [Read more...]

Filed Under: Mortgage Tips Tagged With: Credit Score, Mortgage, Mortgage Loan

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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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