With the release of the latest CPI and PPI data, inflation has increased month-to-month for the first time since March, marking the first rise in over seven months. The Federal Reserve has reiterated its goal of reducing inflation to a 2% target within a year. While this development doesn't necessarily indicate an imminent interest rate hike, it suggests that current rates may remain unchanged for an extended period. Earlier optimism about a potential rate cut by the end of the year has … [Read more...]
Understanding the Difference Between Mortgage Brokers and Mortgage Lenders
When you’re ready to buy a home, one of the first steps is securing a mortgage. While many people simply turn to their current bank for a loan, there are other options to consider that might provide better rates and terms for your situation. This is where understanding the difference between a mortgage broker and a mortgage lender can help. Both play essential roles in the home loan process, but they function in very different ways. Let’s break it down so you can determine … [Read more...]
How Women Can Navigate the Path to Ownership with Confidence
In recent years, single women have emerged as a powerful force in the real estate market, breaking barriers and taking control of their financial futures. According to recent data, single women now own more homes than single men, with nearly 20 million women homeowners in the U.S., representing a growing trend of resilience and empowerment. This surge in homeownership among women has come even in the face of economic challenges, including the financial fallout of the pandemic. Whether you're … [Read more...]
Understanding the Components of Your Monthly Mortgage Payment
If you’re new to homeownership, you might be wondering exactly what makes up the mortgage payment you’re sending each month. Beyond just the loan amount itself, there are several different components that all factor into your monthly mortgage payment. Understanding these components not only helps you see where your money is going but can also assist you in optimizing your mortgage and possibly securing a better rate. 1. Principal The principal is the amount of money you originally … [Read more...]
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