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What’s Ahead For Mortgage Rates This Week – December 9th, 2024

December 9, 2024 by Rilian Ball

With the CPI and PPI scheduled for release in the upcoming week, the previous week was lightly peppered with a small amount of impactful financial data releases. The highlight was the S&P Manufacturing PMI, which reported final numbers for the year showing better-than-expected improvements in the manufacturing sector. Unemployment data also aligned with expectations, reinforcing the likelihood of a Federal Reserve rate cut remaining on track. Lastly, the Consumer Credit Report had the … [Read more...]

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

Why Refinancing Your Mortgage Before the Year Ends Is a Great Option

December 6, 2024 by Rilian Ball

As the year comes to a close, it’s the perfect time to consider refinancing your mortgage. Whether you’ve been thinking about lowering your monthly payment, securing a better interest rate, or tapping into your home’s equity, refinancing can offer many benefits. However, the timing can make all the difference. Here's why refinancing before the year ends might be a great option for you. 1. Lock in Lower Interest Rates Interest rates fluctuate throughout the year, and while it's … [Read more...]

Filed Under: Mortgage Rates Tagged With: Mortgage Rates, Refinance, Tax Benefits

The Role of the Appraisal Contingency in Real Estate Contracts

December 5, 2024 by Rilian Ball

When you're buying a home, one important component of the real estate contract is the appraisal contingency. This clause protects the buyer in case the property’s appraisal comes in lower than the agreed-upon sale price. While it’s a common part of many real estate transactions, it’s often not fully understood. Here's why it’s so important and how it can impact your purchase. What is an Appraisal Contingency? An appraisal contingency is a condition in the purchase … [Read more...]

Filed Under: Home Buyer Tips Tagged With: Appraisal Contingency, Home Buying , Real Estate Tips

Mortgage Assistance Programs and Government and Nonprofit Options

December 4, 2024 by Rilian Ball

Purchasing a home is a significant financial milestone, but for many potential buyers, the upfront costs and down payment can be a barrier. Fortunately, there are a variety of mortgage assistance programs available through government agencies and nonprofit organizations to help low- and moderate-income homebuyers achieve their dream of homeownership. These programs can provide financial assistance, lower interest rates, or other benefits to ease the burden of purchasing a home. Here’s … [Read more...]

Filed Under: Mortagage Tips Tagged With: Down Payment Assistance, FHA Loans, Mortgage Assistance

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Rilian Ball


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NMLS # 202687

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info@firstcg.com

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Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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