The previous week has seen tremendous impacts with the Trump administration's recently revealed tariff policies, sparking widespread concern about their broad economic effects. These concerns have already led to rapid contractions in multiple markets. Jerome Powell, Chairman of the Federal Reserve, has stated he is very uncertain about any moves made by the Federal Reserve and wants to wait for additional information before making decisions. Uncertainty is at an all-time high, without much … [Read more...]
Understanding the Role of the Federal Reserve in Mortgage Rates
When you're thinking about buying a home, you may hear a lot about mortgage rates going up or down. But have you ever wondered what causes these changes? One of the biggest influences on mortgage rates is the Federal Reserve, often called "the Fed." While the Fed doesn’t set mortgage rates directly, its policies play a major role in how much you’ll pay for your home loan. Let’s break it down in simple terms: What is the Federal Reserve?The Federal Reserve is the central bank of … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 31st, 2025
With the introduction of tariffs on Tuesday, there is significant uncertainty across all sectors regarding the potential outcome. While important data releases—including the PCE Index, Personal Income & Spending, and Consumer Sentiment for the quarter—have taken place, their impact is expected to be largely overshadowed by apprehension surrounding the widespread tariff decisions. With the upcoming release of inflation reports, including the CPI and PPI this week, all eyes will be … [Read more...]
The Difference Between FICO Score and Credit Score: How It Affects Your Mortgage and Rates
When applying for a mortgage, your creditworthiness plays a significant role in determining your loan approval and interest rates. Two commonly referenced terms are FICO score and credit score, which are often used interchangeably but have distinct differences. 1. What is a Credit Score? A credit score is a broad term that refers to a numerical representation of a consumer's credit risk. It is calculated based on various scoring models, including FICO and VantageScore, and is derived from credit … [Read more...]
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