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14 Sep 2020
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – September 14, 2020

Financial Reports, ,
Last week’s economic news included readings on inflation, job openings, and weekly reports on jobless claims and mortgage rates. Inflation Rate Slows in August After posting 0.60 percent growth for each month in June and July, the Consumer Price Index rose by 0.40 percent in August. These growth rates offset declines in inflation during the first three months of the COVID-19  pandemic. Used vehicle prices increased after deep discounts offered when the pandemic started; analysts said that rising prices for used vehicles offset losses in previous months and produced low inflation for August. Core inflation, which excludes volatile food and…
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11 Sep 2020
By Aadil Nathoo

3 Handy Tips That Will Prevent Serious Stress when Buying and Selling a Home at the Same Time

Mortgage Tips, ,
If you're in the process of simultaneously buying and selling a home, you may be in for the most stressful experience of your life. One UK-based real estate survey of over two thousand people found that buying and selling a house is more stressful than divorce, bankruptcy, a death in the family, becoming a parent for the first time, and even planning a wedding! It's not easy, but staying calm will help you to plan for your upcoming home purchase and sale and make the process easier. So how can you avoid the stress? Here are three strategies that will…
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10 Sep 2020
By Aadil Nathoo

Does Your Home Have What Buyers Are Interested In?

Mortgage Tips, ,
If you are looking to sell a home in the current market, then you know that the COVID-19 pandemic has changed the way many people look at the world and this includes their home. Therefore, buyers need to think about whether or not their homes have what buyers are looking for. While this is a hot market and sellers could quickly end up with multiple offers for their homes, they are more likely to get a higher offer if their home has one of the key features that buyers in today’s market will love. A Home Office Without a doubt,…
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09 Sep 2020
By Aadil Nathoo

You May Need More Than You Think To Buy Your First Home

Mortgage Tips, ,
Those who are thinking about buying their first home soon are likely saving up for a down payment. This can be a challenging process because, for many people, this is the largest amount of money they have ever saved in their lives. Sadly, the amount that people might need to buy their first home is more than they think. There are numerous other costs that go along with buying and maintaining a home. As a result, people need to save up more than they think. Even for starter homes that are usually less expensive than family homes, there are numerous…
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08 Sep 2020
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – September 8, 2020

Financial Reports, ,
Last week’s scheduled economic news included readings on construction spending and labor sector reports on public and private sector jobs. The national unemployment rate was also reported. Weekly readings on mortgage rates and jobless claims were also published. July Construction Spending Rises Construction spending rose from June’s seasonally adjusted annual pace of  $1.363 billion to $1,365 billion in July. The U.S. Census Department reports construction spending and readings are subject to adjustment. Growth in construction spending is due to a demand for homes in less congested areas.COVID-19 is creating more demand for larger homes that accommodate working from home. Mortgage…
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