Last week's economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points. Construction spending was unchanged in May as compared to a -0.70 percent reading in April. Although builders express high confidence in housing market conditions, construction spending continued to lag … [Read more...]
Get Pre-Approved Today for a new Home Mortgage with Racheli
Racheli Fort Lauderdale Lender, will guide you through the mortgage process. Being that not all Pre-Approval letters are created equal. And Not all Mortgage Lenders are created equal, Speak with Racheli when you are ready to run the #'s. and Get Pre-Qualified for a mortgage today before you go shopping for a home. "Talk to Racheli it's like taking to 100 Banks" … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 3, 2016
Last week's economic releases included reports on new and pending home sales, S&P Case-Shiller Home Price Indices and regularly scheduled weekly reporting on mortgage rates and weekly jobless claims. Readings on consumer sentiment and confidence were also released. New and Pending Home Sales Lower as Peak Sales Season Winds Down August readings for new and pending home sales were lower than for July; analysts said that slim supplies of available homes and rising home prices contributed to … [Read more...]
Credit Score Got You Concerned? Here’s 3 Ways to Get It Together
If you're worried about your bad credit, you'll want to do everything in your power to improve your rating as quickly as possible - especially if you are looking to purchase a home in the near future. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you're after. IMPORTANT! If you are currently involved in a home loan transaction, speak with your trusted mortgage lender before taking any action regarding your credit! So how … [Read more...]
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