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21 Dec 2020
By noelkelman

What’s Ahead For Mortgage Rates This Week – December 21, 2020

Financial Reports, ,
Last week’s scheduled economic reporting included readings from the National Association of Home Builders and a statement from the Federal Reserve’s Federal Open Market Committee. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Builder Confidence Falls In December Homebuilder confidence in market conditions for single-family dropped by four points in December to an index reading of 86.  December’s reading was the second-highest on record after November’s reading. Component readings of the Housing Market Index also dropped. Builder confidence in current market conditions fell to 92 as confidence in single-family home sales within the next six months…
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17 Dec 2020
By noelkelman

Remove The Flood Insurance Risk From The Closing Process

Mortgage, ,
Many homeowners do not realize that the risk of a flood is a significant factor that plays a role in not only homeownership but also the closing process. Even though flooding is a major risk, many homeowners do not carry enough coverage. Without proper flood insurance, homeowners risk losing millions of dollars. Therefore, it is prudent for those who are looking for a home to factor flood insurance into their home search. This can streamline the closing process down the road. Exploring Options For Flood Insurance When homeowners think about flood insurance, they are often directed to the National Flood…
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16 Dec 2020
By noelkelman

Getting A Lower Interest Rate During A Refinance

Mortgage, ,
There are a lot of people who have spotted the record-low mortgage rates right now and are wondering if they can refinance successfully. While many people apply for a refinance of their current home loan, not everyone will be approved. Furthermore, a home refinance is not the best option for everyone. Those who want to qualify for record-low refinance rates need to keep a few key points in mind. Be A Strong Refinance Candidate First, homeowners need to make sure that it is actually worth their time to refinance to a lower home mortgage rate. In general, homeowners want to…
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15 Dec 2020
By noelkelman

Purchase The Right Amount Of Home Insurance

Mortgage, ,
For most people, their home is the most valuable investment they will ever make. Therefore, it needs to be protected. This is where homeowners’ insurance is critical. At the same time, buying the right amount of homeowners’ insurance can be a bit of a challenge. A home that is underinsured leaves the homeowner vulnerable to situations involving fires, floods, and theft. On the other hand, nobody wants to throw away money unnecessarily by over-insuring the home. How can everyone purchase the right amount of homeowners’ insurance? Review The Coverage Every Year First, people’s needs are going to change from year…
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14 Dec 2020
By noelkelman

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

Financial Reports, ,
Last week’s scheduled economic reporting included readings on inflation and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Inflation Rate Rises in November Inflation rose by 0.20 percent in November according to the federal government, but this reading fell short of the Federal Reserve’s goal of achieving 2.00 percent inflation annually. November’s year-over-year inflation rate was 1.20 percent. October’s inflation reading was flat and analysts expected inflation to grow by 0.10 percent in November. Core inflation, which excludes volatile food and fuel sectors, showed readings identical to the Consumer Price Index reading. November’s Core Consumer…
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10 Dec 2020
By noelkelman

What To Watch Out For When Buying A Home

Mortgage Tips, ,
Buying a new home is an exciting experience.  At the same time, it is also important for everyone to think about a few important topics that have to be discussed before they place an offer on a home. That way, everyone can rest easy, knowing they have done their due diligence when it comes to purchasing a new home. Do Not Neglect The Noise Level Of The Neighborhood One of the most commonly overlooked topics when it comes to buying a house is the noise level of the neighborhood. Some noise from the outside world is to be expected, particularly for…
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09 Dec 2020
By noelkelman

An Overview of Mortgage Forbearance: What Is This And What Should Homeowners Know?

Mortgage, ,
Current times are tough and there are a lot of homeowners who are having trouble making ends meet. Therefore, they are looking for ways to remain financially afloat as they assess their options. One option that people might have heard a lot about is called mortgage forbearance. It is critical for everyone to understand what mortgage forbearance is and how this might be able to help them during these challenging times. Importantly, it is also important for people to know what mortgage forbearance is not. What Does Mortgage Forbearance Do? For those who are currently facing financial challenges, mortgage forbearance…
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08 Dec 2020
By noelkelman

Home Values Are Impacted By School Zones: Is The Move Worth It?

Mortgage, ,
If you are looking for a home, then you probably have a budget in mind. You also need to know about the most common factors that influence the price of a home. One factor that always seems to play a role in the price of a home is the quality of the school system. This makes sense. After all, a lot of people who are looking for a home have children (or are planning on having children) and want to make sure they have access to a quality education. At the same time, is it truly worth the price increase…
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