Mortgage Rates and Financial News and Tips

Mortgage Weekly Update

     

By Suzanne Odonnell / March 14, 2024
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Mortgage Rates Continue to Decline and Applications Rise Again On Thursday, March 14, 2024, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.74 percent, down from last week when it averaged 6.88…

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Owning vs. Renting: A Side-by-Side Comparison with Real Numbers

Owning vs. Renting: A Side-by-Side Comparison with Real Numbers

By John Chiappetta / March 8, 2024
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Choosing between owning and renting is more complicated that one might think. To help you better weigh the options, here’s a comparison with real data points, acknowledging the pros and cons of each approach. Owning Potential for appreciation: While past performance…

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Why your DTI Is Crucial When Getting a Mortgage

Why your DTI Is Crucial When Getting a Mortgage

By John Chiappetta / February 23, 2024
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Debt-to-Income ratio (DTI) is a crucial factor when applying for a mortgage because it helps lenders determine your ability to manage monthly payments and repay borrowed money. It’s a measure of your financial health and indicates the proportion of your…

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Homebuilder Sentiment on the Uptick

Homebuilder Sentiment on the Uptick

By John Chiappetta / February 9, 2024
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In the dynamic world of homebuilding, understanding how homebuilders feel is crucial. It shows us where the industry is heading. Let’s explore how homebuilders are feeling, and what it means for the future. The National Association of Home Builders (NAHB)/Wells…

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3 Signs a Fixer-Upper Could Be Worth It (and 5 Signs It’s a Money Pit)

3 Signs a Fixer-Upper Could Be Worth It (and 5 Signs It’s a Money Pit)

By John Chiappetta / February 7, 2024
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The allure of a fixer-upper is undeniable. In the wake of a booming housing market and the relentless charm of renovation shows, the prospect of transforming a diamond in the rough into your dream home has become a cultural phenomenon.…

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How to Track Mortgage Rates in 2024

How to Track Mortgage Rates in 2024

By John Chiappetta / February 2, 2024
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Buying a home in 2024 isn’t just about finding the perfect place. It’s about understanding the dynamic world of mortgage rates, where even slight fluctuations can impact your wallet. In this post we hope to empower with solid information so…

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Does Refinancing Hurt Your Credit?

Does Refinancing Hurt Your Credit?

By Embrace Home Loans Staff / December 27, 2023
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With the recent rise in interest rates, homeowners who were once eager to refinance might be wondering: is it still worth it? While historically low rates have faded, refinancing may still offer advantages depending on your individual situation and the…

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Navigating the 2024 Housing Market: Predictions and Tips for Homebuyers

Navigating the 2024 Housing Market: Predictions and Tips for Homebuyers

By John Chiappetta / December 22, 2023
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The 2024 housing market is poised for significant shifts, offering both challenges and opportunities for potential homebuyers. While the days of skyrocketing prices and intense bidding wars might be fading, navigating the market will still require careful planning and strategic decision-making. Expert Predictions…

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Buying a House with Bad, Poor, or Stressed Credit: Can It Be Done?

Buying a House with Bad, Poor, or Stressed Credit: Can It Be Done?

By John Chiappetta / December 20, 2023
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Your credit score plays a huge role in your ability to get to mortgage — not to mention how easy the process is and what interest rates you’ll qualify for. Are you worried your credit isn’t good enough? You’re not…

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Balancing Mortgage Payments and Festive Expenses

Balancing Mortgage Payments and Festive Expenses

By John Chiappetta / December 15, 2023
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The holiday season brings joy, celebration, and cherished moments with loved ones. However, amidst the festive cheer, it’s no secret that expenses tend to skyrocket. For many homeowners, this financial juggling act becomes even more challenging when coupled with the…

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