What private mortgage insurance (PMI) is, who pays it, and how to remove it as your equity grows. If you’re buying a home with less than 20% down, there’s a good chance you’ll come across private mortgage insurance—also known as…
Thompson Kane’s mortgage experts stay ahead of shifting housing market trends so you don’t have to. Here’s a look at this week’s key housing market and economic updates. Housing Trends Starter Home Sales Reach Two-Year Peak Sales of entry-level homes…
Weigh the long-term financial pros and cons of homeownership. Thinking about making a move in 2025? Before you start house hunting or renewing that lease, it’s worth taking a fresh look at the numbers—and having a Thompson Kane loan officer…
Federal Reserve Mortgage Rate Update No Rate Shift in July The Federal Reserve left its benchmark interest rate unchanged during the July meeting, choosing a cautious path as it continues to monitor inflation and job market data. Some officials reportedly…
Thompson Kane’s mortgage experts stay ahead of shifting housing market trends so you don’t have to. Here’s a look at this week’s key housing market and economic updates. Housing Trends Median Prices Reach New Peak The median price for existing…
A mortgage lender’s take on what buyers risk by waiving this important step. If you’re buying a home, you’ve likely felt pressure to move fast. But waiving the home inspection could cost you dearly. Before deciding to skip this critical…
Thompson Kane’s mortgage experts stay ahead of shifting housing market trends so you don’t have to. Here’s a look at this week’s key housing market and economic updates. Housing Trends Builders Cut Prices to Boost Sales Facing softening demand and…
How buying down your rate can save money—and when it may not be the right move. Mortgage points can lower your rate—but do they make sense for you? If you’re considering buying points to reduce your mortgage interest rate, it’s…
Thompson Kane’s mortgage experts stay ahead of shifting housing market trends so you don’t have to. Here’s a look at this week’s key housing market and economic updates. Housing Trends Application Volume Climbs Sharply Purchase mortgage applications rose 9% last…
Weighing down payment goals against debt reduction in your mortgage strategy. If you’re thinking about buying a home and wondering whether to pay off debt first or save for a down payment, you’re not alone. It’s one of the most…
