For those looking to purchase a home, making sense of today's mortgage rate trends and the forces that move them is key to smart financial planning. As the housing market shifts late in 2023, we'll break down what's impacting rates…
This week's financial and housing market activity update... The Economy Inflation Holds Steady at 3.5%: The Federal Reserve's key measure of inflation, gauged through personal spending, demonstrated a year-over-year increase of 3.5% in October, aligning with market expectations. Mixed Signals…
This week's financial and housing market activity update... The Economy In October, the durable goods orders experienced a sharper decline than anticipated, influenced by diminished demand for auto parts due to the UAW strikes. Despite lower than expected durable goods…
Taking the plunge into homeownership brings much excitement, but for first-time homebuyers, it also comes loaded with hurdles that call for care. To smooth your entry into the market, steer clear of these frequent faux pas: 1. Skipping the Importance…
Blemished credit need not doom your home dreams. Learn how strategic moves can open doors to a mortgage with a low credit score. Though imperfect scores limit options, those doors don’t fully close. The key is to take the right…
This week's financial and housing market activity update... The Economy October's consumer price index (CPI) showed a better-than-expected slowdown in inflation. This is naturally spurring predictions that the Federal Reserve may continue to pause its aggressive interest rate hikes. The…
Becoming a homeowner is a significant and exciting milestone, but it’s essential to understand that home ownership expenses extend far beyond the monthly mortgage payment. To ensure financial preparedness, let’s explore the various costs associated with home ownership. Local Property…
This week's financial and housing market activity update... The Economy In an effort to manage expectations for rate cuts, Federal Reserve members addressed the need to combat inflation and maintain stability in the market. Over the past 16 years, there…
This week's financial and housing market activity update... The Economy The Federal Reserve Board announced this week that it will maintain the current policy interest rate and suggested that the recent run-up of long-term treasury yields could help stave off…
With today's higher mortgage rates, many prospective homebuyers are left wondering how this will impact their plans. While higher interest rates present challenges, being proactive and working with the trusted advisors at Thompson Kane can empower you to make the…
