Mortgage Market update for August 19, 2018. Turkish high inflation rate has been another consequence of the ailing economy. In a bid to preserve their wealth, many citizens have taken extreme measures such as purchasing gold and other precious metals.
During winter most homeowners make certain adjustments in their houses to cope with the cold weather. Your house needs to be warm and comfortable. It’s paramount to prepare early. Are you prepared?
Core Mortgage Financial is proud to announce a new loan product NO income investor loan.
The most significant piece of economic data released was the updated Consumer Price Index (CPI), which is one of the most heavily watched inflation indicators. There will be additional major reports coming out in the next week. This week, retail sales, industrial production, and housing starts will all be released, which could have an impact on mortgage rates.
The week was rife with economic activity that included the release of significant data and a Fed meeting. But other than closing with a slight spike in mortgage rates, it was relatively surprise-free. In the Fed meeting, officials did state that economic activity "has been rising at a strong rate" since the June meeting. They also pointed out that both business investment and household spending have "grown strongly.” The Fed next meets on September 26, when investors anticipate seeing the third increase in federal funds this year. Friday’s Employment report indicated an increase in 157,000 jobs in July, along with 59,000 jobs in prior months. For the year, jobs have increased by an average of 215,000 per month – a significantly higher pace than the 184,000 reported this time last year. As expected, unemployment decreased from 4.0% to 3.9% and average hourly earnings were up 2.7% more than this time last year. Additional activity is expected in the week ahead: The JOLTS report, which gauges job openings and workforce turnover rates, is expected to be released Wednesday. This is key for Fed officials Fed officials, who use the information as part of surveying labor market strength. Wednesday and Thursday Treasury auctions are expected to impact mortgage rates. The Consumer Price Index is expected to be released Friday. The monthly inflation report examines the change in price for goods and services.
For sun-lovers, the area weather is ideal, with January weather dropping only to the mid-50s. Tourists and homeowners alike love this area for the miles of sandy beaches, perfect weather and the ability to see so many awesome attractions. Sites like Naples Zoo, open since 1919, Corkscrew Swamp Sanctuary which offers visitors more than 10,000
Naples Interest only mortgages For many high-end executives and retirees who have a great deal of savings, Naples interest only mortgages may be a great solution to purchasing a home without draining your savings. The benefits of Naples interest only loans are substantial and can benefit borrowers who meet specific criteria.
Today, let’s take an extra moment to recognize the sacrifices of our veterans and the loved ones who support them at home. We are thankful for your service and blessed to know you.
Core Mortgage Financial has developed a checklist for borrowers to use when applying for mortgage home loan. The mortgage application checklist will assist the borrower when looking for the necessary documentation in order to complete your mortgage application.
The American independence is celebrated on the Fourth day of July every year. America was born on July 4, 1776, after a long struggle that cost us thousands of our soldiers and great countrymen. July 4th signifies the Declaration of Independence and the birth of the Great United States of America. July 4th doesn’t represent the day the