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
Many first-time homebuyers with limited income, and borderline credit, may find they qualify for an FHA loan instead of a traditional mortgage loan. FHA mortgages offer flexibility that is not found in other mortgage products. There are qualifications that must be met, but they are often less stringent than traditional mortgages. Credit Scores and an FHA
Homeowners in Lee County who are over the age of 62 and meet other eligibility requirements may be eligible for a Estero reverse mortgage. These mortgages are specifically designed to allow homeowners who have significant equity in their homes access to immediate cash. Another little known feature of a reverse mortgage is it may be used to purchase a
One of the many decisions you will have to make when shopping for a mortgage is whether to go directly to a lender or use an Estero mortgage broker. For many potential home buyers, there are significant benefits to dealing with a mortgage broker instead of searching for a lender. One-Stop Shopping Borrowers often are concerned about
The Core Mortgage Team proudly announces the launch of our new website! Core Mortgage specializes in home loans in Estero and throughout the state of Florida. With streamlined qualifying, competitive rates and world-class service, we will take the hassle out of mortgage financing and help get you and your family into the home of your dreams.