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What’s Ahead For Mortgage Rates This Week – June 17th, 2024
A welcome and unexpected data release for both the PPI and CPI shows inflation expectations coming in lower than expected. The positive news was somewhat mitigated by the hawkish FOMC rate decision that also took place during the same week. Still, there is more optimism given that the data releases in the past 30 days have shown signs of inflation coming under control. At the very least, it suggests that the Federal Reserve’s policy to keep inflation under control has been effective. As a result, lending partners have quickly cut rates again after the meeting this week.
Important Tips for Paying Off Your Mortgage Early and Saving on Interest
Are you dreaming of the day when you can declare yourself mortgage-free? Paying off your mortgage early not only liberates you from monthly payments but can also save you a significant amount in interest. While it may seem daunting, a few strategic moves can bring this goal within reach.
What Is a Mortgage Loan Servicer?
Working through the mortgage process can be complex, and one significant yet often misunderstood aspect is the role of a mortgage loan servicer. You might be familiar with lenders, the entities that provide the funds for your home purchase, the servicer is the company you’ll interact with most frequently over the life of your loan.
Understanding Mortgage Recasting
When it comes to managing your mortgage, you might have heard of refinancing as a popular option to reduce monthly payments or pay off your loan faster.
What to Expect When Working with a Mortgage Loan Processor
Buying a home is always an exciting journey, but it can also be overwhelming, especially when it comes to working through the mortgage process. One key player who will help to ensure your loan goes smoothly through this process is the Mortgage Loan Processor.
What’s Ahead For Mortgage Rates This Week – June 10th, 2024
With the CPI and PPI reports coming up this week, the previous week was light on reports of any significance. Most notable was the Non-Farm Payrolls which can have an outsized impact on inflation data reporting, as it’s a useful barometer to compare the cost of goods to the payroll of the average consumer. Following that is the ISM Manufacturing Index which came in slightly under expectations. Lastly, the JOLTS Job Openings is a minor indicator, but useful for seeing the state of the job market.