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What’s Ahead For Mortgage Rates This Week – July 8th, 2024

July 8, 2024 by Robby Oakes

With the FOMC Minutes coming precisely within expectations, there is once again a lot of optimism that the Federal Reserve may cut rates this year. Much of the Q2 data reports show favorable amounts of reduction in inflation as well as a more stable economic outlook for the rest of the year. With the larger reports in PMI Manufacturing numbers and Non-farm Payroll figures, the overall outlook seems to align with the rest of the data points, justifying the more recent optimism about potential rate cuts. This week should give the final results on Q2 inflation results with the new releases of CPI and PPI data reports.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

The Pros and Cons of Mortgage Life Insurance

July 5, 2024 by Robby Oakes

Mortgage life insurance is a type of policy designed to pay off your mortgage in the event of your death. As with any financial product, it has its pros and cons. Understanding these can help you determine whether it makes sense for your situation.

Filed Under: Mortgage Tagged With: Insurance Coverage, Mortgage, Mortgage Life Insurance

Celebrating Independence Day: More Than Just Fireworks and BBQs

July 4, 2024 by Robby Oakes

While fireworks, barbecues, and parades are fundamental to our 4th of July celebrations, the spirit of Independence Day runs much deeper.

Filed Under: Holidays Tagged With: Freedom, gratitude, IndependenceDay

How to Read Your Mortgage Statement: What to Look For and How to Ensure Its Accuracy

July 3, 2024 by Robby Oakes

Your mortgage statement is an important document that provides detailed information about your home loan. Understanding it can help you manage your mortgage more effectively, identify potential issues early, and ensure you’re on track with your payments.

Filed Under: Mortgage Tagged With: Finances, Mortgage, Mortgage Statement

Understanding Graduated Payment Mortgages

July 2, 2024 by Robby Oakes

When it comes to buying a home, you will find many mortgage options available. One of the lesser-known but potentially advantageous choices is the Graduated Payment Mortgage (GPM).

Filed Under: Mortgage Tagged With: Graduated Payment Mortgage, Mortgage, Mortgage Tips

What’s Ahead For Mortgage Rates This Week – July 1st, 2024

July 1, 2024 by Robby Oakes

Following the release of key data such as the FOMC rate decision and CPI and PPI inflation reports, only the PCE Index reports remained to set the course, which are coming in well within expectations. The Consumer Confidence Report is also a significant concern since it influences broader economic decisions when consumers hesitate to spend, usually due to rising living costs.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Understanding the Role of HUD in Regulating Mortgage Lending Practices

June 28, 2024 by Robby Oakes

With various regulations and guidelines to follow, it’s crucial to understand the role of the U.S. Department of Housing and Urban Development (HUD) in this landscape. HUD plays a vital role in regulating mortgage lending practices to ensure fair and equitable access to housing. In this blog post, we’ll delve into the functions of HUD and how they impact mortgage lending practices.

Filed Under: Mortgage Application Tagged With: Fair Housing, Homeownership, HUD

How Divorce Affects Mortgage Responsibilities: What Changes, Who is Responsible, and More

June 27, 2024 by Robby Oakes

Divorce is a challenging life event that can significantly impact various aspects of your financial life, including your mortgage responsibilities. When couples decide to part ways, the fate of the family home and the associated mortgage often becomes a complex issue that requires careful consideration.

Filed Under: Mortagage Tips Tagged With: Divorce Settlement, Divorce Tips, Mortgage Responsibilities

How Economic Trends Influence Mortgage Lending

June 26, 2024 by Robby Oakes

As a consumer, understanding these economic trends can empower you to make informed decisions about your mortgage. Let’s discuss some key economic factors that influence mortgage lending and what they mean for you.

Filed Under: Mortgage Rates Tagged With: Housing Market, Mortgage Lending, Mortgage Rates

Can Closing Costs Be Included in Your Loan? Here’s What You Need to Know

June 25, 2024 by Robby Oakes

When buying a home, many people are aware of the down payment but often overlook the additional costs that come with closing the deal. These expenses, known as closing costs, can sometimes catch buyers off guard. The good news is that, in certain circumstances, closing costs can be included in your loan.

Filed Under: Mortgage Tagged With: ClosingCosts, HomeBuyingTips, Mortgage

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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