Which is better -- a fixed-rate mortgage or an adjustable-rate mortgage (ARM)? It's a common question among home buyers and refinancing households. The answer? It depends. Fixed-rate mortgages offer the certainty of a known, unchanging principal and interest payment for the life of the loan. This stability can aid in budget-setting and financial planning, providing homeowners with a sense of security and peace of mind. On the other hand, adjustable-rate mortgages do not provide the same level of … [Read more...]
What’s Ahead For Mortgage Rates This Week – February 12th, 2024
This week is the release of Core CPI and PPI numbers for January. The only data release of note is the trade deficit and the usual unemployment reports for the prior week. The current trade deficit for the U.S. is operating precisely within expectations and correlating GDP numbers. This current week will provide further guidance for the Federal Reserve as the next release of inflation data is released. U.S. Trade Deficit The U.S. trade deficit rose slightly in December, but the annual gap … [Read more...]
Balancing Educational Debt with Homeownership Goals
In the pursuit of the American dream, many individuals find themselves walking a tightrope between educational aspirations and the desire to own a home. The burden of student loan debt can often seem impossible, making the prospect of homeownership feel like a distant dream. With strategic planning and disciplined financial management, it's possible to strike a balance between educational debt and homeownership goals. Here are a few effective strategies to help you navigate this delicate … [Read more...]
Home Warranty Plans: Protecting Your Investment and Budget
Owning a home is a significant milestone, representing a culmination of hard work, dreams, and financial investment. However, as any homeowner knows, unexpected repairs and maintenance issues can quickly arise, posing a challenge to both your peace of mind and your budget. This is where home warranty plans step in, offering a layer of protection and financial security for homeowners. In this guide, we'll explore what home warranty plans entail, how they work, and why they are a valuable asset … [Read more...]
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