13
May
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – May 13th, 2024

An extremely light week following the FOMC, with the only note-worthy reporting being the Consumer Sentiment reports from the University of Michigan, which gives a long term outlook of the consumer on the economy. The report has come in well under expectations, much more so than any previous release in the last 6 months. This is largely due to the increase in the cost of living for every sector. Consumer Sentiment The University of Michigan’s gauge of consumer sentiment fell to 67.4 in a preliminary May reading, down from 77.2 in the prior month. Primary Mortgage Market Survey Index 15-Yr…
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10
May
By Adrian Willanger
Homeowner Tips, ,

Understanding, Paying, and Benefiting from HOA Fees

Are you considering purchasing a property governed by a Homeowners Association (HOA)? If so, you've probably come across the term "HOA fees." What exactly are these fees, who pays them, and why are they necessary?  What Are HOA Fees? HOA fees, short for Homeowners Association fees, are regular payments made by homeowners to the HOA that governs their community. These fees are typically used to cover various expenses associated with maintaining and managing the common areas and amenities within the community. What Do HOA Fees Cover? Maintenance and Repairs: One of the primary purposes of HOA fees is to cover…
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09
May
By Adrian Willanger
Real Estate, ,

A Guide to Home Security Systems

In today’s world, where the safety of our homes and loved ones is paramount, investing in a robust home security system is essential. Whether you're a homeowner or renting, ensuring your peace of mind through effective security measures is achievable. Let's discuss the essentials of home security systems and how you can fortify your home against potential threats. Understanding Home Security Systems Home security systems encompass a range of devices and technologies designed to protect your home from intruders, emergencies, and other threats. These systems typically include: Alarm Systems: Alarm systems are the backbone of home security. They include sensors…
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08
May
By Adrian Willanger
Real Estate, ,

Exploring the Pros and Cons of Buying a New Construction Home

Are you contemplating whether to dive into the real estate market and invest in a new construction home? It's an exciting prospect, but like any significant decision, it comes with its own set of pros and cons. We will discuss the intricacies of this choice to help you navigate your way through. Pros Customization: One of the most enticing aspects of purchasing a new construction home is the ability to customize it to your preferences. From floor plans to fixtures, you often have a say in the design process, allowing you to create a space tailored to your needs and…
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07
May
By Adrian Willanger
Real Estate, ,

Your Guide to Securing Your Dream Home at the Best Price

Are you ready to start the journey of acquiring your dream home? One of the most exhilarating yet daunting steps in this process is negotiating the deal. Whether you're a first-time buyer or a seasoned investor, mastering the art of negotiation can make all the difference in securing your dream home at the best possible price. In this guide, we'll explore some effective real estate negotiation strategies to help you navigate this crucial phase with confidence. Research, Research, Research: Before diving into negotiations, arm yourself with knowledge. Research the local real estate market, recent sale prices of similar properties in…
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06
May
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – May 6th, 2024

Week in Review With the passing of the Federal Open Market Committee rate decision panel, we now have definitively confirmed that the Federal Reserve intends to keep the rates at a two-decade high, for the sixth straight meeting by a unanimous vote. Jerome Powell had stated during the Q&A that they do not intend to cut rates until they have confidence that inflation will, “sustainably stay lower than the 2% objective.” Lending partners have responded in kind by a rush in an increase of rates the last three weeks in a row, with expectations tempered about impending rate cuts any…
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