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Category: Mortgage (58 posts)

How Interest Rates Affect Housing in the USA

How Interest Rates Affect Housing in the USA

June 19, 2024 | Posted by: Joe Cortez

Suppose you've been watching the news or talking to friends about the housing market. In that case, you've probably heard about rising interest rates. But what does that actually mean for you? Let's b ...

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June 12 - 2024 - Federal Reserve issues FOMC statement

June 12 - 2024 - Federal Reserve issues FOMC statement

June 12, 2024 | Posted by: Joe Cortez

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past ...

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Does a Mortgage Refinance Require an Appraisal?

Does a Mortgage Refinance Require an Appraisal?

June 4, 2024 | Posted by: Joe Cortez

When considering refinancing your mortgage, many questions arise, and one of the most common is whether an appraisal is necessary. Understanding the role of an appraisal in the refinancing process c ...

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Unlocking Financial Flexibility: The Benefits of a Cash-Out Refinance

Unlocking Financial Flexibility: The Benefits of a Cash-Out Refinance

May 23, 2024 | Posted by: Joe Cortez

Unlocking Financial Flexibility: The Benefits of a Cash-Out Refinance When managing your finances, leveraging the equity in your home can be a powerful strategy. One popular method for doing this ...

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Understanding FHA Loans: A Guide for Homebuyers

Understanding FHA Loans: A Guide for Homebuyers

May 8, 2024 | Posted by: Joe Cortez

As a mortgage professional, I've guided many clients through obtaining a home loan. One of the most popular options for first-time homebuyers and those with less-than-perfect credit is available ...

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May 1-2024 - Federal Reserve issues FOMC statement

May 1-2024 - Federal Reserve issues FOMC statement

May 1, 2024 | Posted by: Joe Cortez

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past ...

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Refinancing to a 15-year mortgage: Items to consider

Refinancing to a 15-year mortgage: Items to consider

April 24, 2024 | Posted by: Joe Cortez

Refinancing to a 15-year mortgage can be a beneficial decision for homeowners. It can help you pay off your mortgage faster and save money on interest payments in the long run. However, there are se ...

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Navigating Your First Home Purchase: A Step-by-Step Mortgage Guide

Navigating Your First Home Purchase: A Step-by-Step Mortgage Guide

April 8, 2024 | Posted by: Joe Cortez

Hey there, future homeowners! Embarking on the journey to buy your first home is like setting sail on an epic adventure. It's thrilling, a bit overwhelming, and packed with moments that'll have you ri ...

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Rate Hold - March 20, 2024

Rate Hold - March 20, 2024

March 20, 2024 | Posted by: Joe Cortez

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year ...

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When Steady Interest Rates Meet Rising Home Sales

When Steady Interest Rates Meet Rising Home Sales

February 28, 2024 | Posted by: Joe Cortez

In the ever-evolving landscape of the American housing market, we find ourselves at a crossroads where interest rates are holding steady, yet home sales are on an upward trajectory. This scenario ...

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Using Home Equity Loans to Pay Off High-Interest Debt: Should You Do It?

Using Home Equity Loans to Pay Off High-Interest Debt: Should You Do It?

February 19, 2024 | Posted by: Joe Cortez

Are you considering the leap to use a home equity loan to pay off high-interest debt? The allure is evident - with typically lower fixed interest rates than credit cards, these loans offer potential s ...

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January 2024 Rate Update - Federal Reserve issues FOMC statement

January 2024 Rate Update - Federal Reserve issues FOMC statement

February 1, 2024 | Posted by: Joe Cortez

Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remain strong, and the unemployment rate has remained low. Inf ...

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December 2023 Rate Update - Federal Reserve issues FOMC statement

December 2023 Rate Update - Federal Reserve issues FOMC statement

December 13, 2023 | Posted by: Joe Cortez

Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemp ...

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Navigating the New Normal: How Remote Work is Reshaping the US Mortgage and Real Estate Landscape

Navigating the New Normal: How Remote Work is Reshaping the US Mortgage and Real Estate Landscape

December 3, 2023 | Posted by: Joe Cortez

In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ...

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Unlock Your Home’s Potential: Using Home Equity for Renovations

Unlock Your Home’s Potential: Using Home Equity for Renovations

November 15, 2023 | Posted by: Joe Cortez

What is home equity? Imagine your home is a piggy bank, except instead of spare change, it's filled with the value you've built up over time. Home equity is the difference between your home's market ...

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Federal Reserve issues FOMC statement - Nov 1, 2023

Federal Reserve issues FOMC statement - Nov 1, 2023

November 1, 2023 | Posted by: Joe Cortez

Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has rem ...

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Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice

Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice

October 18, 2023 | Posted by: Joe Cortez

Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice Hi there, prospective homeowner! Dive into any mortgage conversation, and you'll hear the terms "mortgage brokers" an ...

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When Your Dream Home Catches Your Eye: Be Prepared to Seal the Deal

When Your Dream Home Catches Your Eye: Be Prepared to Seal the Deal

October 10, 2023 | Posted by: Joe Cortez

The thrill of finding your dream home is unmatched and can be very exciting. Once you stumble upon the perfect home within your budget, it's time to step up and make a proposition. But before you do, ...

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A Guide To First-Time Home Buyer Programs, Loans And Grants

A Guide To First-Time Home Buyer Programs, Loans And Grants

September 30, 2023 | Posted by: Joe Cortez

Purchasing a home involves many considerations, and it's common for first-time buyers to have queries. You might be curious about tips for first-time homeowners, or how to secure assistance for down ...

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Understanding Title Insurance Costs: A Beginners Guide

Understanding Title Insurance Costs: A Beginners Guide

September 18, 2023 | Posted by: Joe Cortez

Embarking on the journey of purchasing a new home is thrilling, yet the financial commitment can be daunting. It's imperative for prospective homeowners to take preventive steps to ensure their fina ...

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Closing Costs: What Are They, And How Much Will You Pay?

Closing Costs: What Are They, And How Much Will You Pay?

August 23, 2023 | Posted by: Joe Cortez

Understanding Closing Costs: What They Are and What You'll Pay When you buy a house, your down payment isn't the only money you'll need at the closing table. Closing costs are additional expenses, se ...

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Navigating High-Interest Rates and Inflation: A Guide to Mortgage Management

Navigating High-Interest Rates and Inflation: A Guide to Mortgage Management

August 5, 2023 | Posted by: Joe Cortez

Introduction As your trusted mortgage professional, I understand that the current economic backdrop in the USA is posing challenges for many homeowners. With interest rates and inflation on the ris ...

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Federal Reserve issues FOMC statement

Federal Reserve issues FOMC statement

July 27, 2023 | Posted by: Joe Cortez

Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains eleva ...

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How To Calculate Home Equity: A Step-By-Step Guide

How To Calculate Home Equity: A Step-By-Step Guide

July 10, 2023 | Posted by: Joe Cortez

How to Calculate Your Home Equity Understanding Home Equity Home equity represents the portion of your home's value that you truly own as a homeowner. Determining Your Home Equity ...

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June 14-2023 - Federal Reserve issues FOMC statement

June 14-2023 - Federal Reserve issues FOMC statement

June 15, 2023 | Posted by: Joe Cortez

Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remain ...

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Closing Costs: What Are They, And How Much Will You Pay?

Closing Costs: What Are They, And How Much Will You Pay?

June 14, 2023 | Posted by: Joe Cortez

Closing Costs: What Are They, And How Much Will You Pay? Your down payment isn't all you need to bring to the closing table when you buy a home. Closing costs are expenses beyond the down payment, ...

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How Much House Can I Afford?

How Much House Can I Afford?

June 10, 2023 | Posted by: Joe Cortez

Introduction Hey there! Have you ever wondered how much house you can afford? Well, it's an important question to ask before making any big decisions. In this article, we're going to dive into a si ...

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First-Time Home Buyer Budgeting: What You Need to Know

First-Time Home Buyer Budgeting: What You Need to Know

April 20, 2023 | Posted by: Joe Cortez

As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ...

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Decisions Regarding Monetary Policy Implementation Issued March 22, 2023

Decisions Regarding Monetary Policy Implementation Issued March 22, 2023

March 22, 2023 | Posted by: Joe Cortez

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on March 22, 2023: •  ...

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Selling Your Home in the Winter: How You Can Make the Most of It

Selling Your Home in the Winter: How You Can Make the Most of It

March 5, 2023 | Posted by: Joe Cortez

Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ...

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New Home Sales Hit 10-Month High, Despite Some Regional Decline

New Home Sales Hit 10-Month High, Despite Some Regional Decline

February 27, 2023 | Posted by: Joe Cortez

New home sales edged a little further out of a lengthy slump in January, topping 600,000 units for the second straight month. The U.S. Census Bureau and the Department of Housing and Urban Development ...

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Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September

Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September

February 27, 2023 | Posted by: Joe Cortez

Mortgage interest rates fell for the third straight week, while mortgage demand also rose again. Total application volume increased 7% last week compared with the previous week, according to the Mo ...

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Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

December 28, 2022 | Posted by: Joe Cortez

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

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Fed raises interest rates again, hints at smaller increases ahead

Fed raises interest rates again, hints at smaller increases ahead

November 2, 2022 | Posted by: Joe Cortez

Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting sup ...

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Best Ways to Plan for Your Down Payment

Best Ways to Plan for Your Down Payment

October 19, 2022 | Posted by: Joe Cortez

Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ...

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Decisions Regarding Monetary Policy Implementation Issued September 21, 2022

Decisions Regarding Monetary Policy Implementation Issued September 21, 2022

September 21, 2022 | Posted by: Joe Cortez

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on September 21, 2022: •& ...

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How Mortgage Rates Affect Buying Power?

How Mortgage Rates Affect Buying Power?

September 16, 2022 | Posted by: Joe Cortez

How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ...

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Should You Pay Off Your Mortgage Early?

Should You Pay Off Your Mortgage Early?

August 24, 2022 | Posted by: Joe Cortez

It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ...

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Implementation Note issued June 15, 2022

Implementation Note issued June 15, 2022

June 15, 2022 | Posted by: Joe Cortez

Decisions Regarding Monetary Policy Implementation The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its ...

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How a Mortgage Pre-Approval Can Protect You from Rising Rates

How a Mortgage Pre-Approval Can Protect You from Rising Rates

May 26, 2022 | Posted by: Joe Cortez

With interest rates rising, it's important to lock in a lower rate as soon as possible. You can do this with the right home mortgage pre-approval. Find out how! Do you plan on searching for and buy ...

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Decisions Regarding Monetary Policy Implementation issued May 4, 2022

Decisions Regarding Monetary Policy Implementation issued May 4, 2022

May 5, 2022 | Posted by: Joe Cortez

Decisions Regarding Monetary Policy Implementation The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its s ...

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How is a Private Mortgage Different Than a Traditional Bank Mortgage

How is a Private Mortgage Different Than a Traditional Bank Mortgage

May 4, 2022 | Posted by: Joe Cortez

Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate ...

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Implementation Note issued March 16, 2022

Implementation Note issued March 16, 2022

March 16, 2022 | Posted by: Roar Solutions

Decisions Regarding Monetary Policy Implementation The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its ...

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Implementation Note issued January 26, 2022

Implementation Note issued January 26, 2022

January 26, 2022 | Posted by: Joe Cortez

Decisions Regarding Monetary Policy Implementation The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its ...

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Top 10 Questions to Ask Your Mortgage Broker in Florida

Top 10 Questions to Ask Your Mortgage Broker in Florida

January 19, 2022 | Posted by: Joe Cortez

Top 10 Questions to Ask Your Mortgage Broker The mortgage world can sometimes be difficult to navigate when buying a home. However, an experienced Mortgage Broker can help walk you through the proces ...

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How Much of A Mortgage Can You Afford?

How Much of A Mortgage Can You Afford?

January 5, 2022 | Posted by: Joe Cortez

How Much of a Mortgage Can You Afford? Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer's due diligence in calculating how much mortgage ...

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Decisions Regarding Monetary Policy Implementation issued December 15, 2021

Decisions Regarding Monetary Policy Implementation issued December 15, 2021

December 15, 2021 | Posted by: Joe Cortez

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on December 15, 2021: • The Board of ...

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Prequalification and Pre-Approval—What is the Difference? Home Buying in Florida

Prequalification and Pre-Approval—What is the Difference? Home Buying in Florida

December 15, 2021 | Posted by: Joe Cortez

What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter ...

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What to do if You Are Denied a Mortgage

What to do if You Are Denied a Mortgage

November 24, 2021 | Posted by: Joe Cortez

What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f ...

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How to Know if it's Time to Refinance

How to Know if it's Time to Refinance

November 3, 2021 | Posted by: Joe Cortez

How to Know if it's Time to Refinance According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits ...

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What Is Home Equity and How Can I Build It?

What Is Home Equity and How Can I Build It?

October 6, 2021 | Posted by: Joe Cortez

Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen ...

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Decisions Regarding Monetary Policy Implementation issued September 23, 2021

Decisions Regarding Monetary Policy Implementation issued September 23, 2021

September 23, 2021 | Posted by: Joe Cortez

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on September 22, 2021: • The Board of ...

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Getting a Mortgage as a Student

Getting a Mortgage as a Student

August 18, 2021 | Posted by: Joe Cortez

Purchasing a home is most likely one of the most sizable purchases most of us will ever make, and finally, buying a home is a dream come true for most. For students, it may seem like this dream is fo ...

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What Happens if You Lose Your Job Before Closing?

What Happens if You Lose Your Job Before Closing?

August 4, 2021 | Posted by: Joe Cortez

A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it's not ...

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 Decisions Regarding Monetary Policy Implementation issued July 28, 2021

Decisions Regarding Monetary Policy Implementation issued July 28, 2021

July 28, 2021 | Posted by: Joe Cortez

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on July 28, 2021: • The Board of Govern ...

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How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in  Florida

How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in Florida

July 21, 2021 | Posted by: Joe Cortez

When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with ...

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Risks of Putting Down a Firm Offer with a Pre-Approval Florida

Risks of Putting Down a Firm Offer with a Pre-Approval Florida

July 7, 2021 | Posted by: Joe Cortez

Risks of Putting Down a Firm Offer with a Pre-Approval Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you fin ...

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Decisions Regarding Monetary Policy Implementation issued April 28, 2021

Decisions Regarding Monetary Policy Implementation issued April 28, 2021

April 28, 2021 | Posted by: Joe Cortez

The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on April 28, 2021: • The Board of Gov ...

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