One of the most immediate consequences of a short sale is its impact on your credit score. When you sell your home for less than the amount owed on your mortgage, the lender reports the debt as “settled” or “paid less than the full amount,” which can significantly lower your credit score.
There’s a consistent trend of inflation slowing down which brings a greater potential for the end of any rate hikes from the Federal Reserve, signaling a soft-landing for the economy which has been touted by Jerome Powell. With a soft landing, it does also signal a strong potential for the Federal Reserve to begin lowering rates in the coming future.
The week following the FOMC rate decision meetings are typically very light, with the two most influential releases being the University of Michigan Consumer Sentiment and the weekly Job Claims reports. The more positive news is mortgage lending rates have been on the decline in the last two weeks.
Halloween is a thrilling time of the year, filled with spooky costumes, delicious treats, and […]
This week’s most significant data offered preliminary numbers for manufacturing and services PMI (Purchasing Managers […]
If you have been declined for a mortgage, you may think that buying that new […]
“No-deposit” mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase […]
A closed-end second mortgage is a type of loan that allows a borrower to obtain […]
When a borrower applies for a mortgage loan, the lender typically requires proof of insurance […]
This week featured the usual retail sales report which shows consumer demand and as well […]
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