What’s Ahead For Mortgage Rates This Week – October 19, 2020

Last week’s economic reporting included readings on inflation, retail sales, and consumer sentiment. Weekly readings on average mortgage rates and jobless claims were also released. Inflation Rate Slows as Retail Sales Increase Inflation rose 0.20 percent in September, which was the slowest growth rate in four months. Analysts credited the rise in consumer prices to less post-pandemic price shock as consumers adjusted to higher prices for goods. Consumer prices were boosted by used vehicle prices, which increased at their highest pace in 51 years. Core consumer prices, which exclude volatile food and fuel sectors, also rose by 0.20 percent in September as compared to August’s reading of 0.40 percent. The Commerce Department reported higher retail sales growth in September at a pace of 1.90 percent...

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3 Tips To Get The Most Out Of Your Plumbing

Everyone wants their pipes to last as long as possible, but there are a couple of simple problems that might be sucking the life out of your plumbing. Long-term stress is the enemy when it comes to your water system. The three most common enemies are high water pressure, mineral-laden hard water, and grease. Avoid these three mistakes, and your water system will last years longer. Take The Pressure Off Your Pipes You might enjoy high water pressure when you’re taking a shower, but your pipes aren’t enjoying it at all. Over time, this high pressure stresses your plumbing system and can lead to leaks. Is your high-pressure shower worth an expensive plumbing leak? To test your water pressure, you’ll have to hire a professional....

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Falling In Love With An Imperfect Home

When people start the process of trying to find a home, they want to make sure that they take the time to get this decision right. The reality is that a home is the most expensive purchase that most people are ever going to make. As a result, they need to make sure they find a home that will meet their needs. At the same time, it will be hard to find a home that is truly perfect. Therefore, it is a great idea for everyone to come up with a list of necessities and a list of features on which they can be more flexible. How can people do this? How can people fall in love with an imperfect home? Remember That There Are...

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Have You Had Trouble Getting a Mortgage? Three Tips for Sprucing Up Your Credit Before Reapplying

If you’ve had some trouble getting approved for a mortgage recently, you’re not alone. Many individuals face mortgage challenges due to past blemishes on their credit reports or a personal financial crisis that resulted in bills not being paid on time. In this post we’ll share three quick tips for sprucing up your personal credit before reapplying for a mortgage. With a bit of luck and hard work you can be on your way to purchasing that new dream home. Pay Off Your Credit Cards And Lines Of Credit The easiest way to improve your credit score and prove that you can afford your mortgage payments is to eliminate other forms of debt from your monthly budget. If you have outstanding credit card, student loan...

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Getting A Home Mortgage Through Virtual Lending

There are many people who are looking to buy a home during the COVID-19 pandemic; however, given the public health crisis that the pandemic has created, some potential homeowners are finding it difficult to go about buying a home in the traditional manner. As a result, banks and credit unions have woken up to a major shift in society as they have had to catch up to the digital age. Right now, there are record numbers of people who are looking to buy a new home or refinance due to the massive rate cuts that the government has instituted in an effort to jump-start the economy. At the same time, without virtual lending options, banks and credit unions might miss out. This has led to...

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