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29 Nov 2023
By Lonny Levine
Exploring the Diversity of Property Types: Finding Your Ideal Home

Exploring the Diversity of Property Types: Finding Your Ideal Home

Home Mortgages,
When it comes to finding the perfect place to call home, the variety of property types available can be both exciting and overwhelming. The real estate market offers a plethora of options, each with its own unique features, advantages, and considerations. From the cozy solitude of a single-family home to the dynamic potential of multi-family units and beyond, understanding these property types is key to making an informed and satisfying choice. Single-Family Homes: Embrace Privacy and Independence Single-family homes stand out for their independence and privacy. They are typically detached structures, providing you with sole ownership of both the house…
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28 Nov 2023
By Lonny Levine
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Tailored Mortgage Solutions To Fit Your Needs – Get Pre-Approved Today!

Tailored Mortgage Solutions To Fit Your Needs – Get Pre-Approved Today!

Home Financing Tips, Personal Finance
Unlock the door to your dream home with our tailored mortgage solutions! Whether you're buying, refinancing, or securing a VA loan, we've got the keys to your homeownership success. Benefit from same-day pre-approvals, free credit repair, and flexible underwriting. Your dream home journey starts here! Ready to discuss your mortgage goals? Schedule a Call with Me HERE.    
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27 Nov 2023
By Lonny Levine
What’s Ahead For Mortgage Rates This Week – November 27, 2023

What’s Ahead For Mortgage Rates This Week – November 27, 2023

Financial Reports, ,
There will be a very light week with the Holiday season approaching. The only notable reports to have come out for the week are the U.S. economic leading indicators, with nothing scheduled around Thanksgiving weekend. The median forecast for the leading indicators has shown that with the rest of the CPI and PPI data among other economic statistics, the economy does seem to be heading towards a soft landing as the Federal Reserve had initially targeted. The most notable changes are lending partners cutting rates with the potential for shifting economic policies and rate cuts in the future. U.S. Leading…
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22 Nov 2023
By Lonny Levine
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Mortgage rates continue falling before Thanksgiving: Freddie Mac

Mortgage rates continue falling before Thanksgiving: Freddie Mac

Mortgage Rates
In a recent article from Housing Wire, mortgage rates have recently decreased, with the 30-year fixed mortgage rate averaging 7.29% as of November 22, down from 7.44% the previous week but up from 6.58% a year ago. Despite the drop, potential homebuyers are hesitant, waiting for even lower rates and increased housing inventory. Existing home sales have hit a thirteen-year low, attributed to buyers' reluctance and affordability challenges. New construction starts showed strength in October, contrasting with the slump in existing-home sales. Key Points: Mortgage Rate Movement: The 30-year fixed mortgage rate has seen a recent decline, dropping half a…
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21 Nov 2023
By Lonny Levine
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The Role of A Down Payment: How Much Should I Save?

The Role of A Down Payment: How Much Should I Save?

Home Mortgage, ,
Buying a home, a car, or any significant investment often involves making a down payment. The down payment is a crucial part of the purchasing process, as it can impact your loan terms, interest rates, and monthly payments. But how much should you save for a down payment, and why is it so important? Understanding Down Payments A down payment is a portion of the purchase price that you pay upfront when buying a house, a car, or making a large investment. It's a way to demonstrate your commitment to the purchase and reduce the risk for the lender or…
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20 Nov 2023
By Lonny Levine
What’s Ahead For Mortgage Rates This Week – November 20, 2023

What’s Ahead For Mortgage Rates This Week – November 20, 2023

Financial Reports, ,
With the release of the CPI and PPI data, much of the broader market has been anticipating the potential cooling of inflation numbers month-to-month and those expectations have been met. 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.  Consumer Price Index Despite the report beating inflation expectations and…
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14 Nov 2023
By Lonny Levine
Unlocking Home Credits: Major Tax Breaks Revealed

Unlocking Home Credits: Major Tax Breaks Revealed

Taxes, ,
There are several big tax breaks available from home credits that can help homeowners save money on their taxes. Here are some notable examples: Mortgage Interest Deduction: This is one of the largest tax breaks for homeowners. You can deduct the interest paid on your mortgage loan, up to a certain limit, as an itemized deduction on your federal income tax return. The Tax Cuts and Jobs Act of 2017 reduced the mortgage interest deduction limit for new mortgages, but it still remains a significant tax break for many homeowners. Property Tax Deduction: Homeowners can deduct the amount they pay…
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13 Nov 2023
By Lonny Levine
What’s Ahead For Mortgage Rates This Week – November 13, 2023

What’s Ahead For Mortgage Rates This Week – November 13, 2023

Financial Reports, ,
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. Consumer Credit Reports Consumer sentiment fell in November for the fourth month in a row due to tensions with the Middle East and there is lingering hawkishness from the Federal Reserve, which could spell continued rate hikes in the future. The preliminary reading of the sentiment survey declined to 60.4 from…
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