Inflation continues to climb
Many economists expected yesterday’s Consumer Price Index Report (CPI) to show inflation down by 0.1%, instead it rose 0.1% for the past month and 8.3% for the year. This sent the stock market plunging and the bond market reeling. While the 30-year fixed had settled into the high 5% range the last couple days, it’s jumped up as well to 6.28%. The hope was we’d see inflation cooling even more and maybe the Fed backing off their hawkish tone on interest rate hikes. This however will certainly convenience them to keep charging forward in their war on inflation.
Carpet vs. Hardwood Flooring
Hardwood floors seem to be a growing trend in homes for a variety of reason: durability, allergy issues, timeless beauty. Obviously, your home can be a mix of both. Most people prefer carpeting in the bedrooms and hardwood for kitchens, living rooms and dining rooms. Pets are another reason people are opting for hardwood flooring in more rooms. The biggest difference between the two is costs. Especially right now with the price of wood still high due to pandemic-related supply chain issues.
Finding the right home insurance
When it comes to insuring your home, don’t base your decision solely on price. While it’s tempting, your home is your biggest investment and there are a number of factors to consider to make sure it’s properly protected.
Look for a reputable company with a long history in the business. Make sure your coverage levels aren’t the required minimums, but will actually cover the home you live in. Oftentimes homeowners will bundle their home coverage with their cars, motorcycle or boat and life to get a better price. This is when an agent can be invaluable to help find savings.
If you’re not sure where to start, try working with an insurance partner who can help you find the right coverage at the right price.
Pre-Approval
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in under 10 minutes. Grab a few important documents to get started.
- Tax Returns
- Copies of W-2s (or 1099s for independent contractors,
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- A bank statement
- Loan obligation info (student loans,
auto loans and credit cards)
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All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
John Kistner is Guaranteed Rate’s Market Analyst. Market Updates are designed to provide readers with a high-level yet insightful view of how economic news, events and trends affect mortgage rates and the homebuying process.