What happened with inflation & mortgage rates?

Inflation | Mortgage Rate News

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.

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. Loan obligation info (student loans,
    auto loans and credit cards)

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. 

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