This week saw market volatility continue as investors grapple with the uncertain economic outlook. Remarkably, Congress managed to avert a shutdown in the eleventh hour last week, allowing crucial economic data reports to proceed until at least November 17. However, this short-term funding deal came at a cost – Speaker Kevin McCarthy was ousted. This …
The Fed’s Attention Turns to Elevated Jobs Report Read More »
Owning a home can be the best feeling ever! You finally have a place to call your own, make fun memories in and show off your decorating superpowers, but there could be something lurking in the background to be aware of. It could be carbon monoxide, a colorless, odorless and poisonous gas that can spread …
How to protect your home against carbon monoxide poisoning Read More »
It has undeniably been a challenging week, despite the limited economic data releases. Since the start of the week, we have seen yields on the 10-year Treasury rise over 20 bps as of Thursday morning. This quick ascent has put increased pressure on mortgage rates that were still recovering from a substantial jump last week. …
A potential government shutdown could affect rates Read More »
Hunting for your new home can be exciting and exhausting. You get to explore the available homes out there and decide which one you want to make memories in. However, if you feel like you’ve exhausted all your options and keep getting outbid by other offers, you might think waiting is your best strategy. BUT …
Is bidding over asking price the right strategy for you? Read More »
No one has all the answers when it comes to understanding the housing market. Just when you think you’ve figured it out, it throws you a curveball. Still, you probably have some underlying questions about how today’s conditions can affect your chances of buying a home and getting a mortgage. So let’s tackle a few …
3 questions about mortgage rates in today’s housing market Read More »
A more hawkish Fed. That was the tone of the FOMC meeting on Wednesday. As expected, the FOMC opted to keep rates unchanged for this month. However, what caught many by surprise was the Fed’s future guidance. Twelve out of the nineteen members projected another rate hike in 2023, while the committee reduced its rate …
When it comes to purchasing a home, the traditional belief was that a 20% down payment was necessary. However, saving up that much can be tough, especially for first-time homebuyers or anyone looking to enter today’s housing market quickly. This is where private mortgage insurance (PMI) comes into play, offering an alternative for borrowers who …
What is private mortgage insurance (and how can I avoid it)? Read More »
This week’s economic data featured inflation reports from both the consumer (CPI) and producer (PPI) perspectives. While the headline figures showed an uptick, a significant portion of this increase can be attributed to rising energy prices, which are expected to stabilize or decrease in the coming months. As a result, this week’s data isn’t expected …
Economic data reveals competitive edge for homebuyers Read More »
While Movement Mortgage has really reduced the time it takes to close on even the most straightforward of home loans, each situation is unique and there can still be hurdles. These 9 tips offer insight for avoiding pitfalls between application and closing, so you can help make your loan process as quick and easy as …
The holiday-shortened week has given the markets a brief break from significant economic data. However, that doesn’t mean they took the entire week off. Earlier this week, ISM (Institute of Supply Management) data came in hotter than expected, indicating that despite recent reports signaling economic slowdowns, there are still pockets of resilience. This is further …
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