Mortgage Blog
Getting you the mortgage you deserve
Category: Mortgage (42 posts)
7 Things to Know When You Are Looking to Purchase a Cottage or Vacation Home
July 8, 2024 | Posted by: Michael McMullen
Purchasing a cottage or vacation home can be a dream come true, offering a serene retreat from everyday life. However, it's essential to approach this investment with careful planning and knowledge. H ...
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Make Your Home Dreams a Reality!
June 26, 2024 | Posted by: Michael McMullen
“Unlocking Your Homeownership Dreams: How I Can Help” Introduction ???? Excited to help Wexford, Pennsylvania residents achieve their Wexford mortgage loan officer homeownership dreams! ...
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How Interest Rates Affect Housing in the USA
June 19, 2024 | Posted by: Michael McMullen
Suppose you've been watching the news or talking to friends about the housing market. In that case, you've probably heard about rising interest rates. But what does that actually mean for you? Let's b ...
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June 12 - 2024 - Federal Reserve issues FOMC statement
June 12, 2024 | Posted by: Michael McMullen
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past ...
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Does a Mortgage Refinance Require an Appraisal?
June 4, 2024 | Posted by: Michael McMullen
When considering refinancing your mortgage, many questions arise, and one of the most common is whether an appraisal is necessary. Understanding the role of an appraisal in the refinancing process c ...
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Unlocking Financial Flexibility: The Benefits of a Cash-Out Refinance
May 23, 2024 | Posted by: Michael McMullen
Unlocking Financial Flexibility: The Benefits of a Cash-Out Refinance When managing your finances, leveraging the equity in your home can be a powerful strategy. One popular method for doing this ...
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Understanding FHA Loans: A Guide for Homebuyers
May 8, 2024 | Posted by: Michael McMullen
As a mortgage professional, I've guided many clients through obtaining a home loan. One of the most popular options for first-time homebuyers and those with less-than-perfect credit is available ...
read moreMay 1-2024 - Federal Reserve issues FOMC statement
May 1, 2024 | Posted by: Michael McMullen
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past ...
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Refinancing to a 15-year mortgage: Items to consider
April 24, 2024 | Posted by: Michael McMullen
Refinancing to a 15-year mortgage can be a beneficial decision for homeowners. It can help you pay off your mortgage faster and save money on interest payments in the long run. However, there are se ...
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Navigating Your First Home Purchase: A Step-by-Step Mortgage Guide
April 8, 2024 | Posted by: Michael McMullen
Hey there, future homeowners! Embarking on the journey to buy your first home is like setting sail on an epic adventure. It's thrilling, a bit overwhelming, and packed with moments that'll have you ri ...
read moreRate Hold - March 20, 2024
March 20, 2024 | Posted by: Michael McMullen
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year ...
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When Steady Interest Rates Meet Rising Home Sales
February 28, 2024 | Posted by: Michael McMullen
In the ever-evolving landscape of the American housing market, we find ourselves at a crossroads where interest rates are holding steady, yet home sales are on an upward trajectory. This scenario ...
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Using Home Equity Loans to Pay Off High-Interest Debt: Should You Do It?
February 19, 2024 | Posted by: Michael McMullen
Are you considering the leap to use a home equity loan to pay off high-interest debt? The allure is evident - with typically lower fixed interest rates than credit cards, these loans offer potential s ...
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Is an FHA Loan Right for You?
February 5, 2024 | Posted by: Michael McMullen
FHA Loans vs. Conventional Loans: Which Is Right for You? As a mortgage loan officer in Wexford, PA, you’re well aware that homebuyers have various financing options. Two popular choices are FH ...
read moreJanuary 2024 Rate Update - Federal Reserve issues FOMC statement
February 1, 2024 | Posted by: Michael McMullen
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remain strong, and the unemployment rate has remained low. Inf ...
read moreDecember 2023 Rate Update - Federal Reserve issues FOMC statement
December 13, 2023 | Posted by: Michael McMullen
Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemp ...
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Navigating the New Normal: How Remote Work is Reshaping the US Mortgage and Real Estate Landscape
December 3, 2023 | Posted by: Michael McMullen
In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ...
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Unlock Your Home’s Potential: Using Home Equity for Renovations
November 15, 2023 | Posted by: Michael McMullen
What is home equity? Imagine your home is a piggy bank, except instead of spare change, it's filled with the value you've built up over time. Home equity is the difference between your home's market ...
read moreFederal Reserve issues FOMC statement - Nov 1, 2023
November 1, 2023 | Posted by: Michael McMullen
Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has rem ...
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Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice
October 18, 2023 | Posted by: Michael McMullen
Mortgage Brokers vs. Direct Lenders: Why a Broker Might Be Your Best Choice Hi there, prospective homeowner! Dive into any mortgage conversation, and you'll hear the terms "mortgage brokers" an ...
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When Your Dream Home Catches Your Eye: Be Prepared to Seal the Deal
October 10, 2023 | Posted by: Michael McMullen
The thrill of finding your dream home is unmatched and can be very exciting. Once you stumble upon the perfect home within your budget, it's time to step up and make a proposition. But before you do, ...
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A Guide To First-Time Home Buyer Programs, Loans And Grants
September 30, 2023 | Posted by: Michael McMullen
Purchasing a home involves many considerations, and it's common for first-time buyers to have queries. You might be curious about tips for first-time homeowners, or how to secure assistance for down ...
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Understanding Title Insurance Costs: A Beginners Guide
September 18, 2023 | Posted by: Michael McMullen
Embarking on the journey of purchasing a new home is thrilling, yet the financial commitment can be daunting. It's imperative for prospective homeowners to take preventive steps to ensure their fina ...
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Closing Costs: What Are They, And How Much Will You Pay?
August 23, 2023 | Posted by: Michael McMullen
Understanding Closing Costs: What They Are and What You'll Pay When you buy a house, your down payment isn't the only money you'll need at the closing table. Closing costs are additional expenses, se ...
read moreNavigating High-Interest Rates and Inflation: A Guide to Mortgage Management
August 5, 2023 | Posted by: Michael McMullen
Introduction As your trusted mortgage professional, I understand that the current economic backdrop in the USA is posing challenges for many homeowners. With interest rates and inflation on the ris ...
read moreFederal Reserve issues FOMC statement
July 27, 2023 | Posted by: Michael McMullen
Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains eleva ...
read moreHow To Calculate Home Equity: A Step-By-Step Guide
July 10, 2023 | Posted by: Michael McMullen
How to Calculate Your Home Equity Understanding Home Equity Home equity represents the portion of your home's value that you truly own as a homeowner. Determining Your Home Equity ...
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June 14-2023 - Federal Reserve issues FOMC statement
June 15, 2023 | Posted by: Michael McMullen
Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remain ...
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Closing Costs: What Are They, And How Much Will You Pay?
June 14, 2023 | Posted by: Michael McMullen
Closing Costs: What Are They, And How Much Will You Pay? Your down payment isn't all you need to bring to the closing table when you buy a home. Closing costs are expenses beyond the down payment, ...
read moreHow Much House Can I Afford?
June 10, 2023 | Posted by: Michael McMullen
Introduction Hey there! Have you ever wondered how much house you can afford? Well, it's an important question to ask before making any big decisions. In this article, we're going to dive into a si ...
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First-Time Home Buyer Budgeting: What You Need to Know
April 20, 2023 | Posted by: Michael McMullen
As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ...
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Decisions Regarding Monetary Policy Implementation Issued March 22, 2023
March 22, 2023 | Posted by: Michael McMullen
The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on March 22, 2023: • ...
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Selling Your Home in the Winter: How You Can Make the Most of It
March 5, 2023 | Posted by: Michael McMullen
Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ...
read moreNew Home Sales Hit 10-Month High, Despite Some Regional Decline
February 27, 2023 | Posted by: Michael McMullen
New home sales edged a little further out of a lengthy slump in January, topping 600,000 units for the second straight month. The U.S. Census Bureau and the Department of Housing and Urban Development ...
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Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September
February 27, 2023 | Posted by: Michael McMullen
Mortgage interest rates fell for the third straight week, while mortgage demand also rose again. Total application volume increased 7% last week compared with the previous week, according to the Mo ...
read moreShould You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Michael McMullen
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
read moreFed raises interest rates again, hints at smaller increases ahead
November 2, 2022 | Posted by: Michael McMullen
Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting sup ...
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Best Ways to Plan for Your Down Payment
October 19, 2022 | Posted by: Michael McMullen
Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ...
read moreDecisions Regarding Monetary Policy Implementation Issued September 21, 2022
September 21, 2022 | Posted by: Michael McMullen
The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on September 21, 2022: •& ...
read moreHow Mortgage Rates Affect Buying Power?
September 16, 2022 | Posted by: Michael McMullen
How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ...
read moreShould You Pay Off Your Mortgage Early?
August 24, 2022 | Posted by: Michael McMullen
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ...
read moreImplementation Note issued June 15, 2022
June 15, 2022 | Posted by: Michael McMullen
Decisions Regarding Monetary Policy Implementation The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its ...
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