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Mortgage rates are back at more than 7%, at their highest levels in two weeks before the Fed
Mortgage

Mortgage rates are back at more than 7%, at their highest levels in two weeks before the Fed

Ch Amir AdvocateJuly 25, 2023
Mortgage rates have moved moderately higher for the average lender at some point over the past couple of days. Some lenders bumped interest rates yesterday afternoon, so they didn't need...
Mixed results in home price estimation on an annual basis
Mortgage

Mixed results in home price estimation on an annual basis

Ch Amir AdvocateJuly 25, 2023
The Case-Shiller S&P CoreLogic Indexes posted annual declines in home prices for the second straight month in May, while the Federal Housing Finance Agency's (FHFA) Housing Price Index continues to...
Same wait, a little less comfort
Mortgage

Same wait, a little less comfort

Ch Amir AdvocateJuly 25, 2023
After the latest CPI report sent interest rates into the prevailing summer range, we figured we'd have to wait until tomorrow's Fed day for the next big shoe drop. While...
How do I benefit from mortgage rates with good credit?
Mortgage

How do I benefit from mortgage rates with good credit?

Ch Amir AdvocateJuly 25, 2023
4. Keep Old Lines of Credit Open It's important that you don't close old lines of credit, even after you've paid them off. While closing unused accounts may seem like...
The effect of insuring the national average mortgage is $55,000
Mortgage Mortgage News Mortgage Rates

The effect of insuring the national average mortgage is $55,000

Ch Amir AdvocateJuly 25, 2023
You may have heard the phrase mortgage rate lock-up recently, as a quick update, it is the unwillingness of a homeowner to part with a very low mortgage rate for...
Did the Bank of Canada go too far in raising interest rates?  Tal from CIBC thinks so.
Bank of Canada Bank of Canada GDP forecast Bank of canada rate expectations bank of canada rate hikes ben tal BoC boc forecasts BoC rate hike Interest Rates Mortgage mortgage rate trends

Did the Bank of Canada go too far in raising interest rates? Tal from CIBC thinks so.

Ch Amir AdvocateJuly 24, 2023
There is a strong case to be made that the Bank of Canada has raised rates too high. This is according to CIBC Deputy Chief Economist Ben Tal, who says...
Mortgage rates unchanged to slightly higher
Mortgage

Mortgage rates unchanged to slightly higher

Ch Amir AdvocateJuly 24, 2023
It was a fairly quiet day for mortgage rates for the average lender -- at least until the end of the business day. Mortgage lenders prefer to set rates once...
Slightly weaker momentum, but no change in the bigger picture
Mortgage

Slightly weaker momentum, but no change in the bigger picture

Ch Amir AdvocateJuly 24, 2023
Slightly weaker momentum, but no change in the bigger picture 1 hour, 27 min ago Slightly weaker momentum, but no change in the bigger picture today The most notable market...
The pre-Powell baseline remains intact heading into the new week
Mortgage

The pre-Powell baseline remains intact heading into the new week

Ch Amir AdvocateJuly 24, 2023
Early last week, we moved away from waiting for additional upward momentum from last week's rally to a waiting pattern ahead of this week's Fed meeting. At the time, the...
How to become a loan officer in texas
Mortgage

How to become a loan officer in texas

Ch Amir AdvocateJuly 24, 2023
How much a loan officer earns depends on where they work. Some mortgage loan officers earn a fixed salary, while others earn a salary plus commission. Typically, commissions are calculated...

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  • Mortgage rates are back at more than 7%, at their highest levels in two weeks before the Fed
  • Mixed results in home price estimation on an annual basis
  • Same wait, a little less comfort
  • How do I benefit from mortgage rates with good credit?
  • The effect of insuring the national average mortgage is $55,000
  • July 2023
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Mortgage rates are back at more than 7%, at their highest levels in two weeks before the Fed

Mixed results in home price estimation on an annual basis

Same wait, a little less comfort

How do I benefit from mortgage rates with good credit?

The effect of insuring the national average mortgage is $55,000

Did the Bank of Canada go too far in raising interest rates? Tal from CIBC thinks so.

Mortgage rates unchanged to slightly higher

Slightly weaker momentum, but no change in the bigger picture

The pre-Powell baseline remains intact heading into the new week

How to become a loan officer in texas

Daily Newsletter: Monday, July 24, 2023

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