This week’s most significant data offered preliminary numbers for manufacturing and services PMI (Purchasing Managers Index). Both can serve as a forward indicator for the economy while providing insight into the current state of the cost of living for the service industry. While manufacturing met an expected rise for the end of October, services saw a contraction, falling to 46.6 from 49.3. Readings below 50.0 can be a sign of a downturn for the economy, particularly given the time of the year.
Mortgage Applications & Rates Indices
MBA Mortgage Applications Index saw a reduction of -1.0% … [Read More...]
When it comes to home improvements, many homeowners are opting for the do-it-yourself (DIY) approach. DIY home improvements not only allow you to save money but also provide a sense of accomplishment and personalization. Whether you're fixing a leaky faucet or renovating an entire room, taking on home improvement projects can have numerous benefits that extend beyond physical transformation.
Cost Savings:
One of the most compelling reasons to tackle DIY home improvements is the potential for significant cost savings. Hiring professionals can be expensive, especially for minor repairs or … [Read More...]
When it comes to purchasing a home, one of the most significant financial decisions you'll make is how much to put down as a down payment. Your down payment not only affects the amount you need to borrow but also plays a vital role in determining your mortgage interest rate and overall financial stability. Here are crucial tips to keep in mind when making a down payment for a home:
Determine Your Budget and Financial Goals:
Before you start setting aside money for a down payment, you must understand your budget and financial goals. Assess your current financial situation, including your … [Read More...]
When it comes to selling a house, homeowners have different options available to them. One approach that some sellers consider is selling their house "as-is." This means selling the property in its current condition without making any repairs or renovations.
Pros of Selling a House "As-Is"
Convenience: One of the primary advantages of selling a house as-is is the convenience it offers. By selling the property in its current condition, you can avoid the time, effort, and cost associated with repairs and renovations.
Cost Savings: Selling a house as-is can potentially save you money. When you … [Read More...]
If you're worried about your bad credit, you'll want to do everything in your power to improve your rating as quickly as possible - especially if you have a major purchase coming up. Improving your credit rating can give you access to better interest rates on mortgages or even help you to get that job you're after.
IMPORTANT! If you are currently involved in a home loan transaction, speak with your trusted mortgage lender before taking any action regarding your credit!
So how can you boost your FICO score quickly and easily? Here's what you need to know.
Get Your Credit Report And Dispute … [Read More...]
This week featured the usual retail sales report which shows consumer demand and as well as an indicator of the velocity of money, not only for consumers but business to business as well. An increase would show an increase in national and local increase in economic activity, which is important as we move into Q4 of the year; where the holiday season is expected to see an increase in consumer activity.
Retail Sales
Retail sales have exceeded expectations this month showing month-to-month increases across the board:
Retail sales are up 0.7% from the previous month with an expected increase … [Read More...]
