Blog - Page 49 of 122 - Lori Blank & Associates

06

Nov

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Financial Reports

What’s Ahead For Mortgage Rates This Week – November 6, 2023

The most important data of the quarter was released, signaling the direction for many markets and where economic policy may be headed. Jerome Powell as well as other members of the Federal Reserve spoke about the state of economic policy, informing many parties about their decisions to remain hawkish or dovish in their approach. Further rate hikes could tell a story that inflation is not yet under control and the Federal Reserve feels the need to continue these rate hikes, which will have a significant impact on the lending markets as a whole. FOMC Rate Decision While Fed Chair Jerome…

03

Nov

By Lori Blank

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Home Exterior

Maximize Your Backyard’s Privacy With These Unique Ideas

One of the most effective ways to increase privacy in your backyard is to plant trees and shrubs. Choose fast-growing evergreen trees and shrubs that will provide year-round coverage. You can also plant a mix of tall and short plants to create layers of privacy. Below are some additional ways to create more privacy. Install a Privacy Fence: A privacy fence is a classic way to create privacy in your backyard. You can choose from a variety of materials like wood, vinyl, or metal. You can also add a lattice or trellis to the top of the fence for extra…

02

Nov

By Lori Blank

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Homebuyer Tips

How to Go From Renting to Owning a Home

Going from renting to owning a home can be a significant financial and personal milestone, but it requires careful planning and preparation. Here are some steps to take to make the transition from renting to owning: Determine your budget: Calculate your current expenses and income to determine how much you can afford to spend on a home. Consider factors such as down payment, closing costs, monthly mortgage payments, property taxes, and homeowner's insurance. Save for a down payment: A down payment is typically required when purchasing a home, and the larger the down payment, the lower your monthly mortgage payments…

01

Nov

By Lori Blank

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Around The Home, Holiday Tips

Home for the Holidays: Maximizing Your Space for Guests

As the holiday season approaches, many of us look forward to spending quality time with family and friends. It's a time for creating cherished memories, sharing delicious meals, and catching up with loved ones. If you're hosting guests in your home this holiday season, it's essential to make them feel comfortable and welcome. Here are some tips to help you maximize your space and ensure a warm and inviting atmosphere for your holiday guests. Declutter and Organize: The first step in preparing your home for holiday guests is to declutter and organize your space. Clear away any unnecessary items to…

31

Oct

By Lori Blank

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Holiday Tips, Holidays

Halloween Safety: Protecting Your Family and Home

Halloween is a thrilling time of the year, filled with spooky costumes, delicious treats, and endless fun. It is also important to remember that safety should always come first. Whether you're a parent, homeowner, or someone simply looking out for your community, keeping your family and home safe on Halloween is a top priority. Here are some valuable tips to ensure that the holiday remains full of treats and without any tricks. Home Security Matters: Securing your home is vital during Halloween. With increased foot traffic around your property, consider the following: Ensure all doors and windows are securely locked.…

30

Oct

By Lori Blank

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Financial Reports

What’s Ahead For Mortgage Rates This Week – October 30, 2023

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% in applications for the…

27

Oct

By Lori Blank

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Around The Home

Transforming Your Space One Project at a Time

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 aesthetic upgrades. By doing the work yourself, you can avoid labor…

26

Oct

By Lori Blank

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Homebuyer Tips

Important Tips When Making a Down Payment for a Home

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…

25

Oct

By Lori Blank

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Selling Your Home

Pros, Cons, and Considerations When Selling a House “As-Is”

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 sell a property in…

24

Oct

By Lori Blank

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Home Buyer Tips

Worried about Your FICO Score? 4 Easy Strategies to Fix It Up

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…