Category Archives: Business

Mortgage Update

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Words matter a lot, even in the financial industry. On Wednesday, Federal Reserve Chairman Jerome Powell indicated that interest rates were sitting “just below” neutral, meaning they’re right at that point where they neither bolster nor slow down the economy. Those words sent the stock market skyrocketing, the Dow jumping 2.5 percent after Powell’s speech. […]

Mortgage Market Update

Inflation concerns have been bolstered by the largest wage and salary jump in nearly a decade. The Labor Department’s jobs report released this week shows a 3.14 percent increase in wages and salaries over the last year. That’s the most wages have gone up in a year since April of 2009. Contributing in large part […]

Housing Market Shift?

Another bump in long-term interest rates this week may signal a shift in the housing market. Just two years ago the rate on a 30-year fixed-rate mortgage dropped below 3.5 percent. This week, that interest rate is quickly approaching 5% as Freddie Mac reported that the average 30 year mortgage rate hit 4.90% the highest […]

Renovation Refinance

The average national cost of adding a room or building an addition is $43,256, with most homeowners spending between $20,914 and $66,699. This data is based on actual project costs as reported by HomeAdvisor members. Many homeowners eventually come to that daunting dilemma: whether to buy their dream house or transform their current home into […]

Government home loans and their benefits

Contact Kelly Lebor at Movement Mortgage to get pre approved TODAY. Finding a home loan that fits your budget can be difficult. You may not have enough money saved for a large down payment or a high enough credit score to qualify for some loans, but don’t fret, government loans are here to rescue you. […]

What's An Appraisal?

What’s An Appraisal? It’s time for this week’s Mortgage Minute, where we answer your housing questions in 60 seconds for less. Today’s question: “What’s an appraisal and its protocol?”   ABOUT THE AUTHOR: ADAM CONSTANTINE Adam Constantine is a Digital Content Strategist at Movement Mortgage and contributing author to the Movement Blog. He is a […]

Interest Rates Increase

Headwinds in the housing market were on display this week as the Federal Reserve continued forward on its path to increase interest rates, while home sales and price data softened. The week’s top financial headline was the Fed’s expected decision to increase interest rates for a third time this year. The federal funds target rate […]