First Time Home Buyers: Private Mortgage Insurance
Understanding Private Mortgage Insurance (PMI) Private Mortgage Insurance (PMI), is a common term in the mortgage industry. If you’re purchasing a home and put down less than 20%, you’re required to carry PMI. This insurance protects the lender in case a borrower defaults on their loan. PMI is typically paid monthly as part of […]
January Market Update
Here is our January 2025 Market update from our preferred lender John Gilfedder! January Market Update In January, the Consumer Price Index (CPI) increased slightly, rising just over 3%, while overall inflation remained at 2.89%, still above the Federal Reserve’s 2% target. As a result, the Fed chose not to cut interest rates, citing a […]
