What’s Ahead For Mortgage Rates This Week – December 16th, 2024

Last week featured a light release schedule, with the key highlights being the CPI and PPI reports. The CPI has proven to be exactly within expectations, signaling the Federal Reserve should be on track for another planned rate cut. However, this was offset by higher-than-expected PPI inflation. Despite these mixed signals, both indicators show stable trends, and overall inflation appears to be moving toward the Federal Reserve's target. The Federal Reserve remains committed to reducing inflation until their goal is achieved. Consumer Price Index Consumer prices rose in November at the fastest pace in seven months. Still, the latest inflation…
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How to Buy a Home if You Owe Taxes

If you're considering buying a home while dealing with unpaid taxes, you might be wondering how your tax debt affects your mortgage approval. The good news is, it is possible to buy a home even if you owe taxes. Here’s what you need to know about how owing taxes can impact your homebuying process. How Owing the IRS Affects Buying a Home You might not need to wait until your tax debt is completely paid off to apply for a mortgage. It’s important to speak with a loan officer who can guide you through your options based on your specific…
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How Single Moms Can Achieve Homeownership with First-Time Homebuyer Grants

Owning a home is an important goal for many people, and as a single mom, it can sometimes feel like a distant dream. But the reality is that homeownership is more achievable than you might think, especially when you know about the financial resources and programs available to you. First-time homebuyer grants, special loan programs, and down payment assistance can help you overcome the financial barriers that might otherwise stand in your way. Here's what single moms should know about these opportunities. Understanding First-Time Homebuyer Grants First-time homebuyer grants are specifically designed to help individuals, especially those with low to…
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