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What You Need to Know About the 2025 Conforming Loan Limits

What You Need to Know About the 2025 Conforming Loan Limits

The 2025 conforming loan limits are increasing, offering more flexibility for homebuyers. Learn how these updates could impact your borrowing options and make financing a home more accessible.
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A Win for Borrowers and Lenders: Congress Moves to Curb Abusive Trigger Leads

A Win for Borrowers and Lenders: Congress Moves to Curb Abusive Trigger Leads

Congress advances bipartisan bill to curb mortgage trigger leads—protecting borrower privacy and lender-client relationships. Here’s what it means and why it’s a big win for the industry.
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Good News on Inflation, But Don't Expect a Fed Rate Cut

Good News on Inflation, But Don't Expect a Fed Rate Cut

Inflation cooled more than expected, but don’t count on a Fed rate cut just yet. Here’s why mortgage rates may not follow—and what to watch next.
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The Five-Year Rule for Home Price Perspective

The Five-Year Rule for Home Price Perspective

Worried about home prices dipping? History shows they rise over time. If you plan to stay 5+ years, short-term changes are rarely a deal-breaker. Here's why the long view still wins.
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7 Smart Ways to Save More Without Cutting Back

7 Smart Ways to Save More Without Cutting Back

Tight budget? You don’t have to cut joy to save more. These 7 simple tips can help you take control of your finances and reduce stress—without sacrificing the things you love.
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Jobs Report Chases Rates Back Into The Range

Jobs Report Chases Rates Back Into The Range

Rates dipped midweek on weak jobs and services data but surged Friday after a stronger-than-expected jobs report. Now back near 7%, markets await clarity on tariffs, inflation, and spending bills.
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Calmer, Friendlier Week For Rates Amid Mixed Signals For Housing

Calmer, Friendlier Week For Rates Amid Mixed Signals For Housing

Mortgage rates ticked lower this week, despite headlines suggesting otherwise. Mixed housing data and low holiday trading volume kept markets calm—just ahead of big economic reports next week.
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More Homes on the Market Isn’t a Red Flag, It’s Your Window of Opportunity

More Homes on the Market Isn’t a Red Flag, It’s Your Window of Opportunity

More homes are hitting the market—but that’s not a warning sign, it’s your opportunity. Learn why rising inventory signals a healthier housing market and how buyers can benefit right now.
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Spring Surge: Why Homebuyers Are Still Making Moves Even with High Rates

Spring Surge: Why Homebuyers Are Still Making Moves Even with High Rates

Buyers aren’t waiting for rates to drop—they’re making moves this spring. See why demand is rising, what’s impacting affordability, and how The CL Team is helping clients win in today’s market.
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Some Uncertainty at The End of an Otherwise Decent Week

Some Uncertainty at The End of an Otherwise Decent Week

Markets wobbled to close an otherwise stable week. While weak retail data helped rates early on, a late-day credit downgrade and inflation concerns added fresh uncertainty heading into next week.
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Why Buyers Are More Likely To Get Concessions Right Now

Why Buyers Are More Likely To Get Concessions Right Now

Buyers are gaining ground. With more inventory, builders and sellers are offering incentives like rate buy-downs, price cuts, and paid closing costs to help sweeten the deal.
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Fed Rate Expectations Have Fully Erased The Tariff Impact (For Now)

Fed Rate Expectations Have Fully Erased The Tariff Impact (For Now)

Markets are constantly adjusting expectations for Fed rate cuts, but what does that mean for mortgage rates? This post breaks down the latest shifts and what to watch for in the weeks ahead.
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Why Do Some Homes Sell Faster Than Others? Here’s What You Should Know

Why Do Some Homes Sell Faster Than Others? Here’s What You Should Know

Wondering why some homes sell fast while others don’t? It all comes down to strategy. Learn the four key factors that help listings stand out and sell quickly in today’s market.
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Thinking About Moving Again? Here’s Why Now Might Be the Perfect Time

Thinking About Moving Again? Here’s Why Now Might Be the Perfect Time

More inventory, steady demand, and better balance—see why now could be the perfect time to restart your homebuying or selling journey with guidance from The CL Team.
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Rates Move Up After Stronger Economic Data

Rates Move Up After Stronger Economic Data

Stronger-than-expected economic data pushed rates a bit higher this week—get the scoop on what moved the market and what it means for mortgage rates.
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Stocks Are Slipping. Real Estate Is Steady. Here’s Why It Matters.

Stocks Are Slipping. Real Estate Is Steady. Here’s Why It Matters.

Real estate offers stability, growth, and control—especially in today’s market. See why now may be the perfect time to build wealth.
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Markets Calmed Down Immensely This Week. Lowest Rates since April 7th

Markets Calmed Down Immensely This Week. Lowest Rates since April 7th

Markets regained stability after weeks of tariff-driven volatility. Learn how recent political headlines impacted mortgage rates and why upcoming economic data could shift the outlook again.
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How Tariffs Are Impacting the Housing Market — and What That Means for You

How Tariffs Are Impacting the Housing Market — and What That Means for You

Tariffs on building materials are driving up costs for buyers and renters alike. Learn how these changes could impact your plans—and what steps you can take to stay ahead in today’s market.
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House Hunting Is Finally Getting Easier — Here’s What’s Changing

House Hunting Is Finally Getting Easier — Here’s What’s Changing

House hunting is finally getting easier. With inventory rising and competition cooling, buyers have more options and breathing room than they’ve had in years. Here’s why now may be your time to move.
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Biggest Weekly Jump For Rates In Quite a While. Will it Keep Going or Calm Down?

Biggest Weekly Jump For Rates In Quite a While. Will it Keep Going or Calm Down?

Mortgage rates just had their roughest week in months, spiking despite cooler inflation data. Learn why markets are reacting this way and what could come next in our latest blog post.
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Here’s What a Recession Could Mean for the Housing Market

Here’s What a Recession Could Mean for the Housing Market

Worried about a recession? History shows home prices often hold steady or rise, and mortgage rates typically fall. Learn what a recession could really mean for the housing market.
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FHA Eligibility Update: What You Need to Know About the New Residency Rules

FHA Eligibility Update: What You Need to Know About the New Residency Rules

New FHA rules take effect May 25, 2025, impacting non-permanent resident borrowers. Learn who’s still eligible and how we can help you navigate the changes.
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Lowest Rates Since October as Tariffs Spark Staggering Volatility

Lowest Rates Since October as Tariffs Spark Staggering Volatility

Lowest rates since October. Tariff news sparked market volatility, pushing mortgage rates down. But beware, fast changes could follow. Read the full market breakdown in our latest post.
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Why Getting Pre-Approved Should Be Your First Step This Spring

Why Getting Pre-Approved Should Be Your First Step This Spring

Thinking about buying a home this spring? Start with a mortgage pre-approval. It gives you a competitive edge, helps define your budget, and shows sellers you’re serious—before the market heats up.
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Inflation Told Rates to Rise. Rates Didn't Listen

Inflation Told Rates to Rise. Rates Didn't Listen

PCE inflation came in hotter than expected, but rates didn’t rise as predicted. Find out why markets shrugged it off—and what to watch for with next week’s key economic reports.
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4 Things To Expect from the Spring Housing Market

4 Things To Expect from the Spring Housing Market

Spring brings more listings, moderating prices, and stabilizing mortgage rates—making it a great time to buy or sell. See why confidence is returning to the market in our latest blog post.
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Why More Homeowners Are Tapping Into Their Home Equity—And How You Can Make It Work for You

Why More Homeowners Are Tapping Into Their Home Equity—And How You Can Make It Work for You

HELOCs are rising in popularity as homeowners tap into equity to manage debt, fund renovations, or avoid refinancing at higher rates. Learn how this flexible tool could support your financial goals.
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If The Fed Didn't Cut Rates This Week, Why Did Rates Fall?

If The Fed Didn't Cut Rates This Week, Why Did Rates Fall?

Mortgage rates fell this week—even though the Fed didn’t cut rates. Find out why market reactions, Fed projections, and bond activity all played a role in the drop.
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Buying Your First Home? Feeling Nervous Is Completely Normal

Buying Your First Home? Feeling Nervous Is Completely Normal

Buying your first home is exciting—but also nerve-wracking. Focus on what you can control: budget wisely, plan for surprises, and remember, your income will grow over time. You've got this!
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Interest Rates Had a Boring Week, And That's a Good Thing

Interest Rates Had a Boring Week, And That's a Good Thing

Mortgage rates stayed in a narrow range this week despite key inflation reports. With the Fed’s rate outlook update ahead, markets are watching for signs of where rates may head next.
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Is the Housing Market Starting To Balance Out?

Is the Housing Market Starting To Balance Out?

The housing inventory is rising, giving buyers more leverage in some markets. While it’s still a seller’s market in many areas, conditions are shifting.
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Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up

Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up

Waiting to buy a home? Prices are still rising, and experts predict steady growth ahead. Buying now means building equity sooner—don’t let the perfect moment pass you by!
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Is a Newly Built Home the Right Choice for You? Weighing the Pros and Cons

Is a Newly Built Home the Right Choice for You? Weighing the Pros and Cons

Thinking about buying a newly built home? New construction offers customization, efficiency, and low maintenance—but also comes with potential delays and added costs. Weigh the pros and cons here!
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The Secret Reason That Rates Bounced This Week

The Secret Reason That Rates Bounced This Week

Mortgage rates bounced this week, but the real reason wasn’t in the U.S.—it was Germany. Rising German bond yields disrupted market trends, adding uncertainty ahead of next week’s key inflation data.
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Spring Market 2025: More Homes, More Opportunity—But Will Buyers Jump In?

Spring Market 2025: More Homes, More Opportunity—But Will Buyers Jump In?

Spring 2025 brings more homes to the market, giving buyers new opportunities. With rising inventory and price reductions, is now the time to buy? Explore your options with The CL Team!
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 Mortgage Rates Closing in on 4 Month Lows

Mortgage Rates Closing in on 4 Month Lows

Mortgage rates are nearing 4-month lows, driven by lower-than-expected inflation data. With key economic reports ahead, market trends will determine if rates continue their downward momentum.
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Big News! We’ve Become Luminate Bank®—Here’s What It Means for You

Big News! We’ve Become Luminate Bank®—Here’s What It Means for You

Big news! The CL Team is now part of Luminate Bank®, offering more financial solutions, flexible loan options, and personalized service—all with the same trusted team you know and love!
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Despite Apparent Volatility, Rates Have Been Surprisingly Calm

Despite Apparent Volatility, Rates Have Been Surprisingly Calm

Despite headline-driven noise, mortgage rates have remained surprisingly stable. Markets are focused on key economic data like jobs reports and CPI, with inflation trends guiding future rate shifts.
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Your Essential Home Maintenance Checklist: Seasonal Must-Dos for a Stress-Free Year

Your Essential Home Maintenance Checklist: Seasonal Must-Dos for a Stress-Free Year

Stay ahead of home maintenance year-round with this seasonal checklist. From winter prep to summer upkeep, these simple tasks help protect your home, boost efficiency, and prevent costly repairs.
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Can Trump Actually Force Rates to Move Lower?

Can Trump Actually Force Rates to Move Lower?

Mortgage rates stayed steady this week, with slight changes tied to limited economic data. Despite political rhetoric, inflation and economic trends—not demands—will drive rate changes in 2025.
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How Mortgage Rates Affect Your Monthly Payment

How Mortgage Rates Affect Your Monthly Payment

Learn how even small changes in mortgage rates can impact your monthly payments. Explore real examples and savings to help you plan smarter for your future home purchase!
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What To Save for When Buying a Home

What To Save for When Buying a Home

Buying a home? Budget smart by planning for a down payment, closing costs, and an earnest money deposit. Learn what to expect and work with trusted pros to make the process smooth and stress-free!
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How Much Home Equity Have You Gained? The Answer Might Surprise You

How Much Home Equity Have You Gained? The Answer Might Surprise You

Your home’s equity is likely higher than you think, thanks to rising home values and longer ownership. Discover how this wealth can fund your next move, home upgrades, or even your dream business!
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Highest Mortgage Rates in 7 Months After Upbeat Jobs Report

Highest Mortgage Rates in 7 Months After Upbeat Jobs Report

Mortgage rates spiked to their highest levels since mid-2024 after a stronger-than-expected jobs report. With CPI data ahead, inflation trends could add further volatility to the rate market.
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Mortgage Rates' Holiday Break Ends With Next Week's Economic Data

Mortgage Rates' Holiday Break Ends With Next Week's Economic Data

Mortgage rates stayed calm over the holidays but could see volatility next week with key economic reports ahead. Home prices continue steady growth, and refinance activity remains at long-term lows.
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Fed Will Cut Next Week, But They're Not Cutting Mortgage Rates

Fed Will Cut Next Week, But They're Not Cutting Mortgage Rates

Mortgage rates rose all week, showing how unpredictable they can be. Learn why Fed rate changes don’t directly control mortgage rates and what really influences these fluctuations.
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What Will It Take for Prices To Come Down?

What Will It Take for Prices To Come Down?

Wondering if home prices will drop? Experts say no—low supply and high demand keep prices steady or rising. Learn why the housing shortage will continue to impact affordability nationwide.
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Get Your House Ready to Sell in 2025: A Guide for Homeowners

Get Your House Ready to Sell in 2025: A Guide for Homeowners

Ready to sell your home in 2025? Declutter, make key upgrades, boost curb appeal, and stage like a pro to attract buyers. With the right prep, you’ll be set for a smooth and successful sale!
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Waiting Game is Over and Rates Are Moving

Waiting Game is Over and Rates Are Moving

Mortgage rates showed resilience, boosted by a cooling labor market and a favorable jobs report. With inflation data and the Fed’s next move approaching, the outlook for rates is becoming clearer.
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What You Need to Know About the 2025 Conforming Loan Limits

What You Need to Know About the 2025 Conforming Loan Limits

The 2025 conforming loan limits are increasing, offering more flexibility for homebuyers. Learn how these updates could impact your borrowing options and make financing a home more accessible.
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Avoiding Common Homebuyer Mistakes Post-Election

Avoiding Common Homebuyer Mistakes Post-Election

Navigate post-election housing market changes with confidence! Learn how to budget wisely, spot incentives, and plan long-term while seizing opportunities in a rebounding real estate market.
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Are Rates Done Freaking Out Yet?

Are Rates Done Freaking Out Yet?

Mortgage rates spiked from September lows, nearing 1% increases, with ongoing volatility. While rates steadied last week, key economic data and inflation trends will shape their next move.
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Stay Ahead of the Game: How Savvy Homebuyers Can Thrive in Today's Market

Stay Ahead of the Game: How Savvy Homebuyers Can Thrive in Today's Market

With the mortgage market projected to grow 28.5% by 2025, now’s the time to get pre-approved! Expert insights can help you secure the best rates and stay competitive in a busy market.
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 How The Election and The Fed Impacted Rates

How The Election and The Fed Impacted Rates

Mortgage rates climbed in October, partly due to economic data and election odds. Rates surged on election night but could level off if upcoming reports show inflation cooling down.
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Rise Above the Rates: A Homebuyer's Guide to Success

Rise Above the Rates: A Homebuyer's Guide to Success

Mortgage rates have fluctuated, recently rising to 6.5%. While this affects affordability, it also opens opportunities in a less competitive market. Understanding the trends can help you plan confidently.
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November Volatility Shows Up Early And Next Week Could Be Even Crazier

November Volatility Shows Up Early And Next Week Could Be Even Crazier

Volatility hit mortgage rates early, with a sharp jump starting the week. Key events like the jobs report, elections, and the Fed’s next announcement could drive further rate swings in the coming weeks.
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Why Today’s Foreclosure Numbers Won’t Trigger a Crash

Why Today’s Foreclosure Numbers Won’t Trigger a Crash

Rising costs worry many, but foreclosure data shows no wave is coming. Homeowners today have more equity, helping them avoid foreclosure and keeping the housing market stable, unlike in 2008.
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Unlocking the Power of Your Home Equity: How to Upgrade Without Breaking the Bank

Unlocking the Power of Your Home Equity: How to Upgrade Without Breaking the Bank

Unlock the potential of your home equity! Discover how upgrading to a larger home, paying off debt, or investing in real estate can be possible—without drastically changing your mortgage payment.
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Time to Start Thinking About Incredibly High Volatility Potential

Time to Start Thinking About Incredibly High Volatility Potential

November could bring big market shifts with the election, jobs report, and Fed announcement. Learn how these events might impact mortgage rates and what to watch for.
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What's Really Happening with Home Prices?

What's Really Happening with Home Prices?

While median home prices may appear to be falling, this reflects a shift toward smaller homes, not declining values. A better measure is price per square foot, which shows home values are still rising.
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Lots of Confusion About Recent Rate Movement. Let's Clear it up

Lots of Confusion About Recent Rate Movement. Let's Clear it up

Despite the Fed’s rate cut, mortgage rates have risen due to a strong jobs report, not the Fed’s actions. Lower rates will require weaker labor data, but recent economic reports haven't helped yet.
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Should I Buy a Home Now or Wait?

Should I Buy a Home Now or Wait?

Wondering if now is the right time to buy a home? Explore key factors like mortgage rates, election year trends, and long-term equity to help you decide whether to buy now or wait.
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 Huge Rate Bounce After Stunningly Strong Jobs Report

Huge Rate Bounce After Stunningly Strong Jobs Report

Friday's strong jobs report caused mortgage rates to rise quickly, reversing expectations. Despite recent Fed rate cuts, higher-than-expected job growth led to market adjustments, pushing rates higher.
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The Latest Builder Trend: Smaller, More Affordable Homes

The Latest Builder Trend: Smaller, More Affordable Homes

Builders are focusing on smaller, affordable homes with incentives like price cuts and rate buy-downs. These new homes offer modern features, energy efficiency, and lower maintenance costs.
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 Refi Booms, Loan Limits, and Mortgage Rate Misdirection

Refi Booms, Loan Limits, and Mortgage Rate Misdirection

This week saw higher mortgage rates despite reports of lower rates. Lenders are predicting new loan limits, but they aren't official yet. A refi boom is happening, but only from previously low levels.
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The Importance of Pre-Approval in Your Homebuying Journey

The Importance of Pre-Approval in Your Homebuying Journey

If you're thinking of buying a home, getting pre-approved for a mortgage is essential. It clarifies your budget, strengthens your offer, and positions you as a serious buyer in a competitive market.
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Interest Rates Cut: Find Out What This Really Means for Homebuyers

Interest Rates Cut: Find Out What This Really Means for Homebuyers

The recent Fed rate cut doesn't directly lower mortgage rates, but it can impact other loans like credit cards and auto loans. Learn how this change might affect homebuyers and refinancing opportunities.
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Understanding Mortgage Trigger Leads: A Guide for Homebuyers

Understanding Mortgage Trigger Leads: A Guide for Homebuyers

Starting your mortgage journey can lead to a flood of solicitations due to 'mortgage trigger leads.' Many buyers find this practice intrusive and overwhelming, and we can't blame them. Read here to find out how to help limit those:
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Why Fed Day Matters Even Though Mortgage Rates Are Already Lower

Why Fed Day Matters Even Though Mortgage Rates Are Already Lower

It's a foregone conclusion that the Fed will be cutting rates on Wednesday, September 18th. As exciting as that might sound, mortgage rates have already reaped the rewards.
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Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List

Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage.
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How the Next Federal Reserve Meeting Could Affect Your Mortgage Rates

How the Next Federal Reserve Meeting Could Affect Your Mortgage Rates

As the Fed meeting on Sept 17-18, 2024, approaches, it's key for homeowners and buyers to know how it could affect mortgage rates. Stay tuned to our blog for updates as we start to learn more.
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Finding Your Ideal Mortgage Rate: What Number Are You Waiting For?

Finding Your Ideal Mortgage Rate: What Number Are You Waiting For?

Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024. If you’re thinking about buying a home, that may leave you wondering: how much lower are they going to go?
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Here's Exactly What a Fed Rate Cut Will Do For Mortgage Rates

Here's Exactly What a Fed Rate Cut Will Do For Mortgage Rates

It's still just over 3 weeks away, but questions are already ramping up regarding the impact of the Fed's rate cut on mortgage rates.
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Today’s Biggest Housing Market Myths

Today’s Biggest Housing Market Myths

Don't believe everything you hear, especially in today's housing market. There’s a lot of misinformation out there, so having someone you can go to for trustworthy information is extra important.
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Protect Your Investment: Top Tips for Mortgage Fraud Prevention

Protect Your Investment: Top Tips for Mortgage Fraud Prevention

Buying a home is one of the biggest financial decisions you'll ever make in your life, and it should be a happy milestone. But, it's also a time when you need to be extra vigilant about mortgage fraud.
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Powell Puts a Lid on The Rate Debate, But Where's The Bottom?

Powell Puts a Lid on The Rate Debate, But Where's The Bottom?

Each year, the Federal Reserve meets in Jackson Hole with central bankers and academics to discuss monetary policy. Fed Chair speeches here often impact financial markets and interest rates.
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The Great Wealth Transfer: A New Era of Opportunity

The Great Wealth Transfer: A New Era of Opportunity

Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a big way.
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How Mortgage Rate Changes Impact Your Homebuying Power

How Mortgage Rate Changes Impact Your Homebuying Power

If you're buying or selling a home, mortgage rates are crucial. They directly impact your monthly payment and should be factored into your planning.
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Navigating Negotiations: A Buyer and Seller Guide from Luminate Home Loans

Navigating Negotiations: A Buyer and Seller Guide from Luminate Home Loans

If you haven’t kept a pulse on the current real estate landscape, now is a good time to know that buyers have a little more wiggle room in negotiations. Here’s a straightforward guide on what you might negotiate...
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Refi Demand Exploded (Relatively), But Rates Are Settling (For Now)

Refi Demand Exploded (Relatively), But Rates Are Settling (For Now)

There's been widespread speculation as to the effect that falling rates will have on refinance demand in a world where 2/3rds of mortgages have rates under 4%. This week's data suggests it's worth discussing.
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A Newly Built Home May Actually Be More Budget-Friendly

A Newly Built Home May Actually Be More Budget-Friendly

Many people assume that newly built homes are more expensive than existing ones, but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today.
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How the Economy Impacts Mortgage Rates

How the Economy Impacts Mortgage Rates

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.
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Are Home Prices Going To Come Down?

Are Home Prices Going To Come Down?

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say?
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What Every Homeowner Should Know About Their Equity

What Every Homeowner Should Know About Their Equity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.
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Is Affordability Starting To Improve?

Is Affordability Starting To Improve?

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year.
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Why Tapping into the Equity in Your Home with a Cash-Out Refinance May Make Sense

Why Tapping into the Equity in Your Home with a Cash-Out Refinance May Make Sense

Using the equity in your home with a cash-out refinance can be a strategic way to manage debt, address rising costs, and fund important projects. If you think this might be a good option for you, reach out to us.
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Rates Plummet as The Market Buys Into The Big Shift

Rates Plummet as The Market Buys Into The Big Shift

The events of this past week serve as an exclamation point in one of the many sentences that tells the story of the big shift away from the generationally high rates seen at the end of 2023.
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Will Mortgage Rates Change with Biden Dropping Out and the PresidentialElection Going On?

Will Mortgage Rates Change with Biden Dropping Out and the PresidentialElection Going On?

The 2024 presidential election is shaping up to be an interesting one. With President Joe Biden stepping down from the race, many are wondering how this will affect mortgage rates. Let's break down what we know.
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Unlocking Homebuyer Opportunities in 2024

Unlocking Homebuyer Opportunities in 2024

There’s no arguing this past year has been difficult for homebuyers. You may have even put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. But, here’s what you need to know. The housing market is in a transition in the second half of 2024.
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1% Less, 5 Million More: The Significant Impact of Dropping Mortgage Rates

1% Less, 5 Million More: The Significant Impact of Dropping Mortgage Rates

In today's housing market, mortgage rates stand at about 7.5% for a 30-year fixed-rate loan. While these rates seem high compared to the historically low rates below 4% in 2020 and 2021, they are not unusually high when viewed through a broader historical lens.
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Very Calm Week For Rates, Despite Hitting New 6 Month Low

Very Calm Week For Rates, Despite Hitting New 6 Month Low

While much of this week's news cycle was focused on politics, it was business as usual for the bond market and interest rates. At this time of year, that business often involves a lack of major movement outside the days with the most highly consequential economic data.
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The 5 Most Affordable Places to Live in South Carolina

The 5 Most Affordable Places to Live in South Carolina

From Charleston’s vibrant and historic architecture to its picturesque coastline and charming beach towns, South Carolina offers a unique and appealing lifestyle. Here are 5 of the most affordable places to live in South Carolina. Let’s find out which cities made the list.
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Understanding Mortgage Interest: How It Works and What You Need to Know

Understanding Mortgage Interest: How It Works and What You Need to Know

Understanding the intricacies of mortgage interest, loan types, extra payments, and mortgage points is crucial for making informed financial decisions. By grasping how interest rates impact your monthly payments and overall loan cost, you can save money and improve your long-term financial health.
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Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Even if you didn't own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then.
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Sharply Lower Inflation Brings Fed Rate Cuts Into Focus

Sharply Lower Inflation Brings Fed Rate Cuts Into Focus

There was a lot riding on this week's economic data and it delivered in a big way. The Consumer Price Index (CPI) has had the biggest influence on interest rates of any of the scheduled monthly economic reports, and for good reason.
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Stay Secure: How to Shield Your Real Estate Transactions from Wire Fraud

Stay Secure: How to Shield Your Real Estate Transactions from Wire Fraud

Wire fraud represents a significant threat in the realm of real estate and mortgage transactions. Here, we’ll explore what wire fraud entails, how it commonly occurs, and practical measures to protect yourself and your finances.
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Why Real Estate Remains a Strong Investment in Today's Market

Why Real Estate Remains a Strong Investment in Today's Market

In an ever-changing financial landscape, many investors are asking whether real estate remains a sound investment. You may be surprised to learn that, despite economic fluctuations, the real estate market continues to demonstrate its value. 
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Economic Data Building a Case For Rate Cuts

Economic Data Building a Case For Rate Cuts

It may have been a shorter week than normal due to the holiday last week, but it was no less important with several economic reports adding to the case for rate cuts.
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Understanding the Current Housing Market: Why Home Prices Are Rising

Understanding the Current Housing Market: Why Home Prices Are Rising

The housing market has been a hot topic of discussion lately, with many sources predicting an imminent crash. Despite these predictions, residential home prices have hit a new all-time median price record high in May and have been on an upward trend for 11 consecutive months. How is this possible?
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Slow Start for Rates Gives Way to Volatility With More to Come Next Week

Slow Start for Rates Gives Way to Volatility With More to Come Next Week

The week began with a distinct absence of interest rate volatility, but things changed in a big way by Friday-at least compared to the previous week which was exceptionally quiet.
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Do Elections Impact the Housing Market?

Do Elections Impact the Housing Market?

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.
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Buying a home is one of the biggest decisions you will make in your lifetime. Our team has a deep understanding of the local housing market and can help you navigate through the complex process of obtaining a mortgage.

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Caleb LeGrand NMLS 259691

Luminate Bank NMLS 1281698 Bank Headquarters 2523 S. Wayzata Blvd., Suite 100 Minneapolis, MN 55405 (952) 939-7200. This is not an offer to enter into an agreement. Information provided is outlining the minimum down payment requirements as allowed by specific loan program and product guidelines and any information, rates and programs are subject to change without prior notice and may not be available in all states. All loans are subject to credit and property approval. Luminate Bank is not affiliated with any government agency. All rights reserved. Member FDIC. Equal Housing Opportunity Lender.

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