no closing cost mortgages

Before diving too far into a conversation about the comparison of a “no closing cost” mortgage to a more traditional cost structure, it’s important to start with a disclaimer: There is no true “no closing cost” loan. When “no closing costs” is advertised in the mortgage industry, it’s referring to “who” or “how” closing costs…

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Thanks to last Friday’s jobs numbers, a cut to the Federal Reserve Funds Rate is all but a certainty after the Fed’s monthly meeting later this month. As of this post, the markets are expecting a 50 basis point cut to the Fed funds rate, which will shake up financial markets, but not in ways…

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Housing Crystal Ball

Employment data was released this week in the form of the monthly ADP payroll report and the all-important BLS jobs report. For the first time in recent memory, both reports were duds. Unemployment ticked up to 4.3%, revisions to June & July reports were negative (-21,000 jobs), and a jobs market that to this point…

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