This week’s economic data, including existing home sales, jobless claims, GDP growth, and the PCE inflation report, may influence mortgage rates that are hovering around 7%. Higher inflation or strong economic indicators could lead to sustained or increased rates, prompting buyers to consider locking in rates early.
Category: Mortgage
Week Ahead: Economic Factors Driving Up Mortgage Rates
Mortgage rates are facing upward pressure as the bond market reacts to a resilient U.S. economy. Last week’s employment report showed better-than-expected job gains, pushing the 10-year Treasury yield near 5%. Rising energy prices are also adding to inflationary pressures, making it less likely for the Federal Reserve to ease interest rates soon. This week,…
Chicago Housing Market Predictions for 2025
As we approach 2025, the Chicago housing market is expected to remain competitive but with some key shifts that both buyers and sellers should keep in mind. In summary, while Chicago’s housing market will continue to present challenges in 2025, particularly in terms of affordability and inventory, buyers can expect more favorable conditions compared to…
Why a Renovation Loan?
As a mortgage lender, I specialize in connecting clients with renovation loan options tailored to their unique needs, empowering them to seize opportunities and unlock the full potential of the market. Let’s explore how a renovation loan can turn your homeownership dreams into reality, even in a competitive market!
7 Tips for Buyers to Consider in this Market
In a challenging market, it’s essential to help our clients make informed decisions to avoid common regrets when purchasing
a home. Here are valuable insights from surveyed buyers, compiled into 7 tips to help you communicate and set better
expectations in this market.
Unlocking the Week Ahead: A Glimpse into Mortgage Rates and Economic Data (December 4, 2023)
As we step into the first week of December 2023, the financial landscape is buzzing with anticipation. For mortgage professionals and homebuyers, understanding the upcoming trends in mortgage rates and economic data is crucial. Here’s a brief preview of what lies ahead:
Holiday Wreath Making Party
‘Tis the season for joy, warmth, and merriment, and what better way to celebrate the holidays than by bringing together our cherished business partners and clients for a delightful wreath-making party! Thank you to our host Happy Cabbage for letting us use their amazing Gifting Studio, we believe in the spirit of togetherness, and this festive gathering was a perfect opportunity to share the holiday cheer.
The Emma Butler Group, we believe in more than transactions; we believe in cultivating relationships, and this holiday gathering was a testament to that belief—a night of creativity, connection, and shared celebrations.
The highlight of the evening was, of course, the wreath-making activity. Guided by a talented local florist, Lee Lee Garden everyone had the chance to unleash their creativity and craft a unique holiday wreath to take home. The room buzzed with excitement as partners and clients selected from an array of lush greenery, vibrant ornaments, and festive ribbons to personalize their creations.
Simple Tips for a Stunning First Impression
Begin with a Welcoming Entrance: The front door is the gateway to your home, and a fresh coat of paint can do wonders to revitalize its appearance. Consider selecting a color that complements your home’s style and personality. Don’t shy away from bold choices that create a statement.
Best Things To Do Now To Get Your Finances Mortgage Ready
You probably already know that qualifying for a mortgage can be the biggest hurdle — aside from actually finding that dream property — along the path to home ownership.
Should I Consolidate My Debts with a Mortgage Refinance Loan?
Managing multiple debts can become overwhelming and burdensome. Juggling various loan payments with varying interest rates and repayment terms can lead to financial stress and missed opportunities. One solution that borrowers often consider is consolidating their debts through a mortgage refinance loan. While this approach can be beneficial for some, it’s crucial to carefully evaluate its pros and cons before deciding.
Emma Butler Group- Mortgage Tips & Community 