Understanding the Federal Funds Rate Cut and Its Impact on Mortgage Rates Tomorrow, Federal Reserve Chairman Jerome Powell will be discussing a potential cut in the federal funds rate. If you’re asking yourself, “What exactly is the federal funds rate, and will this affect mortgage rates?” – you’re not alone. Let’s break down these […]
📉 **The Fed Cut Rates Today, But Here’s What You Need to Know About Mortgage Rates!** 🏡 You may have heard that the Federal Reserve cut interest rates today, and while this is great news for short-term loans and things like credit cards, it **does NOT directly impact mortgage rates**. 🤔 Here’s why: Mortgage rates […]
The Home Search Starts Here: Why Your First Step Should Be Talking to a Local Lender It’s exciting to think about buying a new home. Many people start by browsing online listings, imagining themselves living in different neighborhoods, or even touring open houses. But what if we told you the best first step in your […]
The Power of Shopping Local: Why Supporting Small Businesses Matters In today’s fast-paced, convenience-driven world, it’s tempting to click “Add to Cart” from a massive online retailer or visit a national chain for everyday needs. But there’s something magical about shopping local, supporting the businesses that form the heart and soul of your community. When […]
**Everything You Need to Know About Credit** **Credit Lessons Every Parent Should Teach Their Kids** At SouthShore Region Mortgage Group, we’re not just professionals – we’re parents too. We know that part of raising successful, responsible adults is teaching them essential life skills, including how to manage credit. Financial literacy is more crucial now than […]
There’s an ongoing battle in the mortgage industry between experienced, full-service loan professionals and online lenders with inexperienced customer service representatives who offer a no-frills approach. It often takes a loan officer years of consistently exceptional work to earn the trust of real estate agents, leading them to refer clients. These professionals are not only […]
As the housing market continues to evolve, recent data from the National Association of Realtors (NAR) reveals some intriguing trends that both home buyers and sellers can leverage to their advantage. While it may seem challenging at first glance, understanding the nuances of the current market can turn potential obstacles into unique opportunities. A Buyer’s […]
At SouthShore Region Mortgage Group, we’ve noticed a significant uptick in concerns surrounding trigger leads over recent years. What exactly are trigger leads? When individuals apply for a loan, they grant permission for lenders to access their credit report. This credit inquiry is conducted with specific codes indicating a permissible purpose, such as mortgage shopping. […]
Hey, adventure seekers and celestial enthusiasts! Are you ready to witness one of nature’s most awe-inspiring phenomena? Get ready to mark your calendars because on April 8th, 2024, the skies over Indiana will be graced with a breathtaking solar eclipse! 🌞🌚 But wait, before you start packing your eclipse glasses and telescopes, let’s shed some light […]
Securing Your Family’s Future: The Importance of Wills, Trusts, and Life Insurance When it comes to securing your family’s future, few things are as crucial as planning for the unexpected. Life is very unpredictable, and ensuring that your loved ones are taken care of in the event of your passing is paramount. At SouthShore Region […]
