Mortgage Insights, New Programs, and Career Opportunities: November Updates
Mortgage Rates Continue to Rise in November
Mortgage rates have continued to trend upward in November, despite the Federal Reserve's announcement of a 25-basis-point rate cut on November 7, 2024. This adjustment had minimal impact on the overall rate trajectory. Adding to market concerns, the Consumer Price Index (CPI) released on November 13 exceeded expectations, fueling worries about inflation.
As a result, uncertainty remains about whether the Federal Reserve will implement another rate cut in December. Meanwhile, with inventory levels rising and year-end sales slowing, many experts believe that December could present a favorable opportunity for buyers to enter the market.
UWM Launches New TRAC Lite Program with Lower Title Costs
Following the successful implementation of the TRAC program (flat title fees at $2,100) across multiple states, UWM has introduced the new TRAC Lite program, offering significantly reduced title fees of just $375–$450. Currently piloted in states like California and Texas, this program is exclusively available for refinance clients.
Contact us today to find out if you qualify and start enjoying a more cost-effective loan experience!
Self-Employed for Over 5 Years? New Loan Options Await!
If you have more than five years of self-employment experience in the same industry, you can now qualify for a conventional loan using just one year of tax returns—enjoying the same rates and benefits as W-2 earners.
Planning to buy a home in 2025? It's time to start preparing your tax filings. With the year-end approaching, now is the perfect opportunity to optimize your taxes and create a savings strategy. Thoughtful planning not only reduces your tax burden but also paves the way for your future home purchase. Let us help you prepare for this exciting journey!
领英推荐
Bluebell Financial LLC is Now Licensed in California!
We are excited to announce that Bluebell Financial LLC has officially obtained its California license! To support our growth, we’re inviting talented loan brokers to join our team and grow with us.
We host online training sessions every Friday, with details shared on our LinkedIn Events —everyone is welcome to join and connect. Whether you’re passionate about the mortgage industry or looking to kickstart your career as a loan broker, Bluebell Financial is the ideal platform to help you achieve your professional goals.
We look forward to welcoming you to our team!