Cory Thompson

Mid America Mortgage, Inc.

 

What’s Ahead For Mortgage Rates This Week – June 16th, 2025

The CPI and PPI have yet to reveal the impacts of the tariff policies that were placed temporarily, which gives some potential insight that there might be a path forward for the Federal Reserve to look at potential rate cuts. However, economists across many industries are expecting inflation to increase temporarily as an impact for the policies that were put in place.

Creative Strategies for Saving on Closing Costs

When you are budgeting for a new home, it’s easy to focus on the down payment, but do not forget the closing costs. These fees typically range from 2% to 5% of the home’s purchase price and cover things like the appraisal, title search, loan origination, and other administrative expenses. For many buyers, especially first-timers, they can feel like an unwelcome surprise.

The good news? There are creative, effective ways to reduce these expenses and make homeownership more affordable.

How to Leverage Home Equity for Financial Freedom

If you’ve owned your home for a few years, chances are you have built up equity, maybe more than you realize. But what exactly is home equity, and how can you use it to build wealth, reduce debt, or increase financial flexibility?

We will discuss how homeowners are turning their built-up equity into tools for financial freedom, and how you can, too.

Are Interest-Only Mortgages A Smart Strategy or Risky Business?

When exploring home financing options, many borrowers are intrigued by interest-only mortgages. These loans offer the benefit of lower initial monthly payments, which can seem attractive, especially in high-cost areas or when cash flow is tight. But how exactly do they work, and are they the right fit for your financial goals?

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