Bock Mortgage Group - Michael Bock and Theresa NeSmith

Team Mortgage Mikes July 17, 2023

What’s Ahead For Mortgage Rates This Week – July 17, 2023

The Consumer Price Index for June rose 0.20 percent in June as compared to May’s reading of 0.10 percent growth and expectations of 0.30 percent month-to-month growth. The core CPI reading, which excludes volatile food and fuel sectors, fell to 0.20 percent growth in June as compared to May’s month-to-month reading of 0.40 percent growth.

Team Mortgage Mikes July 14, 2023

Insufficient Property Appraisal What to Do When the Appraisal Falls Short

When buying or selling a property, one crucial step in the process is obtaining an appraisal to determine its value. Appraisals provide an objective assessment of a property’s worth, influencing important decisions such as mortgage approvals, negotiations, and even insurance premiums.

Team Mortgage Mikes July 13, 2023

Smart Home Upgrades That Save Energy and Money

In an era where environmental consciousness and cost savings are top priorities for homeowners, smart home technology has emerged as a game-changer. With the ability to automate and optimize various aspects of your home, smart home upgrades offer numerous benefits, including energy efficiency and reduced utility bills.

Team Mortgage Mikes July 12, 2023

How Long Does It Take to Get a Mortgage Approval?

When you’re in the process of buying a home, one of the most important steps is obtaining a mortgage approval. This approval signifies that a lender is willing to offer you a loan to finance your dream home. The timeline for getting a mortgage approval can vary depending on several factors.

Team Mortgage Mikes July 11, 2023

The Impact of Your Employment History on Mortgage Approval

When it comes to applying for a mortgage, lenders take various factors into account to determine your eligibility. One crucial aspect they consider is your employment history. Your employment history provides lenders with valuable insights into your financial stability, income consistency, and ability to repay the loan.

Team Mortgage Mikes July 10, 2023

What’s Ahead For Mortgage Rates This Week – July 10, 2023

Last week’s scheduled economic reporting included readings on construction spending, June’s FOMC meeting minutes, and reports on jobs and the national unemployment rate. Weekly readings on mortgage rates and jobless claims were also released.