Kelli Fahy at Granite Bank

04/24/2026

Rates remained unchanged during the week ending April 24, 2026, as the cease fire in the Middle East helped oil prices hold steady. Granite Bank is an Equal Housing Lender.

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05/24/2025

Ever wonder where your money goes each month in your mortgage payment? Here’s what’s included in your monthly payment:

Principal – the amount you borrowed

Interest – what you pay to borrow the money

Property taxes – based on your home’s value + location

Homeowners insurance – protects your property

PMI (if applicable) – private mortgage insurance if you put down less than 20%

HOA dues (if your home has them)

Want to know what this looks like for your specific scenario? Reach out and I’ll show you exactly what your monthly payment could look like based on your budget and location

05/23/2025

Rates rose this during the week ending May 23, 2025, partially due to concerns about government debt and inflation. Granite Bank is an Equal Housing Lender.

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05/21/2025

One of the best steps you can take before applying for a mortgage is paying down your debt! Lenders look at your debt-to-income ratio (DTI) to determine your eligibility, and a lower DTI can improve your chances of approval and potentially help you secure better loan terms.

Tips to Reduce Debt Before Buying a Home:

1. Create a budget – Take the time to review your income, expenses, and financial goals.

2. Track your spending – Use apps or a spreadsheet to monitor every dollar you spend.

3. Pay more than the minimum payment to lower your balance more quickly – Even small extra payments can add up and accelerate your progress.

Need help getting started? Let’s create a plan that works for you!

05/19/2025

Mondays are for momentum! What’s one step you’re taking today to move closer to your goals?

05/17/2025

Your down payment impacts everything from your monthly mortgage payment to long-term financial flexibility. While a larger down payment can mean lower monthly payments and less interest, keeping more cash on hand can help with emergencies, home repairs, or future investments.

Not sure which option is best for you? Reach out today for guidance on finding the right balance for you!

05/16/2025

Trade agreement announcements pushed rates slightly higher during the week ending May 16, 2025, despite low inflation and weaker economic data. Granite Bank is an Equal Housing Lender.

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05/14/2025

Not all credit checks are the same! Here’s the difference:

Soft Inquiry – No impact on your credit score. Used for pre-approvals, background checks, or personal credit monitoring.

Hard Inquiry – May temporarily lower your score. Happens when applying for loans, credit cards, or mortgages.

Planning to apply for a loan or mortgage? Know how credit inquiries affect you!

05/12/2025

Hope you had a restful weekend and are ready to take on the week ahead!

05/09/2025

Rates held steady during the week ending May 9, 2025, showing little reaction to the Fed’s decision and awaiting clarity from upcoming economic data. Granite Bank is an Equal Housing Lender.

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