Michael Gilmore NMLS #234739 - Loan Officer

02/05/2025

Good jobs data released this morning. Mortgage rates are improving!

Yesterday’s JOLTS job openings declined again...

11/07/2024

Is one person's junk another person's treasure? Not always!!!

Curb appeal plays a crucial role when selling a home, with messy neighbors potentially causing...

11/07/2024

Use our Buy Before You Sell equity bridge loan to:
- Eliminate offers contingent up on the sale of your home.
- Qualify without current mortgage payment.
- Avoid moving twice.
- Receive a cash back-up offer.
- Maximize sale of departing home.
Contact me for more information today. Free approval!

11/07/2024

Click for my Blog post and e-book offer!

Slightly better this morning after the strong selling yesterday pushed MBS prices down 46 bps. Yesterday Powell stood his ground...

11/06/2024

Stocks are surging! Maybe at the expense of bonds. Upward pressure on interest rates. Things will eventually get better!

09/18/2024

Fed drops key interest rate by .500% today. We will see an immediate impact on credit card rates and home equity lines of credit, which are tied to the Prime Rate. However, it is still to be see what impact this will have on 30 year fixed rate home loans as this rate cut was anticipated and baked into lower rates over the past couple of months. The debate was whether the Fed would cut the Federal Funds rate by .250% or by .500%. The more aggressive rate cut today should help the bond market and longer-term fixed rates. All eyes on Fed Chairman Powell's remarks this afternoon about the possibility of more rate cuts before the end of the year. If you are thinking about buying a home or possibly refinancing, now is a great time to discuss how much today's news may help. Future economic news could move the markets up or down so let's get you pre-approved and in position to take advantage of this window of opportunity.

This afternoon is the widely anticipated FOMC rate cut. It will be the first cut in four years...

08/30/2024

Mortgage rates have dropped from a high of 7.79% last October to 6.46% today and are expected to continue to drop to around 5.50% by the end of 2025. If you have bought a home in the past year, a window of opportunity is coming! If you are interested in receiving a weekly rate alert to help you time the market properly, DM me.

Refinancing a mortgage means replacing an existing loan with a new one, and there are...

08/20/2024

With property crime on the rise during these challenging economic times, it pays to be prepared and take precautions.

It seems the promise of quiet suburban life can sometimes be broken. In a startling turn of events...