CONSUMER CONFIDENCE FALLING скачать в хорошем качестве

CONSUMER CONFIDENCE FALLING

Consumers are heading into summer feeling less than enthusiastic about their financial situation. Inflation is taking its toll. Savings rates are down, and credit card spending is up as high prices stretch budgets. The Consumer Confidence Survey reflects prevailing business conditions and likely developments for the months ahead. It details consumer attitudes, buying intentions, vacation plans, and expectations for inflation, stock prices, and interest rates. Consumers have significant power over the direction of the economy. If they stop spending, the economy slows. And if that happens, interest rates fall. Bonds reacted favorably to this month’s lower confidence numbers, helping mortgage rates recover a bit from increases this week caused by a slurry of Federal Reserve speeches and hotter than expected inflation. TOOLS TO HELP YOU BUY BEFORE YOU SELL “I want to buy my new home before I sell, because I only want to move once!” I don’t blame you! Moving is a pain, and selling before you buy adds complication and stress. What if you can’t find the right home in time? Where will you live? Couch-surfing can only last for so long. But what if you need the equity from your old home to make the new purchase happen? Traditionally, the solution was to arrange a home equity line of credit (heloc) on your old home to be used towards the down payment on your new one. That’s still a good option, but only if you qualify to carry payments on your old mortgage, the heloc, and the new mortgage combined. If you can’t, here are two creative ways to buy before you sell: 1. Bridge Financing: The CMG Cash Advantage program provides true bridge financing with a down payment of up to 50%, allowing you to make a non-contingent offer on the new home, and you only need to qualify for the new home mortgage payment. Funds from the bridge loan can be applied towards your down payment, up to 6 months payments on your existing mortgage, up to $35k for repairs or improvements on your old home, closing costs, and moving expenses. The interest rate on the bridge loan is 0% for 6 months, but some fees apply. 2. Zoom Casa: Our partner Zoom Casa will purchase your old home, advancing 70% of the equity to be used towards the new home, and give you up to 6 months to ready the old home to sell. Once it sells, you receive the remainder of your equity from Zoom Casa, minus a concierge fee. These are just two creative ways to solve an age-old problem. For more information, reach out and I can fill you in on the details.