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Some buyers don’t fit the traditional credit mold — but that doesn’t mean they’re not ready to own a home. Loan Lift can help them get the “yes” they’re looking for. | |||||
Loan Lift has helped us approve 25% more* loans by tracking additional financial data — like rent payments, Venmo activity or side-hustle income — to give a fuller picture of your client’s ability to repay a loan. | |||||
It’s a smart way to help clients who might otherwise be told “no” get a second look — and possibly a path to homeownership. | |||||
If you’re working with buyers who need more flexible qualifying options, I’d love to help. | |||||
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Mortgage rates moved lower this week following a favorable inflation report, offering some relief to homebuyers and adding momentum to the market. As U.S. stocks edged higher June 12, investors welcomed the prospect of cooling price pressures. The S&P 500 and Nasdaq both posted gains which may be a signal that inflation is finally loosening some of its grip on the market. | ||||||||||||||
In Federal Reserve (Fed) news, Vice President Vance joined President Trump this week in publicly criticizing Fed Chair Jerome Powell, arguing that the Fed’s restrictive policy has hurt economic growth. If political scrutiny intensifies, it could add complications to the Fed’s decision-making process around future rate cuts. For now, the Fed remains cautious, signaling no immediate moves but leaving the door open for possible adjustments later in the year depending on incoming data. | ||||||||||||||
Initial jobless claims rose again this week. While some of the increase may reflect seasonal effects, the slight softening in the labor market could help ease inflationary pressures without triggering economic weakness — a balance the Fed is watching closely. Meanwhile, mortgage applications posted a strong weekly gain as falling rates spurred both refinancing and purchase activity. The latest increase marked the biggest jump in over a month, highlighting renewed borrower interest. | ||||||||||||||
U.S.–China trade talks also resumed this week, with negotiators meeting in London and both sides signaling a willingness to keep discussions moving forward, though markets remain cautious until a broader deal takes shape. | ||||||||||||||
Weekly Snapshot: | ||||||||||||||
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Mortgage rates trended lower, brushing the lowest levels since the beginning of May.
Mortgage application submissions increased to the highest level in over a month.
Inflation was cooler than expected in May. Continuing jobless claims increased.
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