REACH YOUR GOALS Mortgage Review: Take Advantage of Improving Interest Rates The Federal Reserve is lowering interest rates, and now is the perfect time to take a fresh look at your mortgage. A quick review could yield lasting benefits, especially if you have purchased a home in the past few years or need to tap into your home equity. 

A couple of weeks ago, the Federal Reserve announced a hefty 50-point cut in the benchmark interest rate, which was bigger than the expected 25-point decrease. The Fed's decision to cut rates was mainly fueled by the decreasing levels of inflation, although shoppers are still faced with high grocery prices. It still remains to be seen if the rate cut will encourage more residential home sales, especially as other factors such as labor and economic data also affect real estate markets.

At American Pacific Mortgage, our StaR Loan Program provides mortgage loans for public servants and the other heroes who serve our communities.

The Federal Reserve is lowering interest rates, and now is the perfect time to take a fresh look at your mortgage. A quick review could yield lasting benefits, especially if you have purchased a home in the past few years or need to tap into your home equity. 

It’s no fun to have a lot of debt hanging over your head. It’s even less fun when that balance is large enough to keep you from doing the things you want to do and achieving the dreams you’ve always had.

REACH YOUR GOALS Using Your Equity to Pay Off High Interest Debt High interest credit card debt can suck the life out of anyone. Paying off your credit card debt at today's high interest rates can also take major sacrifice—but it doesn't have to. Not if you're a homeowner, anyway.

Most people understand that owning real estate can be a great investment. What they may not realize is that this investment can begin to pay off while you still own the home!

National Hispanic Heritage Month is held each year from September 15 to October 15, celebrating the culture and significant contributions of Hispanic and Latino Americans. At APM, we use this as an opportunity to learn more about our APM Family and what their history, culture, and heritage means to them. 

High interest credit card debt can suck the life out of anyone. Paying off your credit card debt at today’s high interest rates can also take major sacrifice—but it doesn’t have to. Not if you’re a homeowner, anyway.

Last month's Consumer Price Index (CPI) news was positive, as it showed that prices cooled to 2.9% last month (on a 12-month basis), down from 3% in June. This is the first time the CPI dipped beneath 3% since March 2021, and strongly suggests that the Federal Reserve will proceed with a rate cut later this month. Mortgage interest rates also show signs of falling, which has already encouraged some homeowners to refinance their existing mortgages.