Blog – Page 2 of 911 – Fred Gruber - First Rate Financial Group

06

Oct

Financial Reports

What’s Ahead For Mortgage Rates This Week – October 6th, 2025

The release of key Unemployment Data was delayed last week due to administrative changes in how jobless figures are tracked. The Consumer Confidence report reflects these policy adjustments, showing growing concerns about the job market and a larger-than-expected decline in confidence for September.

Lastly, with tariff disruptions continuing to affect the manufacturing sector, the Global US Manufacturing data has revealed that production has slowed overall since the initial disruptions.

Manufacturing PMI
The latest survey showed a weaker gain in production, whilst new order book growth softened as tariffs continued to weigh on exports. Tariffs and broader policy uncertainty also dampened firms’ assessment of the business outlook, but expectations of manufacturing production reshoring and hopes of better demand in the year ahead meant sentiment remained positive overall.

Consumer Confidence
Consumer confidence fell sharply in September on growing worries about the labor market. The consumer-confidence index dropped to 94.2 in September from a revised 97.8 in the prior month, the Conference Board said Tuesday. This is the lowest level since April.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw an increase of 0.06% for this week, with the current rate at 5.55%
• 30-Yr FRM rates saw an increase of 0.04% for this week, with the current rate at 6.34%

MND Rate Index
• 30-Yr FHA rates saw a decrease of -0.06% for this week. Current rates at 6.03%
• 30-Yr VA rates saw a decrease of -0.05% for this week. Current rates at 6.05%

Jobless Claims
The unemployment data has been delayed, but expected claims are 222,000. The prior week landed at 218,000.

What’s Ahead
The key releases next week will include major inflation reports — the CPI and PPI — along with the delayed Unemployment Data report. The Federal Reserve’s Beige Book will also be a notable release.

03

Oct

By Fred Gruber

Mortgage Tips

Special Mortgage Programs for Heroes

First responders and military families play vital roles in our communities, and there are mortgage programs designed to recognize their service. These programs often provide favorable terms, lower down payments, and unique benefits that make homeownership more accessible. Understanding these options can help heroes and their families achieve their dream of owning a home while taking advantage of benefits tailored to their service.

VA Loans for Military Families
One of the most well-known mortgage options for military personnel is the VA loan, which offers 100 percent financing with no down payment, competitive interest rates, and no private mortgage insurance requirement. VA loans are available to active-duty service members, veterans, and eligible surviving spouses. They can be used to purchase a primary residence or refinance an existing mortgage, making them a flexible option for military families.

Special Programs for First Responders
Many first responders, including police officers, firefighters, and emergency medical personnel, may qualify for local, state, or employer-assisted mortgage programs. These programs often offer reduced interest rates, down payment assistance, or grants to help offset the cost of purchasing a home. Researching programs specific to your profession and location can unlock significant savings and make homeownership more attainable.

Benefits Beyond Financing
In addition to favorable loan terms, some programs provide financial counseling, assistance with closing costs, and resources to help first responders and military families plan for long-term homeownership. Taking advantage of these resources can improve financial literacy, reduce stress during the homebuying process, and ensure a smooth transition into homeownership.

Choosing the Right Program
When exploring mortgage options, it is important to compare benefits, eligibility requirements, and costs. Working with a mortgage professional who understands first responder and military programs can help identify the best loan for your situation, maximize savings, and simplify the process. With the right program, heroes can secure a home that fits their familyís needs while taking full advantage of service-related benefits.

02

Oct

By Fred Gruber

Mortgage Tips

Financing Land and New Construction Homes

Buying land or constructing a new home offers exciting opportunities for customization and investment, but the mortgage process differs from traditional home loans. Lenders often have stricter requirements for land and new construction financing, so understanding your options, planning ahead, and working closely with a mortgage professional is essential. By knowing what to expect, you can navigate this process smoothly and secure the financing needed to bring your vision to life.

Land Loans: What You Need to Know
Purchasing raw land typically requires a land loan, which differs from a standard mortgage. Lenders consider land riskier because it is not yet a livable property, which can result in higher interest rates, larger down payment requirements, and shorter loan terms. Factors such as location, zoning, and access to utilities influence loan approval and terms, so it is important to do thorough research before purchasing.

Mortgages for New Construction Homes
Financing a new build often involves a construction-to-permanent loan, which covers the cost of building your home and converts into a standard mortgage once construction is complete. This type of loan requires detailed plans, budgets, and timelines, and lenders typically disburse funds in stages as the construction progresses. Having a reliable builder and a clear financial plan is crucial to ensure the project stays on schedule and within budget.

Benefits of Financing Land and New Builds
Buying land and building a home allows you to customize your property, select your preferred location, and potentially increase long-term property value. A construction loan can also give you flexibility in managing funds and timelines, while land ownership provides opportunities for future development or investment. Proper planning and professional guidance can maximize these benefits and reduce financial stress.

Risks and Considerations
Land and construction loans carry unique risks. Construction delays, cost overruns, or changes in market conditions can impact your budget and financing. Lenders may require higher down payments and have stricter approval processes, so it is vital to maintain a strong credit profile, adequate savings, and contingency plans. Consulting with a mortgage professional can help you navigate these challenges and make informed decisions.

Making the Right Choice
Financing land purchases and new builds require careful planning, thorough research, and professional guidance. By understanding loan options, preparing financially, and working closely with lenders, homeowners and investors can successfully secure financing, build their dream property, and potentially increase long-term wealth through smart real estate decisions.