Mark A Gilbert, CFP

12/29/2023

Out with the old, in with the new! 🎉 As we bid farewell to 2023 we're filled with gratitude for old friends, new experiences, and shared learnings. Here's to an even better 2024!

11/30/2023

Do you know what Millennial investors prefer?

11/22/2023

11/21/2023

🏡 Mortgage demand slowed as interest rates continue to rise, reaching the slowest pace since 1995. But there's a new trend emerging—adjustable-rate mortgages (ARMs) are seeing increased demand.

▪️ Total application volume dropped 1% last week compared to the previous week.
▪️ ARMs, which offer slightly lower rates, now account for 9.5% of total demand, the highest level in nearly a year.
▪️ The average contract interest rate for 30-year fixed-rate mortgages increased to 7.90%.
▪️ The average contract interest rate for 5/1 ARMs increased to 6.99%.
▪️ Applications to refinance a home loan increased by 2%.
▪️ Applications for a mortgage to purchase a home fell by 2% and were 22% lower than the same week last year.
▪️ Buyers are facing higher mortgage rates and limited housing supply, making the market for existing homes even more competitive.



Source:

Mortgage demand has essentially stalled at the slowest pace since 1995, as mortgage interest rates continue to rise.

09/27/2023

Did you know that in addition to providing a death benefit, whole life insurance is considered a tax-efficient asset? You may withdraw funds tax-efficiently to help cover expenses or use however you like. Learn more: https://bit.ly/3NYRD7c

09/24/2023

Part of Life Insurance Awareness month is being aware of the different benefits life insurance can provide you beyond the piece of mind of knowing your family is protected. Life insurance can help you accomplish other financial goals in addition to protecting you and your loved ones. Here are the most common reasons Americans said they bought life insurance.