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Ok! Be honest.. Who has dealt with a banker or a mortgage loan officer and felt like they were speaking to you in another language? For example: Your DTI (debt to income) is too high You’re over the max LTV (loan to value) Your file has gone to UW (underwriting) We are waiting on your 4506 (tax … Continue reading Are we speaking the same language?
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates in check. Rates started slightly better Monday and Tuesday morning amid no data. There was a selloff Tuesday afternoon which was reflected in pricing Wednesday morning. The economic releases later in the week were mixed. The FHFA Housing price index was up … Continue reading MIG Market Watch, May 29th, 2017
TOM BAKER AUTHOR OF ONE DOG’S FAITH Baker joins The Housing Hour this week to discuss his inspirational book, ‘One Dog’s Faith.’ After financial hardship struck his business in 2012, Tom felt like his world was imploding. Desperately seeking peace and solace, he discovered his path back to God from the most unlikely source, his … Continue reading This Week on The Housing Hour: Tom Baker
Did you know you can get assistance when preparing to buy a home before you are actually ready to submit a formal loan application? I assist many clients months before they are ready to complete their loan application. The mortgage process can seem a little daunting. Educating my customers on what the guidelines are for credit, income, and/or assets seems … Continue reading Pre-Purchase Planning
It’s always a successful luncheon when images shown during a presentation stirs something in the hearts of those attending. I attended a Food For Kids luncheon a few weeks back; Fully aware of what the luncheon was representing but not fully prepared for the knowledge I would gain that day. The images and videos of the teachers and faculty packing children’s … Continue reading Food For Kids
MARKET COMMENT Mortgage bond prices finished the week higher which helped rates improve. Trading was quiet the first of the week with a positive bias. Stock weakness mid-week resulted in some nice rate improvements as flight to safety buying emerged. This was reversed slightly Thursday afternoon as stocks recovered some of the earlier losses. The … Continue reading MIG Market Watch, May 22nd, 2017
RALPH PERREY THDA EXECUTIVE DIRECTOR Perrey joins The Housing Hour this week to give our listeners an update on the new $15,000 down payment program available across the State for specific zip codes. Ralph also explains the different THDA programs available and how Tennesseans can benefit from these first time home buyer programs. Be sure … Continue reading This Week on The Housing Hour: Ralph Perrey
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates in check. There was a slight negative bias throughout most of the early part of the week despite wild stock swings. Fed speakers primed the financial markets for an announcement sometime this year regarding a reduction in their balance sheet. Weekly jobless … Continue reading MIG Market Watch, May 15th, 2017
MARKET COMMENT Mortgage bond prices finished the week lower which pushed rates higher. The Core PCE, the Fed’s favored inflation gauge, fell 0.1% as expected. Personal income rose 0.2% and spending was unchanged. The ISM Index was weaker than expected. ADP employment showed the economy added 177,000 jobs in April which was near the expected … Continue reading MIG Market Watch, May 8th, 2017
