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MARKET COMMENT Mortgage bond prices finished the week higher which put slight downward pressure on rates. Rates fell Monday morning to start the week on a positive tone. Durable goods orders fell 2% versus the expected 1.4% decline. New home sales data was also worse than expected. Sales rose 719K versus the expected 735K increase. … Continue reading MIG Market Watch, December 30th, 2019
While it’s true that getting a home loan is harder when credit scores dip below established standards, it’s certainly not impossible. In fact, some programs and lenders go out of their way to help struggling would-be buyers obtain a home of their own. Buying that house of your dreams will take work and dedication on … Continue reading Home Loans for Bad Credit
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. Rates were flat Monday and Tuesday mornings despite solid data. The NAHB housing index was 76 versus the expected 69. Housing starts were 1.365M versus 1.34M. Industrial production rose 1.1% which was higher than the anticipated 0.8% increase. Capacity use … Continue reading MIG Market Watch, December 23rd, 2019
Getting in the Christmas spirit is fun. Once the weather cools, you can’t help but start looking forward to the holidays and all they bring. After all, why wouldn’t you want to enjoy the entire Christmas season of shopping, spending time with family, and decorating your home to the hilt? But maybe you’re on a … Continue reading How to Decorate for the Holidays When You’re on a Budget
Foreclosed homes are homes that have been repossessed by the bank due to the owner’s inability to pay the mortgage payments on time. For the savvy homebuyer, these foreclosure homes can be an excellent real estate strategy and a nice friend to your wallet. But just like anything that seems like a good opportunity, it’s … Continue reading The Pros and Cons of Purchasing a Foreclosure
MARKET COMMENT Mortgage bond prices finished the week near unchanged to slightly positive which kept rates in check. We started the week on a positive note Monday morning amid no data as rates improved slightly. The positive movement was short-lived as the gains were erased Tuesday morning. Q3 Productivity fell 0.2% versus the expected 0.1% … Continue reading MIG Market Watch, December 16th, 2019
Moving can be stressful, tedious, and frustrating at any time of year, and winter poses particularly challenging problems. But when you find your dream home, you can’t hesitate! Buying a house in winter sets you up to move during the colder months of the year when it may be rainy, icy, or snowy. We have … Continue reading Smart Tips for Moving in Winter without Losing Your Mind
The Federal Housing Finance Agency (FHFA) recently announced that maximum limits for conforming loan mortgages will increase in 2020. This is positive news for those who are thinking about purchasing a home in the new year. Since home prices are increasing, buyers who may have otherwise needed a jumbo loan to pay for their new … Continue reading New FHFA Maximum Conforming Loan Limits for 2020
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. We started the week on a bad note when traders focused on reports the Federal Reserve is considering changing their 2% inflation rule to allow an overshoot. The Fed would like to see some indicators exceed the 2% mark so … Continue reading MIG Market Watch, December 9th, 2019
When you’ve made the decision to become a homeowner, your first step is to qualify for a loan that fits your budget and financial needs. In many cases, it’s advantageous to seek the assistance of a mortgage company. Here’s a look at what a mortgage company is and how the right loan option can help you secure … Continue reading How a Mortgage Company Can Help You Purchase a Home
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates flat again last week. Rates improved Monday and Tuesday only to give back the gains Wednesday. The FHFA house price index rose 0.6% versus the expected 0.4% increase. New home sales were 733K. Analysts expected a reading of 710K. Consumer confidence countered … Continue reading MIG Market Watch, December 2nd, 2019
Was your last attempt at a big gathering a disaster? Or have you never hosted one before? No matter what’s causing your holiday hosting jitters, you can get past it and plan the dinner of the year. Simply take a deep breath, make some lists, and don’t leave anything ’til the last minute. Here are … Continue reading How to Host a Holiday Dinner Like a Pro
