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The one-of-a-kind summer of 2020 is upon us. With activities curbed or outright closed, you may be looking at the yawning, empty summer calendar and thinking, “How am I going to entertain my kids?” While some of the typical summer fun may be off limits this year, there are still plenty of ways to fill … Continue reading Summer Checklist: Creating a Mostly Low-Key, Fun Summer for Your Kids
MARKET COMMENT Mortgage bond prices finished the week higher which put a little downward pressure on rates. The Fed kept their MBS buying relatively constant. The data was mixed. Existing home sales were 3.91M vs the expected 3.98M. New home sales were 676K vs 640K. The NAHB Housing Price Index rose 0.2% vs the expected … Continue reading MIG Market Watch, June 29th, 2020
If you are looking for a new home, you need to know how much money you will have to pay per month. This is incredibly important for figuring out your monthly budget. One of the tools that can help you do exactly that is called a mortgage calculator. A good mortgage calculator will help you … Continue reading Using a Mortgage Calculator to Estimate Your Monthly Payment
It’s certainly been an unusual year. With most of us sheltering in place for the last few months, it can be difficult enough to remember what day it is; let alone what month. But we’ve made it to June and the official kick-off to summer is just around the corner. We’re seeing many businesses and … Continue reading Summer Movies to Watch
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. The Fed kept their MBS buying relatively constant, but we still saw selling pressure most of the trading days. The data was mixed but some releases surprised with signals of economic strength. Retail sales surged higher by 17.7%. Analysts expected … Continue reading MIG Market Watch, June 22nd, 2020
If you need to qualify for a home loan with low or moderate income, an FHA loan might be the right option. This is a unique home loan that has been furnished by the Federal Housing Administration. There are a few key points that people should keep in mind when it comes to an FHA … Continue reading What are the Requirements of an FHA Mortgage?
MARKET COMMENT Mortgage bond prices finished the week significantly higher which put downward pressure on rates. The Fed’s announced tentative MBS buying amounts remained near unchanged which started the week on a positive note. There was some upward pressure on rates in the middle of the week tied to the data. Consumer prices fell 0.1% … Continue reading MIG Market Watch, June 15th, 2020
Mortgage and interest rates are far from a one-size-fits-all approach. For this reason, it is important for anyone interested in buying a home to consider the many options available to them. Finding the right mortgage is important because this can lead to major financial savings. Take a look at some of the top mortgage options … Continue reading What Type of Loan Is Best for You When Purchasing a House?
Are you thinking about buying a home this summer? You probably have a lot of questions. How is the Covid-19 pandemic impacting the housing market? Is it a good time to buy a house in 2020? Can I afford what I want? Who can help me get the house that’s best for me? At MIG, … Continue reading Tips and Tricks: How to Confidently Buy a Home This Summer
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. The Fed’s tentative buying amounts reduced again but only slightly. Rates were steady the first part of the week. Stronger data mid-week and Friday sent rates higher. ADP employment fell 2.76M vs the expected 11M decrease. Factory orders fell 13% … Continue reading MIG Market Watch, June 8th, 2020
Maybe you’re staying home more often because of the COVID-19 pandemic, and it’s got you thinking, “I really need to do some updating around here.” Don’t be thwarted by the idea of losing weekend after weekend to an endless to-do list. Many top DIY projects can be completed in just a few hours to breathe … Continue reading Simple Summer Projects to Revitalize Your Home
MARKET COMMENT Mortgage bond prices finished the week near unchanged which kept rates relatively flat. The Fed’s tentative buying amounts reduced again but this time very slightly and they generally kept rates steady throughout most of the week. The prior week we looked at $4.545B purchased daily and last week it appeared to be around … Continue reading MIG Market Watch, June 1st, 2020
