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If you’ve been renting for a long time, you’re probably used to a single monthly payment for your housing needs. For some people, your rent payment covers a range of things from housing, power and heat to parking, sewer and water. But when you own a house, your monthly payments are going to be a … Continue reading What Exactly Does Your Mortgage Payment Cover?
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. Rates worsened Monday through Wednesday with a slight rebound Thursday and Friday mornings. The Fed continued their MBS purchases, but they only buffered the selling pressure. The data was mixed but some of it showed economic strength. The FHFA house … Continue reading MIG Market Watch, August 31st, 2020
It might seem obvious: a 15-year mortgage lasts for 15 years, and a 30-year mortgage lasts for 30 years. But there’s actually more to it than just the length of the loan. Like most choices when it comes to a mortgage, there are tradeoffs. So how do you decide which loan term is right for … Continue reading What Are the Differences Between a 15- and 30-Year Mortgage?
MARKET COMMENT Mortgage bond prices finished the week higher which put downward pressure on rates. Rates improved slightly Monday through Wednesday. We saw some selling pressure both Wednesday and Thursday afternoons into Friday morning. The 20 Year Treasury bond auction showed poor demand. The data was mixed. NAHB housing came in at 78 vs 74. … Continue reading MIG Market Watch, August 24th, 2020
If you think your bad credit situation is stopping you from buying a home, think again. The possibilities of getting into a home have increased over the last few years, and there are several ways to achieve homeownership without having stellar credit. Start With Your Most Current Credit Score Without knowing your current credit score, … Continue reading Ways to Buy a Home With Bad Credit
While it’s never a bad time to purchase a home if you – and your finances – are ready for it, late spring and fall are premium times to embark on the homebuying path. If you have been thinking about becoming a first-time homebuyer or you already own and want to scale either up or back, … Continue reading It’s the Best Time to Buy a House
MARKET COMMENT Mortgage bond prices finished the week sharply lower which put upward pressure on rates. Producer prices rose 0.6% vs the expected 0.3% increase. The core, which excludes volatile food and energy prices, rose 0.5% vs the expected 0.1% increase. The inflation data on the consumer side basically mirrored the data from the producer … Continue reading MIG Market Watch, August 17th, 2020
Finding a home begins with finding the right mortgage lender. You want to find a mortgage lender that can give you the best offer, while also ensuring that they’re reputable and will be able to service your loan. Here’s what you need to do to prepare, both before and during the process of vetting mortgage … Continue reading How Do I Find the Best Mortgage Lender for Me?
Your mortgage payment is often the largest one to contend with each month, but it’s by far one of the most important bills that can’t be ignored when it comes to budget planning. While you likely planned ahead to know how much home you could realistically afford while also tamping down debt, improving credit scores … Continue reading What Are the Benefits of Paying Extra on My Mortgage?
Back-to-school time is upon us, and you’re undoubtedly planning for school clothes, supplies, and after-school care. In the midst of it all, it’s easy to forget that another year is beginning, and the memory needs to be captured. On the first day, or first week, of classes, snap a few photos of your kids to … Continue reading Creative Back-to-School Photos
MARKET COMMENT Mortgage bond prices finished the week slightly higher which put downward pressure on rates. The Fed continued to dominate trading with additional billion-dollar MBS purchases daily. The rate changes we did see were within a very tight range which supported their goal of market stability. Construction spending fell 0.7% vs the expected 1.3% … Continue reading MIG Market Watch, August 10th, 2020
The weather may still be sweltering, but we know fall is just around the corner. Gearing up for kids to return to school makes late summer a busy time. Save yourself some headaches and prepare for the school year by getting your house in order beforehand. Here is your complete late summer cleaning list to get you ready for fall. … Continue reading Your Complete Late-Summer Cleaning List
