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Hispanic Heritage Month starts Sept. 15 and lasts until Oct. 15. This is the perfect time to learn more about Hispanic history, make an effort to assist their cause, and celebrate the culture. Why Does Hispanic Heritage Month Start in the Middle of the Month? Instead of beginning on the first of the month, Hispanic … Continue reading Celebrating Hispanic Heritage Month
Market Comment Mortgage bond prices finished the week near unchanged to slightly lower which put a little upward pressure on rates. We started the week on a negative note and that continued into Thursday morning. Rates rebounded Thursday afternoon and pricing was better Friday morning amid tame inflation readings. The data was mixed. New home … Continue reading MIG Market Watch, August 29th, 2022
Market Comment Mortgage bond prices finished the week a little lower which put upward pressure on rates amid considerable volatility. We started the week on a positive note amid no data. Rates worsened Tuesday as reports indicated China continued to dump US debt holdings and that their Treasury holdings were at 12-year lows. The data … Continue reading MIG Market Watch, August 22nd, 2022
If you qualify for a Veteran’s Administration (VA) loan, it may be the best option for financing your new home. One of the many good things about VA loans is that they have requirements that protect the borrower from paying too many fees. They call these fees “non-allowable fees” and avoiding them can save borrowers … Continue reading VA Non-Allowable Fees: What Are They and How Are They Determined?
Market Comment Mortgage bond prices finished the week a little better to help rates remain steady despite considerable volatility. We started the week on a positive note amid tame inflation readings. The consumer price index was unchanged vs the expected 0.3% increase. The core rose 0.3% vs 0.6%. The YOY change was 8.5% vs 8.7%. … Continue reading MIG Market Watch, August 15th, 2022
Homebuyers need to cover several types of expenses during their purchasing journey. One of those are the closing costs associated with securing the loan. Sometimes these costs make buyers think twice before moving forward with their plan. If you’re getting a United States Department of Agriculture (USDA) home loan, the requirements may be different from … Continue reading USDA Loan Closing Costs: Can They be Rolled into Your Loan?
Paying off debt is good advice if you want to buy a house. So is saving for a down payment. The question is, which one is most important? Many times, the answer is both. High debt loads can cause you to need a costly mortgage bad credit loan, while a paltry down payment can knock … Continue reading Save Money While Paying Off Debt with These Tips
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started the week on a positive note Monday but traded negatively the remainder of the week. Inflation fears tied to comments from Fed officials about continued rate hikes pressured rates higher Wednesday. Solid data Friday morning resulted in additional … Continue reading MIG Market Watch, August 8th, 2022
When you’re wanting to purchase a new home, you’ll undoubtedly be concerned about how much to pay down on the property. After all, a down payment affects your interest rate and how much home you can afford. If you haven’t been able to squirrel away a hefty savings, you may be considering trying to borrow … Continue reading Can I Borrow Money For a Down Payment? Yes, But You May Not Need to
If you’re planning on buying a house, you need to make sure you understand every part of the mortgage loan process in advance. Your loan officer is the person you can trust to give you accurate, thorough information about all aspects of your mortgage loan. Not sure what to ask? Here are 15 questions you … Continue reading 15 Smart Questions to Ask When Choosing A Mortgage Lender
Market Comment Mortgage bond prices finished the week higher which helped rates improve. Trading remained volatile. Rates worsened ahead of the Fed meeting Wednesday. The Fed raised rates 75 basis points as expected. Data that signaled the economy is in a recession reversed the rate spikes seen earlier in the week. GDP fell 0.9% vs … Continue reading MIG Market Watch, August 1st, 2022
Summer’s almost over, and it’s time to get into the back-to-school routine. Whether you’re ready for a more structured schedule or you wish the lazy days would last forever, it’s essential to create a plan for getting your family organized. Follow these tips to make everyone’s mornings a breeze. The Week Before There are tasks … Continue reading Ready to Get Back to School? These Pointers Will Make Your Family’s Morning Routine a Breeze