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Market Comment Mortgage bond prices finished the week sharply higher which helped rates improve. We started the week on a positive note despite continued inflation concerns. There were reports that some Fed officials may be uncomfortable with the continued rate hikes. There remains some hope that the Fed changes course in 2023 and is less … Continue reading MIG Market Watch, October 31st, 2022
Maybe you’ve always fantasized about owning an open, sunny bungalow on the beach or a cozy cabin in the mountains. If you’re in a financial position to afford it, why not take the plunge? Buying a second home is different from purchasing your first residence. If you’re thinking about it, here are some homebuying tips … Continue reading Tips for Buying a Second Home
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started the week on a neutral note but then rates shot higher mid-week. There are considerable concerns about liquidity in the US debt markets. The Fed has been a primary purchaser of Treasuries and MBSs and with them taking … Continue reading MIG Market Watch, October 24th, 2022
Of the many decisions home buyers face, choosing whether to buy or build, is by far the biggest one. Building a new home is appealing for several reasons. You can, within reason, get exactly what you want. Big kitchen? Check. Roomy closet? Check. Luxury bathroom? Check! The limits to seeing your dream home come to … Continue reading Considering a New Construction Loan? Here’s What You Need to Know
You may have thought the homebuying process was stressful, but moving to a new place is a whole different kind of chaos. Keep this checklist handy, so you can stay organized and be prepared for moving day. Moving Checklist Schedule your movers, and any time off from work, well in advance. If you have children, … Continue reading Changing Your Address? Keep This Checklist Handy to Be Prepared
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started the shortened trading week on a neutral note ahead of the inflation data. Higher consumer and producer prices sent rates higher mid-week. Producer prices rose 0.4% vs 0.2%. The core, which excludes volatile food and energy prices, rose … Continue reading MIG Market Watch, October 17th, 2022
Everywhere you look, the news is reporting on everyday people making thousands of dollars renting out space on Airbnb. Is it a smart financial move for you to get a loan and buy an investment property for traditional long-term rentals or short-term Airbnb hosting? Read on to help you decide. Rental property mortgage loans differ … Continue reading Is Taking Out a Loan to Buy a Traditional Rental or Airbnb Property a Good Idea?
Market Comment Mortgage bond prices finished the week sharply lower which put upward pressure on rates. We started the week on a positive note amid weak economic data. ISM Index was 50.9 vs 51.3. Construction spending fell 0.7% vs the expected 0.4% decrease. US debt instruments also benefitted early Monday on reports of financial concerns … Continue reading MIG Market Watch, October 10th, 2022
The homeowner’s journey can feel overwhelming, especially if it is your first time purchasing a home. Once you buy your house, you’ll make monthly mortgage payments. You might see terms on your statement you don’t understand. Never fear, we explain them all below so there won’t be any surprises. What’s Included In a Monthly Mortgage … Continue reading Understanding Your Home Loan Payments
Market Comment Mortgage bond prices finished the week slightly positive which kept rates near unchanged to a little lower on the week. We started negatively Monday but turned positive Wednesday as the Bank of England intervened to resume debt purchases. This resulted in significant flight to safety buying of US debt instruments. Uncertainty surrounding inflation … Continue reading MIG Market Watch, October 3rd, 2022
Hispanic Heritage Month (Sept. 15-Oct. 15) is a time to recognize how the Latin population has enriched our lives. When we think of the Hispanic culture, our minds may go to music, pop culture, appreciation of the family unit, and delicious food. However, their positive contributions are obvious in the mortgage market as well. Latinos … Continue reading Take Time to Appreciate the Growth in Hispanic Homeownership
