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A lot of new terms get thrown at you on the purchasing journey, and one of them is conforming loan limits. Let’s dig into what that means and how it affects your ability to buy the home you want. What is a conforming loan? Fannie Mae and Freddie Mac are government-created enterprises that buy mortgages … Continue reading The 411 on Conforming Loan Limits for 2023
“To deny people their human rights is to challenge their very humanity.” Nelson Mandela No one could speak to the concept of human rights more than someone who has gone face to face with the darkest sides of the human experience, endured the most abusive treatment, and come out at the end with their spirit, … Continue reading Universal Human Rights Month
Market Comment Mortgage bond prices finished the week near unchanged which held rates flat despite a little volatility early in the shortened trading week. Rates shot higher Monday and Tuesday amid thin trading conditions and no data. We recovered some of the losses Wednesday morning and afternoon. There was no trading Thursday in honor of … Continue reading MIG Market Watch, November 28th, 2022
Market Comment Mortgage bond prices finished the week near unchanged which held rates flat despite considerable volatility throughout the week. Fed Governor Christopher Waller said on Sunday the October inflation report was “just one data point.” St. Louis Fed President James Bullard noted that “the policy rate is not yet in a zone that may … Continue reading MIG Market Watch, November 21st, 2022
There are numerous phrases and terms you’ll hear during the home-buying process that may be unfamiliar. While you’ve undoubtedly heard the term “mortgage,” you may not realize how it differs from a deed of trust. Let’s look at the differences and talk about when to use one over the other. Why Is There Confusion? Both … Continue reading What’s the Difference Between a Mortgage and a Deed of Trust? Here’s What Homebuyers Should Know
Market Comment Mortgage bond prices finished the week sharply higher which put downward pressure on rates. We started the week on a negative note amid continued inflation fears. The mid-term elections resulted in some back-and-forth movements. Favorable inflation data helped us end the shortened trading week on a strongly positive note (see article below.) The … Continue reading MIG Market Watch, November 14th, 2022
When you think about moving during the holidays, you may respond like Macaulay Culkin did when he put aftershave on his face in “Home Alone.” Moving during the holidays may seem daunting at first, but it has its good points, too. You’ll likely have some time off, which makes it easier to unpack. And the … Continue reading Top 7 Tips for Moving During the Holidays
If you’re thinking about buying a house, there are several things to consider. A first-time homebuyer needs to review the market and their personal financial situation to decide if the time’s right. Here are some of our best tips to help you determine if it’s a good time to buy a house. Market Factors Do … Continue reading Buying a Home? Here’s How to Determine If It’s the Right Time to Buy
Market Comment Mortgage bond prices finished the week sharply lower which put upward pressure on rates. We started the week on a negative note amid continued inflation fears. Liquidity concerns dominated newswires. The Fed raised rates 75 basis points as expected and indicated, “Inflation remains elevated, reflecting supply and demand imbalances.” They continued, “The Committee … Continue reading MIG Market Watch, November 7th, 2022
In today’s market, you may think affordable housing is as elusive as the Tooth Fairy or Santa Claus. But it doesn’t have to be. If you know where to look and how to pursue your homeownership dream, you stand a better chance of finding a home that doesn’t bust your budget. Here’s everything you need … Continue reading Everything You Need to Know About Affordable Housing
One of the positive aspects of getting a mortgage is the variety of options available. Many home buyers don’t realize you can shop around for a loan. So, if one doesn’t fit your budget or needs, you can talk to another lender and see what they can offer. Why are there so many mortgage options? … Continue reading Shopping for a Home Means Shopping for a Mortgage
November is National Native American, American Indian and Alaska Native Heritage Month! Take some time to learn about their history and find some ways to honor and celebrate. Here’s a brief history and some ideas to get you started. Brief History National Native American, American Indian, and Alaska Native Heritage Month was signed into law … Continue reading Celebrating National Native American, American Indian, and Alaska Native Heritage Month
