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Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Trading went back and forth but ended on a sour note in response to higher-than-expected inflation readings and some surprises from Fed officials. The Fed minutes indicated, “A few participants stated that they favored raising the target range for the … Continue reading MIG Market Watch, February 27th, 2023
Buying a home is probably the biggest purchase you’ll ever make. There are several ways you can go down the wrong path and end up paying for those mistakes for years. No pressure, right? Never fear, because we’re going to make you aware of the nine biggest mistakes to avoid while you are house hunting. … Continue reading Avoid These 9 Common Mistakes When House Hunting
Whether you’ve lived in your place for years and want to update it, or you just moved into a house that needs some TLC, it’s smart to spend your time and money investing in renovations that offer high return on your investment. That way, if you sell your home down the road, the remodeling you … Continue reading Top 5 Home Renovation Trends for 2023
Market Comment Mortgage bond prices finished the week sharply lower which put upward pressure on rates. Rates worsened throughout most of the week as inflation fears continued. Higher than expected inflation readings resulted in MBS selling pressure. Consumer prices rose 0.5% as expected. The core rose 0.4% as expected. Year over year CPI rose 6.4% … Continue reading MIG Market Watch, February 20th, 2023
Hopeful homebuyers typically have lots of questions about the process, many related to their credit report. Let’s look at the most common questions we hear about credit reports and credit scores. Why do I have three credit scores? There are three credit bureaus: Equifax, TransUnion and Experian. They are competitors, so they don’t share information. … Continue reading FAQs Regarding Your Credit Report
If this is the year you’re going to become a homeowner, then you’re in the right place. Read on for some trusty tips and tricks that will help you navigate the process. Make a Budget If you don’t already know where most of your take-home pay goes, figure it out with a budget. Either write … Continue reading Is Your New Year’s Resolution to Buy Your Dream Home?
Market Comment Mortgage bond prices finished the week sharply lower which put upward pressure on rates. Rates worsened throughout most of the week as inflation fears continued. We started negative in carryover from the strong employment report the prior week. Fed Chair Powell spoke Tuesday which calmed things temporarily. However, Fed official Waller indicated that … Continue reading MIG Market Watch, February 13th, 2023
Just when you think you’ve planned for everything regarding your homebuying journey, closing costs hit you. Closing costs are the fees the lender requires to process the transaction between you (the buyer) and the seller. Whether you were prepared for them or they took you by surprise, knowing your options is the best plan for … Continue reading Can I Reduce or Negotiate My Closing Costs?
Market Comment Mortgage bond prices finished the week slightly positive which helped rates push a little lower. Rates improved throughout most of the week but lost a considerable portion of the gains Friday morning in response to stronger than expected data. Unemployment was 3.4% vs 3.6%. Non-farm payrolls rose 517K vs 190K. Average hourly earnings … Continue reading MIG Market Watch, February 6th, 2023
Sometimes, homeowners want to sell their places. Maybe they want to size up, scale down, move neighborhoods, or get away from nosy or loud neighbors. Whatever the reason, if you still have a mortgage on your property, you might worry that selling will be complicated. Good news! Selling a home with a mortgage is simple … Continue reading Tips for Selling Your Home With a Mortgage
