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If you’ve decided to buy a house, congratulations! Homeownership is a rewarding experience and a great long-term investment. We’ve put together a list of terms you are likely to encounter — but may not yet be familiar with — during the homebuying process. Escrow This term refers to an account set up by the mortgage … Continue reading Basic Mortgage Terms You Should Know When Buying a Home
In a hot seller’s market, buyers must be willing to make concessions if they want to win the bidding war. Many times, this includes tossing out the negotiation process and accepting a property as-is. An as-is deal means that the buyer doesn’t expect any updates, repairs or credits from the seller. If a home is … Continue reading What to Know When Buying a House “As-Is”
Market Comment Mortgage bond prices finished the week near unchanged despite significant market volatility. We saw heavy selling early in the week in anticipation of the Fed rate hike. The Fed hiked rates 25 basis points as expected. Trading rebounded later in the week in response to the Fed’s wording (see below.) The data was … Continue reading MIG Market Watch, March 27th, 2023
Home – it isn’t just a building filled with familiar familial pictures and furniture or a place that can be defined with the physical. Home is a concept, a value; it’s essential to the human experience. Whether it’s an Etsy t-shirt someone is wearing on the train that says, “The magic thing about home is … Continue reading April is National Fair Housing Month
Many industries have seen big benefits from technology, and the mortgage industry is no different. Technology tools are everywhere, saving time and making processes easier than before. Here are six of the best tech trends used by real estate professionals and mortgage loan companies to make finding and purchasing a new home more seamless. Automated … Continue reading Technology Trends That Simplify the Homebuying Process
There are lots of ways to describe the homebuyer experience. Exciting, scary, confusing, thrilling, frustrating, and sometimes even smooth are some words that come to mind. Minimize the confusion and stress of buying a house by preparing for the journey in advance. Here are five pro tips for making sure your house-hunting experience is successful, … Continue reading 5 Tips for a Successful House-Hunting Experience
Market Comment Mortgage bond prices finished the week near unchanged despite significant market volatility. We saw quarter point plus swings daily as fear and uncertainty increased. Trading was driven a lot by the SVB bank run and the US Government’s actions to stem the contagion. The data was mixed. Consumer prices rose 0.4% as expected. … Continue reading MIG Market Watch, March 20th, 2023
When you’re thinking about buying a house, getting approved for a mortgage loan is a high priority. It’s important to know that there are many types of mortgages and the one that’s best for you depends on your personal situation. Let’s look at some of the most common mortgage loans homeowners should know about. Conventional … Continue reading Types of Mortgage Loans Homebuyers Should Know About
There are several costs associated with buying a home. You’re probably prepared for earnest money, down payment and appraisal fee. But have you budgeted for closing costs? Keep reading to learn what’s included in closing costs, when you pay them, and how to ensure you have the money to handle them. What’s Included in Closing … Continue reading The 411 on Budgeting Closing Costs
Market Comment Mortgage bond prices finished the week higher which helped rate improve slightly. Trading started on a positive note Monday, turned negative mid-week, and recovered Friday. The data was mixed. Factory orders fell 1.6% vs the expected 1.8% decline. ADP employment rose 242K vs 200K. The trade deficit was $68.3B vs $68.9B. Weekly jobless … Continue reading MIG Market Watch, March 13th, 2023
Market Comment Mortgage bond prices finished the week lower which put additional upward pressure on rates. Trading started on a positive note Monday but selling pressure followed the remainder of the week. Minneapolis Fed President Kashkari, a voting member, expressed openness to more aggressive rate hikes which caused some selling pressure. The trade deficit was … Continue reading MIG Market Watch, March 6th, 2023
A New Approach to Women’s History Month Three Steps to a New Future for Women March is Women’s History Month! It is not only a time to celebrate the women throughout history and our lives that have contributed and created so much, but also a time to imagine a new world—one without barriers and glass … Continue reading A New Approach to Women’s History Month: Three Steps to a New Future for Women
