Translate this page:
![Mortgage Investors Group in [Dynamic1]](../assets/images/mortgage-investors-group.svg)
Market Comment Mortgage bond prices finished the week near unchanged which left rates relatively flat. We started significantly worse but recovered the losses as stocks struggled the latter part of the week. The Treasury auctions were mixed with weak demand for 2 and 5-year notes but decent demand for the 7-year auction. The data was … Continue reading MIG Market Watch, October 30th, 2023
One of the most important elements of a successful homebuying journey is knowing your options. There are choices to make throughout the process that can save you money in the long run. A mortgage buy-down is one of those options to consider. Let’s talk about what it is, and the benefits and drawbacks of using … Continue reading How Buy-Down Mortgages Can Shape Your Homeownership Journey
Market Comment Mortgage bond prices finished the week sharply lower which caused mortgage interest rates to surge higher. Elevated inflation, uncertainty in the Middle East, and the Fed’s continued quantitative tightening factored heavily into trading. The data was mixed but still showed pockets of economic strength. Retail sales rose 0.7% vs 0.3%. Industrial production rose … Continue reading MIG Market Watch, October 23rd, 2023
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 Navigating Homebuying 101: Understanding 2024 Conforming Loan Limits and Why They Matter
While millions of Americans chase the dream of owning their own home every year, it can be a challenging process. First-time homebuyers especially face obstacles that can derail their plans. Low credit scores, high debt, and no savings for a down payment are a few of the many issues that can cause their homebuying journey … Continue reading The Benefits of a Cosigner on Your Homeownership Journey
Market Comment Mortgage bond prices finished the week considerably higher which put some downward pressure on rates. Most of the improvements occurred the beginning of the week as geopolitical tensions in the Middle East escalated. There was flight to safety buying of US debt instruments as a result. Inflation fears remained which resulted in some … Continue reading MIG Market Watch, October 16th, 2023
Yes, the current interest rates might make you cringe at the thought of higher monthly payments and consider postponing your homebuying plans. But before you throw in the towel, you may be surprised to know there are some benefits to buying a home when interest rates are high. Let’s look at 5 advantages of buying … Continue reading 5 Surprising Advantages of Buying a Home in a High-Interest Market
There are many ways to attain homeownership — different loan programs, varied interest rates, and numerous types of down payment options. The best choice for one person or family may not be suitable for another. One of the paths to becoming a homeowner is through the gift of equity from the seller to the buyer. … Continue reading Unlocking the Gift of Equity’s Power: A Generous Path to Homeownership
Market Comment Mortgage bond prices finished the week considerably lower which put sharp upward pressure on rates. We saw some of the highest levels last experienced over 20 years ago. Many Fed officials advocated for additional rate hikes to combat inflation. Oil prices remained in excess of $90/barrel. The data generally supported the narrative that … Continue reading MIG Market Watch, October 9th, 2023
It can be devastating to finally find the home you want only to lose it to another buyer. The good news is, by laying your homebuying groundwork, you can minimize the chances of this happening to you. One of the best ways to boost your chances of get the home you want is to get … Continue reading Boost Your Home Loan Approval Chances With These Smart Strategies
Market Comment Mortgage bond prices finished the week considerably lower which put sharp upward pressure on rates. Rates worsened throughout most of the week but received a much-needed reprieve Thursday afternoon and Friday morning. Elevated oil prices and inflation fears weighed heavily on trading. The data was mixed. FHFA rose 0.8% vs 0.5%. Confidence was103 … Continue reading MIG Market Watch, October 2nd, 2023
Home sellers should make every effort to ensure their property is viewed in the best light. Empty rooms and bare walls make it difficult for many buyers to picture themselves living in a home. Traditionally, many sellers opted to hire home stagers to bring in furnishings that warmed the home up and helped buyers relate … Continue reading 5 Ways the Art of Virtual Staging Enhances Selling Power
