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Market Comment Mortgage bond prices finished the week near unchanged which kept rates flat. All the changes were within a very narrow range in contrast to prior weeks. The data was mixed but the housing sector remained solid despite the higher interest rate environment. NAHB housing was 46 vs 44. Housing starts were 1.311M vs … Continue reading MIG Market Watch, November 25th, 2024
When buying a home, most people focus on saving for a down payment, but there’s another set of expenses you need to be prepared for: closing costs. These costs can sometimes catch buyers by surprise, but understanding them ahead of time can help you budget more effectively and avoid any last-minute financial stress. In this … Continue reading The Ultimate Guide to Closing Costs
When you’re ready to buy a home, getting pre-approved for a mortgage is one of the smartest moves you can make. Pre-approval is like having a golden ticket in the competitive world of real estate. It shows sellers that you’re serious, provides you with a clear budget, and can even give you an edge in … Continue reading The Power of Pre-Approval – Why It Matters
Taking on a mortgage is one of the biggest steps toward achieving financial stability and building long-term wealth. Unlike other types of debt, a mortgage is an investment in your future that can offer multiple benefits, from increasing your net worth to providing a stable foundation for your financial goals. Let’s explore how a mortgage … Continue reading The Impact of a Mortgage on Your Financial Future
Buying a home is a major milestone, and the home inspection is a critical step in that journey. A home inspection helps ensure that your dream home is not hiding any costly surprises. For many first-time buyers, the inspection process can feel a bit mysterious. But fear not—knowing what to expect can help you feel … Continue reading The Home Inspection Process – What to Expect
Market Comment Mortgage bond prices finished the week sharply lower which put significant upward pressure on rates. Rates worsened almost every day of the week. Fed Chair Powell signaled caution on future rate cuts and said they do not have to be “in a hurry.” The data was mixed. Consumer prices rose 0.2% and the … Continue reading MIG Market Watch, November 18th, 2024
As a Realtor, one of your primary goals is to help your clients navigate the home-buying process smoothly and confidently. One critical aspect of that journey is understanding the various mortgage options available to them. By familiarizing yourself with different types of loans—FHA, Conventional, THDA, USDA, and VA—you can guide your clients to make the … Continue reading Realtor Radar – Maximizing Client Satisfaction by Understanding Mortgage Options
Filing for bankruptcy can feel like a huge setback, but it doesn’t mean you have to give up on your dream of owning a home! With a bit of patience and some strategic steps, you can rebuild your financial profile and get back on track toward mortgage approval. Here’s a friendly guide to help you … Continue reading How to Prepare for a Mortgage After Bankruptcy
Market Comment Mortgage bond prices finished the week sharply higher which put significant downward pressure on rates. Rates worsened to start the week but bounced back Wednesday afternoon, Thursday, and Friday. The Federal Reserve cut rates 25 basis points as expected. The decision was unanimous. Fed Chair Powell signaled they will remain data dependent and … Continue reading MIG Market Watch, November 11th, 2024
Building equity in your home is a smart way to boost your net worth and create financial opportunities for the future. Whether you’re looking to refinance, take out a home equity loan, or eventually sell for a profit, the more equity you have, the better your options. If you’re already settled in your home and … Continue reading How to Build Equity in Your Home Faster
Buying a home as a single parent is a powerful step toward creating a stable and secure environment for your family. While the journey might seem challenging, especially with the unique responsibilities of raising a family on your own, it’s entirely possible—and incredibly rewarding—with the right approach, resources, and support. At Mortgage Investors Group, we’re … Continue reading Buying a Home as a Single Parent – Tips and Resources
Market Comment Mortgage bond prices finished the week sharply lower which put continued upward pressure on rates. Rates worsened to start the week, bounced back a bit mid-week, sold off again, then rallied around the employment report Friday morning. The IMF released a report on debt risks. The data was mixed. FHFA Housing rose 0.3% … Continue reading MIG Market Watch, November 4th, 2024
