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In the past, unscrupulous lenders preyed upon uninformed borrowers. This was so widespread that the government set regulations that must be followed to maintain fair, transparent practices. One of those is the Truth in Lending Act. Let’s talk about the Truth in Lending Act (TILA), its history, what it does, and how it protects you. … Continue reading How Does the Truth in Lending Act Protect Your Mortgage?
Market Comment Mortgage bond prices finished the week sharply higher which put downward pressure on rates. Sentiment changed to slightly favor a Fed pivot on high rates sooner rather than later. A Fed official noted that they are confident in their ability to slow the economy and get inflation back near 2%. The data showed … Continue reading MIG Market Watch, December 4th, 2023
Is one of your 2024 New Year’s resolutions to buy a home? If so, good for you! There are plenty of fantastic short- and long-term benefits that homeownership offers. The sooner you start planning, the better your chances will be of making good decisions, securing a mortgage, and getting into the home you want. Upfront … Continue reading Preparing Your Finances for a Successful Home Purchase in 2024
Market Comment Mortgage bond prices finished the week slightly lower which put upward pressure on rates. We started positively Monday and Tuesday in response to generally tame data. Leading economic indicators fell 0.8% vs 0.7%. Lower than expected weekly jobless claims reversed that trend and left us near neutral heading into Thanksgiving. Weekly jobless claims … Continue reading MIG Market Watch, November 27th, 2023
If you’re thinking about buying a home, there are many reasons why you should take the plunge. Homeowners enjoy numerous benefits that positively impact their financial picture and their personal lives. Here are 7 reasons you should say “yes” to pursuing your homeownership dreams. Build Equity As you make monthly payments and as real estate … Continue reading 7 Reasons You Should Say Yes to Homeownership
Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates. There were large swings both ways throughout the week. We started on a negative note Monday and then turned positive Tuesday in response to tame inflation readings. The back-and-forth trading continued the remainder of the week. Consumer prices were unchanged … Continue reading MIG Market Watch, November 20th, 2023
So, you’re moving, huh? While you might be excited about your new place, you’re probably dreading the prospect of moving all your stuff from one place to another. And why wouldn’t you be? Moving is stressful, exhausting and expensive. Relieve some of the financial stress of moving day with these cost-cutting tips. Make a Plan … Continue reading Money-Saving Hacks for Your Big Move
With mortgage rates rising, it’s important for borrowers to know how they can secure the lowest interest rates possible. Why? Because a rate even a fraction of a point lower can save you thousands of dollars over the life of your loan. Here are strategies you can use to secure the lowest interest rates on … Continue reading Use These Strategies To Get the Best Rate on Your Mortgage
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. We started on a negative note Monday and Tuesday, rebounded slightly mid-week, and ended the week negatively. Fed Chair Powell indicated, “We know that ongoing progress toward our 2% goal is not assured. Inflation has given us a few head … Continue reading MIG Market Watch, November 13th, 2023
Don’t we all dream of a big chunk of money landing in our laps? Well, if you’re like millions of taxpayers, you might receive one in the form of a tax refund. Sure, you could go on a shopping spree or take a big vacation. But if you want to spend it in a way … Continue reading Should You Use Your Tax Refund To Pay Down Your Mortgage?
If you have a mortgage, you’ve probably fantasized about the day you get your home paid off. And why not? Taking your mortgage payment off your plate would free up the largest chunk of your monthly budget to be used for anything from vacations to extra retirement savings. It is within your reach to pay … Continue reading 7 Tips for Paying off Your Mortgage Faster
Market Comment Mortgage bond prices finished the week significantly higher which pushed rates lower. We started a little weaker Monday and remained relatively flat Tuesday as the data was solid. FHFA housing rose 0.6% vs 0.5%. Consumer confidence was 102.6 vs 100. Q3 ECI rose 1.1% vs 1.0%. ADP employment came in at 113K vs … Continue reading MIG Market Watch, November 6th, 2023
