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Market Comment Mortgage bond prices finished the week near unchanged which held rates steady. We started the week on a negative note with higher rates Monday. The Fed continued their massive billion-dollar daily MBS purchases which countered the selling pressure. Rates rebounded Tuesday and Wednesday only to sell off again Friday morning amid some stronger … Continue reading MIG Market Watch, April 26th, 2021
Market Comment Mortgage bond prices finished the week higher which put downward pressure on rates. Rates were flat Monday morning but improved the mornings of Tuesday, Wednesday, Thursday, and Friday. The massive Fed multi-billion-dollar daily MBS purchases continued which drove the downward movements. The data was mixed. Consumer prices rose 0.6% as expected. The core, … Continue reading MIG Market Watch, April 19th, 2021
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. Rates improved slightly Tuesday and Wednesday but saw some heavy selling pressure Friday morning. Most of the data was solid. The stronger than expected payrolls component of the employment report erased the earlier improvements. Unemployment was 6% as expected. However, … Continue reading MIG Market Watch, April 5th, 2021
Lenders look at a variety of factors when deciding if a potential borrower will be able to repay a mortgage loan, such as down payment, credit history, debt load, and income. Your assets are an important part of the equation as well. Acquiring assets shows financial stability and can have a big impact on your … Continue reading The Importance of Documenting Assets When Considering Financial Stability
Market Comment Mortgage bond prices finished the week significantly higher which put downward pressure on rates. Rates improved most days except for Thursday afternoon and Friday morning which saw some heavy selling pressure. The Fed continued their billion-dollar daily MBS purchases which enabled rates to improve overall. The data was mixed. Existing home sales were … Continue reading MIG Market Watch, March 29th, 2021
Some of us may not enjoy math, but there are certain ratios you need to understand when it comes to buying a home. They, in addition to other factors like your credit score and how much of a down payment you have saved, play a big part in whether you can qualify for a mortgage loan. … Continue reading The Importance of a Loan-to-Value Ratio When Determining Affordability
When spring blooms, it seems like a good time to add changes to your life. One that you may be considering is buying a new home. There are tons of good reasons to shop for a house in the spring, from the nice weather to the longer days to the beautiful spring flowers. However, spring … Continue reading 7 Spring Homebuying Tips to Get the House You Want
Market Comment Mortgage bond prices finished the week significantly lower which put upward pressure on rates. Rates worsened most days with some slight respites Wednesday afternoon and Thursday afternoon. The fear of inflation dominated trading. The Fed left rates unchanged and signaled no planned rate changes until well past 2023. Investors fear they are content … Continue reading MIG Market Watch, March 22nd 2021
You might have heard the real estate market is hot and been discouraged by the news. As stressful as buying a home may seem, won’t a hot market make it even more intense? Houses getting offers at lightning speeds may make it more challenging to end up with your dream home, but it’s not impossible. Here … Continue reading How to Buy a Home in a Seller’s Market
While few of us probably think we’re ever going to find a pot of gold at the end of the rainbow, we would all welcome a little luck into our worlds. You don’t need to sit around waiting on a leprechaun or throw salt over your shoulder. You can create your own luck by adding some whimsical, … Continue reading Bring Luck into Your Home for St. Patrick’s Day
Market Comment Mortgage bond prices finished the week a little lower which put upward pressure on rates. Rates improved significantly the first portion of the week as the Fed continued their multi-billion-dollar daily MBS purchases. Unfortunately, weakness Wednesday and Friday erased the improvements and more. The data was mixed. Consumer prices rose 0.4% as expected … Continue reading MIG Market Watch, March 15th 2021
Market Comment Mortgage bond prices finished the week a little better which pushed rates lower. Rates improved significantly the first portion of the week as the Fed continued their multi-billion-dollar daily MBS purchases. Unfortunately, the bounce back was temporary as there was significant weakness Thursday afternoon. The data was mixed. ISM Index was 60.8% vs … Continue reading MIG Market Watch, March 8th 2021
