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Are You Eligible for a First-Time Home Buyer Program? First-time home buyer grants and programs are set up to help borrowers get the funding they need to close their loans. But what credit score do you need to qualify for these grants and programs? A licensed mortgage lender can be very helpful in answering your questions as there are specific rules for first-time home buyers depending on the grant or program which varies based on the city, county, or state sponsoring the program. Read More
In December, I got engaged to my boyfriend. After the initial shock and immediate wedding planning excitement, we both quickly realized we wanted to purchase a home that we can move in to after the wedding. Read More
There probably has never been a single more frustrating endeavor than trying to entertain bored children when staying at home. They can easily become cranky or tired and seem to need a constant rotation of activities to stay entertained (and out of your hair). Read More
Are you thinking about buying a home or refinancing your current loan? When you apply for a mortgage, your credit score may be one of the major factors that impacts the interest rate you receive. It’s also one of the most important ways that you can tell your lender that you’re a creditworthy borrower. Read More
Self-employed and looking for a mortgage? A Non-Qualified Mortgage (Non-QM) loan is an option to consider. A Non-QM loan lets the borrower provide alternative proof of income for lenders to consider in lieu of tax returns, W-2s or pay stubs alone. Read More
Are you a military veteran looking to buy a home? With congressional bill, H. R. Read More


Mortgage Rates Not Panicking Yet, But That Could Always Change

Posted To: Mortgage Rate Watch

Mortgage rates are directly tied to the bond market. This isn't too much of a surprise considering pretty much anything with an interest rate can be traced back to the bond market. Mortgages are especially relevant though, considering they comprise a very large dollar amount of the debt that's bought and sold in the market every day. In order to be bought and sold in financial markets, mortgages are grouped together based on shared characteristics, and those groups effectively become bonds . Those bonds then offer an alternative to other bonds like US Treasuries or investment grade corporate bonds. In this arena, US Treasuries are king . They are the first to feel the effects of something that helps or hurts the overall bond market. Many other types of bonds take cues from Treasuries. Mortgage...(read more)

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MBS RECAP: Big Risks Ahead For Rates and Some Solid Opporunities Right Now

Posted To: MBS Commentary

Big Risks Ahead For Rates and Some Solid Opporunities Right Now Treasury yields broke one important ceiling yesterday (.74%) and another today at .79% before finding support at .823%. This leaves them at the highest levels since late March and in danger of moving higher. Mortgage rates have been outperforming, but they're not immune from the risks. Econ Data / Events 11:30-11:50 AM (ET) - Fed 30yr UMBS Buying Jobless Claims 1.877m vs 1.800m f'cast Continued Claims 21.487m vs 20.838m previous Market Movement Recap 08:07 AM Only modestly weaker overnight with no major reaction to the first phase of the European Central Bank announcement. The press conference is yet to come. Treasury yields continue holding under yesterday's highs. MBS are opening roughly unchanged, but haven't...(read more)

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