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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


CoreLogic Expects 2021 to see First Home Price Decline in 9 Years

Posted To: MND NewsWire

CoreLogic's report on April home prices, the first for that month, says that despite fears that home prices would "bottom out like they did in the Great Recession," they continued to accelerate reaching their highest annual growth since August 2018. The U.S. CoreLogic HPI was up 5.4 percent compared to April 2019, with gains in all states and rose 1.4 percent compared to the previous month. Purchase activity, particularly among millennials, bounced back in April as the economy began to open back up. Gains were also driven by low inventory of homes especially at the entry level. Those plummeted by 25 percent on average nationally. However, the company cautions that the economic effects of the recession will continue to make themselves known over the next 12 to 18 months - and it expects that...(read more)

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MBS Day Ahead: MBS Have Followed Treasuries, But Rates Haven't Followed MBS

Posted To: MBS Commentary

Today is the lightest of the week in terms of scheduled market movers on the econ calendar (there really aren't any to speak of unless you count the New York ISM data and we barely do). In addition, bonds are fairly flat in the bigger picture. Point being: we're waiting on inspiration , and we're not even sure where it will come from. The best guess on the inspiration front is that next Wednesday's Fed announcement will bring some more meaningful trading both before and after, but it's more than a week away. In the meantime, we can watch the same ranges we've been watching. 10yr yields remain squarely range-bound after breaking below the uptrend that had been intact for more than a month. As I said yesterday, we should view that breakout as a vote to remain in the range...(read more)

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