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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 Market Ridiculously Good or Just Ridiculous?

Posted To: Mortgage Rate Watch

It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of the crisis was a quick move to incredibly low rates. With record after record being set in close succession, the mortgage environment has been ridiculously good for most homeowners. For others, it's just been ridiculous. Record low rates make a lot of sense given the economic outlook. In general, economic weakness coincides with lower rates, and there's been plenty of that to go around. On the other hand , much of the economic weakness is assumed to be temporary . How much is anyone's guess, but until we see where those chips fall, both sides of the market (stocks and bonds)...(read more)

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MBS RECAP: Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary)

Posted To: MBS Commentary

Big Scary Reversal in Bonds (Spoiler Alert: It Wasn't That Scary) Just as bonds were settling into a nice new trend toward lower yields, today comes along with the biggest intraday reversal in weeks. But even if the weakness was twice as big, bonds would still be in a great place and we still wouldn't be seeing a major cause for concern. That will change some day, but it didn't change today. Econ Data / Events 11:30-11:50 AM (ET) - Fed 30yr UMBS Buying Core Annual Wholesale Inflation (PPI) 0.1 vs 0.4 f'cast , 0.3 prev Market Movement Recap 08:16 AM Stocks and bond yields both slumped overnight. Once again, bonds continued to improve even as stocks bounced. 10yr yields down 3+ bps at .582 (range floor), and UMBS 2.0 opening up 3 ticks (.09) at 103-03 (103.09). 12:09 PM MBS remaining...(read more)

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