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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
If you’re considering getting a new home loan, getting pre-approved should be the first step in your homebuying process. With a mortgage pre-approval, your lender will look at your income, any debt that you may have and check your credit score. Read More
With all sorts of trends, signs, and predictions for what 2020 may hold for the housing market, one thing is for sure: there is no way to absolutely know what’s ahead. Today’s headlines offer a glimpse of what factors might impact the housing market this year. Read More
Due to their extensive size, millennials have turned out to be disrupters in many industries, and real estate is no exception. As millennials reach peak homebuying age, Real Estate Agents have started to pay attention to the way millennials prefer to move through the process. Read More
From the buyer and the seller to the Real Estate Agent and the Loan Officer, closing on a home has different implications for different individuals. However, there are some basic facts about what’s involved during this critical final stage of the homebuying process. Read More


Fannie Mae Upgrades GDP, Many Housing Forecasts

Posted To: MND NewsWire

Fannie Mae says the U.S. economy appears to be sustaining itself despite both the problems faced by Boeing and the fears about the global impact of the coronavirus. The company's Economic and Strategic Research (ESR) group is upgrading its forecast for business fixed investment (BFI) in the second half of 2020 and beyond and have upgraded expectations for the GDP in both 2020 and 2021 by a tenth percent to 2.2 percent and 2.1 percent respectively. The company's economists also expect greater strength in every part of the housing market over the next 18 months. The group did substantially downgrade their annualized GDP forecast for the first quarter of this year from 2.3 percent to 1.9. They state that this does not reflect a change in their view of underlying growth but rather that expected...(read more)

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Mortgage Rates Head Back Toward Long-Term Lows

Posted To: Mortgage Rate Watch

Mortgage rates are starting the new week off on a stronger note after concerns over coronavirus impacts moved markets over the weekend. While coronavirus won't spell the end of humanity, it will undoubtedly have an impact on global commerce. This was reinforced over the weekend as Apple warned that sales would be impacted. That's a fairly high profile endorsement of fears that skeptics had been downplaying for weeks. When investors account for a slower global economy or even something as simple as "uncertainty," we generally see less of a willingness to buy stocks accompanied by increased demand for bonds. As demand for bonds increases, bond prices rise and bond yields fall. Bond yields are tantamount to "interest rates." While the coronavirus epidemic may fall out of the spotlight in the coming...(read more)

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