After several weeks of extreme volatility in mortgage markets due to concerns about the banking sector, perhaps the most noticeable change this week was the relative calm. While investors remained alert for troubles spreading to additional banks, tensions have eased, and the daily swings in mortgage rates have returned to more normal levels. Just as the increased uncertainty earlier in …
Everything You Need to Know About USDA Loans
As a mortgage company, it’s essential to provide our clients with a wide range of loan options that cater to their specific needs. One type of loan that is often overlooked but can be incredibly beneficial is a USDA loan. In this blog post, we’ll discuss what USDA loans are, their benefits, and why they’re a smart choice for homebuyers. …
Tips for Managing a Rental Property
Investing in rental property can be a wonderful way to generate passive income and build wealth over time. However, managing a rental property can be a challenging task, especially for new landlords. In this blog post, we’ll share some essential tips to help you manage your rental property effectively. In Conclusion, managing a rental property can be challenging, but with …
How to Choose an Investment Property- A Guide for Real Estate Investors
Investing in real estate can be a smart financial move. Not only can it generate passive income, but it can also provide long-term wealth through appreciation. But with so many options available, choosing the right investment property, can be overwhelming. In this blog post, we’ll guide you through the process of selecting an investment property that can help you achieve …
Fed Balancing Act
Concerns about the banking sector in the US and Europe caused investors to continue to shift to relatively safer assets, which again was favorable for mortgage markets. The Fed more or less stuck to the anticipated script at its meeting and the market reaction was minor. As a result, mortgage rates ended the week lower. Due to the recent troubles …
Tips for Making Your Mortgage Payments On Time
It’s important to make your mortgage payments on time to and avoid late fees and penalties, maintaining your credit score, and keeping your home out of foreclosure. 1. Set up automatic payments: most lenders offer the option of setting up automatic payments, which deduct the mortgage payment from your bank account on a specific date each month. This makes sure …
Bank Troubles Lower Mortgage Rates
Troubles in the banking sector in the US and Europe completely overwhelmed the economic reports in driving financial markets last week. Investors shifted to safer assets, and mortgage rates moved lower. The impacts of the largest bank failure in the US since the financial crisis in 2008, as well as serious issues at a second big US bank and a …
Understanding Mortgages: A Guide for Homebuyers
Aspiring homeowners often require mortgages to finance their purchase. A mortgage is essentially a loan from a financial institution, usually a bank or a credit union, that is used to purchase a property. Understanding mortgages is crucial for anyone planning to buy a home. In this article, we’ll cover the basics of mortgages, including the different types of mortgages, how …
Mixed Labor Market Data
Smaller than expected wage increases and a reduced outlook for global economic growth due to troubles in the banking sector were favorable for mortgage markets this week. As a result, mortgage rates moved lower. The latest Employment report contained mixed news. After the economy added a stunning 517,000 jobs in January, the consensus forecast for February was for a more …
9 Tips for Buying and Selling Your Home at the Same Time
Buying and selling a home can be a challenging task, but doing both simultaneously can make the process even more complex. If you are planning to sell your current home and buy a new one, it is important to have a solid plan in place to ensure that the process goes smoothly. Here are nine tips to help you navigate …