PMI
MBS RECAP: Nice Bounce! Now What?
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Posted To: MBS Commentary

Nice Bounce! Now What? - An early bounce turned into an even bigger, friendlier bounce at the end of the day - Biggest reason for the gains is the losses that preceded them (momentum/technicals/tradeflows) - Still following the 2.5 coupon - Still would like to see better confirmation of a new range with next week's trading (but yes, this is the most promising bounce of this cycle) - RECORD day for positive reprices Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Core PCE Price Index (y/y) 1.5 vs 1.4 f'cast, 1.4 prev Chicago PMI 59.5 vs 61.1 f'cast, 63.8 prev Market Movement Recap 08:39 AM Early supportive bounce in Asia with 10yr yields pushed as low as 1.45%. No major push-back in Europe. Very narrow in recent context. Small, positive reaction to tame inflation data at 8:30...(read more)

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Buying a Home for the First Time? Avoid These Mistakes
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Buying a home, especially if you’re a first-time home buyer, can be daunting and nerve racking. But it does not have to be. LendingTree’s online loan marketplace has got you covered – at least when it comes to getting a mortgage. A 2016 study by the Office of Research of the Bureau of Consumer Financial …

The post Buying a Home for the First Time? Avoid These Mistakes appeared first on GrowthRapidly.

Can you use a 203k loan for an investment property?
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You may be able to use a 203k loan for an investment property. But only in certain circumstances. Learn about 203k loan rules for investors here.
MBS Week Ahead: Battle to Find a Rate Ceiling Continues
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Posted To: MBS Commentary

Bond yields have been surging higher in February with last week bringing the sharpest losses so far. The move has surprised more than a few market participants. To be sure, the pace of selling doesn't seem to fit with the economic reality at first glance. Moreover, the higher yields have gone, the more expectations have increased for a technical correction. In other words, we have to find a ceiling soon, even if it's only temporary. It looked like we found that ceiling in the middle of last week, but Friday saw yields break to new highs. Now as the new week begins, we have more new highs (overnight) and more new hope for a ceiling bounce as bonds are rallying early. On the data front, this week's headliners include Durable Goods, Core PCE, and the 5/7yr Treasury auctions. With the...(read more)

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6 First Time Home Buying Mistakes I Made When I Bought My First House
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Do you want to avoid common home buying mistakes? I bought a house when I was only 20 years old and made a lot of mistakes!
Mistakes I Made When I Bought My First House At The Age of 20
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Are you thinking about buying a house? Do you want to avoid common home buying mistakes? I bought my first house when I was only 20 years old. Even though that was a little over 11 years ago, I have looked back many times and wondered how I did it. I made so many first […]

The post Mistakes I Made When I Bought My First House At The Age of 20 appeared first on Making Sense Of Cents.

Mistakes I Made When I Bought My First House At The Age of 20
By admin | |

Are you thinking about buying a house? Do you want to avoid common home buying mistakes? I bought my first house when I was only 20 years old. Even though that was a little over 11 years ago, I have looked back many times and wondered how I did it. I made so many first […]

The post Mistakes I Made When I Bought My First House At The Age of 20 appeared first on Making Sense Of Cents.

MBS RECAP: Surprisingly Swift Selling in The Bond Market; What’s Next?
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Posted To: MBS Commentary

Surprisingly Swift Selling in The Bond Market; What's Next? This week has been one of the most surprising selling sprees in bonds in the post-covid era. Just when you think we've surely seen enough selling to bring buyers in, it's right back to new long-term high yields and significantly lower MBS prices. That bounce is coming, to be sure, but it's a risky proposition to bet on it. Moreover, when it happens, it changes nothing about the broader trend toward higher yields that's been intact for more than 6 months. This week just happens to offer a more abrupt adjustment to the pace of that trend. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Markit PMI Composite 58.8 vs 58.7 prev Existing Home Sales 6.69m vs 6.61m f'cast, 6.65m prev Market Movement Recap 08:28 AM...(read more)

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Get a no-closing-cost mortgage and a low rate, too
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A no-closing-cost refinance or home purchase saves you money upfront But your rate will be higher. Learn when a no-cost mortgage is a good idea.
Average closing costs in 2021 and how to keep yours low
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Complete guide to mortgage and refinance closing costs, including average closing costs and a full list of what's included in your fees.
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