Posts by PMG

MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 2/15/2019

A quiet Friday before a long holiday weekend, markets poorly attended, any surprise news magnified… National emergency!!! Exactly. The left-wing branch of the Tea Party has run Amazon out of NYC. Take your rotten 25,000 jobs and $2 billion in annual tax revenue and shove it. Oh… that other emergency? Market reactions: the Dow is…

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Things You Can do to Pay off You Mortgage Early

For some, attempting to pay off your mortgage early may seem like a pipe dream. Though like with most things, every effort to make it happen gets you closer to reaching your goal. On our blog today: tips to pay off your mortgage early while reducing costs! Before considering any of the tips below, always…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 1/8/19

Long-term US interest rates continue to slide despite immense Treasury borrowing, unprecedented in a time of strong economic expansion. Mortgage rates are falling toward 4.50%, pulled down by the 10-year T-note at 2.63%, its lowest in a year. “Strong” is right, here. The ISM survey of purchasing managers in January found the service sector (think…

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How to Make Home Ownership Affordable

The prospect of becoming a homeowner may be intimidating financially, Today we’re providing some insight into how to make it more affordable, so read on! We suggest that the first thing you do is to rework your budget. Find out what items are absolute necessities and what things you may be able to cut out.…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 2/1/2019

Big changes, and all good news. So you can stop reading now. The Fed seems to have changed policy, possibly in some long-term ways, and its apparent shift may be real, as opposed to misstatement or fog (see below). Brand-new economic data from January is pink-of-health, no harm from the Shutdown except to the families…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 1/25/19

The Shutdown is crimping the collection and release of US economic data, but the numbers dribbling out show no particular change. Interest rates are steady, maybe going lower as the threats of overheating and inflation fade. The Shutdown may be ending temporarily as this piece goes to press. Given the shortage of US data, and…

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Common Mistakes Made by First-Time Homebuyers

We’re covering some things to avoid if you are a first-time home buyer looking to purchase. The most important thing for you to initially prioritize is your finances. Keep in mind that your mortgage and it’s costs are not the only expenses you should be expecting. There will be other costs associated, such as repairs or maintenance. When it comes to these, there is a 1% rule of thumb that you should typically follow. Read on to learn more!

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Achieving Happiness and Health in Retirement

There may be anxiety associated with retirement planning making sure you’re on the right track. To quell some of those concerns, today we’re we’re discussing some ideas to make sure you have the right foot forward. Read on for more and don’t hesitate to contact a mortgage consultant if you’d like to learn more about…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES

Markets remained calm all week, which would make one week in a row and quite an achievement given the general level of anxiety and efforts by financial media and political figures to drive us all over the edge. The Dow managed a 500-point gain this week, which compared to the volatility in prior months was…

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HELOC’s Explained

What is a HELOC and how exactly is it useful? Today we’re covering the basics of a home equity line of credit, so read on for more details and see if it can work for you. With a HELOC, you borrow against the available equity in your home and the house is used as collateral…

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