Posts by PMG

MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 5/3/2019

With so much going on it’s quite an accomplishment for long-term rates to be unchanged for the fifth week in a row. Maybe an extended April Fool, but the 10-year T-note is stuck on 2.50% and lowest-fee mortgages near 4.50%. This morning’s bulge in April jobs has had no effect, partly because wage growth did…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 4/26/2019

Apologies for interrupting the NFL draft, and the entire Democratic party running for president. But we have unusual news from the financial markets, the economy, and the Fed. Four weeks into April, and the all-important 10-year T-note has traded between 2.47% and 2.59% the entire month. Unusual? Hah. 10s were supposed to continue their upward…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 4/19/2019

A holiday-short week, and little of economic substance. In the few reports released, if anything a little better than thought. The 10-year T-note early in the week was headed up to 2.65%-2.70%, a solid trading range December-February, but stopped short at 2.56%, mortgages near 4.50%. Why the stop-short? In real time the most likely cause…

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Investing In Real Estate

When it comes to investing, real estate has historically been a trustworthy and reliable candidate to put your money towards. Today we’re offering some tips on how to start investing in real estate if it is your first time! First and foremost, don’t feel the need to immediately start big with your investment goals. Buying…

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Understanding HELOC’s

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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Unwritten Etiquette Rules for Home Sellers

When it comes to selling your home, there are some unwritten etiquette rules which you are expected to know and follow. Today’s blog is going to cover those unwritten rules for sellers, so read on for more! You may feel vulnerable when it comes to selling your home as it’s the time you have to…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES -4/5/2019

The credit markets rate-bottomed last week, the 10-year T-note at 2.37%. The long-overdue rebound began but has stopped cold at 2.50%, mortgages in a confusing mass of rate-versus-fee near 4.25% and holding. Nothing to worry about. Nor in the Fed-sensitive 2-year T-note. At its low at 2.20% last week ever so slightly predicting a Fed…

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Mortgage Rates Continue to Fall

Experts and analysts alike are predicting a busier-than-ever spring housing market. The root cause of this? Rates that are continuing to fall, and an economy that is continuing to boost, or at minimum, stay steady. With that being said, we’re offering some advice for those first time homebuyers with not a ton saved up that…

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Methods of Paying off Your 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- 3/29/2019

The single week, March 18th to 25th was weird because long-term rates fell so far so fast, and so quickly after the huge drop November to December. Now it’s weirder because rates have stayed down. No rebound upward, no “retracement.” Market theory says that big moves in either direction should retrace by one-third, and begin…

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