FinancialWize

Mortgage Rates Continue Healing, But Remain Well Above Recent Lows

Mortgage rates had another solid day today–this time without any of the early drama seen yesterday. If you’re just getting caught up, the bond market (which drives day-to-day interest rate movement) has been selling off aggressively since the Jan 5th Georgia senate election. When bonds sell-off, it means bond PRICES are getting lower and bond YIELDS (aka RATES) are getting higher. The GA election sparked the move because it gave democrats total control of the government, thus making it easier to pass legislation–especially as it concerns some sort of upgrade to the most recent round of covid-relief stimulus. Covid-relief stimulus may do great things for people in the short term and for the economy in the longer term, but it does bad things for interest rates (assuming you like low rates,

MBS RECAP: Much-Anticipated Correction Finally Arrives. Now What?

Posted To: MBS Commentary

Much-Anticipated Correction Finally Arrives. Now What? This morning's alert noted a scary scenario playing out in bonds due to a confluence of big picture negative motivations (power shift in D.C., ruminations about Fed tapering, brighter covid/econ outlook as vaccines roll out, and the general need to correct the extended stay in a record low range). Just as it makes sense for bonds to push back against months of sub-1% yields in the bigger picture, it also made sense that bonds should be pushing back on the shorter term selling spree that accounted for a quick spike of more than 30 basis points in 10yr yields by this morning. As of this afternoon, we finally have the first evidence of such a push-back. It remains to be seen whether it's the start of any additional friendly momentum…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Overcoming Loan Rejections

You were all set to buy that new car or house. You may have even picked out the cherry-red convertible or the Cape Cod with the spacious yard — until your bank stopped you in your tracks.

Your loan has been denied, and now you’re not sure what to do.

It’s a pretty common scenario, and unfortunately, there isn’t always a quick solution.

Alongside rising yields, mortgage rates increase to 2.79%

The average rate for a 30-year fixed mortgage loan rose from its previous record low by 14 basis points this week to 2.79%, according to Freddie Mac.

The post Alongside rising yields, mortgage rates increase to 2.79% appeared first on HousingWire.

Low VA Rates Review: A Mortgage Lender That Is Everything VA

Sometimes mortgage companies come up with unique or clever names, and other times they just name themselves after exactly what the offer, which seems to be the case with “Low VA Rates.” Yes, there’s a mortgage company bearing that name that does quite a lot of business originating VA loans. A couple of similarly-named lenders [&hellip

The post Low VA Rates Review: A Mortgage Lender That Is Everything VA first appeared on The Truth About Mortgage.

Cosigning a Mortgage: 5 Things to Consider Before Signing on the Dotted Line

Want to be 100% responsible for someone else’s obligation? Cosign their mortgage, and you’ll be just as responsible for repaying the loan as they are! That’s true even if you’re cosigning simply to help them qualify for the loan. Before you take the plunge on cosigning for a house, make sure you know exactly what… Read More

The post Cosigning a Mortgage: 5 Things to Consider Before Signing on the Dotted Line appeared first on Credit.com.

How to Buy a House with Student Loan Debt

If you want to buy a house but have student loan debt, you may be wondering if it’s possible. This article will look at how your eligibility for a mortgage loan can be affected by student loan debt and provide tips to help you qualify. Rate Search: Check Today’s Mortgage Rates How Student Loans Affect […]

The post How to Buy a House with Student Loan Debt appeared first on The Lenders Network.