Government-sponsored enterprise Fannie Mae has added a new timing restriction for cash-out refinances that will become mandatory on April 1 following a similar move by competitor Freddie Mac. Fannie has updated its selling guide to require any first-liens the refi pays off to have a note date at least 12 months earlier than that of … [Read more…]
Bonds Talked Into Modest Gains by Europe US bond traders didn’t necessarily come into work with the intention of adding to yesterday’s rally. It was only after European bonds exploded into stronger territory that US yields grudgingly followed–very grudgingly. In fact, as soon as European trading wrapped up for the day, US yields rose back to meet yesterday’s 3pm closing levels. Several big corporate bonds may have added some pressure. We can also consider that US bonds already had a fairly big rally after the Fed yesterday. But the simplest view would be that it didn’t make sense to get too carried away with the jobs report on deck in the morning. Econ Data / Events Jobless Claims 183 vs 200 f’cast,186k prev Unit Labor Costs, Q4 1.1 vs 1.5 f’cast, 2.0 prev Market Movement Recap 09:05 AM Flat to slightly stronger overnight. Additional gains after ECB announcement. 10yr down 8bps at 3.34%. MBS up 3/8ths of a point 12:51 PM Largely sideways during the domestic session, but off the best levels from earlier this morning. 10yr down 3.8bps at 3.376. MBS up 6 ticks (.19) in 4.5 coupons and 3 ticks (0.09) in 5.0 coupons. 01:51 PM Weakest levels of the day in Treasuries with 10yr up to 3.404 (still down 1.3bps on the day). MBS are also still slightly stronger, but more than a quarter point off the highs. 03:18 PM Not much additional weakness over the past hour. Still slightly stronger on the day but near the weakest levels of the day.
Over the course of the last few months we’ve been talking quite a bit about incentives that the government is giving first time homebuyers in order to prod them into buying a home. First there was a $7500 loan that homebuyers could pay back over time. That wasn’t an amazing deal, since you had to […]
The post Don’t Buy A House Just Because People Say It’s A Good Time To Buy appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
I spend days psyching myself up to make the calls. My targets include the very companies that make dialing the number possible: communications providers. Why am I connecting with these connectors who give us access to wireless phone, email, entertainment and internet? To cut that very expensive cord.
This is no trivial matter. According to a survey by eMarketer, the average U.S. adult is expected to spend 5 hours and 45 minutes each day on devices in 2016, including mobile, laptop, desktop and tablet. Add television on top of that and we sit in front of multiple devices throughout each day. As âThe Internet of Thingsâ matures, the cost of communications will command a bigger portion of our household budgets. On the horizon: advancements in home and health monitoring, wearable tech and mobile-everything.
It also costs a ton. Cable, internet and phone can easily top out at $250/month. Here’s how I tackled the problem:
All across the nation, families are struggling to get ahead. For some, the rising costs of healthcare chip away at their gains. For others, stagnating wages and college bills are a real problem. Then there are those who claim raising kids makes it impossible to grow wealth. No matter where you go, youâll hear stories of hardship […]
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Investing in oil can have a major financial upside, which is why itâs a popular choice for many investors. But, itâs not without its risk, as the process can not only be complex but oil prices are prone to some volatility. If you want to invest in oil, itâs important to do your research and […]
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Bipartisan legislation aims to raise the cap on how much you can invest in Series I bonds.
Sale prices continue to rise as Phoenix remains a red hot market. Check out how the Phoenix-area housing market performed in June.
The post Arizona Housing Market Update June 2021 appeared first on Homie Blog.
Guaranteed Rate’s Lock ‘N’ Sell rate lock and forward commitment programs are intended to address affordability challenges.