Black Knight Home Price Data at Odds With Recent FHFA Move

Sneak Peek of Next Week: Jobs, Inflation, and Time to come Fed Rate Hikes

Blog posted On
Dec 06, 2022




Mortgage rates concluded final calendar week brushing some of the lowest levels in ii months. On Wednesday, Fed Chair Jerome Powell hinted that at that place’s a stiff chance next week’s rate hike could be smaller than the previous hikes of 0.75%. Friday’due south jobs reports put a temporary damper on the mood.





Overall, rates finished the calendar week stiff, but the side by side eight days volition be crucial in determining where they get next.






If this all sounds a little bit confusing, don’t worry, we’ll break information technology down beneath.



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Sneak Peek of Next Week: Jobs, Aggrandizement, and Hereafter Fed Rate Hikes

Web log posted On
Dec 06, 2022




Mortgage rates ended last week brushing some of the everyman levels in 2 months. On Midweek, Fed Chair Jerome Powell hinted that there’southward a strong chance next week’due south rate hike could be smaller than the previous hikes of 0.75%. Fri’s jobs reports put a temporary damper on the mood.





Overall, rates finished the calendar week stiff, but the next eight days will exist crucial in determining where they get next.






If this all sounds a fiddling chip disruptive, don’t worry, nosotros’ll pause it downwards below.



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How to Effectively Price Your Home in the Modern Marketplace, According to an Appraiser

Blog posted On
November 29, 2022


Today, the Case-Shiller dwelling house cost alphabetize showed that the prices of homes declined for the third consecutive month in September. Annual toll gains appeared to have peaked roughly vi months ago and have been declining always since. This cooling may come every bit a shock to sellers, who had enjoyed about two years of crimson-hot prices and heaven-high profits. Now every bit the market is shifting, many sellers are swallowing a tough pill – that their home may non sell for the aforementioned price that it could have earlier this year.

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Will Mortgage Rates Go on to Driblet?

Blog posted On
November 15, 2022







Hope is in the air for home buyers. For several months, many buyers have been holding their jiff as mortgage rates accept continued climbing higher. Last week they finally got a breather. Following Th’s release of the consumer price alphabetize, mortgage rates saw their biggest unmarried-day tumble in over a decade. The question at present is whether rates have peaked or if they trend higher again.












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Looking Dorsum: The Current Housing Market is All Too Familiar

Blog posted On
November 08, 2022





This isn’t the first time the housing market has been here. In the late 1970s, inflation climbed to 14% and domicile prices surged fourteen%. It was a seller’s market; buyers were taking what they could go. Somewhen, the Federal Reserve raised interest rates to at-home down the economic system. By 1980, mortgage rates had soared to 15%. Buyer competition cooled, home prices declined, and more than options became available on the market place. What was once a seller’southward market quickly turned in favor of the buyers. Flash forward 42 years, and you’ll observe a market in very similar atmospheric condition.




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CMG Habitation Loans Recognized for Standout Origination Growth in 2022

Blog posted On
November 03, 2022


CMG Dwelling Loans was one of just six top lenders to increase originations in the third quarter of 2022. Within Mortgage Finance recognized the achievement in a recent article titled, “Brusk Takes: An Sectional Lending Gild / Public vs. Individual / BayFirst Exits the Arena / UWM’s Earnings? / Fannie and Freddie?”

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Here’south What to Expect from Tomorrow’s Fed Announcement

Blog posted On
November 01, 2022





How much higher volition rates go? Time will tell, but tomorrow all eyes are on Fed Chair Jerome Powell. Tomorrow is the penultimate Fed interest rate announcement of the year. Economists largely expect some other 0.75% increase. The Fed rate hike probability is almost certain, but what comes later is non.




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Home Sellers Are Cutting Prices at a Record High Charge per unit

Blog posted On
October 25, 2022

Relief is well on its fashion for habitation buyers struggling with rising mortgage rates. Earlier today, the Case- Shiller abode cost index showed that in August, habitation prices cooled at the fastest footstep in history. On top of that, more one in v sellers reduced their sales price in September. Both are strong signs of a shift in the market – a shift in favor of buyers.

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Information Doesn’t Prevarication: October is the All-time Month to Buy a Abode, Even This Year

Blog posted On
October 11, 2022

Temperatures are dropping, leaves are falling, and the housing market is cooling off. Commonly a cooled marketplace suggests it’s a less-than-ideal time to buy a home, but this twelvemonth it might simply be your window of opportunity.

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Dwelling Prices Cooled at Fastest Pace Always, Offering Promise for Buyers

Blog posted On
October 04, 2022

Rent prices took a dip in August but the long-term forecast looks grim for most tenants. According to Realtor.com’s chief economist, Danielle Unhurt, rent prices are expected to rise at an to a higher place-average rate through the spring of 2023. Dwelling prices, withal, are quickly cooling. Could at present exist your fourth dimension to make the switch from renting to ownership?

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The Best Week to Buy a House is Here

Blog posted On
September 27, 2022

Have you been waiting for the perfect time to purchase a habitation? The wait is up! A recent written report by Realtor.com found that the week of September 25 to October 1 is the best week of the twelvemonth to purchase a home – based on ideal market conditions like lower prices, more than options and reduced competition.

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It’s Still a Good Time to Buy; Here’s Why

Blog posted On
September 20, 2022

Since the beginning of the year, countless articles accept claimed that it’s the worst time to buy a home. Their reasoning? Rising rates. “From an affordability perspective, this might be the worst fourth dimension yous could buy because mortgage rates have spiked quite a scrap,” said Chistopher Mayer, co-manager of the Paul Milstein Eye for Real Estate and professor at Columbia University. This is the narrative dominating the industry right now. But rising rates are just the tip of the housing market iceberg. Below the surface, there are several encouraging signs for hopeful buyers.

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Whether You’re Headed Dorsum to The Office or Working Remote, Here’due south How Nosotros Can Help

Web log posted On
September 13, 2022

Labor Mean solar day has e’er been an unofficial finish to summer. Pools have shut down, kids have headed dorsum to the classroom, and larger companies now want their employees back in the function. Subsequently over two years of working remotely, many don’t share their employer’s desire. So what are your options?

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Don’t Employ Your 401(chiliad) to Pay Off Debt — Do These 7 Things Instead

Blog posted On
September 06, 2022

It may be tempting to tap into your 401(thou) to pay off higher interest debt like credit cards, auto loans, and educatee loans. Just homeowners accept a better choice. Refinancing your mortgage can be a great opportunity to reset your finances without sacrificing your retirement savings.

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Is Now a Proficient Fourth dimension to Refinance?

Weblog posted On
Baronial 23, 2022


For the by several months, headlines accept said the refinance boom is over. Interest rates have been steadily rising since the commencement of the year. While many homeowners might think they missed their gamble, almost i million owners can still save over $3,500 per year by refinancing.

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How an Economic Slowdown Tin can Benefit Buyers (and How to Prepare Financially)

Blog posted On
August 16, 2022


Many experts are predicting an upcoming economic slowdown. During times like these, people have historically tended to take a step back from the abode buying process. Merely in today’s market, it could benefit certain home buyers to stay the course.

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Bidding Wars Are at a Two-Yr Low; Should You Buy Now?

Blog posted On
August 09, 2022


If you’ve been waiting for the market to cool, now might exist your hazard. The red-hot housing market is cooling off, just in fourth dimension for Fall. Buyers have more options, more than likelihood of price cuts, and less likelihood of bidding wars.

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Dwelling house Prices Cooled at Fastest Recorded Footstep in June

Blog posted On
August 02, 2022


Blackness Knight analytics is bringing skillful news to dwelling house buyers. Abode price gains are officially slowing downwards, according to the data house.

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four Ways to Avoid Overpaying in the Electric current Housing Market

Weblog posted On
July 26, 2022


Making offers college than the request toll was routine during the pandemic. Because the market place was then competitive, most people who wanted to ‘win the home’ would end up paying much more than than the list toll. But every bit home buyer need cools and home inventory climbs, overbidding volition become much less common. If y’all’re looking to buy at present, remember this isn’t the housing market from two years ago. You might not demand offer more than the asking price, and here are four tips that can assistance y’all avoid information technology.

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4 Things to Know Near the Current Housing Market

Web log posted On
July 19, 2022


2022 has been a whirlwind for the housing market. Mortgage rates have been steadily climbing since the beginning of the year, inflation has hit a 40-year high, and home prices are soaring. Simply it’southward not all bad news. In fact, several marketplace conditions are beginning to shift in favor of habitation buyers.


Danielle Hale, chief economist at Realtor.com, shed some lite with iv things buyers should know about the electric current housing market.

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Experts Say That Dwelling Buyers Are Gaining More than Power

Blog posted On
July 12, 2022


Over the past several months, home buyers have faced increasingly high prices and apace rising mortgage rates. Affordability has become a large claiming, and low home inventory has left buyers few options to cull from. But signs of a tipping point may exist hither.

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Debunking Mortgage Myths in the Mod Marketplace

Web log posted On
July 05, 2022


It’s no longer 2020. Mortgage rates are no longer most record lows and home prices are even so loftier. But that doesn’t mean you lot shouldn’t invest in a abode. In fact, in that location are several encouraging signs in the modern market. Unfortunately, there are also several myths. Here are five mod mortgage myths, debunked.

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Breaking Down the Last Week for Rates: Why the Fed Hike is a Proficient Thing

Blog posted On
June 21, 2022


Last calendar week the Federal Open Market Committee (FOMC) voted to brand the largest benchmark involvement rate hike in almost thirty years. The media has largely portrayed criterion rate hikes equally a bad matter for consumers. Concluding week proved the reverse – offering hope to abode buyers, homeowners, and consumers alike.

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Home Equity is at an All-Time High; Should You Get a HELOC?

Web log posted On
June 14, 2022


Many mortgage holders are sitting on a gold mine, co-ordinate to data released last calendar week by Black Knight. Tappable home disinterestedness – the amount of equity owners can borrow while leaving at least twenty% in their abode – soared to some other record high in the first quarter (Q1) of 2022. With this growth, homeowners take even more than financial power, security, and freedom. Common uses for tappable equity include home improvements, debt consolidation, unexpected expenses, and more than. However, to admission this equity, homeowners would need something like a cash-out refinance, home disinterestedness loan, or Habitation Equity Line of Credit (HELOC).

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Renovation Loans Are on the Ascent

Blog posted On
June 07, 2022


Mortgage rates have been sharply trending upward in recent months, causing many potential buyers to pick upward their home hunting pace. Locking a mortgage charge per unit now could prevent yous from paying for a higher rate later on, should they continue trending upwards. Withal, home inventory is still very low – leaving buyers few options on the market place. The newer, more than updated homes are selling speedily, and for a steep cost. But that doesn’t hateful that all hope is lost. One financing selection that’south saving the day for many is Renovation Loans.

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Adjustable-Rate Mortgages Are on the Rise: Are They the Right Movement for You?

Blog posted On
May 31, 2022


Rising mortgage rates are pushing more home buyers toward adjustable-rate mortgages (ARMs). By March 2022, the ARM share dollar book for conventional single-family mortgage originations was three times higher than its level in January 2021. Typically, ARMs showtime at lower mortgage rates than stock-still-charge per unit mortgages. This makes them an appealing selection for many home buyers when mortgage rates and home prices are higher.

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Mortgage Rates Are Ascent Fast; Here’s How to Get the Lowest One Possible

Blog posted On
May 24, 2022


Since the beginning of 2022, mortgage rates take been trending college at a shockingly fast pace. According to data from Freddie Mac, the average 30-twelvemonth fixed mortgage rate was trending around iii.11% at the cease of 2021. At present, information technology’southward trending over two percentage points higher. Historically, this is one of the sharpest upward rate trends in twoscore years. And many experts predict that rates will keep to rise. If you’re because buying, don’t fret. Here are five tips that tin assist y’all secure the lowest mortgage rate possible.

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Why Now is Actually a Good Time to Purchase a Home

Blog posted On
May 17, 2022


Nearly 75% of consumers told Fannie Mae that they think information technology’s a bad fourth dimension to buy a home. Historically low housing inventory, record high dwelling house prices, and sharply ascent mortgage rates are the main headlines driving the sentiment. Only the current headlines don’t always paint the full picture. Hither’s why you should consider buying at present vs. later.

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Asian American Home Buying Accelerates Post-Pandemic

Blog posted On
May x, 2022






May marks the starting time of Asian American and Pacific Islander Heritage Calendar month. In honor of the month, Realtor.com studied the trends in Asian American homeownership from March 2019 to December 2021. What the written report constitute was that Asian American home buyers are the group that had the largest increase in the rate of homeownership in recent years.





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A More Normalized Housing Market is Coming Shortly

Web log posted On
May 03, 2022


Terminal week, the housing market gained valuable insight from two central economic reports. The Case-Shiller home toll index, released last Tuesday, showed that home prices are affectionate at a faster pace. The pending home sales index, released final Midweek, revealed that habitation auction contract signings decreased over again. While that may be the basic summary of both indexes, it’s not the full story.

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Why HousingWire Lead Analyst is “Team College Mortgage Rates”

Web log posted On
April 26, 2022




At that place’s no avoiding the contempo headlines most rising mortgage rates. Only put, mortgage rates have jumped significantly since the first of 2022. How significantly varies per lender, but in general, mortgage rates have been trending virtually two percentage points higher than Dec 2021. This has caused undoubtable dissonance from the housing market and likely business concern from many hopeful homeowners. Merely housing experts similar HousingWire’southward


Pb Analyst Logan Mohtashami
see ascension rates as a do good for the housing market place.



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More Abode Buyers Blitz to Lock in Rates

Web log posted On
April nineteen, 2022


Mortgage rates have been climbing at the fastest step since 1994. Last week, the boilerplate xxx-yr stock-still-rate striking levels non seen since 2009. Higher mortgage rates typically lead to fewer mortgage applications and originations. Last month proved the reverse. Despite rapidly rising rates, mortgage origination activity increased in March. Simply why? Could a mortgage rate lock be right for you lot?

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Skillful News for Buyers equally More Listings and Lower Prices Join the Market

Blog posted On
Apr 12, 2022


Mortgage rates have been trending higher, housing supply has been painfully low, and habitation prices accept been soaring to new heights. Piffling good news has spawned from the housing market in contempo months. But recent reports are offering hope for many discouraged domicile buyers. According to Realtor.com and Redfin, more listings are coming up in the market place and more than home sellers are lowering their asking prices.

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Why the Recent Jobs Study is a Proficient Sign for Housing

Blog posted On
April 05, 2022


Last week the U.Due south. Department of Labor released its jobs written report for the calendar month of March. Initially, some of the numbers in the report appear to fall below many economists’ expectations. However, at a closer look it shows several encouraging signs for the housing market.

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Dwelling house Prices Are Rise: Should Y’all Increment Your Budget?

Blog posted On
March 29, 2022


In Feb, the median sales price for an existing dwelling house was $357,300 – a fifteen% increase from February 2021. The rising in home prices combined with higher mortgage rates, limited dwelling house inventory, and steep habitation heir-apparent competition are stretching many buyers beyond their budgets’ limits. To stand out in a competitive market, many will make an offer well above the sales price. But how loftier is too loftier when it comes to an offering? Here are some factors to consider when making an offering in the current market.

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More than Fed Rate Hikes Are Coming, and It Could Be a Good Matter

Blog posted On
March 22, 2022


Final week, the Federal Open Market Commission (FOMC) voted to hike the benchmark interest rate for the start time since 2018. The hike comes afterward nearly two years of the benchmark rate sitting well-nigh cypher. It was a hike of 25 basis points, or 0.25%, which brought the criterion rate to a range of 0.25% to 0.l%. The increase was as expected, but other details of the Commission’s meeting were non – specifically, the number of projected rate hikes for the residual of 2022. While the federal funds rate doesn’t directly dictate mortgage rates, the outlook for future hikes tin affect their trends.

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Homeownership Remains a Cardinal Cistron in Building Long-Term Wealth

Blog posted On
March 15, 2022


A recent study by the National Association of REALTORS® (NAR) showed that homeowners have accumulated well-nigh $150,000 in housing wealth over the past 5 years. Every bit home prices proceed to rising, homeowners keep to benefit from rising equity.

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Ukraine, Fed Rate Hikes, and Aggrandizement: What’s Moving Mortgage Rates and Why

Blog posted On
March 08, 2022


Terminal calendar week was a whirlwind for mortgage rates. On Monday and Tuesday, the average mortgage rate dropped more than almost any other 48-hour menses in the past ten+ years. Then, on Wednesday, they shot correct back up. Unlike factors are influencing rates drastically right now, pushing and pulling them in all different directions. However, they will probable brainstorm to level out in the long run, falling into a more than consistent and anticipated trend.

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What Experts Are Proverb About Geopolitical Effects on Rates

Blog posted On
March 01, 2022


Last week, the markets reacted to the news abroad. Treasury yields cruel and mortgage-backed securities climbed, both signs of decreasing mortgage rates. When geopolitical crises arise, people tend to invest in safer options rather than stocks and caput toward bonds instead. Yet, the effect on rates doesn’t end there. Depending on how the crisis evolves, it could also bear on the already-high levels of inflation. Higher levels of inflation put the Federal Reserve in a hard spot in terms of rate hikes. So it’s a fine residue between the pressures pushing rates higher and lower. Here’s what the experts are maxim.

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What’s Driving Mortgage Rates and Why Do They Demand to Rise?

Blog posted On
February 22, 2022


Mortgage rates have been consistently trending higher since the start of 2022. Recently, they reached levels not seen since earlier the pandemic. Many factors have contributed to the rise, and the effect has been a busy market. Homeowners are considering refinances, home buyers are pushing home inventory levels to an all-time low, and dwelling house builders are feeling decreasingly confident in the market place outlook. But some housing experts fence that increasing mortgage rates aren’t actually a bad matter. In fact, they could actually help the market get to a healthier place.

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What Experts Are Saying About Rising Inflation

Blog posted On
February xv, 2022


Terminal week, the consumer price index showed that inflation has surged to a 40-year high. Up seven.5% year-over-twelvemonth in Jan, the alphabetize rose much higher than economists had expected. Accept nosotros seen the worst of it? What’s next for the Federal Reserve? What does this mean for you lot? Here’s what marketplace experts have to say.

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Housing Wealth is Breaking Records for Owners and Sellers

Blog posted On
February 08, 2022


The by two years accept been kind to homeowners and sellers. Soaring domicile prices and booming home buyer demand have brought earnings to record-breaking heights. And while this twelvemonth’s housing market place might start to cool down, homeowners and sellers are even so cashing in earnings.

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Fed Rate Hikes Are Coming: What This Ways and How to Prepare

Weblog posted On
February 01, 2022



For the past two years, abode buyers and owners have been reaping the rewards of record-depression mortgage rates. In March 2020, the Federal Reserve made an emergency interest charge per unit cut, lowering the criterion rate to well-nigh nada. Equally a event, mortgage rates dropped to historically low levels. By locking in mortgage rates while they are low, buyers and owners are drastically reducing their monthly payments saving thousands over the life of their loan. But concluding week, the Fed hinted that this is all nearly to change.


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Purchase Activity Spikes as Home Buyers Rush to Lock in Rates

Weblog posted On
January 25, 2022


Leap might exist starting early for this year’s housing marketplace. Two weeks ago, mortgage application submissions for home purchases surged viii% – the largest weekly bound since September. As mortgage rates reach pandemic-highs, home buyers are eager to become a move on their purchases.

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Homeownership Remains More Affordable than Renting

Web log posted On
January 11, 2022


Both home prices and rent costs have been rising substantially over the past ii years. Co-ordinate to the most recent 20-city Instance-Shiller home toll index, home prices are upwards 18.iv% year-over-year. Single-family rent prices are up 10.9% year-over-year. Though it initially appears that homes are more expensive than hire, it’s of import to remember that these are only the
paces
at which prices are increasing – not the actual costs themselves. In fact, a recent study by ATTOM Data Solutions showed that owning a dwelling is all the same more affordable than paying hire.

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Habitation Inventory Set to Increase This Wintertime: Here’s How to Set

Blog posted On
January 04, 2022


Though the Winter season is typically cooler for the housing market, it looks similar it’s about to heat up. According to a recent Realtor.com report, almost l% of habitation sellers programme to sell in the next two months. Sixty-five percent of sellers plan to sell before Apr 2022. For home buyers, this could be a welcome relief from steep competition and high prices.

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Fed Changes its Stance on Inflation – Here’southward How to Navigate Rising Prices

Blog posted On
December 28, 2021


Aggrandizement has been soaring at increasing paces. Prices according to the consumer price index hit almost twoscore-twelvemonth highs when it came out earlier this calendar month. Two weeks ago, the Federal Reserve redefined their assessment of the current inflation levels and are no longer using the word ‘temporary’ to describe them. When inflation is high, it can put a strain on your wallet. To assist you weather the aggrandizement storm, here is what financial planners are proverb you should practise with your money.

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Fed Speeds Up Tapering – How it Affects You and What You Should Practise Next

Web log posted On
Dec 21, 2021


Final week, the Federal Reserve announced that it would be doubling down on its nugget tapering process. Previously, information technology was reducing its bail purchases by $15 billion a month, setting its projected completion appointment for June 2022. In light of recent aggrandizement spikes, the Fed decided to speed upwardly its tapering process and remove $30 billion in bond purchases per calendar month. The new plan now puts the Fed’s projected completion date for tapering in March. What does this hateful for you?

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Home Equity Surges to Tape High – Here’s How to Put it to Adept Use

Blog posted On
December 14, 2021


Habitation price appreciation may be slowing down, but tappable home equity is still reaching new heights. According to the most recent Mortgage Monitor Study by Black Knight, Americans at present take $9.4 trillion in tappable home disinterestedness. As a result, more homeowners are exchanging their equity for cash.

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3 Predictions for the Housing Market in 2022

Blog posted On
December 07, 2021


Afterward a frenetic yr of rock lesser mortgage rates, steep buyer competition, and higher home prices, prospective buyers are wondering what they can look for the housing marketplace in 2022.  Here’south what to look from the housing market every bit nosotros conductor in a new year’s day.

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Rental Rates Ascension at Record Pace – Is At present the Time to Buy?

Blog posted On
November 30, 2021


A recent report from CoreLogic showed in September, rents for single-family homes increased 10.2% year-over-year nationwide, up from a 2.6% annual increase in September 2020. The economic rebound powered by stiff job growth, plus a tape low level of single-family rental vacancies, will likely continue to push rental rates up.  Home prices are rising likewise simply choosing to buy now rather than continuing to rent gives you the opportunity to lock in a record-low mortgage rate, build valuable dwelling disinterestedness, and escape the volatile rental market.

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What the Experts Are Saying Well-nigh the Electric current Housing Market

Blog posted On
November 23, 2021


To buy or not to buy? Many hopeful homeowners are wondering. While some signs in the housing market might button y’all toward, “it’due south the perfect time to buy,” others might make yous feel, “possibly I should wait.” Dwelling prices are rising, just mortgage rates are trending at more often than not low levels. So, what do you practice? Some people decide to trust their gut, but we decided to trust the experts. Doug Duncan, Fannie Mae’southward senior vice president and main economist, weighed in on the market and whether it’s the right time to buy.

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More than Americans Are Taking Reward of Their Domicile Equity

Blog posted On
Nov sixteen, 2021


Every bit holding values keep to ascent, homeowners continue to proceeds more equity. Co-ordinate to Federal Reserve data, U.S. dwelling disinterestedness reached a record high of $23.six trillion in the second quarter of 2021. That’s nearly double the corporeality of dwelling equity from the 2006 housing boom.


But what does this really mean for homeowners?

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Home Sales Profits Accomplish Another Tape High

Blog posted On
November 09, 2021


Last week, property database ATTOM released its U.S. Home Sales Report for Q3 of 2021. The results of the study revealed that median-priced single-family homes had the highest turn a profit margin in 10 years. Information technology as well showed that returns on sales rose at the fastest quarterly step in seven years and fastest annual pace in over a decade.

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Housing Starts Data Shows Positive Signs for the Marketplace

Blog posted On
October 26, 2021


Final week, the U.S. Demography Agency reported that housing starts and building permits saw corresponding declines of ane.6% and 7.7% in September. Typically, this data would have negative connotations for buyers and builders akin. A slowdown in housing starts can suggest a slowdown in construction – which is the concluding thing the real estate industry would need right at present. Abode prices are already soaring, and if housing construction slows, this could put even more upwardly pressure on prices. Luckily, the calendar month-over-month construction information is simply telling a pocket-size part of the overall story. The long-term information shows a much more than positive trend.

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Breaking Down the Fed’southward Minutes: What’s Next and What Does it Mean for You?

Web log posted On
October 19, 2021


Last Wednesday, the Federal Open Market Committee (FOMC) released its minutes from the September meeting. Not surprisingly, the minutes showed a collective stance from Committee members that tapering asset purchases would be appropriate given the economy’southward progress. Somewhat surprisingly, the Fed changed its take on inflation and at present believes it could remain elevated throughout next year. It previously thought that inflation was temporary. Almost all Fed members saw substantial progress toward maximum employment. Both inflation and maximum employment were two benchmarks that the Fed was using to determine when a taper would exist appropriate. Many members idea that tapering could brainstorm equally soon as next month. Simply what does this actually hateful for yous and how does it touch mortgage rates?

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What to Exercise Before the Next Federal Reserve Meeting

Web log posted On
October 12, 2021


The adjacent Federal Open Market place Commission (FOMC) meeting will take place on Nov. ii-3, 2021. And this 1 could be big. FOMC meetings were relatively mundane for almost a twelvemonth and a half. The benchmark interest rate remained near zero, asset purchases stayed strong, and the Federal Reserve was “committed to using [its] total range of tools to support the economic system,” said Federal Reserve Chairman Jerome Powell. At present, the economy is in a much better identify, and many economists believe that the Federal Reserve is about to milk shake things upwardly.

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CMG Financial Increases Befitting Loan Limits

Web log posted On
October 12, 2021


As home values continue to rising, CMG Financial is making it easier for you to purchase the dwelling house of your dreams. Equally of 10/12/21, we have increased our conforming loan limits to make buying a home more than accessible to more than home buyers.

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3 Reasons Why Now is the Best Time to Buy a Habitation

Blog posted On
Oct 05, 2021


The best week to buy a home is here. According to Realtor.com’due south Best Time to Buy Report, the week of October. 3 – Oct. ix is the most optimal fourth dimension of yr to buy. The report analyzed data from the Tiptop 50 Largest Metro Areas across the country and determined the all-time week to purchase a habitation for each. Though some areas hit their pinnacle in the beginning of the yr, most of the markets will hitting their “home buying sugariness spot” between Sept. 12 and October. 17. This fourth dimension was ranked the best because y’all’ll likely run into more homes on the market, less competition, and lower sales prices.

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Despite High Dwelling house Prices, Buyers are Still in a Good Financial Position

Web log posted On
September 28, 2021


Habitation prices have been skyrocketing over the past year. In July, the Case-Shiller home price index reported a 19.7% annual gain – shattering its previous record. In August, the median existing home sales cost was upwardly xv% annually. Still, home buyers have not been deterred. Home buyer demand, although non as hot as it was peak pandemic, is still soaring. Despite record-high prices, home buyers aren’t paying for more home than they tin can handle.

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Home Prices and Home Buyer Contest are Cooling Off

Blog posted On
September 21, 2021


If you’ve been sitting on the abode ownership sidelines, now might be your chance to leap in. According to existent manor brokerage Redfin, both median home prices and awaiting dwelling sales were down in early September – signaling a potential opportunity for some buyers to save coin and nevertheless make the winning offering.

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Tappable Home Equity Reaches All-Time High: Here’s How to Have Advantage

Blog posted On
September 14, 2021


Concluding calendar week the Data & Analytics segmentation of Blackness Knight released its latest Mortgage Monitor Written report – revealing a record-breaking amount of tappable home equity. Tappable habitation equity is the corporeality of money that homeowners can cash-out while keeping their remaining equity at or to a higher place 20%. Co-ordinate to the data analytics visitor, homeowners accept an astounding $9.1 trillion in tappable home equity. What does this mean for you?

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Housing Market Heat to Continue this Fall

Blog posted On
Baronial 31, 2021


In a normal housing market, habitation sales would brainstorm to slow down around the beginning of Autumn. Withal, the earth has been far from normal over the past 18 months. When the pandemic began, many experts believed that the housing market would endure. But it turned out to be an economic life raft for the U.Southward. – thriving with eager buyers and owners looking to take advantage of record-depression rates. Since and then, home sales have been consistently soaring despite seasonal changes. Almost 2 years later, many people are wondering,
when volition it terminate?

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Mortgage Trends That Will Define Housing During the Terminate of 2021

Blog posted On
August 24, 2021


Throughout existent manor history, mortgage trends have commonly corresponded with the overall trends in the housing market. If mortgage rates are improving, then it’s likely that the real estate industry is doing the same. For the remainder of 2021, at that place are three central trends that will have an impact on the industry – inventory issues, fluctuating interest rates, and increased technological advances.

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Fannie Mae Eases Underwriting Adding

Blog posted On
August 17, 2021


On Midweek, August 11thursday, the Federal Housing Finance Agency (FHFA) announced that positive rental payment history will exist accounted for during Fannie Mae’s underwriting process. Not simply will on-time rental payments help potential homeowners simply missed rental payments will no longer prevent them from getting a mortgage. The change is effective immediately and should help current renters take greater admission to homeownership.

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Out-of-Town Buyers are Headed Back to the Cities

Weblog posted On
August ten, 2021


After a year-long drought, dwelling house buyers are flooding big cities once once again. When COVID-19 sent the nation into lockdown last year, many buyers fled crowded urban areas in search of larger homes, bigger yards, and more than space. Now, with increasing vaccination rates and reopening offices, people are returning to metropolitan hubs – and bringing steep home offers with them. Many out-of-town buyers are offering much more than the asking price on homes, which is putting pressure on local buyers.

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Bachelor Housing Inventory Starts to Increase

Blog posted On
August 03, 2021


Last week, the Commerce Section released their report on new home sales in June. Though the level of completed new homes sales was lower than expected, the level of new homes on the market increased to a pandemic high. Earlier this month, the National Association of REALTORS®
(NAR) revealed that the level of existing home sales increased in June after four straight months of declines. The cause? More bachelor homes for sale. With continued inventory gains, home buyers could be seeing less competition and lower dwelling house prices over the next several months.

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How Biden’s Neighborhood Homes Proposal Could Help Real Estate Investors

Weblog posted On
July 27, 2021


At the cease of May, HUD Secretary Marcia Fudge introduced details of President Biden’due south $two.iii trillion infrastructure proposal dubbed the “American Jobs Programme.” A large role of this programme is the proposed $318 billion dedicated to housing investments. Additionally, the Biden Assistants proposed a new federal tax credit, the Neighborhood Homes Taxation Credit, designed to encourage construction and rehabilitation of homes in underserved communities. The chief goal of this act would likely to increase homeownership opportunities for low- and moderate-income buyers in underserved communities. Nevertheless, there would too exist another large incentive be for inventors.

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Sales of Vacation Homes Soar

Weblog posted On
July 20, 2021


After spending 15 months within, people are itching to get out. They’re also itching to spend some of the money they’ve been saving for the by year. Consequently, the sale of vacation homes has seen a noticeable increase during the showtime four months of 2021.

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What the Fed is Maxim Most Surging Home Prices

Blog posted On
July xiii, 2021


Last week, the Federal Open Marketplace Committee (FOMC) released their June meeting minutes. While the large focus of the meeting was inflation, nugget purchases, and interest rates, the Committee also had its middle on the climbing domicile prices. Over the past year, dwelling house prices have seen their highest appreciation in over 30 years – up about 15% in Apr. Domicile heir-apparent need has been soaring while inventory has remained almost record lows – causing a steep increment in prices. Meanwhile, the Fed hasn’t budged.

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Good News Alee for Buyers After a Surge in New Listings

Web log posted On
July 06, 2021


Over the past year, home inventory has dropped to record low levels. Historically depression mortgage rates take driven eager home buyers into the market, just with hesitant dwelling sellers and overpriced home building materials, the supply of homes has not risen alongside heir-apparent demand. Consequently, buyers have faced increased purchasing competition, higher sales prices, and fewer options to choose from. Even so, more than supply is on the horizon.

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What Lies Ahead for the FHFA?

Blog posted On
June 29, 2021


Last week was a decorated week for the Federal Housing Finance Agency (FHFA). On Wed, the Supreme Court decided that the structure of the Agency was unconstitutional. Past Th morning, Biden had appointed a new director. Sandra Thompson, FHFA’s deputy director of the division of housing mission and goals, will replace Mark Calabria as manager of the FHFA. And so, what exactly happened and what’s coming next?

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What is Inflation, How Does it Impact Involvement Rates, and Why Does it Thing?

Blog posted On
June 15, 2021


Over the next two days, the Federal Open Market Committee (FOMC) will hold their quaternary meeting of the year to hash out involvement rates and their Summary of Economic Projections. The central banking company has kept the benchmark interest rate near zilch since they made an emergency charge per unit cutting last March. But with the economy continuing to gain strength, many experts are wondering when the Fed will begin tapering asset purchases and raising rates again.

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Fannie Mae RefiNow Bachelor Tomorrow

Blog posted On
June 04, 2021



Fannie Mae has launched RefiNow, a new refinance program designed for eligible homeowners who take not withal taken advantage of tape-depression mortgage rates. Fannie Mae RefiNow guarantees homeowners will become an average involvement rate reduction 0.25%* lower than their qualifying market mortgage rate. As an added bonus, CMG Financial volition give homeowners a $500 appraisal credit.

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Is the Housing Market Headed Toward a Crash?

Blog posted On
June 01, 2021


It’due south no underground that the housing marketplace is still carmine hot. Supply is low, need is high, and home values are soaring to some of their highest levels since 1999. The market has been getting hotter and hotter over the by twelvemonth, leaving many people wondering, “are we headed to a crash?”

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Biden’s Touch on on Housing in His First 100 Days

Blog posted On
May 11, 2021


It’s hard to believe that we’re already 100 days into President Biden’south term. A couple of weeks ago, he gave his offset accost to Congress with updates on his progress so far and plans to come. Here are some of the ways he has impacted the housing manufacture over the past 100 days.

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Congress Introduces Starting time-Time Homebuyer Act

Blog posted On
May 04, 2021


Last week we looked at President Biden’south Downpayment Toward Equity Act of 2021. Initially, it seemed similar it was an updated version of his proposed tax credit. Yet, terminal Tuesday, two U.S. Representatives introduced another bill called the First-Time Homebuyer Act, which would more than closely resemble Biden’s original tax credit plan.

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3 Major Updates to Biden’s Home Buyer Aid Bill

Blog posted On
April 27, 2021


Earlier this twelvemonth, nosotros took A Deeper Wait at President Biden’s Proposed Tax Credit. Initially, the revenue enhancement credit was designed to “assist families purchase their kickoff homes and build wealth by creating a new refundable, advanceable tax credit of up to $15,000.” However, on Apr 14th, lawmakers published a new draft of the Downpayment Toward Disinterestedness Act of 2021 that had a few key differences from its original concept.

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four Means the Housing Marketplace Could Change Later the Pandemic

Web log posted On
April twenty, 2021


The housing market saw notable shifts when coronavirus initially broke out last year. Mortgage rates dropped, domicile prices surged, and an increasing number of buyers fled the cities into suburban areas. Now, as the economy is gaining strength, nosotros will likely see the housing market shift once more – specifically in these iv means.

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New Habitation Buyers are Taking Charge of the Current Market

Web log posted On
April 13, 2021


Last yr, the number of kickoff-fourth dimension home buyers hit its lowest level in over 30 years. The coronavirus pandemic likely played a large role in the reject, but exterior of that, the market had other challenges for get-go-time buyers equally well. Low inventory, high demand, and rising mortgage rates are all making it harder for new buyers to suspension into the homeowner’due south social club. Consequently, start-time buyers are having to pave more than creative paths to homeownership – paths that may differ from their parents and grandparents.

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HUD Holds FHA Premiums Steady, Dwelling house Buyers Still Win

Blog posted On
April 06, 2021

Concluding week, U.Southward. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge announced that there would be no cuts to FHA mortgage insurance premiums (MIPs). Almost of the housing industry had hoped for a 0.25% reduction, but for now the criterion annual MIP rate will remain at 0.85%.

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More First-Fourth dimension Dwelling house Buyers Cull Conventional Over FHA Loans

Weblog posted On
March 30, 2021

The FHA Loan has been a cost-constructive staple for first-time domicile buyers since its creation in the 1930s. With low down payments and lenient credit requirements, the FHA Loan has helped millions of home buyers over the years. Nevertheless, recent information by the National Association of REALTORS® (NAR) has shown a sharp decrease in the number of buyers who are financing their first homes with the FHA Loan. Over the past 1-2 years, more first-fourth dimension buyers have been choosing the conventional financing route – but why? When might a conventional loan be a better choice for kickoff-fourth dimension buyers?

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How Housing Has Changed in a Yr & Where it’s Headed Next

Blog posted On
March 23, 2021


Unexpected is an understatement when describing this past yr. A global pandemic, a struggling economy, and then much more led to a 2020 that nosotros won’t be forgetting anytime soon. And in the midst of it all, the housing market took a turn that hardly anyone expected – breaking records, surging need, and a much-needed paw that helped go on the economic system going through unprecedented times. Now, many of us are wondering: what’s side by side?

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How the American Rescue Plan Will Impact Housing

Blog posted On
March xvi, 2021


Concluding week, Congress approved a $1.ix trillion relief package known as the American Rescue Plan. President Biden signed the plan on Friday, which means the sixth coronavirus relief measure should be disbursed very before long – giving many Americans a $1,400 directly payment and millions of others assistance with unemployment benefits, small business loans, vaccine investment, and community back up.

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How Millennials are Shaping the Electric current Housing Market

Blog posted On
March 09, 2021


For decades, Millennials have saturday on the sidelines and delayed milestones similar homeownership. 2 years ago, Millennials – people born betwixt 1981 and 1996 – officially became the largest generation in America, totaling at 72.one meg people. Final year, they became the largest dwelling buying population in America, making up 38% of all buyers. And today, they’re driving the housing boom – with existing sales up 24% annually.

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3 Reasons You Should Refinance Now

Weblog posted On
February 23, 2021


Mortgage rates take trended near historic lows for almost a twelvemonth now, with the number of new home purchases and refinances surging in response. At the end of last month, the number of refinance application submissions were upwards 59% yr-over-yr, striking their highest level since March 2020. Thousands of homeowners have already refinanced their mortgage to take advantage of low rates, simply if you haven’t nonetheless, here are three factors to consider earlier you brand your mortgage motility.

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A Deeper Look at President Biden’s Proposed Tax Credit

Blog posted On
February 09, 2021


Last calendar month, Joe Biden celebrated his inauguration as the 46th
president of the United states. Now it’due south downward to business. I of the proposed changes that the Biden Administration mentioned in their campaign was a $15,000 tax credit for first-fourth dimension home buyers. According to real manor experts, if this credit is passed by Congress, it could be a positive change for the industry.

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HUD Announces That the FHA is Backing DACA Mortgages

Blog posted On
February 02, 2021


Last calendar month, the U.S. Department of Housing and Urban Evolution (HUD) declared that the Federal Housing Assistants (FHA) would begin backing mortgages for immigrants under the Deferred Action for Childhood Arrivals (DACA) program. This announcement marks the first time that DACA status recipients would be eligible for FHA loans, provided that they meet all other FHA requirements.

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Generation Z Home Buyers Entering the Market with Assistance from Family unit

Blog posted On
October 23, 2018

With and then much focus on Millennial home buyers, the next incoming generation of buyers has been slightly overlooked.  Co-ordinate to Zillow, 3% of last year’south dwelling buyers were built-in subsequently 1995, meaning over 100,000 homeowners beyond the land are 23 and younger.  “I’chiliad a little surprised to see the numbers as large every bit they are,” commented Rob Dietz, chief economist and senior vice president for economics and housing policy for the National Association of Home Builders (NAHB).

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Need for Downward Payment Assistance on the Ascent

Blog posted On
June 05, 2018

Saving for a downwards payment is the almost usually reported obstruction to homeownership.  With rents rising and educatee debt accumulating, the problem is even more exacerbated with first-time home buyers trying to enter the marketplace.  Every bit the downward payment obstacle persists, the demand for down payment aid has also continued to increase.  According to a Scotsman Guide interview with Downwards Payment Resource CEO Rob Chrane, as of the first quarter of 2018 there are approximately ii,503 downward payment assistance programs nationwide, and the need for downwards payment help is likely to continue.

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Your Mortgage Shouldn’t exist I Size Fits All

Web log posted On
May 31, 2018

At this twelvemonth’southward Mortgage Bankers Association (MBA) Secondary Marketing briefing, one of the most prevalent topics of discussion was the growing market for unlike types of mortgage loans besides common options like the 30-year fixed rate mortgage.  The thirty-yr stock-still-rate mortgage is the cornerstone of American homeownership and has helped families nationwide become homeowners for almost a century.  Equally the housing market changes, involvement rates fluctuate, and regulations evolve, newer, more than innovative mortgage products are starting to emerge.  In today’s mortgage market, your mortgage should not be “one size fits all.”

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Source: https://www.cmgfi.com/mysite/alexander-hicks/blog?type=Blog&searchtag=Mortgage%20News

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