Description: Sherry Barney | Mortgage Lending Company
sherry barney | mortgage lending company (1)
Market Comment Mortgage bond prices finished the week slightly lower which put upward pressure on rates. The up and down trading pattern continued as inflation fears remained heightened. Some of the data showed the impacts of higher rates on the economy. Existing home sales were 4.07M vs 4.15M. However, new home sales were 714K vs … Continue reading MIG Market Watch, August 28th, 2023 →
Borrowers will run into several mortgage loan options during their homebuying journey. A unique program that’s the perfect choice for some buyers is the USDA home loan. Let’s look at the history of this loan program, how it works, and what makes a property eligible for it. What Is a USDA Home Loan? A government-backed … Continue reading History and Background of the USDA Home Loan →
Market Comment Mortgage bond prices finished the week lower which put upward pressure on rates. The up and down trading pattern continued as inflation fears remained heightened. The Fed minutes indicated inflation risks could require additional tightening. We started the week negatively, saw a slight rebound Tuesday morning, experienced heavy selling Wednesday and Thursday, and … Continue reading MIG Market Watch, August 21st, 2023 →