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VHDA Loan Combo

Get more with your mortgage! Call us today to find out if you qualify for a "Loan Combo" from VHDA. It's an affordable VHDA mortgage, PLUS a down payment grant, PLUS an MCC (first-time homebuyer tax credit), PLUS our free homebuyer's class.

May 22nd, 2017 VHDA Loan Combo

The Markets in a Minute - April 7

For the Week Ending April 7, 2017 Economic activity in the manufacturing sector expanded in March for the 94th consecutive month. The non-manufacturing sector also grew, for the 87th month.Another sign of the improving economy is the strong labor market. This week's jobs data has continued to show new job growth and low unemployment.Minutes from the last Fed meeting show they're looking to reduce asset holdings. The Fed currently holds over $4 trillion in Treasuries and mortgage securities. Home prices appreciated by 1% in February and 7% year-over-year. CoreLogic forecasts h...

April 6th, 2017 The Markets in a Minute - April 7

The Markets in a Minute - March 31

For the Week Ending March 31, 2017 Consumer confidence surged to a 16+-year high in March. Consumer optimism is supported by a strong labor market and a positive economic outlook.The GDP increased 2.1% in the 4th quarter, signaling economic growth. Consumer spending accounts for more than 2/3rds of U.S. economic activity.Some Fed members made comments this week supporting more than 3 rate hikes this year. The majority still favor a gradual approach to increases though. Pending home sales rose 5.5% in February, a 2.6% increase year-over-year. Warm weather and potentially higher intere...

March 30th, 2017 The Markets in a Minute - March 31

The Markets in a Minute - March 17

For the Week Ending March 17, 2017 Although the Fed raised policy rates at this week's meeting, mortgage rates improved when the Fed forecasted gradual future increases, calming markets.The Fed's policy rate change will help tame inflation, which has been on the rise. Inflation can be a factor in increasing future mortgage rates.The economy is expected to continue to grow, as supported by recent data. The labor market is strong and consumer confidence is improving. Builder confidence in the housing market hit a 12-year high in March. Builders are anticipating helpful regulato...

March 16th, 2017 | , markets-in-a-minute, The Markets in a Minute - March 17

The Markets in a Minute - March 10

For the Week Ending March 10, 2017 A Fed policy rate hike next week is now almost 100% certain, after recent comments by Fed officials. The Fed anticipates three rate increases in 2017.The Fed's mandate is to keep strong employment and low inflation. Jobs data this week showed the labor market remains strong, with low unemployment.Inflation is on the rise, both in the U.S. and abroad, as the economy continues to grow. Inflation pressures mortgage rates and could contribute to higher rates. Fannie Mae's Home Purchase Sentiment Index for February had five of the six components ...

March 9th, 2017 | markets-in-a-minute, The Markets in a Minute - March 10

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