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Rates Testing Support

MBS very volatile today due to all the reports.

The New Home sales dropped 11.3% in November to 355K as opposed to the 438K that was expected, and while this helped MBS, the Treasury is now going to auction off $122B instead of the $118B that was expected, so this brought them back down.

If [...]

Mortgage Tip of the Day- Calculating Overtime and Bonus Income

When trying to calculate OVERTIME and BONUS income, its a little confusing.

Here’s how it works:

1. You must provide a minimum of at least 24 months of overtime in order for us to count it for income. 2. If on your current paystub it shows less than the previous 2 years of overtime, we [...]