Under the First Home Mortgage Program, applicants can receive up to 4 percent of the total first mortgage amount to be put toward paying the down payment and closing cost assistance. This assistance comes in the form of a grant, which has no repayment terms.
MBS Day Ahead: Back in The Range, But Yield Curve Could Protest The Yield Curve as a Leading Indicator – FEDERAL RESERVE BANK. – A. An informal way to assess the robustness of yield curve forecasts of real activity is to examine visually the ex post accuracy of the results. In some cases, as with the regularity that yield curve inversions precede recessions, the evidence is immediate and quite consistent, as in the United States since 1960.