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Key Terms to Know in the Homebuying Process [INFOGRAPHIC]

Some Highlights Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your homebuying process is a positive one is to […]

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Your House May Be High on the Buyer Wish List This Holiday Season

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best […]

Is Buying a Home Today a Good Financial Move?

There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has skyrocketed the demand […]

Don’t Let Buyer Competition Keep You from Purchasing a Home

This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we […]

It Pays to Sell with a Real Estate Agent [INFOGRAPHIC]

Some Highlights Today, it’s more important than ever to have an expert you trust to guide you as you sell your house. From your safety throughout the process to the complexity of negotiating the deal, you need a professional on your side. Before you decide to take on the challenge of selling your house on […]

Will Mortgage Rates Remain Low Next Year?

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When […]

Chances of Another Foreclosure Crisis? “About Zero Percent.”

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced […]

Homes for Sale Are Rapidly Disappearing

Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained: “While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand […]

Why Working from Home May Spark Your Next Move

If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond. While the […]

Tips to Sell Your House Safely Right Now [INFOGRAPHIC]

Some Highlights Your agent now has over 6 months of experience selling houses during the pandemic and can make the process easier and safer for you today. COVID-19 protocols and technology usage recommendations from the National Association of Realtors (NAR) are making it possible to sell houses right now, while agents continue to abide first […]

Winter Will Bring a Flurry of Activity to the Housing Market

In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” […]

VA Home Loans: Helping Heroes Find a Home

Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity […]

Homeownership Is a Key to Building Wealth

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of […]

Is it Safe to Sell My House Right Now?

In today’s real estate market, the buzz is all about how it’s a great time to sell your house. Buyer demand is high, and there simply aren’t enough homes available to buy to meet that growing need. This means now is the time to make a move so you can close the deal on your […]

Making a Home for the Brave Possible [INFOGRAPHIC]

Some Highlights VA Home Loans provide unique opportunities for Veterans, active-duty personnel, and their families in recognition of their service to our Nation. For eligible individuals, options associated with VA Loans can help make the dream of homeownership a reality. If you or someone you know may benefit from a VA Loan, let’s connect to […]

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself. This […]

Real Estate Is a Driving Force in the Economy

As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise […]

Rent vs. Buy: How to Decide What’s Best for You

According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting […]

4 Reasons Why the Election Won’t Dampen the Housing Market

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them. Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect […]

Should I Renovate My House Before I Sell It? [INFOGRAPHIC]

Some Highlights In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for […]

Three Ways Low Inventory Is a Win for Sellers

The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s […]

Buyer Interest Is Growing among Younger Generations

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […]

How Down Payment Assistance Opens the Door to Homeownership

Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable […]

Two Important Impacts of Home Equity

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight […]

Selling Your House Is the Right Move, Right Now [INFOGRAPHIC]

Some Highlights Demand from homebuyers has skyrocketed this year, which means today’s sellers are poised to win big. This ideal moment in time to sell your house won’t last forever, though. With more sellers coming to the market in the spring, waiting until next year means buyers will have more choices, so your home may […]

Home Values Projected to Keep Rising

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. […]

Why Today’s Options Will Save Homeowners from Foreclosure

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, […]

Americans Are Gaining Confidence in the Economy

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on […]

Real Estate Continues to Show Unprecedented Strength This Year

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say. […]

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The 9 a.m. Bond Report: November 27, 2020

(Please visit the site to view this media) The 9 a.m. Bond Report …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9 a.m. Bond Report: November 27, 2020 The 9 a.m. Bond Report: November 27, 2020

Home improvement is booming during the pandemic—And Black Friday

(Please visit the site to view this media) CNBC's Frank Holland takes a look at the home improvement stores that have benefited from consumers investing in their home. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Home improvement is booming during […]

MBS Day Ahead: Without Any Surprises, It's Just Another Weekend Trading Day

Posted To: MBS Commentary For the US bond market, the day after Thanksgiving is frequently a reflection of the EU bond market. Strength in EU bonds translated to 10yr yields improving by 2bps (.862%). To be more precise, EU markets and US futures markets were still open yesterday. Stocks and bond yields (both at home […]

High level Ops, Implementation Jobs; Demographics for MLO's: Who's Locking and Who's Not?

Posted To: Pipeline Press Left over pumpkin pie for breakfast today? Have you begun your company’s Holiday Cookbook yet? (Help corporate culture by sending an email, ad a recipe, send it on to someone else working from home, keep it going.) Remember when “flexible” working arrangements made the news? For example, flexible work arrangements (think […]

Forbearances Trending Slightly Higher, Well Below 2020 Peak Levels

Posted To: MND NewsWire Despite a second consecutive modest weekly increase , the number of loans in forbearance continue to trend well below those at the peak of the COVID-19 pandemic. Black Knight said there was an uptick of 27,000 loans in forbearance plans during the period ended November 23. That reporting period was one […]

Number of borrowers in Covid-related mortgage bailout programs rises to 2.78 million

(Please visit the site to view this media) CNBC's Diana Olick reports the latest numbers on coronavirus-rlated mortgage bailouts. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Number of borrowers in Covid-related mortgage bailout programs rises to 2.78 million Number of […]

New Home Sales Still Soaring; Refi Apps Too; Mortgage Rates Little-Changed But The Fed Raises Some Doubts

Mortgage rates have been operating relatively close to their all-time lows recently and today was no exception. The Fed raised some doubts as to how much longer that would be the case this afternoon when it released the minutes of its most recent policy meeting (from 3 weeks ago). The Fed questioned whether its mortgage-specific […]

Mortgage Rates Little-Changed But The Fed Raises Some Doubts

Posted To: Mortgage Rate Watch Mortgage rates have been operating relatively close to their all-time lows recently and today was no exception. The Fed raised some doubts as to how much longer that would be the case this afternoon when it released the minutes of its most recent policy meeting (from 3 weeks ago). The […]

MBS RECAP: Fed Minutes Hurt MBS, But Not Quite As Badly As It Seemed

Posted To: MBS Commentary Fed Minutes Hurt MBS, But Not Quite As Badly As It Seemed Today's Fed Minutes offered a more detailed account of the meeting that took place 3 weeks ago. Markets expected there would be more to learn on the Fed's debate over its bond buying plan. They were not disappointed at […]

Homebuilders face rising costs, slower supply chains due to Covid

(Please visit the site to view this media) CNBC's Kelly Evans discusses the hot housing market as record low rates fuel demand, with CNBC's Diana Olick and George Ratiu of Realtor.com. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Homebuilders face […]

New home sales are up 41 percent year over year

(Please visit the site to view this media) New home sales are higher than 40 percent year over year. CNBC's Diana Olick reports on the data. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. New home sales are up 41 percent […]

I'm 'very enthusiastic' about Yellen running Treasury: Georgetown's McCulley

(Please visit the site to view this media) Paul McCulley, adjunct professor at Georgetown's McDonough School of Business and former Pimco chief economist, called the bottom back in March. He joins "Squawk Box" to discuss what he expects for the markets as well as how the government can help stimulate the economy. …(read more) Forward […]

Another record low mortgage rate causes mortgage demand to rise

(Please visit the site to view this media) Mortgage rates have hit new record lows more than a dozen times this year, which caused mortgage demand to rise again last week. CNBC's Diana Olick reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to […]

What the latest unemployment claims data says about markets and the economy

(Please visit the site to view this media) CNBC's Steve Liesman, Allison Schrager, senior fellow at the Manhattan Institute, and Jim Paulsen, chief investment strategist at the Leuthold Group, join "Squawk Box" to break down the latest economic data, including initial unemployment claims for the week ending Nov. 21 and the second read on third-quarter […]

Freddie Mac on Track For 25% More Loans This Year, Most of Them Refis

Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 25.7 percent in October compared to a 17.5 percent gain in September. The portfolio balance at the end of the period was $2.625 trillion compared to $2.579 trillion the prior month and $2.301 trillion a […]

New Home Sale Refuse to Back Down From 14-year highs

Posted To: MND NewsWire Sales of newly constructed single-family homes slipped slightly in October; the second month sales have declined. The U.S. Census Bureau and Department of Housing and Urban Development reported that the month’s sales were at a seasonally adjusted annual rate of 999,000, a decrease of 0.3 percent compared to September’s revised sales […]

MBS Day Ahead: Unofficial Early Close Versus Fed Minutes That Could Matter

Posted To: MBS Commentary Here it is! The trading community's ONE guaranteed chance of the year for a 4.5-day weekend. Even though Wednesday is never officially designated as an "early close" by SIFMA, that's often what it becomes in terms of volume and liquidity. The only reason that might not be the case to a […]

MLO, Ops Jobs; Doc, Sales, Broker Tools; Disaster Updates; Investors React to Freddie and Fannie Changes

Posted To: Pipeline Press Second only to the excitement of the new phone book coming, the new conforming loan limit is $548,250 for 2021 , up from $510,400 in 2020, and some investors reacted. (More below.) The limit will impact home buyers in a positive way. The spread of COVID-19 (based on 2 things, how […]

Refi Applications Hit 7 Month Highs

Posted To: MND NewsWire Refinancing increased its already overwhelming dominance of the mortgage market during the week ended November 20. The Mortgage Bankers Association (MBA) said the refinancing share of mortgage applications topped 70 percent and refinancing accounted for most of the weeks increased volume. MBA’s Market Composite Index, a measure of mortgage loan application […]

How The New Loan Limits Affect Mortgage Rates; Home Price Gains Blow Away Forecasts Yet Again

If you follow the MBS Commentary channel on this site, you will have already seen most of the following, but it’s relevant for consumers as well. As far as mortgage rates are concerned, the increase in conforming loan limits doesn’t have a direct impact, but it does change rate availability for those seeking certain loan […]

MBS RECAP: Modest Weakness Persists as Markets Rotate Back Toward Risk

Posted To: MBS Commentary Modest Weakness Persists as Markets Rotate Back Toward Risk Whether we want to pin the blame on Trump's willingness to begin the transition of power or Yellen being named as Biden's Treasury Secretary yesterday, stocks and bonds have both been doing more to move in a "risk-on" direction over the past […]

How The New Loan Limits Affect Mortgage Rates

Posted To: Mortgage Rate Watch If you follow the MBS Commentary channel on this site, you will have already seen most of the following, but it’s relevant for consumers as well. As far as mortgage rates are concerned, the increase in conforming loan limits doesn’t have a direct impact, but it does change rate availability […]

Market is reacting to news we're finally moving on in the transition process: Politico's Ben White

(Please visit the site to view this media) Ben White, Politico chief economic correspondent and CNBC contributor, joins 'Power Lunch' to discuss why the market is soaring and his economic outlook. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Market is […]

Covid-induced demand in housing spikes prices

(Please visit the site to view this media) Home prices have spiked seven percent since 2019. CNBC's Diana Olick reports on what's behind the gains. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Covid-induced demand in housing spikes prices Covid-induced demand […]

Conforming Loan Limit Increases to $548,250

Posted To: MBS Commentary If you'd like to read the official FHFA press release, here you go , but here's the skinny on the new conforming loan limit of $548,250 for 2021, up from $510,400 in 2020. Which loans does this apply to? Conventional, conforming loans (those sold to or securitized by Fannie Mae and […]

September Home Price Gains Blow Away Forecasts

Posted To: MND NewsWire Annual price increases in September were quite literally off the charts . Both the S&P CoreLogic Case-Shiller National Index and the Housing Market Index from the Federal Housing Finance Agency (FHFA) recorded annual appreciation of at least 7 percent. The Case-Shiller National Index, which covers all nine U.S. census divisions, reported […]

CTO, MLO, Ops Jobs Across the Country; Customer Service, eSignature Tools; MLO Yield Curve Primer

Posted To: Pipeline Press Remember when you drove to work every day? For non-mortgage kicks, here’s a site where you can take a virtual drive through dozens of cities around the world, setting the speed of the vehicle, street noise, and local radio station. (Just click on the city in the list on the right […]

Janet Yellen transcends politics, says Wells Fargo's Mike Mayo

(Please visit the site to view this media) "I think this is good news to have Janet Yellen as Treasury Secretary," Mike Mayo, head of U.S. large-cap bank research at Wells Fargo Securities, told CNBC's "Squawk Box" Tuesday. "To me, she transcends politics. She's not pro-bank or anti-bank. She's pro economic growth. She's pro employment. […]

The 9 a.m. Bond Report: November 24, 2020

(Please visit the site to view this media) The 9 a.m. Bond Report with Rick Santelli. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9 a.m. Bond Report: November 24, 2020 The 9 a.m. Bond Report: November 24, 2020

MBS Day Ahead: Time For New Conforming Loan Limits

Posted To: MBS Commentary With very little by way of significant data or events as far as financial markets are concerned, today's most interesting revelation will be FHFA's announcement of new conforming loan limits. We actually already know quite a bit, and it looks like the number should be $548,220 or slightly higher , but […]