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How Much Leverage Do Today’s House Sellers Have?

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory […]

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low […]

Where Have All the Houses Gone?

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage […]

Home Mortgage Rates by Decade [INFOGRAPHIC]

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last […]

Will Low Mortgage Rates Continue through 2021?

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest […]

3 Ways Home Equity Can Have a Major Impact on Your Life

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM […]

Millennials: Is It Time to Buy a Bigger Home?

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending […]

3 Ways You’ll Win When You Buy a Home This Year

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a […]

Why It’s Easy to Fall in Love with Homeownership [INFOGRAPHIC]

Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community. Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If you’re ready to fall in love with a home of your own, let’s connect to […]

47% of New Buyers Surprised by How Affordable Homes Are Today

Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments […]

The Luxury Market Is Attracting Buyers in 2021

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury […]

3 Reasons We’re Definitely Not in a Housing Bubble

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. […]

6 Foundational Benefits of Homeownership Today

Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their […]

Thinking about Building a New Home? Your Agent Is Critical. [INFOGRAPHIC]

Some Highlights A real estate professional is an expert who can advocate on your behalf throughout the process when building a home. Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish. If building is the right option for you, let’s connect so you […]

Why Owning a Home Is a Powerful Financial Decision

In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into […]

Do I Really Need a 20% Down Payment to Buy a Home?

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you […]

Want to Build Wealth? Buy a Home This Year.

Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these […]

Turn to an Expert for the Best Advice, Not Perfect Advice

As we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to reflect on everything that’s changed and wonder what’s ahead for 2021. While there are signs of economic recovery as vaccines are being issued, we still have a long way to go. It’s at times like […]

Is Right Now the Right Time to Sell? [INFOGRAPHIC]

Some Highlights If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition. With buyer demand rising and historically low inventory for sale, if you’re in a position to move, your house may really stand out from the crowd. Let’s […]

What Record-Low Housing Inventory Means for You

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) […]

What Happens When Homeowners Leave Their Forbearance Plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have […]

What’s the Difference between an Appraisal and a Home Inspection?

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer […]

Why Moving May Be Just the Boost You Need

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census […]

Financial Fundamentals for Homebuyers [INFOGRAPHIC]

Some Highlights When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses. From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning. Let’s connect today […]

What Experts Are Saying about the 2021 Job Market

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at […]

Owning a Home Is Still More Affordable Than Renting One

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, […]

Should I Wait for Lower Mortgage Interest Rates?

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the […]

How to Make the Dream of Homeownership a Reality This Year

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one […]

Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

Some Highlights There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table. Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your […]

Why Right Now May Be the Time to Sell Your House

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is […]

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Bond markets react to Powell comments on Capitol Hill

(Please visit the site to view this media) CNBC's Steve Liesman breaks down comments made by Fed chair Jerome Powell and the bond market's reaction. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Bond markets react to Powell comments on Capitol […]

Powell confirmed growing optimism for economic recovery: Expert

(Please visit the site to view this media) CNBC's Melissa Lee discusses markets and the economic outlook with Angela Mwanza of UBS Global Wealth Management. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Powell confirmed growing optimism for economic recovery: Expert […]

New Home Sales on the Rise 4.3% in January

Posted To: MND NewsWire New home sales continued the turnaround, started in December, that ended three straight months of slowing sales. The U.S. Census Bureau and Department of Housing and Urban Development said newly constructed homes were sold in January at a seasonally adjusted annual rate of 923,000 units. This is an increase of 4.3 […]

New home sales jump 4.3% in January, vs. 0.9% expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on the latest new home sales data, which beat expectations as buyers continue rushing to the market. …(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 jump […]

Fed Chair Jerome Powell: Fed will communicate progress toward goals

(Please visit the site to view this media) Jerome Powell, chair of the Federal Reserve, testifies before the House Financial Services Committee on the state of the economy and monetary policy. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed Chair […]

Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain

Posted To: MND NewsWire Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight’s first look at the month’s loan performance data has both good news and some that is disquieting. The good news is a 121,000-loan decline in the number of loans that are […]

The 9am Bond Report – February 24, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9am Bond Report – February 24, 2021 The 9am Bond Report – February 24, 2021

MBS Day Ahead: It Was a Trap… Don't Expect Stocks to Save Us

Posted To: MBS Commentary Yesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer of hope for a bond bounce. We discussed the risk that this was a trap, and so far today, it looks like it was. 10yr yields are over 1.4% and UMBS 2.5 coupons are […]

MLO Jobs; Servicing, Customer Service, Decisioning, Retention Tools; Events and Training This Week

Posted To: Pipeline Press There’s a cost to staying at home as much as we do. I went to the doctor the other day. She told me, “I’ve got good news and bad news. The good news is that your weight is perfect. The bad news is that you’re two feet too short.” What is […]

Former Dallas Fed President Richard Fisher on Powell's testimony

(Please visit the site to view this media) Former Dallas Fed President Richard Fisher joined "Squawk Box" on Wednesday to discuss the market's reaction to Fed Chairman Jay Powell's testimony to Congress as well as President Joe Biden's $1.9 trillion stimulus proposal. …(read more) Forward this article via email:  Send a copy of this story to […]

Mortgage Application Volume Continues Decline

Posted To: MND NewsWire The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single […]

December Home Price Gains Highest Since 2014; Glimmer of Hope in Bonds, But it Might be a Trap

Both the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended the year with more than a 10 percent annual increase in home prices. The Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, showed a year-over-year gain of 10.4 percent in December while FHFA […]

MBS RECAP: Glimmer of Hope in Bonds, But It Might Be a Trap

Posted To: MBS Commentary Glimmer of Hope in Bonds, But It Might Be a Trap Bonds started the day in roughly unchanged territory and promptly began tanking. This was a bigger deal for MBS than Treasuries as the latter managed to stay UNDER yesterday's intraday high yields. Heavy losses in stocks at the NYSE open […]

Here are the highlights from Powell's testimony on inflation, yields

(Please visit the site to view this media) CNBC's Steve Liesman reports on the highlights from Federal Reserve Chairman Jerome Powell's testimony on Capitol Hill before the Senate Banking Committee. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Here are the […]

Fed will tolerate above average inflation before reacting: Economist

(Please visit the site to view this media) Bill Lee, chief economist at the Milken Institute, and Dana Peterson, chief economist at The Conference Board, talk with CNBC's Brian Sullivan about the outlook for the U.S. economy. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

December Home Price Gains Highest Since 2014

Posted To: MND NewsWire Both the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended the year with more than a 10 percent annual increase in home prices. The Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, showed a year-over-year gain of 10.4 percent […]

MLO, Ops Jobs; Underwriting, Loss Mit, Broker, Corresp., Jumbo Products; VA, FHA, Ginnie Changes

Posted To: Pipeline Press (To listen to the audio version of today’s commentary, please click here .) Being home schooled was the goodest thing I ever did! Disparities in mortgage approval rates and higher student loan debt are contributing to a significant gap between Black and White home owners, according to the National Association of […]

Consumer Confidence Index in February hits 91.3

(Please visit the site to view this media) CNBC's Rick Santelli reports on consumer confidence data from February and how it compares to months prior. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Consumer Confidence Index in February hits 91.3 Consumer […]

The 9am Bond Report – February 23, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9am Bond Report – February 23, 2021 The 9am Bond Report – February 23, 2021

MBS Day Ahead: MBS Beatings to Continue, Regardless of Morale

Posted To: MBS Commentary In the past few weeks–and especially the past few days–we've seen a sharp spike in MBS yields relative to Treasury yields. And yes, the Treasury yield spike has been plenty sharp in and of itself. That means MBS are taking a huge beating by comparison. Why? Simply put, this is the […]

House to vote on Biden's $1.9 trillion Covid relief bill later this week

(Please visit the site to view this media) House Democrats are moving forward with President Joe Biden's $1.9 trillion stimulus bill. CNBC's Ylan Mui reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. House to vote on Biden's .9 trillion Covid […]

Stone: The bond market is telling us it's expecting better real economic growth

(Please visit the site to view this media) Bill Stone of The Glenview Trust Company says the underlying fundamentals of the economy are better than people are saying, and all you have to do is look at the positive earnings of companies in the S&P 500. …(read more) Forward this article via email:  Send a copy […]

Rates Are In Big Trouble, But Why? Could Home Prices Cool This Spring?

Huge Mortgage-Specific Weakness The rate reset continues. Just when you thought 10yr yields surely couldn’t go any higher, they did. New intraday highs of 1.394% in 10yr yields, and closing near the 1.37% inflection point. MBS aren’t happy about it. When rates spike this quickly, MBS typically have to undergo a fast and painful repositioning […]

February Easily The Worst Month For Rates in Long Time

Posted To: Mortgage Rate Watch There are still 4 business days left in the month of February and thus still 4 days for the bond market to undergo an epic recovery that helps mortgage rates come back down. But traders and market-watchers alike have pined for–if not outright expected–such a recovery several times in the […]

There will be robust growth in 2021: BofA's Michelle Meyer

(Please visit the site to view this media) Bank of America projects GDP growth to be 6.5 percent in 2021 and 5 percent in 2022. Michelle Meyer, Bank of America global research head of U.S. economics, says continued progress on vaccination efforts and further stimulus is likely to push the U.S. for growth. She joins […]

MBS RECAP: Rates Are In Big Trouble, But Why?

Posted To: MBS Commentary Huge Mortgage-Specific Weakness The rate reset continues. Just when you thought 10yr yields surely couldn't go any higher, they did. New intraday highs of 1.394% in 10yr yields, and closing near the 1.37% inflection point. MBS aren't happy about it. When rates spike this quickly, MBS typically have to undergo a […]

Why the spring housing market may see price drops

(Please visit the site to view this media) CNBC's Diana Olick reports on how rising rates are impacting monthly mortgage payments. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Why the spring housing market may see price drops Why the spring […]

Rising rates only has moderate cooling effect on housing, says Black Knight's Andy Walden

(Please visit the site to view this media) CNBC's Becky Quick discusses how rising mortgage rates may impact the housing markets with Andy Walden of Black Knight. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Rising rates only has moderate cooling […]

Spending, stimulus fuel strong GDP forecasts in 2021

(Please visit the site to view this media) CNBC's Steve Liesman breaks down the forecasts for GDP in 2021, which have improved from earlier expectations. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Spending, stimulus fuel strong GDP forecasts in 2021 […]

The Bond Report – 9am – February 22, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The Bond Report – 9am – February 22, 2021 The Bond Report – 9am – February 22, 2021