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Last Chance! Homes are a Bargain Compared to Historic Norms

A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The reason we can still afford to […]

Selling Your Home? Make Sure the Price is Right!

If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory […]

Buying a Home Young is the Key to Building Wealth

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults. […]

Buying a House This Year? This Should Be Your 1st Step!

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

The Cost Across Time [INFOGRAPHIC]

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! […]

The Best Time to List Your House? TODAY!

You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory […]

Is the Recent Dip in Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of 2019, rates have continued their downward […]

Buying A Vacation Property? Now Is A Good Time!

Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying at their first residence, AccuWeather warns: “The late-week cold shot should fade next week, but […]

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, but let’s look […]

Top Renovations to Complete Before You Sell Your House [INFOGRAPHIC]

Some Highlights: If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers. Upgrading your landscaping […]

Belief in Homeownership as an Investment is Far from Dead

Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center […]

Excited About Buying A Home This Year? Here’s What to Watch

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need […]

Here’s to a Wonderful 2019!

We hope 2019 is a great year for you, both personally and professionally! Here’s to a Wonderful 2019! Here’s to a Wonderful 2019!

Why You Should Not For Sale By Owner

In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for most sellers. Here are the top five reasons: […]

Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

Some Highlights: ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic. All four major reporting […]

24 Hours that Suddenly Improved the Market

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales have now decreased for several months in a row. To many, the outlook heading into 2019 appeared dim… at best. […]

How to Save Thousands of Dollars in Interest on Your Mortgage

One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving you money over the life of […]

What Makes a House a Home For You?

We frequently talk about why it makes sense to buy a home financially, but more often than not the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of a home can mean different things to different people. Whether it’s a […]

Buyers Are Looking for Your Home, Now [INFOGRAPHIC]

Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high […]

4 Quick Reasons NOT to Fear a Housing Crash

There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s market is much different: 1. There are fewer foreclosures now than there were […]

Homeownership Remains a Huge Part of the American Dream

As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news for sellers as many of them […]

Why Houses DO NOT Sell in a Strong Market

As we approach the end of the year, many homeowners find themselves asking the question, “If we’re currently in a strong real estate market, why won’t my house sell?” Below are the 5 most common reasons why a listing contract will expire: 1. The Price Sometimes when the market is hot, homeowners attempt to set […]

4 Reasons to Sell Your House This Winter [INFOGRAPHIC]

Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family […]

No Bubble Here! How New Mortgage Standards Are Helping

Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008. As it becomes easier for […]

Don’t Get Caught in the Rental Trap in 2019

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan […]

How to Simply Increase Your Family Wealth by Paying for Housing

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you […]

What If I Wait A Year to Buy a Home?

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over […]

The Tale of Two Markets [INFOGRAPHIC]

Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices […]

2008 vs. Now: Are Owners Using Their Homes as ATMs Again?

Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are […]

Where Are Interest Rates Headed in 2019?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. […]

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Rates Holding Ground, But Under Pressure; Will New FHFA Head Follow his Instincts or Bow to Reality?

“The most important question in housing policy heading into the new year has nothing to do with interest rates, housing supply, or home sales,” Urban Institute (UI) non-resident fellow Jim Parrott says. “It’s what kind of director of the Federal Housing Finance Agency (FHFA) Mark Calabria will be .” Calabria has been named to replace […]

MBS RECAP: Trade Headlines Provide Sneak Peak for Bond Market Vulnerability

Posted To: MBS Commentary The Wall St Journal ran a story this afternoon suggesting Treasury Secretary Mnuchin was pushing for a compromise deal to ease Tariffs on China in order to grease the skids for trade talks. As a result, stocks and bonds lost their cool –relatively. Case in point, in the 30 minutes following […]

Mortgage Rates Holding Ground But Volatility Could Increase

Posted To: Mortgage Rate Watch Mortgage rates were technically steady today. In fact, as of this writing, most lenders are offering slightly better terms compared to yesterday, but only by barely-detectable amounts. The afternoon brought volatility in financial markets owing to trade-related headline. That volatility isn’t moving in a good direction for mortgage rates at […]

Treasury official: No recommendations made on tariffs

[View:http://video.cnbc.com/gallery/?video=7000060355&__source=mnd|news|video|&par=mnd] CNBC's Eamon Javers reports from the White House on his exchange with Treasury Secretary Steve Mnuchin after Dow Jones reported the U.S. is weighing lifting tariffs on China to hasten a trade deal. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Huge increase in mortgage refinancing, says BB&T CEO

[View:http://video.cnbc.com/gallery/?video=7000060352&__source=mnd|news|video|&par=mnd] CNBC's "Power Lunch" team is joined by BB&T CEO Kelly King to discuss the health of banks, the mortgage business, and the state of the consumer. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Huge increase in mortgage refinancing, says […]

Here's how economists are getting data during the shutdown

[View:http://video.cnbc.com/gallery/?video=7000060330&__source=mnd|news|video|&par=mnd] Omair Sharif, Societe Generale senior U.S. economist, and CNBC's Steve Liesman joins 'The Exchange' to discuss why the jobless claims numbers might not add up and his story on shutdown. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Here's how […]

Subservicer, Non-Agency Products; World Debt Increasing; Primer on "Duration" and Mortgage Pricing

Posted To: Pipeline Press Time has a way of slipping by. For example, I’ve really been meaning to transfer a bunch of Lotus 1-2-3 and Quattro Pro spreadsheets I have off of some floppy disks and onto my laptop but never seem to get around to it. Speaking of time passing, Moody’s send out a […]

Initial jobless claims down 3,000 to 213,000

[View:http://video.cnbc.com/gallery/?video=7000060296&__source=mnd|news|video|&par=mnd] Jim Iuorio of TJM Institutional Services breaks down the latest initial jobless claims and numbers from the Philly Fed index. CNBC's Steve Liesman joins to break down the numbers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Initial jobless claims […]

MBS Day Ahead: There Are Only So Many Ways To Say It

Posted To: MBS Commentary Unless you've missed the past few days of commentary, you've heard me say something about the sideways uncertainty in markets as investors wait for a government shutdown resolution. There are only so many ways to say it. So I'll let someone else say it this morning. The following is from the […]

Housing pulse check

[View:http://video.cnbc.com/gallery/?video=7000060281&__source=mnd|news|video|&par=mnd] Diana Olick and Mark Fleming of First American dig in on the state of the real estate market. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Housing pulse check Housing pulse check

Will New FHFA Head Follow his Instincts or Bow to Reality?

Posted To: MND NewsWire “The most important question in housing policy heading into the new year has nothing to do with interest rates, housing supply, or home sales,” Urban Institute (UI) non-resident fellow Jim Parrott says. “It’s what kind of director of the Federal Housing Finance Agency (FHFA) Mark Calabria will be .” Calabria has […]

Builder Confidence Improves Thanks to Rates; Purchase Mortgage Applications Reach 8 Year High

January 11 ended the first full business week in a while and mortgage activity responded accordingly. The Mortgage Bankers Association (MBA) reported a strong rebound when, despite a government shutdown, business returned more or less to normal. MBA’s Market Composite Index, a measure of mortgage loan application volume, increased 13.5 percent on a seasonally adjusted […]

MBS RECAP: Bonds Looking Reluctant to Make Bigger Moves Without Data

Posted To: MBS Commentary Today would have been Retail Sales day were it not for the government shutdown. This also prevented Business Inventories from reporting (not an insignificant piece of data even if not on par with Retail Sales). Tomorrow will see the New Residential Construction numbers (housing starts and building permits) stay silent due […]

Mortgage Rates Up Slightly, But Still in Great Shape

Posted To: Mortgage Rate Watch Mortgage rates rose modestly today after spending the past 2 days moving sideways. It was really yesterday’s market weakness that caused today’s move. Mortgage rates are most directly affected by the trading of mortgage-backed securities (MBS). When MBS are weaker, rates rise. MBS were weaker throughout the day yesterday, but […]

Banks are in best condition in decades, says analyst

[View:http://video.cnbc.com/gallery/?video=7000060162&__source=mnd|news|video|&par=mnd] Jason Goldberg, managing director and senior equity analyst at Barclays, discusses how bank earnings are sparking the market with CNBC's "Power Lunch" team. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Banks are in best condition in decades, says analyst […]

UK government survives no-confidence vote by thin majority

[View:http://video.cnbc.com/gallery/?video=7000060158&__source=mnd|news|video|&par=mnd] CNBC's Willem Marx reports on the results of the no-confidence vote in the House of Commons. Prime Minister Theresa May survived the vote, 325 to 306. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. UK government survives no-confidence vote by […]

January housing market index beats expectations

[View:http://video.cnbc.com/gallery/?video=7000060108&__source=mnd|news|video|&par=mnd] CNBC's Diana Olick reports on new NAHB housing market index numbers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. January housing market index beats expectations January housing market index beats expectations

Manufactured Home and Capital Markets Products; Radian Expands; Big Banks' Mortgage Volumes

Posted To: Pipeline Press As pricing battles rage in the wholesale channel, there has been plenty of news of layoffs in residential lending over the last six months industry-wide, due to reasons like becoming more efficient, lower volumes, or fewer delinquencies, the most recent being BB&T and Mr. Cooper (page 7). What would actually be […]

Builder Confidence Buoyed by Lower Rates

Posted To: MND NewsWire After falling an aggregate of 12 points in November and December the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) appears to have stabilized. The HMI, a measure of home builders’ confidence in the market for newly constructed homes, gained 2 points in January, rising to 58. This […]

Lawmakers will forego planned recess to continue shutdown talks

[View:http://video.cnbc.com/gallery/?video=7000060093&__source=mnd|news|video|&par=mnd] CNBCs Ylan Mui reports on the latest from Washington as the government shutdown enters its 25th day. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Lawmakers will forego planned recess to continue shutdown talks Lawmakers will forego planned recess to […]

Here are BlackRock CEO Larry Fink's market predictions for 2019

[View:http://video.cnbc.com/gallery/?video=7000060087&__source=mnd|news|video|&par=mnd] Larry Fink, BlackRock CEO, joins 'Squawk Box' to give his take on the markets going into 2019. …(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 BlackRock CEO Larry Fink's market predictions for 2019 Here are BlackRock CEO Larry […]

May's Brexit plan voted down, parliament to hold vote of no confidence

[View:http://video.cnbc.com/gallery/?video=7000060080&__source=mnd|news|video|&par=mnd] UK parliament voted down Prime Minister Theresa May's Brexit plan. May will face a parliamentary wide vote of no confidence. CNBC's Steve Sedgwick reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. May's Brexit plan voted down, parliament to hold […]

MBS Day Ahead: This Morning's Retail Sales Report is Emblematic of The Bond Market's Issue

Posted To: MBS Commentary There will be no Retail Sales report this morning due to the government shutdown. This provides a perfect example of the issue the bond market is currently facing. It begins with the state of flux in the economy and in monetary policy. Now more than ever , arguably, the Fed is […]

Millionaires Cash-Out Too; Big Refis for Big Homes

Posted To: MND NewsWire Somewhere in this country there are 230 homes with mortgage balances between $10 and $20 million dollars. According to a post written by Arthur Jobe in the CoreLogic Insights blog, 75 percent of them were originated since 2013, and 180 represent refinances. Those refinances were largely originated since 2013 as well. […]

Purchase Mortgage Applications Reach 8 Year High

Posted To: MND NewsWire January 11 ended the first full business week in a while and mortgage activity responded accordingly. The Mortgage Bankers Association (MBA) reported a strong rebound when, despite a government shutdown, business returned more or less to normal. MBA’s Market Composite Index, a measure of mortgage loan application volume, increased 13.5 percent […]

American Dream Depends on Affordability; Rates Staying Flat Amid Shutdown Caution

Homeownership as an American dream is alive and well according to new data from the National Association of Realtors® (NAR) 2018 Housing Opportunities and Market Experience (HOME) Survey. The survey was conducted across all 12 months of last year. Sixty-four percent of respondents were homeowners, 27 percent were renters, and 9 percent were non-homeowners living […]

NAR Survey Finds American Dream Depends on Affordability

Posted To: MND NewsWire Homeownership as an American dream is alive and well according to new data from the National Association of Realtors® (NAR) 2018 Housing Opportunities and Market Experience (HOME) Survey. The survey was conducted across all 12 months of last year. Sixty-four percent of respondents were homeowners, 27 percent were renters, and 9 […]

MBS RECAP: Minimal Bond Market Damage Thanks to Stocks' Hard Start

Posted To: MBS Commentary The S&P had been idling in place with prices between 2560 and 2600 for more than a week. During that week, we've discussed the risks associated with a break above 2600. Simply put, if stocks managed to break above their nearest notable technical ceiling, perhaps bonds would do the same. In […]

Mortgage Rates Unchanged Again as Markets Remain Cautious

Posted To: Mortgage Rate Watch Mortgage rates were unchanged yet again today. Given that rates are based on trading levels in underlying bond markets, it’s no surprise to learn that bond investors have been hesitant to take things too far in either direction after pulling up slightly from the long-term lows achieved in early January. […]

Kansas City Fed President says it may be a good time to pause normalization

[View:http://video.cnbc.com/gallery/?video=7000059918&__source=mnd|news|video|&par=mnd] CNBC's Steve Liesman reports on comments from Kansas City Fed president Esther George on the state of the economy. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Kansas City Fed President says it may be a good time to pause […]