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What a Difference a Year Makes for Sellers

Over the last few years, many sellers have been hesitant to put their houses on the market because they feared not being able to find another home to buy. We’ve reported on inventory shortages in the past, and it’s been a constant concern for potential buyers throughout recent years. New research shows the inventory concern […]

Should I Refinance My Home?

With the recent lower interest rates, many homeowners are wondering if they should refinance. To decide if refinancing is the best option for your family, start by asking yourself these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: Lower your interest […]

Home Price Appreciation Forecast

Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond. We’ve gathered current data from the industry’s most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 […]

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now! Is Your First Home Now Within Your […]

Americans’ Powerful Belief in Homeownership as an Investment

The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, […]

4 Tips to Sell Your Home Faster

Since June of last year, we have seen an increase in the inventory of homes for sale month per month. Every spring and summer, the inventory increases because people want to sell their home. For those with children, they may want to be in their new home for the beginning of the school year. If […]

5 Powerful Reasons to Own Instead of Rent

Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in […]

Now’s the Time to Move-Up and Upgrade Your Current Home!

Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house. Much of the demand for housing […]

10 Steps to Buying a Home This Summer [INFOGRAPHIC]

Some Highlights: If you are thinking of buying a home, you may not know where to start. Here is a simple list of 10 steps that you will go through to purchase a home. Make sure to ask your agent for details about each step and what else may be required in your area! 10 […]

Happy Independence Day!

Wishing you & yours a safe & Happy 4th of July! Happy Independence Day! Happy Independence Day!

Is Mortgage Debt out of Control?

The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their […]

Millennials Are Increasing the Demand for Condominiums

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications […]

Top 5 Reasons You Should NOT FSBO

Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBO might not be a good idea for the vast majority of sellers. The top 5 reasons are listed […]

Americans Rank Real Estate Best Investment for 6 Years Running! [INFOGRAPHIC]

Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. Stock owners are more positive about real estate than stocks as an investment. Of the 4 listed, real estate is the only investment you can also live in! Americans Rank […]

Know What to Expect at Your Home Inspection

So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or in some cases, […]

Before You Look for Your Dream Home: Know What You Want vs. What You Need!

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]

Having a Professional on Your Side Makes All the Difference!

In today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, the addition of more information causes more confusion. Shows like Property Brothers, Fixer Upper, and dozens more on HGTV have given many a false […]

Stop Wondering What Your Budget Is & Get Pre-Approved!

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 […]

Young First-Time Buyers Are Saving for Their Dream Homes

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open […]

What You Need to Know About Private Mortgage Insurance (PMI)

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What […]

Why Is So Much Paperwork Required to Get a Mortgage?

When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process […]

5 Reasons to Sell Your House This Summer

Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in […]

Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC]

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

Time for Your Dream Home, Gen X!

During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth. According to Pew Research Center, “Their fortunes have rebounded more than those of other […]

3 Things to Know in the Housing Market Today!

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, […]

Renting or Owning, What Is Better for You?

In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy […]

What is Important to Boomers when Selling their House?

If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may […]

The Feeling You Get from Owning Your Home

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

How Homeownership Delivers Unsurpassed Family Wealth

There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth. How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success. Their article, […]

4 Reasons to Buy A Home This Summer

Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year. […]

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Former Fed official: Don't agree with rate cut

(Please visit the site to view this media) Richard Fisher, former Fed president and FOMC voting member, joins 'Fast Money Halftime Report' to discuss if The Fed should be cutting rates now. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Former […]

June Construction Numbers Tried to Hang on, But Failed to Impress

Posted To: MND NewsWire The residential construction numbers in June were expected to come in largely in the same neighborhood as in May. Analysts however got it only half right. While starts fell fractionally, permits took a dive, falling by 6.1 percent compared to the previous month. The U.S. Census Bureau and Department of Housing […]

US housing starts total 1.253 million in June, vs 1.261 million expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on the June housing starts and building permits. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. US housing starts total 1.253 million in June, vs 1.261 million expected US […]

Comp, Broker, Compliance Exam Products; F&F Changes; The Fed and Rates

Posted To: Pipeline Press I encounter plenty of people in the mortgage biz, from part-time receptionists to owners, who are focused on helping consumers. It’s a good thing! And they ask me about consumer education. (“Have you ever heard of a class for anyone on home buying or the home loan process?”) One solution, and […]

MBS Day Ahead: Bonds Trying to Shake Off Last Week's Bad Vibes

Posted To: MBS Commentary In the day just passed, a strong Retail Sales report kept the pressure on bond markets to remain in the negative trend that prevailed last week. Yields have been moving progressively higher since the June 5th jobs report catalyzed a confirmed break of a narrow, consolidation pattern at multi-year yield lows. […]

Fannie Mae Sees Economic Slowdown…Slowing

Posted To: MND NewsWire This month marks the tenth anniversary of the current expansion. How much longer can it last? Fannie Mae’s July Economics Development report indicates it has a way to go, although likely at a slowing pace. The second quarter of 2019 has just ended, but Fannie Mae’s ESR Macroeconomic Forecast team expects […]

Higher Rates Stunt Post-Holiday Application Volume Recovery

Posted To: MND NewsWire Mortgage application activity retreated again during the week ended July 12, although refinancing remained strong. The Mortgage Bankers Association (MBA) said its Market Composite index, a measure of application volume, was down 1.1 percent on a seasonally adjusted basis from the previous week. That earlier week’s data included an adjustment to […]

MBS RECAP: Late Day Reslience But Negative Trend Remains Intact

Posted To: MBS Commentary Bonds began the day in roughly unchanged territory. On the one hand, that was impressive considering the lack of substance underlying yesterday's rally. On the other hand, that lack of substance meant we were at risk of a bigger reaction to the Retail Sales data. Retail Sales came out stronger than […]

Chicago Fed president sees argument for a couple rate cuts by end of year: Liesman

(Please visit the site to view this media) Art Laffer, Laffer Associates, joins CNBC's "Closing Bell" to discuss potential interest rate cuts from the Fed. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Chicago Fed president sees argument for a couple […]

Mortgage Rates Under Modest Pressure After Retail Sales Data

Posted To: Mortgage Rate Watch Mortgage rates were flat to slightly higher today, following a stronger-than-expected Retail Sales report. The bond market (which dictates mortgage rates) was eagerly awaiting the week’s first major economic data. Even though the Fed will almost certainly cut rates at the end of the month, additional cuts depend heavily on […]

Fed Chair Powell: Uncertainties around trade, US debt ceiling have increased

(Please visit the site to view this media) Fed chair Jerome Powell gave comments in Paris on neutral rates, the U.S. labor market and the possiblity of easing interest rates. CNBC's Steve Liesman reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Second-quarter GDP on pace to grow 1.8 percent

(Please visit the site to view this media) Economists surveyed by CNBC and Moody's predict that the GDP is on track to grow 1.8 percent during the second quarter. CNBC's Steve Liesman reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. […]

Builder Confidence Holds Steady, Labor Shortages Persist

Posted To: MND NewsWire Builder confidence rose slightly in July. The National Association of Home Builders (NAHB) said its Housing Market Index (HMI), which it sponsors with Wells Fargo, gained one point, rising to 65. This marks the sixth consecutive month that sentiment levels have held at a steady range in the low- to mid-60s. […]

NAHB homebuilder sentiment index beats expectations for July

(Please visit the site to view this media) CNBC's Diana Olick takes a look at new numbers on homebuilder sentiment for July from the National Association of Home Builders. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. NAHB homebuilder sentiment index […]

US industrial production unchanged in June, vs 0.1% increase expected

(Please visit the site to view this media) CNBC's Rick Santelli breaks down the June industrial production data. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. US industrial production unchanged in June, vs 0.1% increase expected US industrial production unchanged in […]

U/W, Training, Non-QM, Marketing Products; Ginnie's Growth

Posted To: Pipeline Press Although lots of small lenders don’t seem interested in being acquired any longer (“Hey, our pipeline is full and we’re making money again! Autumn is a long way off!”), M&A is alive and well. The latest example comes from Southern California where William Lyon Homes (NYSE: WLH) has bought South Pacific […]

MBS Day Ahead: Week's First Meaningful Data Plus Earnings Season in Swing

Posted To: MBS Commentary In the day just passed, bonds traversed a sleepy summertime Monday trading session without much volume or liquidity. That dynamic was somewhat exacerbated by the fact that Japanese markets were closed (which means there was no hub for Treasury trading during Asian market hours). This left incidental tradeflows in control with […]

Senate Banking Committee to examine Facebook's digital coin Libra

(Please visit the site to view this media) The Senate Banking Committee is going to take up the topic of Facebook's proposed digital currency Libra. 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. Senate Banking Committee to […]

Mortgage Rates Little-Changed Despite Bond Market Gains; New Breakout or New Ceiling?

Mortgage rates were mostly flat to begin the new week, even though underlying bond markets were in stronger territory. Bonds, more than anything else, dictate the day-to-day direction for mortgage rates. That said, there are different varieties of bonds as well as different levels of willingness to react on the part of mortgage lenders. In […]

MBS RECAP: Sleepy Session, But Tomorrow Could be Different

Posted To: MBS Commentary Today was one of those unofficial 3-day weekend type of Mondays with light volume, light trader participation, and "drifty" trading momentum. A market holiday in Tokyo (Asian market hours' requisite hub for cash Treasury trading) didn't help start the day off strong for the US bond market. but even after the […]

Mortgage Rates Little-Changed Despite Bond Market Gains

Posted To: Mortgage Rate Watch Mortgage rates were mostly flat to begin the new week, even though underlying bond markets were in stronger territory. Bonds, more than anything else, dictate the day-to-day direction for mortgage rates. That said, there are different varieties of bonds as well as different levels of willingness to react on the […]

Mnuchin: I don't see a government shutdown

(Please visit the site to view this media) Treasury Secretary Steve Mnuchin delivers remarks about concerns regarding cryptocurrencies, including Facebook's proposed digital currency, Libra. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Mnuchin: I don't see a government shutdown Mnuchin: I […]

Treasury Department says U.S. could hit debt ceiling by September

(Please visit the site to view this media) CNBC's Ylan Mui reports on discussions between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi regarding the debt ceiling. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Treasury Department says U.S. could […]

Fed will be force that moves market, says CIO

(Please visit the site to view this media) David Rolfe, Wedgewood Partners CIO, joins 'Squawk Alley' to discuss tech stocks on a high and why he thinks earnings will take a backseat to The Fed. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to […]

MBS Week Ahead: New Breakout or New Ceiling?

Posted To: MBS Commentary In the week just passed, the first 4 days (and especially Tue/Thu) served as the scene for a breakout from the previous trend (seen in the yellow lines on today's chart). Investors eagerly awaited Powell's congressional testimony, with bonds leading off toward higher yields in advance (Tuesday). When Powell's prepared speech […]

Non-QM, Broker, Marketing, Tech Products; Wholesale News; Webinars

Posted To: Pipeline Press You don’t think your spouse listens to you? What about Google? You bet: “Google Very Angry After Contractor Leaks Over a Thousand Assistant Recordings.” Interesting that many of the “best and brightest” of people in their 20s and 30s want to work for an advertising company. (Yes, 80-90% of Google/Alphabet’s revenue […]

Timmer: rate cuts are motivated by inflation

(Please visit the site to view this media) Jurrien Timmer, Fidelity Investments Director of Global Macro, discusses the Fed, probable rate cuts, and more …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Timmer: rate cuts are motivated by inflation Timmer: rate […]

Highest Rates in More Than 3 Weeks; Everything You Need to Know About Housing Stats

Mortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears. After the Fed meeting in June, rates moved to the lowest levels in more than 2 years and had been holding in a narrow range since then. The risks of a breakout were set to increase as the market […]

MBS RECAP: After 5 Frantic Days, Bonds Punch Out Early

Posted To: MBS Commentary Last Friday's jobs report meant business (bad business for low rates). Even though Powell ultimately told us that one jobs report wouldn't fundamentally alter the risks to the economic outlook in Wednesday's congressional testimony, that wasn't enough to get bonds out of the office. Wednesday was their least productive day of […]

Highest Mortgage Rates in More Than 3 Weeks

Posted To: Mortgage Rate Watch Mortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears. After the Fed meeting in June, rates moved to the lowest levels in more than 2 years and had been holding in a narrow range since then. The risks of a breakout were set […]