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Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]

Some Highlights As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true. To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start. […]

Home Equity Give Sellers Options in Today’s Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and […]

Home Equity Gives Sellers Options in Today’s Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and […]

Home Builder Confidence Hits All-Time Record

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of […]

The Cost of a Home Is Far More Important than the Price

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there […]

Is the Economic Recovery Beating All Projections?

Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the […]

Homes Across the Country Are Selling Fast [INFOGRAPHIC]

Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 […]

How Low Inventory May Impact the Housing Market This Fall

Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but […]

The Surging Real Estate Market Continues to Climb

Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home […]

Is Now a Good Time to Move?

How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time […]

Two New Surveys Indicate Urban to Suburban Lean

There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide. In a recent Realtor Magazine article, they discussed the issue and addressed comments made by Lawrence Yun, […]

Virtual School Is Changing Homebuyer Needs [INFOGRAPHIC]

Some Highlights With remote learning sweeping the nation this academic year, organized spaces with enough room for kids to learn effectively are high on buyer wish lists. If you’re trying to make room for your family’s growing needs, multi-purpose rooms and dedicated workspaces may be features to consider in your next home. Let’s connect today […]

Homebuyer Traffic Is on the Rise

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that […]

The Latest Unemployment Rate Fell to 8.4%

Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week. Though it is tough to look at this as great news when millions of Americans are […]

Have You Ever Seen a Housing Market Like This?

The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. Here’s a look at four key […]

Thank You, Essential Workers

To all essential workers on this Labor Day, thank you. Thank You, Essential Workers Thank You, Essential Workers

The 2020 Homebuyer Wish List [INFOGRAPHIC]

Some Highlights The word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible. From more outdoor space to virtual classrooms for their children, buyers have a growing list of what they’d like to see in their […]

Homebuyer Demand Is Far Above Last Year’s Pace

Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your house, […]

How Will the Presidential Election Impact Real Estate?

The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be unaffected, as a new forecast projects […]

It’s Not Just About the Price of the Home

When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low […]

Three Ways to Win in a Bidding War

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy […]

Why Is It so Important to Be Pre-Approved in the Homebuying Process?

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, […]

Should You Buy an Existing Home or New Construction?

Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at […]

Builders & Realtors Agree: Real Estate Is Back

When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place. After the […]

The Top Reasons People Are Moving This Year

Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow: “In 2020, homes went from […]

Ask a Pro About Buying a Home [INFOGRAPHIC]

Some Highlights According to trending data, searches for key real estate topics are skyrocketing online. Clearly, lots of people have questions about buying a home, and other topics related to the process. Working with a trusted real estate professional will help you create the most personalized and helpful experience. Let’s connect so you have the […]

Forbearance Numbers Are Lower than Expected

Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely. […]

Just How Strong Is the Housing Recovery?

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of […]

Sellers Are Returning to the Housing Market

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research […]

The Beginning of an Economic Recovery

The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the […]

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Forbearances Ending at a Faster Pace; Rates Drift Lower; Refi Market Still Hot

Black Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages fell by 2.6 percent or 95,000 loans over the last week, bring the decline over the last month to 357,000 loans. It was the fifth straight week of improvement and Black Knight noted […]

MBS RECAP: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths

Posted To: MBS Commentary Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths MBS prices were generally losing ground, albeit at a modest pace, over the past two weeks. That's no big deal in and of itself, but Treasuries were doing the opposite (modest gains over the same 2 weeks). As of […]

Stellar Housing Data; Rates Inching Lower

Posted To: Mortgage Rate Watch Mortgage Rate Update Considering this week’s generally positive drift in rates, we shouldn’t expect lenders to get less busy any time soon. In recent weeks, there’s been a sense that mortgage pricing seems just a little bit “off” compared to expectations. Those expectations are primarily derived from movement in the […]

Why Latinos are driving the increase in homeownership

(Please visit the site to view this media) CNBC's Diana Olick reports on the growth in Latino homeownership. With Gary Acosta of the National Association of Hispanic Real Estate Professionals. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Why Latinos are […]

Democrats' relief package could be voted on as soon as next week

(Please visit the site to view this media) CNBC's Ylan Mui reports on what could be included in the new stimulus package and the challenges that could put a compromise at risk. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Democrats' […]

Forbearances Ending at a Faster Pace

Posted To: MND NewsWire Black Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages fell by 2.6 percent or 95,000 loans over the last week, bring the decline over the last month to 357,000 loans. It was the fifth straight week of improvement […]

MBS Day Ahead: Treasuries, MBS Back on Same Page After 2 Weeks On Different Paths

Posted To: MBS Commentary Bear with me while I'm forced to crank up the power on my analytical microscope in order to find anything interesting to say about one of the least volatile bond market trends we've ever seen. None of what we're about to discuss would make the cut in terms of relevance at […]

70% of Freddie's Portfolio Suggests Refis Aren't Dead

Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 27.7 percent in August compared to a 20.0 percent gain in July. The portfolio balance at the end of the period was $2.533 trillion compared to $2.476 trillion the prior month and $2.275 trillion a […]

FHFA's Official Report on Q2 Mortgage Relief Numbers

Posted To: MND NewsWire In its 2 nd quarter Foreclosure Prevention and Refinance Report the Federal Housing Finance Agency (FHFA) says it has helped almost 4.7 million distressed homeowners since it became conservator of the GSEs Fannie Mae and Freddie Mac in August 2008. Over 250,000 of them took place in the second quarter of […]

Sales and Ops Jobs; Marketing and Credit Products; Cybercrime Update; Watching the Stimulus Quagmire

Posted To: Pipeline Press TGIF! Do Fridays mean as much as they did up until mid-March? Yes! Well, maybe. How about some non-mortgage stuff? There is, after all, life outside of RESPA. It’s crazy at the nursery via webcam at the Warrior Canine Puppy Live (although sometimes they let them roam outside). How about the […]

Durable goods orders rose less than expected in August

(Please visit the site to view this media) CNBC's Rick Santelli breaks down the latest economic data. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Durable goods orders rose less than expected in August Durable goods orders rose less than expected […]

Pace of mortgage bailouts improve as 3.6 million still delay payments

(Please visit the site to view this media) CNBC's Diana Olick reports the latest data on the coronavirus-related mortgage bailout program. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Pace of mortgage bailouts improve as 3.6 million still delay payments Pace […]

New Home Sales Crush Forecasts, Soaring to 14-Year High; Serious Delinquencies Grow

Once again new home sales exceeded expectations, this time by a lot. Sales of newly built homes rose 4.8 percent in August, to a seasonally adjusted annual rate of 1.011 million. That puts sales an astounding 43.2 percent higher than they were the previous August. It was the sixth straight month of rising sales. After […]

MBS RECAP: MBS Outperform; Bonds Stay Defiantly Sideways Overall

Posted To: MBS Commentary MBS Outperform; Bonds Stay Defiantly Sideways Overall The stock market tried a few different moves on the bond market today and while correlation is still visible at times, Treasuries generally refused to be dragged very far from home. MBS did just a bit better, benefitting from light supply at today's Fed […]

Economist Diane Swonk: Fed is 'running out of rabbits to pull out of a hat' to save economy

(Please visit the site to view this media) Federal Reserve Chairman Jerome Powell urged Congress to provide the U.S. economy with more financial support to ease the pain in economic recovery caused by Covid-19. Diane Swonk, chief economist at Grant Thorton, joins ‘Power Lunch’ to discuss what she sees as important steps for a healthy […]

American Homes 4 Rent CEO on rising demand for single-family rentals

(Please visit the site to view this media) CNBC's Kelly Evans discusses the housing market, demand for single family home and more with CNBC's Diana Olick and David Singelyn, CEO of American Homes 4 Rent. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to […]

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

(Please visit the site to view this media) With CNBC's 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 Bond Report 9 a.m.: September 24, 2020 The Bond Report 9 a.m.: September 24, 2020

August home sales pop above 1 million, the best rate in 14 years

(Please visit the site to view this media) CNBC's Diana Olick joins 'Squawk on the Street' to talk about August new home sales which is up 4.8% …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. August home sales pop above 1 […]

New Home Sales Crush Forecasts, Soaring to 14-Year Highs

Posted To: MND NewsWire Once again new home sales exceeded expectations, this time by a lot. Sales of newly built homes rose 4.8 percent in August, to a seasonally adjusted annual rate of 1.011 million. That puts sales an astounding 43.2 percent higher than they were the previous August. It was the sixth straight month […]

MBS Day Ahead: Where Would We Be Without Stocks?

Posted To: MBS Commentary It's no secret that the bond market has been sideways for a month and a half by even the strictest definitions, and broadly sideways since first settling down from the initial covid-related volatility in March. In terms of specific levels, that's .63 – .79 for 10yr yields since August and .50 […]

Weekly jobless claims total 870,000, vs 850,000 expected

(Please visit the site to view this media) Initial jobless claims were slightly higher than expected as the labor market continues its sluggish recovery from the coronavirus pandemic. CNBC's Rick Santelli reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Weekly […]

Serious Delinquencies Grow, but Fewer Overall Missed Payments in August

Posted To: MND NewsWire As the COVID-19 crisis dragged into its sixth month in August the total number of mortgage delinquencies continued to ebb, but the rate of decline appears to be slowing. Black Knight, in its first look at the month’s loan performance data, found the national delinquency rate down 3 basis points to […]

Ops, LO, AE Jobs; Broker, Construction, MSR Management Products; Using Digital for Customer Service

Posted To: Pipeline Press I need to make a dart board for the wall behind me for Zoom calls that has “rates up” and “rates down” and “rates the same” on it. Until we see actual year-over-year inflation above 2 percent, the Federal Reserve will hold short-term rates near 0 percent. Any questions? The Fed […]

Record Gains For Home Prices; Mortgage Apps Up; Rates Drifting

Home prices rose another 1.0 percent in July, bringing the year-over-year gain to 6.5 percent according to the House Price Index (HPI) produced by the Federal Housing Finance Agency (FHFA). The agency also revised its previously reported 0.9 percent price change for June 2020 to 1.0 percent. All nine of the census divisions posted both […]

Mortgage Rates in Drift Mode

Posted To: Mortgage Rate Watch Mortgage rates didn’t do much today. The average lender was effectively unchanged from yesterday. The same could be said yesterday, and the day before that, and so on and so on… The only major adjustment to rates in recent weeks has been the abrupt spike of roughly 0.15% that occurred […]

MBS RECAP: Stocks Try to Help, But Bonds Stay Relentlessly Flat

Posted To: MBS Commentary Stocks Try to Help, But Bonds Stay Relentlessly Flat Econ data, Treasury auctions and Fed speakers all failed to move the needle. Bonds only showed signs of life in response to new corporate debt issuance and a big sell-off in stocks. The net effect left Treasuries and MBS effectively unchanged. No […]

Ending Fannie/Freddie Conservatorship Still a Top Priority for FHFA

Posted To: MND NewsWire Mark Calabria, Director of the Federal Housing Finance Agency (FHFA) is stepping up his agency’s actions to spring Fannie Mae and Freddie Mac (the GSEs) from their decades long federal receivership. Most recently he called on the mortgage industry to give feedback on FHFA’s strategic plan which includes steps to do […]

FHFA Says 2-Month House Price Gain was Largest Ever

Posted To: MND NewsWire Home prices rose another 1.0 percent in July, bringing the year-over-year gain to 6.5 percent according to the House Price Index (HPI) produced by the Federal Housing Finance Agency (FHFA). The agency also revised its previously reported 0.9 percent price change for June 2020 to 1.0 percent. All nine of the […]

Fed Chair Powell says more fiscal support is needed—Four experts are doubtful it can happen

(Please visit the site to view this media) Federal Reserve Chairman Jerome Powell told the House Committee of Financial Services on Tuesday that he believes more fiscal support is needed to assist with the Covid-19 economic recovery. Four market experts discuss whether they think Congress can reach a deal and what the consequences could be […]

United Wholesale Mortgage and Gores Holdings on the deal to go public via SPAC

(Please visit the site to view this media) Matt Ishbia, CEO of United Wholesale Mortgage, and Alec Gores, chairman and CEO of The Gores Group, join "Squawk Alley" to discuss their new deal to take United Wholesale Mortgage public via SPAC. …(read more) Forward this article via email:  Send a copy of this story to someone […]