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What Credit Score Do You Need To Buy A House?

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is […]

Want To Increase Your Family’s Wealth? Here’s How!

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 are paying off a […]

Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you to start earning equity today! Don’t Let Your Luck Run Out! Buy A Home This […]

Homeownership is a Cornerstone of the American Dream

“The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years. That led […]

7 Things To Avoid After Applying for a Mortgage!

Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your […]

What’s Going On with Bidding Wars?

In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home. According to […]

4 Reasons to Buy a Home in the Spring

Spring has sprung, and it’s a great time to buy a home! 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 4.4% over the last 12 months. The same report predicts that prices will […]

Preparing to Spring Forward [INFOGRAPHIC]

Some Highlights: In the majority of the country, this weekend marks the start of Daylight Savings Time as we set our clocks forward an hour on Sunday at 2:00 AM EST. Whether you plan on buying or selling this spring, these tips could help you ‘spring ahead’ of your competition! Spring brings two things: more […]

Why an Economic Slowdown Will NOT Crush Real Estate this Time

Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one […]

2 Reports That Say Now Is a Great Time to Sell

Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials […]

How to Have a Unique Open House

According to the National Association of Realtors, total inventory has been growing for six months straight, as has the number of buyers looking to find their dream home. In a market where inventory is increasing, you want to stand out in the crowd! This quote from Grandscope puts it well: “You can differentiate from competition […]

The Housing Market Will “Spring Forward” This Year!

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right. Buyer demand […]

Home Prices Up 5.73% Across the Country! [INFOGRAPHIC]

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Home Prices Up 5.73% Across the Country! [INFOGRAPHIC] […]

No Worries… Home Prices Coming in for a SOFT Landing

Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in for a soft landing. The previous housing market was fueled […]

Interest Rates Hit New 12 Month Low!

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. […]

What are the Benefits of Becoming a Homeowner?

Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date important? Homeownership is not just a roof over your head! It […]

How Can I Increase My Family’s Net Worth?

Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of […]

3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC]

Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it. Living within a budget right now will help you save money for down payments while also paying down other debts that might be holding you […]

3 Reasons Why We Are Not Heading Toward Another Housing Crash

With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates HOME PRICES A […]

Why A Normal Market is Just What We Need

The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home prices to new heights. Home […]

2019 Will Be a Great Year for Buyers AND Sellers

Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming! NerdWallet’s 2018 Home Buyer Report revealed that: […]

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are […]

Where Did Americans Move in 2018? [INFOGRAPHIC]

Some Highlights: Every year United Van Lines conducts their National Movers Study by tracking their customer’s movement state-to-state over the course of the year. Vermont claimed the top spot of states with the highest percentage of inbound residents following a campaign that covered relocation costs for skilled workers who moved to the state. The most […]

First Comes Love… Then Comes Mortgage? Couples Lead the Way

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs. However, many couples […]

Why Homeownership Matters Now More Than Ever

Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) For Americans approaching retirement age, one of […]

How To List Your Home for the Best Price

If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018. The map below shows the results of the latest index by state. Real […]

Thinking of Selling Your House? This is a Perfect Time!

It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good strategy this year. The other listings that come out in the spring will represent […]

5 Reasons to Love Hiring A Real Estate Pro [INFOGRAPHIC]

Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with contracts, explaining the process, negotiations, and pricing (both when making an offer or setting the right price for […]

How to Get a Better Perspective on Affordability

Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was […]

The KonMari Method: Helping You Prep Your House For Sale

One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house. Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her […]

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For Rates, Tomorrow Brings Bigger Risks; Once Thought Inferior, Automated Appraisals Finding Their Place

Mortgage rates were flat for the 4th day in a row today in a sign that investors have largely taken their seats for tomorrow’s big show. The Fed will release its new policy statement at 2pm tomorrow, and while they’re not expected to hike rates this time around, there are other important considerations that could […]

MBS RECAP: Bonds Officially Held January's Range Ahead of March Fed Announcement

Posted To: MBS Commentary Bonds began the day in weaker territory following overnight headlines suggesting European leaders would be going up to bat for a compromise Brexit deal. "Less bad" economic data in Germany also contributed to European bond market selling. At the start of the domestic session–particularly the 8:20am CME Open–there was a glut […]

Rates Unchanged for 4th Straight Day. That Should Change Tomorrow

Posted To: Mortgage Rate Watch Mortgage rates were flat for the 4th day in a row today in a sign that investors have largely taken their seats for tomorrow’s big show. The Fed will release its new policy statement at 2pm tomorrow, and while they’re not expected to hike rates this time around, there are […]

Santelli Exchange: John Taylor on the Fed

(Please visit the site to view this media) Stanford Professor John Taylor and CNBC's Rick Santelli discuss the Fed's balance sheet, inflation 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. Santelli Exchange: John Taylor on the Fed Santelli […]

Cashin: Navigating 'Fed drift'

(Please visit the site to view this media) CNBC's Bob Pisani and UBS' Art Cashin discuss the morning's market activity. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Cashin: Navigating 'Fed drift' Cashin: Navigating 'Fed drift'

Once Considered Inferior, Automated Appraisals Are Helping Stem Default Risk

Posted To: MND NewsWire Although lacking in popularity, it appears that automated appraisals have obtained the their intended results. Urban Institute (UI) researchers Laurie Goodman and Jun Zhu found the changes have helped to lower default rates. They suggest that, in turn, some lender processes and potentially pricing should be changed as well. The two […]

Pisani: Stocks tend to rise 24 hours leading up to Fed announcements

(Please visit the site to view this media) CNBC's Bob Pisani looks ahead at the day's market action. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Pisani: Stocks tend to rise 24 hours leading up to Fed announcements Pisani: Stocks tend […]

January factory orders hit estimates at 0.1%

(Please visit the site to view this media) CNBC's Rick Santelli reports on final factory orders data for the month of January. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. January factory orders hit estimates at 0.1% January factory orders hit […]

MBS Day Ahead: Looks Like We Made It

Posted To: MBS Commentary Rates staged an impressive rally in November and December before bottoming out on the first trading day of 2019. The bounce was fairly abrupt at the time and it roughly coincided with 2017's highs. It was as if the bond market was saying those days are behind us and we won't […]

The Fed always has trouble dealing with markets, economist says

(Please visit the site to view this media) Robert Brusca, chief economist at Fact & Opinion Economics, and Stephen Stanley, chief economist at Amherst Pierpont Securities, join "Squawk Box" ahead of the Fed policy meeting to discuss what they expect from the central bank. …(read more) Forward this article via email:  Send a copy of this […]

Sales, Marketing Products; Lender Training; MBS Platform Updates

Posted To: Pipeline Press At roughly $8,500 per loan and continuing to defy gravity, scholars disagree on whether vendors lower the cost of originating a residential loan. But then again, scholars disagree on everything. (We can expect new cost figures from the MBA early next week but most expect it to increase somewhat on lower […]

Here's what these investors are watching ahead of the Fed policy meeting

(Please visit the site to view this media) Janelle Woodward, head of fixed income at BMO Global Asset Management, and Sarat Sethi of Douglas C. Lane & Associates join "Squawk Box" along with CNBC's Steve Liesman to discuss what they expect from the Fed policy meeting and how trade might be affecting the global economy. […]

45% think tariffs play a significant role in global slowdown, CNBC Fed Survey finds

(Please visit the site to view this media) CNBC's Steve Liesman breaks down the results of the latest CNBC Fed survey ahead of the Federal Reserve policy meeting. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. 45% think tariffs play a […]

Builder Confidence Holds Steady After Recovering From 2018 Lows; Rates Hold 14-Month Lows

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) held steady in March , after partially recovering from substantial loses at the end of 2018. The Index, a measure of new-home builders’ confidence in the market for newly constructed homes was unchanged at 62 on a 100-point scale. The index finished 2018 […]

MBS RECAP: After Green Binge, Bonds Take "Sick" Day

Posted To: MBS Commentary For the bond market St Paddy's day was a 2 week celebration of "green" (as in the color of price gains or falling yields on trading terminals) beginning on March 4th. Eight of those 10 business days saw yields move lower with last Friday marking the 2nd lowest closing levels in […]

Mortgage Rates Hold 14-Month Lows

Posted To: Mortgage Rate Watch Mortgage rates didn’t budge today–a logical result with no signs of life in underlying bond markets. In the current case, this is just fine with us considering the bond market has gone silent while remaining at the best levels in 14 months. Specifically, mortgage-backed-securities (MBS, the most important ingredient in […]

Jamie Dimon says the U.S. economy has left the poor behind

(Please visit the site to view this media) While speaking at a JP Morgan conference promoting a new $350 million job program, CEO Jamie Dimon called the U.S. economy 'bifurcated'. He also called out donations to colleges, saying they weren't real philanthropy. …(read more) Forward this article via email:  Send a copy of this story to […]

Fed should cut rates, says former Minneapolis Fed president

(Please visit the site to view this media) Narayana Kocherlakota, former president of the Minneapolis Federal Reserve Bank, discusses the Fed's upcoming policy meeting. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed should cut rates, says former Minneapolis Fed president […]

Here's how the tax cuts could impact the housing market

(Please visit the site to view this media) Joe Lavorgna, Natixis chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss how the tax cuts impact the housing market. …(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 the […]

Santelli Exchange: Treasury yields look past strong equity performance

(Please visit the site to view this media) Morgan Stanley Investment Management's Michael Kushma and CNBC's Rick Santelli discuss yields ahead of the Fed meeting. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Santelli Exchange: Treasury yields look past strong equity […]

Builder Confidence Holds Steady After Recovering From 2018 Lows

Posted To: MND NewsWire The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) held steady in March , after partially recovering from substantial loses at the end of 2018. The Index, a measure of new-home builders’ confidence in the market for newly constructed homes was unchanged at 62 on a 100-point scale. […]

Fed is giving too much transparency, says Richard Bernstein Advisors CEO

(Please visit the site to view this media) Richard Bernstein, CEO of Richard Bernstein Advisors, and Jason Trennert, chariman of Strategas Research Partners, joins 'Squawk Box' and CNBC's Steve Liesman to give their predictions on the Fed's meeting and how it might affect markets. …(read more) Forward this article via email:  Send a copy of this […]

Here's what to expect from the Federal Reserve meeting

(Please visit the site to view this media) Fed officials are set to release an updated dot plot on Wednesday at the end of their two-day meeting. There are many questions facing the Fed ahead of this, specifically whether it will hike or further downgrade the economy. CNBC's Steve Liesman breaks it all down. …(read […]

MBS Week Ahead: Both Sides of Market Getting Excited For The Fed

Posted To: MBS Commentary This week's economic calendar is exceptionally light, with no true top-tier reports. Even the 2nd-tier data is limited with Philly Fed on Thursday and Existing Home Sales on Friday. That leaves all the more focus on what was always destined to be this week's main event. Since the end of January, […]

LO Jobs; Warehouse Products; 1099 Comp – Brokers and MBA Weigh In

Posted To: Pipeline Press I hope that I never get to the point of writing things down on my “to do” list even after I’ve done them, just so I can cross them off the list. Or enjoying combining multiple “to do” lists into a master list, although (maybe) I’m already there. Many people in […]

Upbeat View on New Home Sales; Rates Stay Low, Bigger Risks/Rewards Ahead; Boomer Remodel Boom

Even though the January Census Bureau report on new home sales published on Thursday wasn’t all that encouraging for the spring market, the Mortgage Bankers Association (MBA) is predicting more upbeat news for February. The Association’s Builder Application Survey (BAS) shows a 6 percent increase in new home purchase applications from the previous month and […]

MBS RECAP: Bonds Squeezed to Best Levels in Months Ahead of Fed

Posted To: MBS Commentary Uncertainty has reigned supreme for much of 2019 as traders weigh shifting economic data, potential data inconsistencies (due the shutdown), trade policy, and Brexit-driven uncertainty against central banks' collective response. Everyone seems to be pretty confident that the Fed's response will include some new news on the topic of its balance […]

Rates Stay Low; Bigger Risks/Rewards Next Week

Posted To: Mortgage Rate Watch Mortgage rates remained at recent lows today, as underlying bond markets strengthened. For US Treasuries, this brought rates to new multi-month lows. Mortgage-backed bonds, on the other hand, simply returned in line with the best levels of the week. That allowed mortgage lenders to continue offering the best rates of […]

Santelli Exchange: Trichet on "Brexit"

(Please visit the site to view this media) Former ECB President Jean-Claude Trichet and CNBC's Rick Santelli discuss the future of the UK and the EU. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Santelli Exchange: Trichet on "Brexit" Santelli Exchange: […]

Aging Americans, Aging Housing Stock Driving Remodel Boom

Posted To: MND NewsWire Nearly 80 percent of America’s housing stock is at least 20 years old and twice that share of homes were built 50 or more years ago. With new construction still well behind its pre-recession levels Americans have been remodeling these older homes in huge numbers. The Joint Center on Housing Studies […]