Check out my free buyers guide resource!  This is a free download and full of great information about Buying a Home!

Looking for a fast and easy rate quote to buy or refinance a home?

Check out my Daily Blog below! 

Mortgage Rates & Payments by Decade [INFOGRAPHIC]

Some Highlights Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant. Let’s connect to determine the best way to position your family […]

Homes Are More Affordable Right Now Than They Have Been in Years

Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why. According to the Mortgage Monitor Report […]

Why Foreclosures Won’t Crush the Housing Market Next Year

With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of […]

Current Buyer & Seller Perks in the Housing Market

Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two. The Biggest Perk for Buyers: […]

The Latest Unemployment Report: Slow and Steady Improvement

Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the unemployment rate to fall to 10.5%. When the official report came out, it revealed that 1.8 million jobs were added, and […]

2020 Homebuyer Preferences [INFOGRAPHIC]

Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment. Let’s connect today if your needs have recently changed […]

How Is Remote Work Changing Homebuyer Needs?

With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? […]

Why Homeowners Have Great Selling Power Today

We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. […]

Today’s Buyers Are Serious about Purchasing a Home

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply […]

Experts Weigh-In on the Remarkable Strength of the Housing Market

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential […]

Where Is the Housing Market Headed for the Rest of 2020? [INFOGRAPHIC]

Some Highlights: The housing market is forecasted to finish the year with growing strength. Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise. If you’re thinking of buying or selling a home this year, let’s connect to maximize your opportunity today. Where Is the Housing Market Headed […]

Will We See a Surge of Homebuyers Moving to the Suburbs?

As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and outdoor space is certainly sparking some interest among homebuyers. Early data shows an initial trend […]

Homeownership Rate Continues to Rise in 2020

So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst the many roadblocks, however, the U.S. homeownership […]

Guidance and Support Are Key When Buying Your First Home

In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is […]

Three of the Latest Reports Show Housing Market Is Strong

The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s overall […]

A Real Estate Pro Is More Helpful Now than Ever [INFOGRAPHIC]

Some Highlights A recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis. Expertise and professionalism are highly valued and can save buyers and sellers time and effort along the way. If you’re thinking of buying or selling a home this […]

Home Sales Hit a Record-Setting Rebound

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that […]

Two Reasons We Won’t See a Rush of Foreclosures This Fall

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a […]

A Remarkable Recovery for the Housing Market

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, […]

Thinking of Selling Your House? Now May be the Right Time

Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total […]

Mortgage Rates Fall Below 3% [INFOGRAPHIC]

Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to determine your best next steps toward homeownership. Mortgage Rates Fall Below 3% [INFOGRAPHIC] Mortgage Rates […]

Does Your Home Have What Buyers Are Looking For?

There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue returning to the market at a cautious pace […]

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is […]

What Are Experts Saying about Home Prices?

Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first […]

Buyers: Are You Ready for a Bidding War?

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a […]

Americans Rank Real Estate Best Investment for 7 Years Running [INFOGRAPHIC]

Some Highlights Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today. Of the four listed, real estate is also the only investment you […]

Not All Agents Are Created Equal

In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be […]

Best Time to Sell? When Competition Is at an All-Time Low

In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home […]

Taking Advantage of Homebuying Affordability in Today’s Market

Everyone is ready to buy a home at a different time in their lives, and a health crisis or not, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make […]

Latest Unemployment Report: Great News…for the Most Part

The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent […]

Nothing Found

Sorry, no posts matched your criteria

Thinking Refi? Read this First !

Posted To: Community Commentary With rates near all-time lows, millions of homeowners are frantically refinancing. Borrowers often think the only pertinent question is “ how much can I drop my rate? ”, when there’s other as (or more) important factors involved. Let’s look at some of those, and make more informed decisions on refinancing: What […]

Forbearances Decline for Second Week; Rates Are Not 1.99%

Two entities, Black Knight and the Mortgage Bankers Association (MBA) have been tracking loans in forbearance plans since the start of the pandemic. They have diverged a bit in their numbers over the last half year, but both agree, in their most recent reports, that there are now fewer than 4 million borrowers in plans. […]

MBS RECAP: Boring Day For Bonds, But Tension Remains For Mortgages

Posted To: MBS Commentary Boring Day For Bonds, But Tension Remains For Mortgages Rates continued reeling (depending on the lender) from the G-fee hike announced late Wednesday, but bonds managed to hold their ground (finally). This is the first decent push back against the recent technical breakout and the first real chance we have of […]

Mortgage Rates Are Not 1.99%. In Fact They're Back Over 3%

Posted To: Mortgage Rate Watch Some mortgage companies have generated buzz by advertising 30yr fixed rates of 1.99%. While it is possible to obtain such a rate, there is definitely a catch. Rates are certainly low in the big picture. Up until this week, they were as low as they’ve ever been . The average […]

Fed is going to have buy more Treasurys if we get a stimulus deal: Chief investment officer

(Please visit the site to view this media) Rick Rieder, BlackRock chief investment officer of global fixed income, joins 'Squawk Box' to discuss what the market is predicting in terms of a recovery. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. […]

July retail sales rise 1.2 percent versus forecasts of 2.3 percent

(Please visit the site to view this media) CNBC's Rick Santelli reports on the July retail sales and CNBC's Steve Liesman breaks down the ex-autos retail sales. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. July retail sales rise 1.2 percent […]

Industrial production data rises 3 percent versus 2.8 percent expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on July's industrial production numbers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Industrial production data rises 3 percent versus 2.8 percent expected Industrial production data rises 3 percent […]

Consumer sentiment index beats expectations, 72.8 vs 71 expected

(Please visit the site to view this media) CNBC's Rick Santelli takes a look at business inventory data and a preliminary August read of the consumer sentiment index. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Consumer sentiment index beats expectations, […]

Controller, MLO Jobs; ROI, Broker, AI, Jumbo Products; Compliance and State-Level Legal News

Posted To: Pipeline Press Hundreds of thousands of people in the lending industry, their borrowers, and vendors are grappling with the refi price hit announced Wednesday evening by FHFA Director Calabria. From the Carolinas I received this from Rhonda M. “We are into the J’s now for Atlantic named storms. Wonder if Hurricane Jalabria might […]

Forbearances Decline for Second Week, Falling Below 4 Million

Posted To: MND NewsWire Two entities, Black Knight and the Mortgage Bankers Association (MBA) have been tracking loans in forbearance plans since the start of the pandemic. They have diverged a bit in their numbers over the last half year, but both agree, in their most recent reports, that there are now fewer than 4 […]

MBS Day Ahead: Are Rates Ready To Be Done With This Correction?

Posted To: MBS Commentary First thing's first, any conversation about rates in a mortgage market context would be incomplete without considering this week's regulatory drama. Specifically, FHFA just more than DOUBLED G-fees for refinances. Read all about it in the mega recap HERE . This surprise move threw lenders for a loop and most of […]

Mortgage Rates Pummeled By Regulatory Drama; MBA Predicts Home Sales Surge

At face value, the bonds that underlie the mortgage market didn’t sustain too much damage today. If there was nothing else to inspire lender rate changes, we might not be too much worse vs yesterday. Unfortunately, there is an absolutely massive source of motivation that unexpectedly burst on the scene last night. If you’re not […]

Mortgage Rates Pummeled By Regulatory Drama

Posted To: Mortgage Rate Watch At face value, the bonds that underlie the mortgage market didn’t sustain too much damage today. If there was nothing else to inspire lender rate changes, we might not be too much worse vs yesterday. Unfortunately, there is an absolutely massive source of motivation that unexpectedly burst on the scene […]

MBS RECAP: Mortgage Market Rocked by Instant Doubling of Regulatory Fees

Posted To: MBS Commentary Mortgage Market Rocked by Instant Doubling of Regulatory Fees Consider this: the average guaranty fee (charged by Fannie/Freddie to ensure timely payments to investors), including upfront LLPAs and the ongoing fees built into monthly payments netted the agencies roughly 48bps in Q2. In one abrupt announcement last night, they added 50bps […]

MBS Day Ahead: Mega Recap of New Refi Fee and a Call to Action

Posted To: MBS Commentary This began as my normal daily "day ahead" article, but as you can see based on the time of day and the following content, it turned into something else. Apologies for the break from the norm, but we have bigger fish to fry at the moment. Why? In a word: because […]

MBA Predicts New Home Sales Surge in July

Posted To: MND NewsWire The Mortgage Bankers Association (MBA) is predicting another strong month for new home sales. The association says its Builder Application Survey (BAS) data for July 2020 shows mortgage applications for new home purchases increased 39 percent compared to a year ago and is up 1 percent compared to June. This would […]

Appraisal, Valuation, Sales Tools; Training; 50 bp Refi hit and Other Agency Updates

Posted To: Pipeline Press Follow the money! The “talking heads” are analyzing the fact that President Donald Trump donated $6,000 to Kamala Harris’ 2014 campaign for reelection as California attorney general, and that she in turn donated the money to a non-profit that advocates for civil and human rights for Central Americans. And we have […]

What the weekly jobless claims data mean for the U.S. economy

(Please visit the site to view this media) Scott Brown, Raymond James chief economist, joins 'Squawk Box' to discuss the weekly jobless claims data and his forecast for the U.S. economy. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. What the […]

NYC apartment vacancies hit a new all-time high as renters leave the city amid the pandemic

(Please visit the site to view this media) CNBC's Robert Frank reports on the apartment vacancy problem in New York City and how landlords are trying to deal with the issue. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. NYC apartment […]

What Pandemic? Home Prices Continue Gains in Q2

Posted To: MND NewsWire Home prices continued to rise during the second quarter of the year, although at a slower pace than before the advent of the pandemic. The National Association of Realtors® (NAR) said its quarterly survey of metropolitan areas found that single-family home prices rose on an annual basis in 96 percent or […]

FHFA Drops a Bomb; Your Refi Just Got Much More Expensive!

Posted To: Mortgage Rate Watch In what can only be described as a cash grab, Fannie and Freddie’s regulator just announced a new tax on refinances. Granted, it’s not technically a tax, and it wasn’t probably even intended to hit the pocketbooks of the American homeowner, but that’s unfortunately exactly what it will do. Let’s […]

Surprise Announcement From FHFA Just Made Your Refi Much More Expensive

Posted To: MBS Commentary In what can only be described as a cash grab, Fannie and Freddie's regulator just announced a new tax on refinances. Granted, it's not technically a tax, and it wasn't probably even intended to hit the pocketbooks of the American homeowner, but that's unfortunately exactly what it will do. Let's break […]

Mortgage Rates Move Higher Again, And They Might Not Be Done

Posted To: Mortgage Rate Watch Mortgage rates jumped yesterday at the fastest pace in more than 2 months. While that isn’t necessarily the end of the world when a 30yr fixed can still be had in the high 2% range, it wasn’t fun for those with loans in process. Today wasn’t great either. While the […]

MBS RECAP: Why Are MBS Unchanged if Charts Don't Look That Way

Posted To: MBS Commentary Bond Market Breakout is Here (The Bad One) For days–and especially since last Friday–we've been increasingly worried that the 2-month bond rally was running out of steam and at risk of a reversal. The jury was technically out until all of our overhead ceilings were taken out. As of today, they […]

10-year yield hits July highs, here's what to watch

(Please visit the site to view this media) Jeff Kilburg of KKM Financial joins 'Fast Money Halftime Report' to discuss whether there could be a run on rates. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. 10-year yield hits July highs, […]

Rosengren: Lifting restrictions too early hurt the economy and public health

(Please visit the site to view this media) CNBC's Steve Liesman highlights comments from Boston Fed president Eric Rosengren on the state of the economy, the impact of the pandemic and stimulus. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Rosengren: […]

MBS Day Ahead: Classic Technical Breakout Paints Clear(er) Picture For Bonds

Posted To: MBS Commentary There is a ton of uncertainty about rates and the economy in the bigger picture. That uncertainty jives with a broad sideways trend in an all-time low range. But be aware, if we're truly talking about the big picture and broad ranges, most professional bond market pros have a much wider […]

US consumer price index rose 0.6% in July, vs 0.3% increase expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on the July consumer price index. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. US consumer price index rose 0.6% in July, vs 0.3% increase expected US consumer price […]

VOE, Loan Delivery, Lead Source Products; Investor and Lender Changes

Posted To: Pipeline Press Dating in college is a matter of many things. I mention this because I wondered what colleges were recommending about COVID, and the University of Georgia answered that with a student guide to “romance, ” at least for a few days. Go Dawgs! Dating is also impacted by supply and demand, […]

Mortgage Apps on the Rise Again, Driven by Last Week's Low Rates

Posted To: MND NewsWire Refinancing rebooted again last week, driving overall mortgage applications volume higher after two weeks of dwindling volume. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 6.8 percent on a seasonally adjusted basis from one week earlier and was 6 percent higher on an […]