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! 

How Much “Housing Wealth” Can You Build in a Decade?

Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. Below are three graphs depicting the most important data revealed in the study. How much […]

Thinking of Selling? Now May Be the Time.

The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership […]

Entry-Level Homeowners Are in the Driver’s Seat

One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. In addition, […]

Opportunity in the Luxury Market This Year

Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from […]

Interest Rates Over Time [INFOGRAPHIC]

Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The impact your interest rate has on your monthly mortgage payment is significant. […]

The #1 Misconception in the Homebuying Process

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:  “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned […]

The Many Benefits of Aging in a Community

There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not […]

How Trusted Professionals Make Homebuying Easier to Understand

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help […]

The Overlooked Financial Advantages of Homeownership

There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for […]

Top Reasons to Love Homeownership [INFOGRAPHIC]

Some Highlights: There are many benefits to love about homeownership, and they’re not all financial. Being a part of a neighborhood, driving academic achievement, and improving mental health are just a few of these advantages. Let’s get together today to determine if you’re ready to embrace the rewards of owning your own home. Top Reasons […]

How the Housing Market Benefits with Uncertainty in the World

It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains, […]

The #1 Reason to List Your House Right Now

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident […]

Homeownership Rate on the Rise to a 6-Year High

Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below: This increase does not come as […]

How Pricing Your Home Right Makes a Big Difference

Even though there’s a big buyer demand for homes in today’s low inventory market, it doesn’t mean you should price your home as high as the sky when you’re ready to sell. Here’s why making sure you price it right is key to driving the best price for the sale. If you’ve ever watched the show […]

The Top States Americans Moved to Last Year [INFOGRAPHIC]

Some Highlights: Americans are on the move, and the most recent Atlas Van Lines Migration Patterns Survey tracked the 2019 traffic flow from state-to-state. Idaho held on to the top spot of ‘high inbound’ states for the second time since 2017, followed by Washington State. New York was the country’s outbound move leader in 2019, […]

Great News for Renters Who Want to Buy a Home

Rents in the United States have been skyrocketing since 2012. This has caused many renters to face a tremendous burden when juggling their housing expenses and the desire to save for a down payment at the same time. The recent stabilization of rental prices provides a great opportunity for renters to save more of their […]

Does “Aging in Place” Make the Most Sense?

A desire among many seniors is to “age in place.” According to the Senior Resource Guide, the term means, “…that you will be remaining in your own home for the later years of your life; not moving into a smaller home, assisted living, or a retirement community etcetera.” There is no doubt about it – […]

How to Avoid a Gender Gap When Investing in the Housing Market

When buying a home, we all want to feel like we’re making the right decision, paying a fair price, and making the best investment of our lives. According to a recent gender-based study, men and women can unknowingly walk away with very different financial outcomes when the deal closes. Thankfully, if you follow some simple […]

Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey

When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough […]

3 Expert Insights On Inventory In The Current Market

The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year. There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases […]

Home Prices Up 5.05% 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 5.05% Across the Country [INFOGRAPHIC] […]

3 Powerful Reasons to Buy a Home Now

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today. 1. Affordability Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past […]

Mid-Year Housing Market Update: Three Things to Know Today

Shifting trends and industry-leading research are pointing toward some valuable projections about the status of the housing market for the rest of the year. If you’re thinking of buying or selling, or if you just want to know what experts are saying is on the horizon, here are the top three things to put on […]

What Experts are Saying About the Current Housing Market

We’re halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019. Here’s what some have to say: Danielle Hale, Chief Economist at realtor.com “Lower mortgage rates, higher wages and more homes for sale […]

Is Renting Right for Me?

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize. According to the 2018 Bank of America Homebuyer Insights Report, 74% of […]

The Surprising Profile of the Real Estate Investor

Over 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors? Many have speculated that the large institutional conglomerates such as Blackstone, American Homes 4 Rent, and Colony Starwood dominate investor purchases. However, a special report on investor home buying by CoreLogic, Don’t Call it a […]

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 […]

Nothing Found

Sorry, no posts matched your criteria

Fed's Powell: US fundamentals remain strong, but coronavirus poses evolving risk to outlook

(Please visit the site to view this media) Federal Reserve chairman Jerome Powell just released a statement on how the Fed will respond if the coronavirus outbreak worsens. 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. Fed's […]

Don't see a recession, but I do see a severe reaction over next few months: Pro

(Please visit the site to view this media) Lee Munson, Portfolio Asset Management CIO, joins 'Power Lunch' to discuss if he sees a recession following the coronavirus outbreak. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Don't see a recession, but […]

Kudlow: Don't think market's plunge will have long-term effect

(Please visit the site to view this media) Larry Kudlow takes reporter questions on the White House's response to the coronavirus outbreak. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Kudlow: Don't think market's plunge will have long-term effect Kudlow: Don't […]

Refinances Dominated Freddie Mac January Volume

Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.3 percent in January , a substantial change from the 15.2 percent gain in December. The portfolio balance at the end of the period was $2.339 trillion compared to $2.331 trillion at the end of […]

MBS Day Ahead: All About Mortgages/MBS Underperforming vs Treasuries

Posted To: MBS Commentary This post will focus mostly on the charts, which many of you have requested, as I need to turn my focus toward a few other things (especially when it comes to giving you a more thorough and tangible piece to share with your clients). Long story short, mortgages totally suck right […]

Home Equity Preferences as a Factor of Age and Race

Posted To: MND NewsWire A recent post on the Urban Institute’s (UI’s) Urban Wire blog focuses on some overlooked data on FHA’s Home Equity Conversion Mortgage (HECM) program. The program guarantees loans, commonly called reverse mortgages, for homeowners 62 years and older. These loans allow homeowners to withdraw the equity from their home, either in […]

LO Jobs; Broker, Credit, Compliance Products; Coronavirus Continues to Drive Markets

Posted To: Pipeline Press We’re almost at the end of February already. Mortgage bankers are funding loans, throwing axes, working overtime, learning about skydiving, all kinds of things! In a little over a week (March 8) many states will change their clocks, “springing forward” and once again people will wonder, after “losing” an hour, why […]

Former Fed Governor Warsh: Fed should coordinate with global central banks

(Please visit the site to view this media) Kevin Warsh, former Fed governor who is now serving as the Shepard Family Distinguished Visiting Fellow in Economics at Stanford University's Hoover Institution, joins "Squawk Box" to discuss his recent Wall Street Journal opinion piece titled "The Fed can't wait to respond to the coronavirus." …(read more) […]

Zox: We're probably in a liquidity recession right now in the corporate bond market

(Please visit the site to view this media) Bill Zox of Diamond Hill Capital Management discusses why there's been such a stark move in investment grade and high-yield bonds in concert with the declines in the broader markets. …(read more) Forward this article via email:  Send a copy of this story to someone you know that […]

nCov Helping Rates, But Could it Hurt Housing?

Pending home sales bounced back last month after an unexpectedly dismal performance ended the prior year. The National Association of Realtors ® said its Pending Home Sales Index (PHSI), which had dropped 4.9 percent to 103.2 in December, posted a 5.2 percent increase last month to a reading of 108.8. This is 5.7 percent higher […]

MBS RECAP: 4 Year Prophecy Fulfilled; Now What?

Posted To: MBS Commentary 10yr yields were as low as 1.24% and ended the day at 1.27% after a decent amount of volatility. MBS gained almost a quarter point, but mortgage lenders did not generally improve rate sheets by that much (and some not at all). Back in the day (but not too far…), it […]

Coronavirus may be housing headwind: Economist

(Please visit the site to view this media) CNBC's "Power Lunch" team discusses housing with Mark Fleming of First American and CNBC's Diana Olick. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Coronavirus may be housing headwind: Economist Coronavirus may be […]

Lowest Rates in 8 Years, But All Kinds of Disclaimers

Posted To: Mortgage Rate Watch Mortgage rates hit the lowest levels in 8 years either today or yesterday, depending on the lender, just narrowly edging out the rates seen in early July 2016. There are multiple caveats, however. First off, lenders are responding to recent market movements in different ways. Some lenders move down faster […]

CA Governor Newsom: We are working with CDC to expand testing

(Please visit the site to view this media) California Gov. Gavin Newsom said Thursday the state is currently monitoring 8,400 people for COVID-19, a day after health officials confirmed the first community transmission of the coronavirus in a Solano County resident. CNBC's Meg Tirrell reports. …(read more) Forward this article via email:  Send a copy of […]

Fed's Evans: Premature to give coronavirus guidance without more data

(Please visit the site to view this media) Chicago Federal Reserve Bank President Charles Evans said it was too soon to say if the U.S. growth forecast would be lowered due to the coronavirus outbreak. CNBC's Steve Liesman reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know […]

Market getting ahead of itself, is dependent on Fed: Fisher

(Please visit the site to view this media) Richard Fisher, former Dallas Federal Reserve president, calls into 'Fast Money Halftime Report' to discuss if the Fed should react to the coronavirus outbreak and how the economy could respond. …(read more) Forward this article via email:  Send a copy of this story to someone you know that […]

Pending home sales jump 5.2% in January, vs. 2% expected

(Please visit the site to view this media) CNBC's Diana Olick reports on the latest pending home sales data for the month of January 2020. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Pending home sales jump 5.2% in January, vs. […]

Fed most likely will cut rates in a risk averse move, researcher says

(Please visit the site to view this media) Allison Schrager, senior fellow at the Manhattan Institute, joins "Squawk Box" to discuss U.S. growth and the potential impact of the coronavirus outbreak. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed most […]

Home Sales Crushed Expectations And Are Now Near a 2 Year High

Posted To: MND NewsWire Pending home sales bounced back last month after an unexpectedly dismal performance ended the prior year. The National Association of Realtors ® said its Pending Home Sales Index (PHSI), which had dropped 4.9 percent to 103.2 in December, posted a 5.2 percent increase last month to a reading of 108.8. This […]

MBS Day Ahead: Don't Expect Mortgage Rates to be Thrilled

Posted To: MBS Commentary Good morning. 10yr yields are in the 1.2's. All-time lows. We follow MBS and the 10yr Treasury yield (and other rates, when relevant) here. The focus is on the 10yr for THESE REASONS . Today will be "interesting" then, because mortgage rates aren't going to do what the 10yr is suggesting. […]

LO Jobs; Pooling, Non-QM, Appraisal Products; CFPB, Audit, Exams, and Compliance News

Posted To: Pipeline Press I was telling my cat Myrtle that U.S. lenders are continuing to bask in the glow of a great 2019 and a start to 2020 (with March and April now looking very good, given rates), but that one of the big worries is about branches and referral partners being picked off, […]

US new home sales surge to 12.5-year high in January

(Please visit the site to view this media) The Commerce Department said on Wednesday new home sales jumped 7.9% to a seasonally adjusted annual rate of 764,000 units last month, the highest level since July 2007. Housing market strength could help keep the economic expansion, now in its 11th year, on track. The sector, which […]

New Home Sales Hit Highest Levels Since 2007

Posted To: MND NewsWire New home sales had ended 2019 in a much stronger fashion than they had started the year. December sales were at an annual rate of 708,000 (a revision from the initial estimate of 694,000) and running more than 23 percent above sales a year earlier. With Wednesday’s sales report from the […]

MBS Day Ahead: Past Examples of Trips to All-Time Yield Lows

Posted To: MBS Commentary 2012 was almost all about the European systemic crisis, although doubts remained about the US economic lift-off as well. All of the above played out against the background of a generally supportive Federal Reserve. In the summertime, QE was in one of its off cycles and traders increasingly began to expect […]

Total mortgage applications rise 1.5% for the week

(Please visit the site to view this media) CNBC's Diana Olick joins "Squawk Box" with the latest mortgage application numbers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Total mortgage applications rise 1.5% for the week Total mortgage applications rise 1.5% […]

Sales, Language, Broker Tools; GSE Reform Continues; Two 2020 Fed Cuts?

Posted To: Pipeline Press Remember the concerns of chaos prior to the UK leaving the European Union? Despite Brexit, the average London house prices increased 2.3% in 2019, the highest since 2017. In the rest of England, home prices were up 2.2% y/y. In this country, lenders’ pipelines are swamped as a surge in coronavirus […]

Mortgage Applications Calm Before The Storm?

Posted To: MND NewsWire There was a new round of interest rate cuts during the week ended February 21, but consumers largely ignored the additional potential for refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage volume, increased by 1.5 percent from the previous week on an unadjusted basis, […]

Strategist says Fed's comments contributed to market sell-off

(Please visit the site to view this media) David Zervos, Chief Market Strategist at Jefferies, joins 'Closing Bell' to discuss markets. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Strategist says Fed's comments contributed to market sell-off Strategist says Fed's comments […]

Toll Brothers Q1 earnings: $0.41 EPS vs. $0.45 estimated

(Please visit the site to view this media) CNBC's Diana Olick reports quarterly earnings for Toll Brothers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Toll Brothers Q1 earnings: {$permalink}.41 EPS vs. {$permalink}.45 estimated Toll Brothers Q1 earnings: {$title}.41 EPS vs. […]

Mortgage Rates Are Low, But They're Not Falling as Fast as The 10yr

Posted To: Mortgage Rate Watch Mortgage rates have been putting on a rather frustrating and exciting show in the month of February. On the one hand, they’re at their lowest levels since 2012 and are off to their strongest start of any year on record. On the other hand, they’re not nearly as low as […]