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Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Some Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home. The best way to ensure your home-buying process is a positive one is […]

Busting the Myth About a Housing Affordability Crisis

It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home that matters, but the price relative to a […]

The Benefits of Growing Equity in Your Home

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for […]

American Confidence in Housing at an All-Time High

Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions. Great News! […]

Rent Vs. Own [INFOGRAPHIC]

Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space. Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather […]

Why All the Chicken Littles Should Calm Down

The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership. The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% […]

Appreciation Is Strong: It Might Be Time to Sell

There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment. Home values have been appreciating for several years now, growing at a strong, steady, and impressive […]

How Much Do You Know About Down Payments?

Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these two today. 1. How much do you really need […]

Millionaire to Millennials: The Costly Mistake of Not Buying Now

On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances […]

Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]

Some Highlights: Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June. Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply. Median home prices were up 4.3% […]

How to Judge the Impact of the Next Economic Slowdown on Housing

We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur? Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market […]

Why Now Is the Perfect Time to Sell Your House

As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should I renovate? Should I refinance? Should I stay? Should I move? The list goes on and on. In today’s housing market, it’s actually a great time to shift your thoughts toward selling your […]

How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers. Here are the results from the Q2 2019 Survey: Home values will appreciate by 4.1% in 2019 The average annual appreciation will be […]

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 […]

Americans’ Powerful Belief in Homeownership as an Investment

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

4 Tips to Sell Your Home Faster

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

5 Powerful Reasons to Own Instead of Rent

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

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

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

10 Steps to Buying a Home This Summer [INFOGRAPHIC]

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

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Weird Behavior in Rates Helping Sales; Why is Builder Confidence Good Not Great?

Things have been weird enough for mortgage rates recently that we were forced to add a ” Temporary Note on Mortgage Rate Inconsistency ” to our daily coverage recently. It will likely return before too long, but with a few edits for clarity. Edits will also need to account for days like today, which offered […]

Builder Confidence is Good, But it Could be Better

Posted To: MND NewsWire The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) moved one point higher this month. However, at 66, NAHB’s measure of builder confidence in the new home market stayed within the 64 to 66 range where it has been now for four months. “While 30-year mortgage rates have […]

New Home Sales Expected to Reflect Interest Rate Trend

Posted To: MND NewsWire New home purchases are expected to be significantly higher in July according to data released by the Mortgage Bankers Association (MBA). Its monthly Builder Application Survey (BAS), indicates that applications for new home purchase mortgages increased by 11 percent month-over-month and were up 3.2 percent from July 2018. These estimates do […]

MBS RECAP: Relative Stability + Moderate Losses = MBS Fighting Back

Posted To: MBS Commentary Perhaps more than any other day in the past few weeks, today stood as an example of the mortgage market's ability to put up a fight when the time is right. As we've discussed frequently, they've been getting pummeled by Treasuries as the latter's yields fell to new multi-year lows. MBS […]

This Fed event could be a make or break moment for the markets

(Please visit the site to view this media) Bianco Research's James Bianco believes Fed Chairman's Jerome Powell's comments at Jackson Hole will determine what happens next in the markets. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. This Fed event could […]

Mortgage Rate Weirdness May Be Working in Your Favor Today

Posted To: Mortgage Rate Watch Things have been weird enough for mortgage rates recently that we were forced to add a ” Temporary Note on Mortgage Rate Inconsistency ” to our daily coverage recently. It will likely return before too long, but with a few edits for clarity. Edits will also need to account for […]

The Fed can still help the economy, says Natixis economist Joe LaVorgna

(Please visit the site to view this media) James Camp, managing director of strategic income at Eagle Asset Management, and Joe LaVorgna, chief economist of the Americas at Natixis, join "Squawk Box" to discuss the odds of a recession and the volatility in the markets. …(read more) Forward this article via email:  Send a copy of […]

Former IMF chief economist: Recession risk depends on trade, the Fed

(Please visit the site to view this media) Raghuram Rajan, former governor of the Reserve Bank of India and former IMF chief economist, joins "Squawk on the Street" to discuss the economy and risk of a recession. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

MBS Day Ahead: How Low Can We Go? And Why Mortgage Rates Can't…

Posted To: MBS Commentary 10yr yields rallied aggressively yesterday, and for no reason more compelling than a proverbial "snowball rally compounded by technicals and algorithmic trading." Ugh! I hate typing that stuff. It's annoying to be forced to reduce market movement to what feels like a "couldn't come up with anything better" type of explanation. […]

Rate cuts likely in September as yield curve flashes recession warning

(Please visit the site to view this media) CNBC's Steve Liesman takes a look at what's ahead for the Fed as the yield curve points toward a recession, even as the consumer remains strong. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Consumer sentiment index 92.1 vs. 97 expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on weaker-than-expected consumer sentiment numbers on CNBC's "Squawk on the Street". …(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 92.1 vs. 97 expected Consumer sentiment index […]

Here's how the markets are pricing in a potential rate cut

(Please visit the site to view this media) CNBC's Steve Liesman breaks down what the Fed might do next amid market volatility and recession fears. …(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 markets are pricing in a […]

DPA, Non-QM Products; Deficits, Debt, The Yield Curve, and Mortgage Rates

Posted To: Pipeline Press Some international rates have gone through 0 percent and are now negative. The low rates and high volumes have caused lenders to focus less on long-term planning and more on closing loans. Who can blame them? How would U.S. mortgage rates near 0 percent impact the future refi market for lenders? […]

Boockvar: U.S. consumer is keeping us out of recession

(Please visit the site to view this media) Peter Boockvar, Bleakley Advisory Group Chief Investment Officer & CNBC Contributor, discusses a wild week in trading, global markets, and the risk of recession …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Boockvar: […]

3-Year Low Mortgage Rates; New FHA Rule Makes Condo Buying Easier

Mortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond market gains–not something they’ve been doing very well lately! For some lenders, it was enough to get them back to August 6th’s levels, which were the best in nearly 3 years. The average […]

MBS RECAP: Mortgage Market Starting to Play Like it Wants to Stay In The Game (Finally)

Posted To: MBS Commentary Bonds digested the week's busiest day of economic data, by far, today. But markets in general are only interested in data that changes the economic narrative. Today's only real candidate in that regard would have been a surprisingly weak Retail Sales report. Since we didn't get that (it was stronger), bonds […]

Mortgage Rates Fall Back Down to 3-Year Lows

Posted To: Mortgage Rate Watch Mortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond market gains–not something they’ve been doing very well lately! For some lenders, it was enough to get them back to August 6th’s levels, which were the best in […]

Homebuilder sentiment rose in August, here's why

(Please visit the site to view this media) Low mortgage rates are bringing home buyers back. CNBC's Diana Olick reports on the sentiment in the industry. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Homebuilder sentiment rose in August, here's why […]

Here's how to trade the 10-year after the yield curve inverted for the first time in 12 years

(Please visit the site to view this media) Is the bond market flashing a warning sign? Trading Treasurys now, with CNBC's Eric Chemi and the Futures Now traders, Scott Nations and Jim Iuorio, both at the CME. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

Homebuilder sentiment, mortgage applications rise on low mortgage rates

(Please visit the site to view this media) CNBC's Rick Santelli and Diana Olick report on new economic data on business inventories, homebuilder sentiment and more. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Homebuilder sentiment, mortgage applications rise on low […]

Digital, Reno Products; Originator Survey; FHA Condo Update

Posted To: Pipeline Press Plenty of economists watch builder activity and mood swings as early indicators of future economic health. Builder confidence in the single-family 55+ housing market continued in positive territory in the second quarter of 2018, according to the HMI . We’ve been hearing about skilled labor shortages, lack of buildable land, raw […]

MBS Day Ahead: Active Day For Data

Posted To: MBS Commentary In the day just passed, bond markets primarily reacted to overseas economic data with many of the reports in Europe coming in flat to weaker. Combined with the weakest Chinese manufacturing data in years, it was enough to push bonds through recent resistance levels and to new low yields since 2016. […]

RBC's Cassidy on what makes this yield curve inversion different and more unusual than in the past

(Please visit the site to view this media) Gerard Cassidy of RBC Capital Markets discusses the steep decline in bank stocks, and whether that signals more weakness ahead for the sector. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. RBC's Cassidy […]

New FHA Rule Will Ease Condo Approval Process

Posted To: MND NewsWire The long-waited Federal Housing Administration (FHA) rule regulating condominium lending was finalized Wednesday afternoon. The Department of Housing and Urban Development (HUD), the parent agency of FHA, published the final regulation and the policy implementation guidance establishing a new condominium approval process. As a way of background, under existing rules, to […]

Refi Spree Continues with Rates at Near 3-Year Lows, But Mortgage Market is a Mess; Global Economy Doomed?

The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage application volume, rose 21.7 percent on a seasonally adjusted basis during the week ended August 9. MBA attributed the substantial decline in interest rates at the beginning of the week for the surge of applications which were concentrated on mortgage refinancing. […]

MBS RECAP: Have You Heard The One About Mortgage Underperformance?!

Posted To: MBS Commentary Living under a rock has a lot of advantages: generally low housing cost, durability, no roof maintenance, and if you're strong enough, you have something to throw at anyone who approaches your castle in a threatening way. The disadvantages may be slightly more numerous, but I can only really think of […]

Mortgage Rates Are a Mess!

Posted To: Mortgage Rate Watch Mortgage rates were unchanged for many lenders today which is utterly and completely shocking given the other market developments that tend to coincide with rates moving lower. Specifically, stocks tanked and 10yr Treasury yields plummeted to the lowest levels since September 2016. For anyone under the impression that 10yr yields […]

Moody's Analytics' Zandi: Housing market 'treading water', here's why

(Please visit the site to view this media) The supply of newly built homes for sale dropped for the first time in six years. Mark Zandi, Moody's chief economist, and CNBC's Diana Olick join 'The Exchange' to discuss how housing is doing during the sell-off. …(read more) Forward this article via email:  Send a copy of […]

Trade deal and Fed puts on the market expired a few weeks ago: Morgan Stanley's Mike Wilson

(Please visit the site to view this media) Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, and Liz Young, BNY Mellon director of market strategy, join 'Fast Money Halftime Report' at the NYSE to discuss the state of the markets after the yield curve inverted. …(read more) Forward this article via email:  Send a […]

Recession hinges on the labor market: Morgan Stanley's Mike Wilson

(Please visit the site to view this media) Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, joins 'Fast Money Halftime Report' at the NYSE to discuss the state of the markets after stocks fell on recession fears. …(read more) Forward this article via email:  Send a copy of this story to someone you know […]