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Home Is Where the Heart Is [INFOGRAPHIC]

Some Highlights There’s no doubt about it: homeowners love their homes, and that feeling has become even more important over the past year. The vast majority of homeowners say they’re emotionally attached to their home and that it has kept them safe during the COVID-19 pandemic. Owning a home provides a sense of safety, security, […]

Why This Is a Great Year to Sell Your Vacation Home

As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports: “Second homes (i.e., […]

93% of Americans Believe a Home Is a Better Investment Than Stocks

A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe a home is a better investment […]

Some Buyers Prefer Smaller Homes

Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares: “The very nature of the pandemic, through the health implications, social distancing, […]

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance […]

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are […]

Homeownership Is Full of Financial Benefits

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement 87% – the best investment plan […]

Latest Jobs Report: What Does It Mean for You & the Housing Market?

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you? Our lives are deeply impacted by our nation’s economy. The […]

Don’t Sell on Your Own Just Because It’s a Sellers’ Market

In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up […]

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans […]

Buyer Competition Is Good News for Sellers [INFOGRAPHIC]

Some Highlights With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and […]

There’s No Reason To Panic Over Today’s Lending Standards

Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance programs are causing […]

Is Homeownership Still Considered Part of the American Dream?

Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many […]

How a Change in Mortgage Rate Impacts Your Homebuying Budget

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased […]

What It Means To Be in a Sellers’ Market

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to […]

2021 Real Estate Myth Buster [INFOGRAPHIC]

Some Highlights There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 housing market. Let’s connect to discuss your needs and so you can […]

Buyer & Seller Perks in Today’s Housing Market

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to […]

Why You Should Think About Listing Prices Like an Auction’s Reserve Price

For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price […]

Should We Fear the Surge in Cash-Out Refinances?

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one […]

What Credit Score Do You Need for a Mortgage?

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for […]

Americans See Major Home Equity Gains [INFOGRAPHIC]

Some Highlights Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your equity toward a down payment on the home of your […]

To Renovate or Not To Renovate Before You Sell

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to […]

What Is the Strongest Tailwind to Today’s Recovering Economy?

Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two […]

What Is the #1 Financial Benefit of Homeownership?

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is […]

How to Make a Winning Offer on a Home

Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical […]

How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC]

Some Highlights With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in the homebuying process. If you’re looking […]

Will the Housing Market Bloom This Spring?

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will […]

6 Simple Graphs Proving This Is Nothing Like Last Time

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance […]

How Upset Should You Be about 3% Mortgage Rates?

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up […]

5 Reasons to Sell Your House This Spring

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to […]

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Biggest Construction Boom Since 2006; Best 2 Weeks For Rates in a Year

Residential construction recovered in March after a serious decline the prior month. The U.S. Census Bureau and Department of Housing and Urban Development said all three measures rose, with housing starts hitting a 15 year high . Some regional increases topped 100 percent. Permits for residential construction were issued at a seasonally adjusted annual rate […]

MBS RECAP: Still a Decent Week Despite Friday Slide

Posted To: MBS Commentary Still a Decent Week Despite Friday Slide Thursday morning was exceptionally strong for bonds–perhaps too strong, with too much influence from artificial factors like short-covering and tech-triggered algos. Today's modest weakness reinforces a more sober assessment of the recent trend, and although rates aren't as low as yesterday, that trend is […]

Best 2 Weeks For Rates in Nearly a Year

Posted To: Mortgage Rate Watch The bond market has been pointing toward higher rates since last August. Mortgage rates were able to defy that trend at first, but finally began spiking in the new year. February and March were two of the worst back-to-back months in years. The higher rates went, the more likely it […]

Big bull call on the homebuilders

(Please visit the site to view this media) The "Halftime Report" traders debate Wells Fargo's bullish call on the homebuilders …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Big bull call on the homebuilders Big bull call on the homebuilders

Fed Gov. Waller: Inflation could run at 2.5% for 2021

(Please visit the site to view this media) Federal Reserve governor Christopher Waller joins CNBC's Steve Liesman to discuss the economy and the Fed's response to the pandemic. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed Gov. Waller: Inflation could […]

Housing Starts Reach Highest Levels Since 2006

Posted To: MND NewsWire Residential construction recovered in March after a serious decline the prior month. The U.S. Census Bureau and Department of Housing and Urban Development said all three measures rose, with housing starts hitting a 15 year high . Some regional increases topped 100 percent. Permits for residential construction were issued at a […]

COVID-19 Forbearance Decline Hits Mid-Month Lull

Posted To: MND NewsWire There was little change in the number of active forbearance plans over the past week, but Black Knight reminds, in its regular Friday report, that this it was simply another mid-month lull as servicers finished processing the prior month’s expired plans. Even so, the number of plans did decline for the […]

New Home Purchase Applications Ramping up for Spring

Posted To: MND NewsWire True to tradition, new home sales appear to have moved higher in March as the calendar closed in on the start of the spring market. The Mortgage Bankers Association (MBA) estimates sales of newly constructed homes increased by 7 percent compared to February and are 12 percent higher than a year […]

Lock Desk, MLO, Underwriter Jobs; POS, Workflow, Digital Tools; Agency's Trend: Not Our Friend?

Posted To: Pipeline Press Suddenly everyone’s ruminating on upcoming mergers and acquisitions (and there will definitely be some), but in the lower management ranks, lenders are already shifting their hiring practices , and taking a careful measure of production and productivity. Will we ever run out things to measure? The median age (half above, half […]

The 9am Bond Report – April 16, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9am Bond Report – April 16, 2021 The 9am Bond Report – April 16, 2021

MBS Day Ahead: This Is The Shift. Now It's About Time and Scope

Posted To: MBS Commentary For virtually all of 2021 (and much of Q4 2020), we've been tracking an uptrend in Treasury yields. As the overall move grew to a size rarely seen in the past few decades, we were increasingly eager to see a token correction for technical reasons (i.e. selling sprees can hibernate or […]

March housing starts surged 19.4%, vs 14% increase expected

(Please visit the site to view this media) The Commerce Department said March housing starts surged 19.4%, beating estimates. Building permits gained 2.7%, falling short of expectations. CNBC's Rick Santelli and Diana Olick break down the data. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

Dip in 10-year Treasury yield seems to be technically driven, strategist says

(Please visit the site to view this media) The Dow closed at a new all-time high Thursday at the same time interest rates fell. Gabriela Santos, global market strategist at J.P. Morgan Asset Management, and Jake Walthour, CEO and co-founder of Blueprint Capital Advisors, joined "Squawk Box" on Friday to discuss whether it's time for […]

Lowest Rates in Weeks; Buyer Demand Provides Modest Boost to Builder Confidence

New home builders seem to be slowly getting their mojo back. After recovering from the hit they took in the first days of the pandemic, they encountered labor shortages, supply chain issues, and rising material costs. The National Association of Home Builders (NAHB) said that builder confidence in the new home market, driven by strong […]

Mortgage Rates Falling Quickly to Lowest Levels in Weeks

Posted To: Mortgage Rate Watch It’s no secret that mortgage rates had a rough month in March and a rough year in general. The average lender raised 30yr fixed rates by roughly half a percent in February and March alone. But April has proven to be an entirely different sort of month so far. In […]

Brokers warn that Florida real estate market is overheated

(Please visit the site to view this media) CNBC's Robert Frank reports on how the real estate market in Florida could be signaling a possible slowdown as supply fails to meet the demand for houses. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to […]

Estimated tax payments are still due on April 15: IRS

(Please visit the site to view this media) CNBC's Sharon Epperson breaks down how tax day has been extended and what that means for taxpayers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Estimated tax payments are still due on April […]

MBS RECAP: Snowball Rally For Bonds! Why? And What Next?

Posted To: MBS Commentary Snowball Rally For Bonds! Why? And What Next? Heading into today, we expected the bond market to ignore potentially stronger Retail Sales data. Not only did bonds overlook the big beat (9.8 vs 5.9 f'cast), but they actually rallied in response. This was made all the more remarkable by the presence […]

CNBC's All-America Economic Survey: Respondents split on whether now's the time to invest

(Please visit the site to view this media) CNBC's Steve Liesman reports on the results from CNBC's All-America Economic Survey and whether now is a good or bad time to invest. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. CNBC's All-America […]

Stocks rise after Big Banks release strong quarterly earnings

(Please visit the site to view this media) U.S. stocks climbed to record levels on Thursday after Big Banks reported strong earnings. Shares of Citigroup climbed 2 percent after the bank posted results that beat analysts' estimates for first-quarter profit. Bank of America shares rose as earnings last quarter blew past the Street on booming […]

Buyer Demand Provides Modest Boost to Builder Confidence

Posted To: MND NewsWire New home builders seem to be slowly getting their mojo back. After recovering from the hit they took in the first days of the pandemic, they encountered labor shortages, supply chain issues, and rising material costs. The National Association of Home Builders (NAHB) said that builder confidence in the new home […]

AE, Ops, Sales Jobs; Sec. Mktg., NOI, QC, Diversity Products; NewRez/Caliber Deal; Servicing Retention Study

Posted To: Pipeline Press There are some clever people out there, especially when it comes to satisfying demand . Lenders know that mortgage pricing is a function of supply and demand. If one investor doesn’t want your non-owner loans, for example, some other investor will, whether it is a Wall Street private label or a […]

Single-family construction growth to slow in 2021, says National Association of Home Builders

(Please visit the site to view this media) CNBC's Diana Olick reports on builder sentiment and lumber prices. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Single-family construction growth to slow in 2021, says National Association of Home Builders Single-family construction […]

The 9am Bond Report – April 15, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9am Bond Report – April 15, 2021 The 9am Bond Report – April 15, 2021

MBS Day Ahead: Twilight Zone: Strong Econ Data = Big Bond Rally

Posted To: MBS Commentary Heading into today, we expected the bond market to ignore potentially stronger Retail Sales data. Not only did bonds overlook the big beat (9.8 vs 5.9 f'cast), but they actually rallied in response. This was made all the more remarkable by the presence of 3 other better-than-expected economic reports that came […]

Initial jobless claims come in at 576,000, lowest since early days of pandemic

(Please visit the site to view this media) First-time filings for unemployment insurance plunged with the Labor Department reporting 576,000 new jobless claims for the week ended April 10. It's the lowest total since the early days of the Covid-19. CNBC's Rick Santelli and Steve Liesman report. …(read more) Forward this article via email:  Send a […]

Freddie Mac Sees Rates and Prices Leveling Off Through 2022; Purchases Overtake Refis; Applications Decline

Freddie Mac’s Economic and Housing Research Group finds a lot to like in the present economic environment. . The company’s quarterly forecast credits the increasing availability of COVID-19 vaccines and the easing of virus related restrictions, the passage of the American Rescue plan and its cash stimulus for households, as setting the stage for economic […]

MBS RECAP: Super Sideways Ahead of Retail Sales

Posted To: MBS Commentary Super Sideways Ahead of Retail Sales Retail Sales used to be a big ticket report, but like so many others, has been punching well below its weight post-covid. That will change at some point. We could see vague hints of that change as early as tomorrow. Either way, those mere hints […]

Freddie Mac Sees Rates and Prices Leveling Off Through 2022

Posted To: MND NewsWire Freddie Mac’s Economic and Housing Research Group finds a lot to like in the present economic environment. . The company’s quarterly forecast credits the increasing availability of COVID-19 vaccines and the easing of virus related restrictions, the passage of the American Rescue plan and its cash stimulus for households, as setting […]

Purchases Now Account For a Majority of New Mortgages

Posted To: MND NewsWire Black Knight has launched a new monthly report covering mortgage origination activity as gathered through its Optimal Blue loan product and pricing engine. The company says its Originations Market Monitor will publish a series of key indicators drawn from Optimal Blue data as well as secondary market insight from Black Knight’s […]