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Is the Health Crisis Driving Buyers Out of Urban Areas?

The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open […]

A Historic Rebound for the Housing Market

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A […]

Are New Homes Going to Be Available to Buy This Year?

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be […]

What Are Experts Saying About the Rest of 2020?

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. […]

Think You Should For Sale By Owner? Think Again [INFOGRAPHIC]

Some Highlights  For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, […]

New Index Reveals Impact of COVID-19 on Real Estate

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home […]

Should We Be Looking at Unemployment Numbers Differently?

The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s […]

What Are the Experts Saying About Future Home Prices?

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […]

Homebuyers Are in the Mood to Buy Today

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s […]

7 Strategies for a 2020 Open House [INFOGRAPHIC]

Some Highlights Buyer interest is high right now, so this summer is a great time to sell your house. Here are 7 strategies to help make your house showing a safe and effective one. Let’s connect today to get your house on the market while buying is hot. 7 Strategies for a 2020 Open House […]

Want to Make a Move? Homeowner Equity is Growing Year-Over-Year

One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain. The report notes: “CoreLogic […]

Is the Economic Recovery Already Underway?

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of […]

Three Reasons Homebuyers Are Ready to Purchase This Year

A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see […]

Real Estate Tops Best Investment Poll for 7th Year Running

Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained: “Real estate remains […]

Summer is the New Spring for Real Estate [INFOGRAPHIC]

Some Highlights The health crisis slowed the market this spring, so buyers are jumping back into the market to make their moves this summer. Check these 10 items off your to-do list so your house is ready to sell while buying is hot! Let’s connect today to prepare your house for the sizzling summer market. […]

Are You Ready for the Summer Housing Market?

As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the […]

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and […]

Real Estate Will Lead the Economic Recovery

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the […]

The Shocking News in the Unemployment Report

Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate […]

National Homeownership Month [INFOGRAPHIC]

Some Highlights National Homeownership Month is a great time to reflect on how we can each promote stronger community growth. Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities. Let’s connect today if homeownership is part of your future plans. National Homeownership Month [INFOGRAPHIC] […]

Three Things to Understand About Unemployment Statistics

Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers represent families across the nation that are not sure when (or if) they will return to […]

Is it Time to Sell Your Vacation Home?

The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will take for summer travelers to be back in action and for the industry to fully recover. Homeowners who rent their secondary properties on their own or through programs […]

Home Prices: It’s All About Supply and Demand

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come. Making our way through the month of […]

The Benefits of Homeownership May Reach Further Than You Think

More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are […]

Economists Forecast Recovery to Begin in the Second Half of 2020

With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are […]

Why This Summer Is the 2020 Real Estate Season

With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new […]

Buying or Selling a Home? You Need an Expert Kind of Guide

In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate through the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to […]

We Remember & Honor Those Who Gave All

We remember, today and always. We Remember & Honor Those Who Gave All We Remember & Honor Those Who Gave All

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]

Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Let’s connect to determine the best way to position yourself for a move in today’s market. Interest […]

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to […]

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Record-Breaking Job Gains Would Normally Hurt Rates, But…

This week’s economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates pushed down to new all-time lows yet again. But at what cost? The most pessimistic way to explain the surge in home sales is to say it was only made possible by the […]

MBS RECAP: Record-Breaking Job Gains, But Bonds Ultimately Improve

Posted To: MBS Commentary Record-Breaking Job Gains, But Bonds Ultimately Improve Last month's jobs report shattered records, both for the outright level of job creation and for the gap between job growth and forecasts. While today's job count was even bigger (+4.8 million versus 2.699m last month), it wasn't as far above the forecast consensus […]

Huge Housing Rebound, All-Time Low Rates, But At What Cost?

Posted To: Mortgage Rate Watch This week’s economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates pushed down to new all-time lows yet again. But at what cost? The most pessimistic way to explain the surge in home sales is to say it was […]

Four experts break down the blowout June jobs report

(Please visit the site to view this media) Austan Goolsbee, professor at the University of Chicago Booth School and former chairman of the Council of Economic Advisors, Glenn Hubbard, Columbia Business School professor and former CEA chairman, and Nada Eissa, Georgetown professor and former Deputy Assistant Treasury Secretary for economic policy, and CNBC's Steve Liesman […]

U.S. economy adds 4.8 million jobs in June, vs expected increase of 2.9 million

(Please visit the site to view this media) CNBC's Steve Liesman and CNBC's Rick Santelli report the latest employment data, including weekly jobless claims for week ending June 27 and the June jobs report. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Anti-fraud, DPA, HMDA Products; Non-QM News in Primary and Secondary Markets

Posted To: Pipeline Press Lenders continue to count the piles of doubloons they booked during another record-breaking month; will July be another? M&A deals are still simmering out there, but when profits are “en fuego” and July is looking strong with full pipelines, it can be tough for a fortunate owner to sell. Think of […]

MBS Day Ahead: Early Close and Another (Potentially) Record-Breaking Jobs Report

Posted To: MBS Commentary Last month's jobs report shattered records, both for the outright level of job creation (2.509m) and for the gap between job growth and forecasts. In fact, we won't likely see a gap that big, ever. We may, however, see a bigger month of job creation, and if economic forecasters are right, […]

Fed's Bullard warns of financial crisis risks

(Please visit the site to view this media) The "Squawk Box" crew talk about several of the morning's top stories. …(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 Bullard warns of financial crisis risks Fed's Bullard warns of financial crisis […]

Purchase Mortgage Applications Fall Again as Inventory Dries Up; Rates Staying Low

Applications for both refinancing and purchase mortgages retreated last week , pulling the Mortgage Bankers Associations (MBA’s) Market Composite Index lower for the second time in as many weeks. MBA said the index, a measure of application volume, declined by 1.8 percent on a seasonally adjusted basis during the week ended June 26 and was […]

Rates at All-Time Lows Ahead of Important Jobs Data

Posted To: Mortgage Rate Watch Mortgage rates were generally unchanged today, thus leaving the average lender at all-time lows for conventional 30yr fixed scenarios. It continues to be the case that loan scenarios with additional risk factors have NOT seen nearly as much improvement as those in the top tier. In general, however, things are […]

MBS RECAP: Limited Reaction to Headlines and Fed Minutes

Posted To: MBS Commentary Limited Reaction to Headlines and Fed Minutes After a quiet trading day yesterday, today proved to be even quieter. That said, bonds were still willing to react to covid headlines and the Fed meeting minutes, albeit just barely enough to notice. Econ Data / Events 11:30-11:50 AM (ET) – Fed 30yr […]

Fed Meeting Minute Bullet Points: What's Yield Curve Control?

Posted To: MBS Commentary The minutes from the most recent Fed meeting were released today. While there's not much left to be said when they've already been so clear about keeping rates low for a long time, we did get a few new thoughts about "yield curve control." That would basically entail the Fed buying […]

Some unintentional consequences with Fed holding rates artificially low: Angel Oak's Navid Abghari

(Please visit the site to view this media) Navid Abghari, senior portfolio manager at Angel Oak Capital Advisors, and Tom Porcelli, U.S. economist at RBC Capital Markets, join 'Power Lunch' to discuss the minutes from the latest Federal Reserve meeting and what it means for the market. …(read more) Forward this article via email:  Send a […]

Lawrence Lindsey: There's enormous pent-up demand in the U.S. economy

(Please visit the site to view this media) CNBC's Kelly Evans is joined by Larry Lindsey of The Lindsey Group to break down the shape of recovery and what he predicts for the 2020 Presidential Election. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want […]

ISM manufacturing index higher than expected at 52.6

(Please visit the site to view this media) CNBC's Rick Santelli reports on the latest round of economic data as Q3 begins. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. ISM manufacturing index higher than expected at 52.6 ISM manufacturing index […]

Private payrolls rise 2.37 million in June, ADP reports

(Please visit the site to view this media) Private payrolls rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP. 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 […]

MBS Day Ahead: Economic Data Ramps Up Ahead of Week's Early Close

Posted To: MBS Commentary After a very slow start on Monday, yesterday's month-end trading session proved to be more consequential for Treasuries with yields ultimately rising enough to make it back to the doorstep of the uptrend they'd broken out of only 2 days prior. A picture is worth more than a sentence in that […]

Mortgage applications fall for second straight week

(Please visit the site to view this media) CNBC's Diana Olick reports the latest housing data amid the Covid-19 pandemic. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Mortgage applications fall for second straight week Mortgage applications fall for second straight […]

Purchase Apps Retreat Again as Inventory Dries Up

Posted To: MND NewsWire Applications for both refinancing and purchase mortgages retreated last week , pulling the Mortgage Bankers Associations (MBA’s) Market Composite Index lower for the second time in as many weeks. MBA said the index, a measure of application volume, declined by 1.8 percent on a seasonally adjusted basis during the week ended […]

Home Prices "Remarkably Stable" in April; Record Month For Rates

Home prices continued to hold up on a national basis in April. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, reported a 4.7 percent annual gain in April, up from 4.6 percent in March. The National Index posted a 1.1 percent month-over-month increase before seasonal adjustment and an […]

MBS RECAP: Surprisingly Quiet Quarter-End Trading. No Objections Here

Posted To: MBS Commentary Surprisingly Quiet Quarter-End Trading. No Objections Here The last trading day of any given month (especially if it's also the end of a quarter) can often see elevated volatility without any obvious motivation (here's why). While that was sort of the case for Treasuries today, even they were fairly calm in […]

Best Month Ever For Mortgage Rates

Posted To: Mortgage Rate Watch Mortgage rates managed another slight improvement today, which means the average lender is offering new all-time low rates for the 4th time this month. Even if rates had lurched unexpectedly higher today, June still would have gone down as the best month in the history of the mortgage market with […]

Powell: Fed committed to using all tools available

(Please visit the site to view this media) Federal Reserve chairman Jerome Powell and Treasury Secretary Steven Mnuchin testify on the coronavirus response. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Powell: Fed committed to using all tools available Powell: Fed […]

Consumer confidence index comes in better than expected in June

(Please visit the site to view this media) CNBC's Rick Santelli breaks down the latest read on consumer confidence, which beat expectations. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Consumer confidence index comes in better than expected in June Consumer […]

Home Prices "Remarkably Stable" in April

Posted To: MND NewsWire Home prices continued to hold up on a national basis in April. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, reported a 4.7 percent annual gain in April, up from 4.6 percent in March. The National Index posted a 1.1 percent month-over-month increase before […]

Servicing, Inspection, Loss-mit Products; CFPB's Structure to Change; Ginnie Adjusts Pooling Requirements

Posted To: Pipeline Press Some days you don’t learn much, other days you learn a lot (skip the ad). We’ve learned that COVID is driving our economy, not fundamental economic news, and at this point virologists have better forecasts than economists. Appearing with Treasury Secretary Mnuchin today before Congress, it is believed that Fed Chairman […]

Paychex small business report indicates employment is steady in June

(Please visit the site to view this media) Small business activity is an important indicator of the overall direction of the economy. The latest small business employment report from Paychex showing that employment held steady in June and weekly earnings improved as Main Street opened back up. Marty Mucci, CEO of Paychex, joins "Squawk Box" […]

Record Surge in Pending Home Sales; Rates Staying Near Record Lows

Lawrence Yun, chief economist for the National Association of Realtors® (NAR), predicted last month that April’s home sales contract activity “will be the lowest point for pending sales.” That turns out to have been a huge understatement–at least for now. This morning’s release of NAR’s Pending Home Sales Index (PHSI) showed the number of those […]

Powell: Recovery path is 'extraordinarily uncertain'

(Please visit the site to view this media) CNBC's Dominic Chu reports Fed Chairman Jerome Powell's comments on the economy. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Powell: Recovery path is 'extraordinarily uncertain' Powell: Recovery path is 'extraordinarily uncertain'

Mortgage Rates Continue at All-Time Lows, But Caveats Remain

Posted To: Mortgage Rate Watch Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders are slightly higher than they were on Friday. Either way, the movement was minimal over the weekend. Beyond that, no conversation about all-time low rates would be […]