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Have You Budgeted for Closing Costs?

Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage. What Are Closing Costs? According to Trulia, “When you close on a home, a […]

Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]

Some Highlights: According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32. With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong. More and more “old millennials” (ages 25-36) are […]

What is the Best Investment for Americans?

Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable. Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans: “What do you believe is the safest investment over the next 10 years?” U.S. housing […]

Is A Bigger House Within Your Budget?

At this time of year, many families come together to celebrate the season. It’s also the time when many realize their homes are just not quite big enough to host all of their guests and loved ones. Are you one of those homeowners dreaming for a larger space to call home? You may have enough […]

It’s ‘National Roof Over Your Head’ Day!

Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd? As noted on the National Calendar, it was “created as a day to be thankful for what you have, starting with the roof over your head. There are many things that we have that […]

5 Reasons to Sell This Winter

Below are five compelling reasons to list your house this winter. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right […]

Buyers Are Looking For Your Home [INFOGRAPHIC]

Some Highlights: Existing Home Sales are currently at an annual pace of 5.46 million. The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high demand from buyers who are still looking for a house to […]

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Tips to Sell Your Home Faster

When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale: 1. Make Buyers Feel at Home Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make buyers feel like they belong in the house. According to the 2019 Profile […]

7 Reasons to List Your House This Holiday Season

Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why listing your house now or keeping it on the market this winter may be the […]

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 […]

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Mortgage Rates Snap Back to Lower Levels

Posted To: Mortgage Rate Watch Mortgage rates reacted somewhat harshly to an incredibly strong jobs report last Friday. At the time, I noted that such a jobs report would typically have done much more damage to rates, but that the current environment mitigates its impact for a few reasons. First off, labor market strength is […]

Truist CEO Kelly King on the completed BB&T and SunTrust merger

(Please visit the site to view this media) Truist Chairman and CEO Kelly King joins "Squawk on the Street" to discuss the completed merger of BB&T and SunTrust, and the company's strategy going forward. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

FHA's Mortgage Insurance Fund Improvement Has Come a Long Way

Posted To: MND NewsWire The Federal Housing Administration (FHA) released its annual Report to Congress several weeks ago, reporting significant improvement in its Mutual Mortgage Insurance (MMI) Fund. Late last week Brian D. Montgomery, FHA Commission and Assistant Secretary of the Department of Housing and Urban Development (HUD), testified regarding the report to a hearing […]

Lots of Refinancing, So Why Are Servicers Losing Business?

Posted To: MND NewsWire Black Knight continues to review, in its new Mortgage Monitor , how the effects of nearly a year of lower interest rates have ricocheted throughout the industry. This month’s Monitor looks both at loan data from October and from the third quarter of 2019. Prepayments are still running at record high […]

Investor and Lender FHA & VA Changes; Marketing and Cloud Products

Posted To: Pipeline Press With the Fed content with rates hovering here for the foreseeable future , lenders can focus on other things. “Rob, are you hearing that real estate agents are nervous about Zillow’s business moves?” Of course. There are a lot of people who wonder why real estate agents, according to some, are […]

MBS Day Ahead: Last Serious Trading Week of 2019

Posted To: MBS Commentary It's been almost exactly 3 months since the quick rate spike in early September. That, of course, followed an impressive run to the lowest rates in more than 3 years in August. The combination of those long-term lows and the quick bounce set the stage for a consolidation trend that's been […]

Here's how the Fed might react to the blowout November jobs report

(Please visit the site to view this media) CNBC's Steve Liesman reports on how the Fed may react to the blowout November jobs report. …(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 Fed might react to the blowout […]

Donald Kohn: Nov. jobs number reinforces Fed's judgement

(Please visit the site to view this media) Donald Kohn, former vice chair of the Fed Reserve, discusses the market and the Fed on CNBC's "Closing Bell." …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Donald Kohn: Nov. jobs number reinforces […]

MBS RECAP: NFP Swings For Fences, But Still Comes Up Short

Posted To: MBS Commentary This morning's commentary was titled "NFP Doesn't Matter (Even If It Looks Like It Does)." Apparently NFP didn't like being called out because it did everything in its power to prove me wrong. Ultimately though, it would need to create momentum that lasts beyond today in order to join the ranks […]

Ed Lazear: November jobs number the strongest in a long time

(Please visit the site to view this media) CNBC's Rick Santelli discusses today's strong jobs number with Ed Lazear, Stanford University. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Ed Lazear: November jobs number the strongest in a long time Ed […]

A Jobs Report This Strong Usually Does Much More Damage to Mortgage Rates

Posted To: Mortgage Rate Watch Mortgage rates were pushed higher for the 3rd day in a row following an incredibly strong jobs report. For decades, if you were to ask anyone with a reasonable level of experience following rates/bonds to pick one economic report that bonds care about more than all others, the jobs report […]

Loan Characteristics Mostly Account for Conforming/Jumbo Spread

Posted To: MND NewsWire For many years homebuyers looking for homes priced above entry level employed every device they could to keep their loan amount below whatever might be the current limit for conforming (Fannie Mae, Freddie Mac) loans. It might mean determining between the purchase of two similarly priced homes if only one squeaked […]

Consumer sentiment posts second-best number in 2019, 99.2 vs. 96.5 expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on new economic data on consumer sentiment and wholesale inventories. …(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 posts second-best number in 2019, 99.2 vs. 96.5 expected […]

China to waive tariffs from some US soybean and pork products

(Please visit the site to view this media) CNBC's Eunice Yoon reports on the latest details out of the U.S.-China trade talks. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. China to waive tariffs from some US soybean and pork products […]

US added 266,000 jobs in November, vs 187,000 expected

(Please visit the site to view this media) CNBC's Ylan Mui reports on the November jobs report. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv's consensus forecast was 180,000. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to […]

LO Jobs; Budgeting Tools; Why You Should Care About Trade and Tariffs

Posted To: Pipeline Press I hope that you didn’t lay off your compliance department earlier this year, because there’s a lot going on. For example, from out of California comes the CCPA, effective in less than four weeks on 1/1/20. Susan Milazzo, the CEO of the California MBA, summed it up. “In very general terms, […]

MBS Day Ahead: NFP Doesn't Matter (Even If It Looks Like It Does)

Posted To: MBS Commentary First Friday of the month, and thus time for the nonfarm payrolls (NFP) data. Also known simply as "the jobs report," no other piece of economic data has as much of a track record of inspiring massive market movement. But in the current environment, no other piece of data is as […]

Two economists on what they expect from the November jobs report

(Please visit the site to view this media) Kathy BostJancic, chief U.S. economist at Oxford Economics, and Russell Price, chief economist at Ameriprise Financial, join "Squawk Box" to discuss what they expect from the November jobs report. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

Rates Snap Back to 3-Week Highs; Home Price Slump Reversing?

Mortgage rates have seen a fair amount of volatility so far this week, dropping quickly on Tuesday and moving in the opposite direction since then. Between yesterday and today, that big drop from earlier in the week has been completely erased. The result is an average conventional 30yr fixed rate that’s right in line with […]

MBS RECAP: NFP's Stolen Thunder

Posted To: MBS Commentary After the little bout of whipsaw volatility of the past 3 trading sessions, it will be a tall order for even the mighty NFP to move markets much tomorrow (as long as it's not insanely far from the forecast). Thank the trade war for that. Trade headlines took a big bite […]

Mortgage Rates Snap Back to 3-Week Highs

Posted To: Mortgage Rate Watch Mortgage rates have seen a fair amount of volatility so far this week, dropping quickly on Tuesday and moving in the opposite direction since then. Between yesterday and today, that big drop from earlier in the week has been completely erased. The result is an average conventional 30yr fixed rate […]

Investors brace for important jobs report as uncertainty weighs on economy

(Please visit the site to view this media) CNBC's Steve Liesman looks ahead to tomorrow's jobs report, the last one to come out this year and this decade. With Jonathan Tisch, chairman and CEO of Loews Hotels. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

Trump: 'Something could happen' on December 15 regarding China trade

(Please visit the site to view this media) President Donald Trump speaks to reporters about the latest details out of the trade talks with China as well as other geopolitical events. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Trump: 'Something […]

October factory orders rise on par with expectations, at 0.3%

(Please visit the site to view this media) CNBC's Rick Santelli reports on new factory orders data for the month of October. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. October factory orders rise on par with expectations, at 0.3% October […]

October's Increases Suggest a Reversal in Home Price Slump

Posted To: MND NewsWire After slowing for 17 months, home price gains rose 3.8 percent in July and then held nearly flat in August according to Black Knight’s Home Price Index. Now the first tranche of price data for October seems to indicate a rapid shift into an acceleration of gains. The company says the […]

Access to Government Backed Mortgages Finally Improves

Posted To: MND NewsWire The Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index (MCAI) moved significantly higher in November, gaining 2.1 percent compared to October. The index measures borrower access to mortgage credit and has components for each of the major product types. A higher index number indicates that access is improving. The Index level […]

Workflow, Webinar, Just-Missed Products; Vendor News; Rates Steady

Posted To: Pipeline Press In the lending world, folks are talking about the change in FHA loan levels . Economists and investors have their eye on debt. Have a balance on your credit card? Or a mortgage, or car loan? You’re not alone. Federal, corporate and household debt worldwide stands at an unprecedented $250 trillion […]

China is fully discounted by business community: former Dallas Fed president

(Please visit the site to view this media) CNBC's "Squawk Box" team discusses China trade tensions and what may be next for the round of tariffs with Greg Ip, chief economics correspondent at the Wall Street Journal, and Richard Fisher, Barclays senior advisor and former Dallas Fed president. …(read more) Forward this article via email:  Send […]

US weekly jobless claims total 203,000, vs 215,000 expected

(Please visit the site to view this media) First-time claims for state unemployment benefits were expected to total 215,000 in the most recent week, up slightly from the 213,000 claims reported for the previous week. CNBC's Rick Santelli reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know […]

China insists there can't be a trade deal without reduced tariffs

(Please visit the site to view this media) CNBC's Euince Yoon reports on comments from the Chinese Commerce Ministry on the U.S.-China trade talks. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. China insists there can't be a trade deal without […]