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What Record-Low Housing Inventory Means for You

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) […]

What Happens When Homeowners Leave Their Forbearance Plans?

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have […]

What’s the Difference between an Appraisal and a Home Inspection?

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer […]

Why Moving May Be Just the Boost You Need

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census […]

Financial Fundamentals for Homebuyers [INFOGRAPHIC]

Some Highlights When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses. From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning. Let’s connect today […]

What Experts Are Saying about the 2021 Job Market

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at […]

Owning a Home Is Still More Affordable Than Renting One

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, […]

Should I Wait for Lower Mortgage Interest Rates?

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the […]

How to Make the Dream of Homeownership a Reality This Year

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one […]

Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

Some Highlights There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table. Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your […]

Why Right Now May Be the Time to Sell Your House

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is […]

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay […]

4 Reasons People Are Buying Homes in 2021

According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what “home” means and what we may need in one going forward. Here are […]

What Does 2021 Have in Store for Home Values?

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: “Home price growth remained […]

Reasons to Hire a Real Estate Professional [INFOGRAPHIC]

Some Highlights Choosing the right real estate professional to work with is one of the most important decisions you can make in your homebuying or selling process. The right agent can explain current market conditions and break down exactly what they mean for you. If you’re considering buying or selling a home this year, let’s […]

Is This the Year to Sell My House?

If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why. According to the latest Home […]

The Importance of Home Equity in Building Wealth

Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through […]

Why Not to Wait Until Spring to Make a Move

The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into some […]

3 Must-Do’s When Selling Your House This Year

It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a sale depending on how we manage them. When […]

Here’s to a Wonderful 2021!

Here’s to a Wonderful 2021! Here’s to a Wonderful 2021!

Four Expert Views on the 2021 Housing Market

The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) “In 2021, I […]

Why Selling Your House on Your Own in 2021 Is a Mistake

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale […]

More Generations Are Living Under One Roof This Year

This year challenged us to reprioritize everything – from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our extended families, near and far. In some cases, we […]

Why It’s Important to Price Your House Right Today

Even in today’s sellers’ market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle […]

Turning a House into a Happy Home

We talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership. No matter the living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a favorite chair, the feel-good connections to our […]

Did You Outgrow Your Home in 2020?

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home. Many needs have changed in 2020, and it’s okay to admit if your house no longer fits your lifestyle. […]

The Difference a Year Makes for Homeownership

Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them. 1. Move-up or Downsize: One option is to consider moving […]

The Do’s and Don’ts after Applying for a Mortgage

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender – […]

2021 Housing Forecast [INFOGRAPHIC]

Some Highlights Experts project an optimistic year for the 2021 housing market. With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue to increase home prices. Let’s connect today to determine how to make your best move in the new year. 2021 Housing Forecast [INFOGRAPHIC] 2021 […]

Homeowner Equity Increases an Astonishing $1 Trillion

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: S. homeowners with mortgages have seen their equity increase by […]

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Very Tame Reaction to The Fed as 10yr Targets 1.0%; Forbearance Plans Extended; Applications Ebb

Very Tame Reaction to The Fed Despite Bond-Friendly Message Bonds took a bit of a lead-off heading into today’s Fed announcement as 10yr yields flirted with a break below 1.0% for the first time since cresting that level in early January. As expected and hoped, the Fed statement was a snoozer. If anything, it was […]

MBS RECAP: Very Tame Reaction to The Fed Despite Bond-Friendly Message

Posted To: MBS Commentary Very Tame Reaction to The Fed Despite Bond-Friendly Message Bonds took a bit of a lead-off heading into today's Fed announcement as 10yr yields flirted with a break below 1.0% for the first time since cresting that level in early January. As expected and hoped, the Fed statement was a snoozer. […]

Fed Chair Powell on whether he's concerned about a housing bubble

(Please visit the site to view this media) Fed Chair Jerome Powell responds to reporters questions after the FOMC decision to leave rates unchanged. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed Chair Powell on whether he's concerned about a […]

Fed Chair Jerome Powell on whether the central bank can avoid a taper tantrum

(Please visit the site to view this media) Fed Chair Jerome Powell responds to reporters questions after the FOMC decision to leave rates unchanged. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed Chair Jerome Powell on whether the central bank […]

Federal Reserve leaves interest rates unchanged

(Please visit the site to view this media) CNBC economics reporter Steve Liesman reports on the latest Fed interest rate decision. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Federal Reserve leaves interest rates unchanged Federal Reserve leaves interest rates unchanged

The Bond Report – 9am – January 27, 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 Bond Report – 9am – January 27, 2021 The Bond Report – 9am – January 27, 2021

New orders for durable goods up 0.2% in December

(Please visit the site to view this media) CNBC's Steve Liesman breaks down December durable goods data. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. New orders for durable goods up 0.2% in December New orders for durable goods up 0.2% […]

MBS Day Ahead: Friendly Bond Bounce Continues as 10s Target 1.0%

Posted To: MBS Commentary With 10yr yields breaking the 1.075% technical floor on Monday, the bond market added evidence to the case for a move back to 1.0%. Today's early gains make the evidence nearly overwhelming with yields less than half a basis point away at times. With the Fed coming up this afternoon, it […]

FHA Forbearance Eligibility and Eviction Moratoria Extended

Posted To: MND NewsWire The Acting Secretary of the Department of Housing and Urban Development (HUD) has announced an extension of the deadline for borrowers with FHA mortgage loans to apply for and receive forbearance. Matthew Ammon said up to six months of deferred or reduced mortgage payments may be available to homeowners financially impacted […]

Encompass, Training, Credit Risk Jobs; Pricing, Sales, Reno Products; Training on Securitization and Other Upcoming Events

Posted To: Pipeline Press Just a couple more weeks until my uncle sends me a text asking if I’ve seen these funny photos of Bernie Sanders , of which there are no shortage. There is, however, a shortage of houses out there for the 70+ million Millennials to buy, even if rates were 0 percent […]

Mortgage Application Volume Retreats for Second Week

Posted To: MND NewsWire There was a significant pull-back in the volume of mortgage applications during the week ended January 22. Volume has been down in two of the three full weeks of the new year. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, declined 4.1 […]

Fastest Home Price Gains in Six Years; Rates Recover After Starting Higher; Covid Changing Housing

The annual increases in U.S. home prices is nearing dizzying levels. The November data from the Federal Housing Finance Agency (FHFA) crossed into double digits for the second consecutive month while the months numbers from S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index came close. The Case-Shiller index, which covers all nine U.S. census […]

More Evidence of Covid's Effect on Home Buying Preferences

Posted To: MND NewsWire It probably wasn’t on your COVID Bingo card, but the National Association of Home Builders (NAHB) is finding more and more evidence that the pandemic is changing America’s home buying plans . Rose Quint writes in NAHB’s Eye on Housing Blog that the percentage of those households considering purchasing a home […]

MBS RECAP: MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation

Posted To: MBS Commentary MBS Outperform Treasuries Thank to Light Supply at Fed Buying Operation Treasuries didn't gain any new ground today, but it's a bit of a victory to simply hold below the recent floor at 1.075%. Moreover, MBS outperformed after sellers offered up very light supply in the Fed's 30yr Fixed UMBS buying […]

Covid-19 is still weighing on consumer confidence, says The Conference Board's Steve Odland

(Please visit the site to view this media) CNBC's Wilfred Frost discusses consumer confidence with Steve Odland of The Conference Board. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Covid-19 is still weighing on consumer confidence, says The Conference Board's Steve […]

Why this trader is underweight 10-tear treasury note

(Please visit the site to view this media) CNBC's Scott Wapner discusses the10-year futures trade with Bill Baruch of Blue Line Futures and Brian Stutland of Equity Armor Investments. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Why this trader is […]

November Home Prices Climbed at Highest Rate in Six Years

Posted To: MND NewsWire The annual increases in U.S. home prices is nearing dizzying levels. The November data from the Federal Housing Finance Agency (FHFA) crossed into double digits for the second consecutive month while the months numbers from S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index came close. The Case-Shiller index, which covers […]

The Bond Report – 9am – January 26, 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 Bond Report – 9am – January 26, 2021 The Bond Report – 9am – January 26, 2021

MLO Jobs; Sales, Pricing, Processing, Correspondent, Products; LO Productivity Study; FHFA Disaster News

Posted To: Pipeline Press While the Biden Administration waits for the Trump staff to tell them the Wi-Fi password in the White House, the government continues to occupy our thoughts. “The government should not vaccinate health care workers first. Because if it fails, we’re in trouble. They should try the vaccine on politicians first because […]

MBS Day Ahead: One Floor Opens, Another Takes Its Place

Posted To: MBS Commentary 10yr yields broke below 1.075% yesterday–a level that had proven tough to break despite multiple attempts in the past 2 weeks. The move followed several large block trades that provided leadership for an otherwise range-bound market. Some reports suggested the big move lower in stocks and the rally in bonds had […]

NEC Director Brian Deese on Biden administration's Covid relief goals

(Please visit the site to view this media) President Joe Biden signed an executive order directing agencies to strengthen requirements for purchasing U.S. made products and services. The order also creates a position within the OMB to enforce the directive. Brian Deese, director of the National Economic Council, joined "Squawk Box" on Tuesday to discuss […]

Loans Still Taking 2 Months to Close as Refi Demand Stays Strong; Rates Only Slightly Lower Despite Bond Market Rally

The interest rates on 30-year fixed rate mortgages originated in December reached an all-time low in ICE Mortgage Technology’s (formerly Ellie Mae’s) records, an average of 2.93 percent and a 4-basis point decline from the November rate. The company, in its monthly Origination Insight Report , said the note rate for all three loan types […]

Mortgage Rates Down Only Slightly Despite Bond Market Rally

Posted To: Mortgage Rate Watch What’s a bond market rally and why should mortgage rates care? There are all kinds of bonds. US Treasuries would be the quintessential example, but there are also bonds specific to the mortgage market. These are what groups of loans ultimately become in order to be traded on the open […]

President Joe Biden discusses his $1.9 trillion Covid relief deal

(Please visit the site to view this media) President Joe Biden joins reporters to answer questions about whether or not he will use reconciliation to pass the $1.9 trillion coronavirus relief package. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. President […]

MBS RECAP: Strong Move in Treasuries But MBS Underperform (Significantly)

Posted To: MBS Commentary Strong Move in Treasuries But MBS Underperform (Significantly) While much of the world of finance and institutional investment seemed to be preoccupied with day trading some truly epic ridiculousness via Game Stop, the bond market was doing a few interesting things of its own. Treasuries jumped out to an early lead […]

El-Erian: Fed will likely remain dovish because short-term outlook has become dimmer

(Please visit the site to view this media) "It's the classic parenting problem: take away the candy and you'll get a tantrum. But keep on suppling candy, it doesn't make things any easier," Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge told CNBC's "Squawk Box" Monday. "At some point […]

Loans Still Taking 2 Months to Close as Refi Demand Stays Strong

Posted To: MND NewsWire The interest rates on 30-year fixed rate mortgages originated in December reached an all-time low in ICE Mortgage Technology’s (formerly Ellie Mae’s) records, an average of 2.93 percent and a 4-basis point decline from the November rate. The company, in its monthly Origination Insight Report , said the note rate for […]

MLO, Ops Jobs; Broker, VOE, Servicing, MI Tools; Imminent Training and Virtual Events

Posted To: Pipeline Press There’s always “stuff” going on in residential lending, right? Capital markets folks have noticed that the big banks are re-entering buying jumbo loans from correspondents. BAML’s pass through channel, Wells Fargo, Redwood Trust, Chase, Citi remind us that banks and investors are cash rich and seeking to put assets on their […]

The Bond Report – 9am – January 25, 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 Bond Report – 9am – January 25, 2021 The Bond Report – 9am – January 25, 2021

Cramer on Moderna's Covid vaccine appearing effective against UK variant

(Please visit the site to view this media) Moderna says its coronavirus vaccine appears to be protective against emerging strains to date. The company also announced it’s accelerating work on a Covid-19 booster shot to guard against the recently discovered variant in South Africa. CNBC's Jim Cramer, Carl Quintanilla and David Faber discuss the development. […]