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3 Reasons to Be Optimistic about Real Estate in 2021

This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their […]

The Holidays Aren’t Stopping Homebuyers This Year

Black Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for many right now. This year, there’s another type of buyer that’s very active this holiday season – the homebuyer. Each month, ShowingTime releases their Showing Index which tracks the average number of appointments received […]

5 Steps to Follow When Applying for Forbearance

If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times. It’s important, however, to understand how forbearance works. It’s […]

Winning as a Buyer in a Sellers’ Market [INFOGRAPHIC]

Some Highlights Buying a home in today’s sellers’ market doesn’t have to feel like an uphill battle. Here are four ways to make sure you’re positioned for success when making a home purchase, even when the scale tips toward sellers. Let’s connect to make sure you’re armed for victory in the housing market this season. […]

Why It Makes Sense to Sell Your House This Holiday Season

If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers. The latest Existing Home […]

Are Home Prices Headed Toward Bubble Territory?

Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the […]

An Honest Look at Unemployment Numbers

Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative […]

How Remote Work Can Power Your Vacation Home Sale

This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from […]

The Path to Homeownership [INFOGRAPHIC]

Some Highlights If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in the homebuying process. Let’s connect today to discuss the specific steps along the way in our local area. The Path to Homeownership [INFOGRAPHIC] The Path to Homeownership […]

A New Way to Shop for Homes in a Virtual World

In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – […]

With Home Values Surging, Is it Still Affordable to Buy Right Now?

Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight […]

Knowledge Is Power on the Path to Homeownership

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen Z’ers […]

5 Tips for Homebuyers Who Want to Make a Competitive Offer

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. […]

Key Terms to Know in the Homebuying Process [INFOGRAPHIC]

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

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Your House May Be High on the Buyer Wish List This Holiday Season

Around this time each year, many homeowners decide to wait until after the holidays to sell 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 selling your house now, or keeping it on the market this season, is the best […]

Is Buying a Home Today a Good Financial Move?

There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs, along with record-low mortgage rates, has skyrocketed the demand […]

Don’t Let Buyer Competition Keep You from Purchasing a Home

This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we […]

It Pays to Sell with a Real Estate Agent [INFOGRAPHIC]

Some Highlights Today, it’s more important than ever to have an expert you trust to guide you as you sell your house. From your safety throughout the process to the complexity of negotiating the deal, you need a professional on your side. Before you decide to take on the challenge of selling your house on […]

Will Mortgage Rates Remain Low Next Year?

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When […]

Chances of Another Foreclosure Crisis? “About Zero Percent.”

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced […]

Homes for Sale Are Rapidly Disappearing

Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained: “While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand […]

Why Working from Home May Spark Your Next Move

If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond. While the […]

Tips to Sell Your House Safely Right Now [INFOGRAPHIC]

Some Highlights Your agent now has over 6 months of experience selling houses during the pandemic and can make the process easier and safer for you today. COVID-19 protocols and technology usage recommendations from the National Association of Realtors (NAR) are making it possible to sell houses right now, while agents continue to abide first […]

Winter Will Bring a Flurry of Activity to the Housing Market

In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” […]

VA Home Loans: Helping Heroes Find a Home

Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity […]

Homeownership Is a Key to Building Wealth

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of […]

Is it Safe to Sell My House Right Now?

In today’s real estate market, the buzz is all about how it’s a great time to sell your house. Buyer demand is high, and there simply aren’t enough homes available to buy to meet that growing need. This means now is the time to make a move so you can close the deal on your […]

Making a Home for the Brave Possible [INFOGRAPHIC]

Some Highlights VA Home Loans provide unique opportunities for Veterans, active-duty personnel, and their families in recognition of their service to our Nation. For eligible individuals, options associated with VA Loans can help make the dream of homeownership a reality. If you or someone you know may benefit from a VA Loan, let’s connect to […]

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ensure history doesn’t repeat itself. This […]

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MBS Week Ahead: Bonds Already Challenging Technical Boundaries

Posted To: MBS Commentary Another week, another chance to see if bonds will continue to avoid confrontation with the boundaries of the recent range. 1.075% emerged as the floor to beat in terms of 10yr Treasury yields over the past 2 weeks, with multiple unsuccessful breakout attempts. In the first hour of trading in the […]

CNBC Fed Survey: Here's what Wall Street thinks of Biden's $1.9 trillion Covid relief package

(Please visit the site to view this media) President Joe Biden is pushing for a $1.9 trillion relief package, but may come up short due to Republican opposition. CNBC's Steve Liesman joined "Squawk Box" with the results from the latest CNBC Fed Survey that surveyed Wall Street to see what investors and economists think of […]

Home Sales Highest Since 2006; Upbeat Forecast For 2021; How Long Can Good Times Last?

Existing home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains , the National Association of Realtors® (NAR) said sales in the last month of the year rose 0.7 percent. Sales of single-family homes, townhomes, condominiums, and co-ops, were at a seasonally adjusted […]

MBS RECAP: Calm Week Ends on an Even Calmer Note

Posted To: MBS Commentary Calm Week Ends on an Even Calmer Note It's rare to see non-holidays Fridays in January be quite as underwhelming as today turned out to be. Bonds remained locked perfectly inside prevailing trends. That's a good thing in this case as it meant moderate gains for both MBS and Treasuries. Volatility […]

Deese: White House to discuss need for stimulus with senators on Sunday

(Please visit the site to view this media) National Economic Council director Brian Deese takes questions on the Biden administration's economic policy plans. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Deese: White House to discuss need for stimulus with senators […]

Existing Home Sales Reach Highest Levels Since 2006

Posted To: MND NewsWire Existing home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains , the National Association of Realtors® (NAR) said sales in the last month of the year rose 0.7 percent. Sales of single-family homes, townhomes, condominiums, and co-ops, were […]

Upbeat 2021 Econ Forecast From Fannie Mae

Posted To: MND NewsWire Optimism is running high in Fannie Mae’s first Economic and Housing Outlook of the year. The company’s Economic and Strategic Research (ESR) team says expanding vaccination efforts, the potential of greater than previously expected fiscal stimulus, and the end of winter all “point to an economy ready to take off once […]

United Wholesale Mortgage CEO Mat Ishbia on Wall Street debut

(Please visit the site to view this media) Mat Ishbia of United Wholesale Mortgage and Alec Gores of The Gores Group join "Squawk on the Street" to discuss the Wall Street debut of United Wholesale Mortgage. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want […]

End-of-Year Delinquencies a Challenge for 2021

Posted To: MND NewsWire Mortgage performance understandably deteriorated over the course of 2020. Black Knight, in its “first look” at December data, noted that the year ended with 1.54 million more delinquent mortgages and 1.7 million more that were seriously delinquent than at the start, calling it “a looming reminder of the challenges facing the […]

Existing home sales climb 0.7% in December 2020

(Please visit the site to view this media) CNBC's Diana Olick reports on the last batch existing home sales data from 2020. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Existing home sales climb 0.7% in December 2020 Existing home sales […]

MLO Jobs; Broker, Recruiting, HELOC Products; Freddie and Fannie Compliance Reminders

Posted To: Pipeline Press This week Joe Exotic did not receive a presidential pardon, nor did mortgage rates move much versus last week, but there are still over 16 million refinance candidates who meet broad-based eligibility criteria and could also cut their first mortgage rate by 0.75 percent or more, per Black Knight. But last […]

MBS Day Ahead: Bonds Should Give Their Next Technical Signal Any Day Now

Posted To: MBS Commentary The nature of the pandemic has made for some very mechanical and orderly market movement. The best example of this in the bond market is the "trend channel" (parallel lines marking the highs and lows, yellow lines in today's chart) we've been following in 10yr yields since the beginning of November. […]

Construction Surges to Highest Levels in 15 Years; Rates Nearly Back to Early Jan Lows

Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban Development reported significant increases in both residential permitting and housing starts in December , the second month in a row those numbers have grown. The numbers, however, took a hit in the Northeast. […]

Mortgage Rates Almost Back to Early January Levels

Posted To: Mortgage Rate Watch Mortgage rates made more progress today, but only after some drama in the morning. The bond market started the day in weaker territory and many mortgage lenders were offering higher rates as a result. As the day progressed, bonds improved and lenders adjusted their offerings accordingly. By the afternoon, the […]

MBS RECAP: Bonds Push Back Against AM Weakness, But Risks Remain

Posted To: MBS Commentary Bonds Push Back Against AM Weakness, But Risks Remain Yields were breaking higher as the domestic session began with traders citing the European Central Bank (ECB) as the primary source of motivation. The ECB changed its stance on one of its bond buying programs in a way that leaves the door […]

Construction Surges to Highest Levels in 15 Years

Posted To: MND NewsWire Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban Development reported significant increases in both residential permitting and housing starts in December , the second month in a row those numbers have grown. The numbers, however, took a […]

The Bond Report – 9am – January 21, 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 21, 2021 The Bond Report – 9am – January 21, 2021

MBS Day Ahead: Defensive Shift is a Cause For Concern; Yields Struggling With an Important Floor

Posted To: MBS Commentary The GA senate election shift is old news. It did the damage it was always likely to do, but bonds had a good show of support by the end of the following week. That made good enough sense considering the pandemic is driving the market and the pandemic can't be quickly […]

Retail, Correspondent Jobs; Performance, Non-QM, Sales Tools; STRATMOR Strategy Paper; DACA and FHA

Posted To: MND NewsWire “Do y’all remember, before the internet, that people thought the cause of stupidity was the lack of access to information? Yeah, it wasn’t that.” The internet has brought a lot of change to the world, and to our industry. But we don’t need the internet to drive changes, and potential changes, […]

Weekly jobless claims total 900,000, vs 925,000 estimate

(Please visit the site to view this media) First-time claims for unemployment insurance were expected to total 925,000 for the week ended Jan. 16, according to economists surveyed by Dow Jones. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Weekly jobless […]

Mortgage Rates Making Steady Progress; DACA FHA Eligibility; Builders Lament Costly Materials

Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday. The progress actually began earlier last week. On Tuesday morning, rates were at their highest levels in exactly 2 months after jumping at a relatively quick pace in response to the Georgia senate […]

Mortgage Rates Making Steady Progress Over The Past Week

Posted To: Mortgage Rate Watch Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday. The progress actually began earlier last week. On Tuesday morning, rates were at their highest levels in exactly 2 months after jumping at a relatively quick pace in […]

DACA "Dreamers" Given FHA Loan Eligibility

Posted To: MND NewsWire The Department of Housing and Urban Development (HUD) announced on Tuesday that it has extended eligibility for FHA mortgages to individuals who are classified under the Deferred Action for Childhood Arrivals program (DACA). These individuals are perhaps better known as “Dreamers.” DACA status is granted to undocumented individuals who were brought […]

Here's a look at the economy President-elect Biden will inherit

(Please visit the site to view this media) CNBC's Steve Liesman takes a look at where the U.S. economy stands as President-elect Joe Biden prepares to take office. …(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 a look at the […]

Rising Material Prices and Lot Shortages Hurt January Builder Confidence

Posted To: MND NewsWire After setting three successive record highs, most recently a 90 level in November , the pandemic and rising construction costs are taking a toll on the Housing Market Index (HMI). The National Association of Home Builders (NAHB) said the index, which it sponsors with Wells Fargo, fell for the second straight […]

MBS Day Ahead: Does Inauguration Day Matter For The Bond Market?

Posted To: MBS Commentary Does inauguration day matter for the bond market? Not as such, no. To be sure, the changing of the guard in D.C. is indeed a big deal for the bond market, but only because the senate flipped to democratic control as well. The inauguration is just ceremony marking a transition that's […]

Ops, AE Jobs; Sales, Leadership, Tech, Pricing Tools; VA, Ginnie, FHA Changes Incl. URLA Update

Posted To: Pipeline Press In his Saturday Morning Cup of Joe , Jeremy Potter quipped, “The word ‘homeowners’ has the word ‘meow’ in it. Good luck unseeing that from now on.” Plenty of people are out there predicting the path of homeowners and homeownership. And there are those that say, “All forecasts are wrong, but […]

New Home Purchase Applications Remained Strong to Year's End

Posted To: MND NewsWire The Mortgage Bankers Association (MBA) estimates that applications for the purchase of newly built homes rose only 0.2 percent from November to December, however, those applications were up 42.2 percent compared to December 2019. The information comes from MBA’s monthly Builder Application Survey (BAS) and was not adjusted for typical seasonal […]

Fannie/Freddie Allowed to Keep More Capital (Again)

Posted To: MND NewsWire Late last week the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) agreed to amend the Preferred Stock Purchase Agreements (PSPAs) which govern the required distribution of dividends to Treasury from the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The amendments will bring the […]

Refinancing Volume Pulls Back as Rates Rise

Posted To: MND NewsWire The volume of mortgage applications fell back slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index was down 1.9 percent on a seasonally adjusted basis during the week ended January 15 compared to the prior reporting period. On an unadjusted basis the index lost 1.0 percent. The […]