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How to Prepare Your House for a Winning Sale This Spring [INFOGRAPHIC]

Some Highlights With so few homes available to buy today, houses are in high demand, and they’re selling fast. That means it’s a great time to sell if you’re ready to make a move. Let’s connect to make sure your house is ready for a top-dollar sale this spring. It may be closer than you […]

Is It a Good Time to Sell My House?

Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time […]

How Smart Is It to Buy a Home Today?

Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move. […]

Home Prices: What Happened in 2020? What Will Happen This Year?

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal […]

What Are the Benefits of a 20% Down Payment?

If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t want […]

It’s a Sellers’ Market [INFOGRAPHIC]

Some Highlights Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat. Let’s connect today if you’re ready […]

Are There Going to Be More Homes to Buy This Year?

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of […]

How Much Leverage Do Today’s House Sellers Have?

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory […]

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low […]

Where Have All the Houses Gone?

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage […]

Home Mortgage Rates by Decade [INFOGRAPHIC]

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last […]

Will Low Mortgage Rates Continue through 2021?

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest […]

3 Ways Home Equity Can Have a Major Impact on Your Life

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM […]

Millennials: Is It Time to Buy a Bigger Home?

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending […]

3 Ways You’ll Win When You Buy a Home This Year

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a […]

Why It’s Easy to Fall in Love with Homeownership [INFOGRAPHIC]

Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community. Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If you’re ready to fall in love with a home of your own, let’s connect to […]

47% of New Buyers Surprised by How Affordable Homes Are Today

Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments […]

The Luxury Market Is Attracting Buyers in 2021

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury […]

3 Reasons We’re Definitely Not in a Housing Bubble

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. […]

6 Foundational Benefits of Homeownership Today

Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their […]

Thinking about Building a New Home? Your Agent Is Critical. [INFOGRAPHIC]

Some Highlights A real estate professional is an expert who can advocate on your behalf throughout the process when building a home. Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish. If building is the right option for you, let’s connect so you […]

Why Owning a Home Is a Powerful Financial Decision

In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into […]

Do I Really Need a 20% Down Payment to Buy a Home?

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you […]

Want to Build Wealth? Buy a Home This Year.

Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these […]

Turn to an Expert for the Best Advice, Not Perfect Advice

As we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to reflect on everything that’s changed and wonder what’s ahead for 2021. While there are signs of economic recovery as vaccines are being issued, we still have a long way to go. It’s at times like […]

Is Right Now the Right Time to Sell? [INFOGRAPHIC]

Some Highlights If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition. With buyer demand rising and historically low inventory for sale, if you’re in a position to move, your house may really stand out from the crowd. Let’s […]

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 […]

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Powell: Raising rates before 2022 is highly unlikely

(Please visit the site to view this media) CNBC's Steve Liesman reports on comments from Federal Reserve chairman Jerome Powell on monetary policy and the U.S. 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: Raising rates before 2022 is […]

MLO Jobs; Risk Reduction Products; Marketing, Workflow Tools; JP's Earnings, and the MBA's Take on 2020's Profits

Posted To: Pipeline Press “I wear a stethoscope so that in a medical emergency I can teach people a valuable lesson about assumptions.” People shouldn’t assume that all offices are made equal . People in our biz shouldn’t assume that “all lenders are the same.” Jim Cameron from the STRATMOR Group has noticed a difference […]

The 9am Bond Report – April 14, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9am Bond Report – April 14, 2021 The 9am Bond Report – April 14, 2021

MBS Day Ahead: Bonds Still Staring Down Range Boundaries

Posted To: MBS Commentary Yesterday was good for bonds with 10yr yields covering more ground toward lower yields during domestic trading hours than any other day since February. Nonetheless, when faced with an opportunity to break below the 1.62% resistance level, they ran the only play in the playbook (they bounced higher). To be perfectly […]

Mortgage Applications Decline Further, High Costs Constraining Home Sales

Posted To: MND NewsWire Higher interest rates drove the volume of mortgages applications lower again last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, decreased 3.7 percent on a seasonally adjusted basis during the week ended April 9. On an unadjusted basis, the Index was down 3 […]

Analysts say mortgage rates are rising, and that will cool housing prices

(Please visit the site to view this media) Google search trends show people are searching things like, "When will the housing market crash?" And "Why is the market so hot?" Home prices have been up 10 percent year over year because demand is so high and supply is so low. Diana Olick joins 'The News […]

Mortgage Banks Shattered Profit Records; Delinquencies Improve; Rates Near 1-Month Lows

Slow and steady wins the race, and mortgage rates have been making slow, steady progress back down from recent long-term highs seen at the end of March. Over that time, the average conventional 30yr fixed rate quote has fallen anywhere from .125 to 0.25% depending on the lender. That’s not a bad move over the […]

MBS RECAP: Strong Showing With Help From Vaccine Drama and a Solid Bond Auction

Posted To: MBS Commentary Strong Showing With Help From Vaccine Drama and a Solid Bond Auction The day began with bonds falling back to yesterday's range after rising in the overnight session. Concerns over the J&J vaccine were in focus. Inflation data (CPI) came out stronger than expected, but bonds took it in stride, ultimately […]

Mortgage Banks Report 2020 Financials Shattered Last Years Records

Posted To: MND NewsWire While most of us couldn’t wait for 2020 to be over, it turns out to have been a superlative year for mortgage originators. The Mortgage Bankers Association’s (MBA’s) annual Mortgage Bankers Performance Report shows the profit independent mortgage banks and mortgage subsidiaries of chartered banks made on each loan they originated […]

Coldwell Banker CEO on whether the housing market is in a bubble

(Please visit the site to view this media) CNBC's Tyler Mathisen discusses whether the housing market is in a bubble and why homeowners are concerned with Ryan Gorman, president and CEO of Coldwell Banker. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Delinquencies Post Fifth Month of Improvement

Posted To: MND NewsWire The national delinquency rate posted its fifth consecutive decline in January, retreating to the lowest level since the start of the pandemic. CoreLogic says 5.6 percent of all mortgages were at least 30 days past due during the month, including those loans in foreclosure. This was an increase of 2.1 points […]

MLO Jobs; HELOC, Renovation, Jumbo, Sales Products; New Correspondent Investor for Non-QM and QM Loans

Posted To: Pipeline Press Why do all underwriters have soft hair? Because they over-condition! (How do your underwriters feel about bitcoin? Brokers up in Canada are now accepting eCurrency .) Underwriters are charged with analyzing the 5 C’s of credit (character, capacity, capital, collateral, and conditions) and hope that none of their borrowers go bankrupt. […]

The 9am Bond Report – April 13, 2021

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9am Bond Report – April 13, 2021 The 9am Bond Report – April 13, 2021

MBS Day Ahead: As Expected, Bonds Take Higher Inflation in Stride

Posted To: MBS Commentary It's a sign of the times that the bond market responded with a modest rally following a stronger reading on CPI and a looming record-size 30yr bond auction this afternoon (not to mention stocks trading at all-time highs). Granted, yields are now 100bps higher than they were in September, and much […]

Brian Sullivan's RBI: The red-hot housing market

(Please visit the site to view this media) Brian Sullivan's daily RBI segment focuses on the sizzling real estate sector right now. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Brian Sullivan's RBI: The red-hot housing market Brian Sullivan's RBI: The […]

U.S. consumer price index rose 0.6% in March vs 0.5% increase expected

(Please visit the site to view this media) The consumer price index for March was expected to rise 2.5% over the past year and 0.5% over the previous month, according to economists surveyed by Dow Jones. CNBC's Rick Santelli and Steve Liesman break down the latest inflation data. …(read more) Forward this article via email:  Send […]

MBS RECAP: Bonds Look Past Weaker Treasury Auction

Posted To: MBS Commentary Bonds Look Past Weaker Treasury Auction Treasury auction have been more important than normal so far in 2021 as they serve as good opportunities for traders to vote on the pace of rising rates. Most recently, they've been a litmus test for break from uptrend. While we can't really expect a […]

Fiscal year-to-date budget deficit hits $1.7 trillion, up 130%

(Please visit the site to view this media) CNBC's Ylan Mui reports on the March debt and deficit numbers from the U.S. Treasury. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fiscal year-to-date budget deficit hits .7 trillion, up 130% Fiscal […]

El-Erian: Inflation and interest rates remain two major factors facing markets

(Please visit the site to view this media) Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, joined "Squawk Box" on Monday to discuss his outlook on the markets and the economy amid inflation fears. …(read more) Forward this article via email:  Send a copy of this story to someone you […]

Fed Chair Powell: 'Highly unlikely' central bank will raise interest rates this year

(Please visit the site to view this media) CNBC's Steve Liesman breaks down the highlights from Fed Chair Jerome Powell's interview on "60 Minutes." …(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: 'Highly unlikely' central bank will raise […]

The 9am Bond Report – April 12, 2021

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Fannie/Freddie Announce End Dates for QM Rules

Posted To: MND NewsWire Both Fannie Mae and Freddie Mac (the GSEs) have released information to their lenders confirming that any loans they purchase after July 1, 2021 must conform to the agreement made on their behalf in January by the Federal Housing Finance Agency (FHFA) with the Department of Treasury, amending the Preferred Stock […]

MLO Jobs; Customer Support, Servicing Products; Upcoming Webinars Cover Everything From Origination to Servicing

Posted To: Pipeline Press I received this over the weekend: “I just want to make enough money to live a life that doesn’t include Microsoft Teams in my work life.” Many people in residential lending began their careers before Teams even existed, and I love it when I am listening to someone in their 60s […]

MBS Week Ahead: Treasury Auction Supply in Focus as Ceiling Battle Continues

Posted To: MBS Commentary Three weeks ago, the bond market made its first attempt to rally toward lower yields after ending the previous week bouncing at a ceiling of 1.75% in the 10yr. Traders were generally upbeat as they moved through the 2 and 5 year Treasury auctions, but the gains fizzled after a weak […]

How today's inflation fears compare to the 1970s rise

(Please visit the site to view this media) The inflation debate is heating up after Friday's hotter than expected PPI report. Now some are comparing today's economy to what happened in the 1970s. CNBC's Steve Liesman reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

Property Taxes Outpacing Inflation; Forbearances Decline; Victory For Rates

2021 hasn’t been a great year for mortgage rates–at least not as far as their trajectory is concerned. But that could be changing . Even if things don’t get any better from here, the past 3 weeks are collectively the best we’ve seen since January. Mortgage rates are primarily driven by day-to-day movement in the […]

Victory For Rates; Hope For Housing Inventory?

Posted To: Mortgage Rate Watch 2021 hasn’t been a great year for mortgage rates–at least not as far as their trajectory is concerned. But that could be changing . Even if things don’t get any better from here, the past 3 weeks are collectively the best we’ve seen since January. Mortgage rates are primarily driven […]

MBS RECAP: Respectable Recovery After Morning Drama

Posted To: MBS Commentary Respectable Recovery After Morning Drama "Drama" may be a bit of an overstatement, but bonds were weak enough this morning to cause some concern about the week's prevailing message (i.e. that the 2021 uptrend in rates is strongly considering taking the month off in April). As the day progressed, yields inched […]

Total borrowers in bailout plans declines for sixth week in a row

(Please visit the site to view this media) CNBC's Diana Olick reports on how borrowers in bailout plans have declined six weeks in a row. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Total borrowers in bailout plans declines for sixth […]

The 2pm Bond Report – April 9, 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 2pm Bond Report – April 9, 2021 The 2pm Bond Report – April 9, 2021