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Why This Summer Is the 2020 Real Estate Season

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

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

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

We Remember & Honor Those Who Gave All

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

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

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

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

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

6 Reasons Why Selling Your House on Your Own Is a Mistake

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

Housing Market Positioned to Bring Back the Economy

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. […]

#1 Financial Benefit of Homeownership: Family Wealth

While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the […]

2020 Homeowner Wish List [INFOGRAPHIC]

Some Highlights In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable. Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list. If you’re thinking of selling this year, having these items in […]

Will the Housing Market Turn Around This Year?

Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If […]

A Surprising Shift to the ‘Burbs May Be on the Rise

While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to […]

Unemployment Report: No Need to Be Terrified

Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. […]

Will Home Values Appreciate or Depreciate in 2020?

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys […]

A Day When Americans Can Return to Work [INFOGRAPHIC]

Some Highlights Taking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today. We’re all eager for the day when every American can safely return to work. That day is coming. Timing is everything. Patience is essential. Our courage, strength, […]

Unemployment: Hope on the Horizon

Tomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic slowdown. The numbers will alarm us. There will be headlines and doomsday scenarios in the media. […]

Why Home Equity Is a Bright Spark in the Housing Market

Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more […]

Confused About the Economic Recovery? Here’s Why.

As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up again is on all of our minds. […]

U.S. Homeownership Rate Rises to Highest Point in 8 Years

For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found a sense of comfort by slowing down and spending time […]

How to Test-Drive a Neighborhood While Sheltering in Place [INFOGRAPHIC]

Some Highlights Staying at home doesn’t mean your search for a new place needs to come to a standstill. Check out these tips on how to explore other neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving your living room! Let’s connect today so you […]

Why the Housing Market Is a Powerful Economic Driver

With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the […]

Buying a Home Right Now: Easy? No. Smart? Yes.

Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed: “The March ShowingTime Showing […]

Rise to the Top of the Pool by Selling Your House Today

With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, […]

What Impact Might COVID-19 Have on Home Values?

A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in […]

Today’s Expert Insight on the Housing Market [INFOGRAPHIC]

Some Highlights According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise. Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong. Let’s connect so you can better understand your home’s value today. Today’s Expert Insight on the […]

Uncertainty Abounds in the Search for Economic Recovery Timetable

Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we may instead be headed for a U-shaped […]

Keys to Selling Your House Virtually

In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, […]

Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover? Let’s look at the possibilities. Here […]

The Pain of Unemployment: It Will Be Deep, But Not for Long

There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this […]

How Technology is Helping Buyers Navigate the Home Search Process [INFOGRAPHIC]

Some Highlights: A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person. While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process. […]

Today’s Homebuyers Want Lower Prices. Sellers Disagree.

The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal […]

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Mortgage Rates Staying Very Flat and Very Low

Posted To: Mortgage Rate Watch Mortgage rates barely budged for the third straight day, which is welcome news considering they are at all-time lows. The stability comes in spite of at least two important economic reports that would normally push rates unequivocally higher according to past precedent. These include Thursday’s big jobs report and a […]

MBS RECAP: Record High MBS Prices, Record Low Rates. What Next?

Posted To: MBS Commentary Record High MBS Prices, Record Low Rates. What Next? Bonds and rates clearly aren't looking at economic data as a key source of motivation, nor are they playing by the normal set of rules. Coronavirus has rewritten those rules. How long can this all-time-low rate environment last and how do we […]

Construction Spending Showing Promise

Posted To: MND NewsWire Despite any impact from the COVID-19 pandemic, construction spending is still largely managing to stay ahead of its 2019 levels . The U.S. Census Bureau said total spending in May was at a seasonally adjusted annual rate of $1.356 trillion, down 2.1 percent from April’s $1.386 trillion rate. The April rate […]

SBA and Treasury to release names of largest PPP loan recipients

(Please visit the site to view this media) CNBC's Kate Rogers reports on the latest numbers behind the Paycheck Protection Program. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. SBA and Treasury to release names of largest PPP loan recipients SBA […]

More Covid Data Rolls in, Are Refis are Here to Stay?

Posted To: MND NewsWire Black Knight has again taken a look at the number of Americans who could benefit significantly from refinancing their first mortgages, but the facts are shifting almost faster than they can report them. In its current Mortgage Monitor , the company reports that 90 percent of homeowners who have sufficient equity […]

Coronavirus mortgage bailouts see largest one-week drop

(Please visit the site to view this media) CNBC's Diana Olick reports the latest regarding the coronavirus mortgage bailout numbers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Coronavirus mortgage bailouts see largest one-week drop Coronavirus mortgage bailouts see largest one-week […]

Forbearance Plans Resume Downtrend After Last Week's Uptick

Posted To: MND NewsWire The number of homeowners in COVID-19 forbearance dropped sharply this week, to the lowest level since the first week of May. The number of plans which hit a peak on May 22 then declined slowly over the next three weeks but shot up by nearly 80,000 loan plans during the week […]

CFPB Proposes New Escrow Rule

Posted To: MND NewsWire The Consumer Financial Protection Bureau (Bureau) today issued a notice of proposed rulemaking (NPRM) that would amend Regulation Z of the Truth-in-Lending (TIL) Act. The rule would provide a new exemption for some insured depository institutions and insured credit unions from the requirement to establish escrow accounts for certain higher-priced mortgage […]

Freddie Mac's Growth Slowed, Delinquencies Spiked in May

Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 5.5 percent in May compared to a 14.3 percent gain in April. The portfolio balance at the end of the period was $2.407 trillion compared to $2.396 trillion at the end of April and $2.230 […]

MBS Day Ahead: Last Week's Comeback Was Nice, But Threats Remain

Posted To: MBS Commentary Last week ended with a paradoxical reaction to a jobs report that was much stronger than expected. Although bonds did lose ground at first, they ended up coming back to even better levels by the end of the day. Nonetheless, the week's theme was "slow and steady losses" for bonds after […]

DPA, Leads, PMI Products; Investors Ruminate on Employment Data

Posted To: Pipeline Press Here’s a blunt reminder of what can go dramatically wrong in a fireworks stand. And here’s a blunt email that I received over the weekend. “Rob, what don’t people understand? If someone is threatened with a potentially fatal illness, the last thing on their mind is buying the latest Apple phone, […]

Henrich: Everybody is deferring to the "Fed put" as the primary reason for buying stocks

(Please visit the site to view this media) Sven Henrich, founder & lead market strategist at NorthmanTrader, says investors are witnessing a historic asset bubble, with the Fed largely subsidizing the market action and stepping in on any downside action. …(read more) Forward this article via email:  Send a copy of this story to someone you […]

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

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

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

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

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

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

Four experts break down the blowout June jobs report

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

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

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

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

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

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

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

Fed's Bullard warns of financial crisis risks

(Please visit the site to view this media) The "Squawk Box" crew talk about several of the morning's top stories. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed's Bullard warns of financial crisis risks Fed's Bullard warns of financial crisis […]

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

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

Rates at All-Time Lows Ahead of Important Jobs Data

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

MBS RECAP: Limited Reaction to Headlines and Fed Minutes

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

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

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

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

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

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

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

ISM manufacturing index higher than expected at 52.6

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

Private payrolls rise 2.37 million in June, ADP reports

(Please visit the site to view this media) Private payrolls rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP. CNBC's Steve Liesman reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want […]

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

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

Mortgage applications fall for second straight week

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