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Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the […]

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House […]

Understand Your Options To Avoid Foreclosure

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time (see graph below), that’s little comfort to those individuals who are facing challenges today.If […]

Reasons You Should Consider Selling This Fall

If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. […]

Honoring the American Workforce

Wishing you a happy and safe Labor Day. Honoring the American Workforce Honoring the American Workforce

Your Agent Is Key When Pricing Your House [INFOGRAPHIC]

Some Highlights Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. Let’s connect today so we price your house […]

5 Reasons Today’s Housing Market Is Anything but Normal

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. […]

What You Can Do Right Now To Prepare for Homeownership

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has […]

What Buyers and Sellers Need To Know About the Appraisal Gap

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the […]

The Difference in Net Worth Between Homeowners and Renters Is Widening

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role […]

Your Checklist To Get Ready To Sell [INFOGRAPHIC]

Some Highlights When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. Let’s connect to make sure your house shows well and catches a buyer’s […]

If Housing Affordability Is About the Money, Don’t Forget This.

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% […]

Why 2021 Is Still the Year To Sell Your House

If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see […]

What To Do with Your Vacation Home as Summer Ends

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last […]

What Do Experts Say About Today’s Mortgage Rates?

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates […]

Options for First-Time Homebuyers [INFOGRAPHIC]

Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you’re having trouble finding your first home, let’s connect to explore […]

More Young People Are Buying Homes

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their […]

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes […]

What Does Being in a Sellers’ Market Mean?

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The […]

A Look at Home Price Appreciation and What It Means for Sellers

When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive […]

Sellers Are in a Sweet Spot [INFOGRAPHIC]

Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house. That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near […]

The Best Use of Time (and Money) When It Comes to Renovations

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some […]

Are Houses Less Affordable Than They Were in Past Decades?

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens […]

Looking for a Place To Call Home? Consider a Condominium.

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate […]

The Community and Economic Impacts of a Home Sale

If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community […]

Ready To Sell, but Don’t Know Where You’ll Go? [INFOGRAPHIC]

Some Highlights If you’re thinking of selling your house but don’t know what you should buy, you have options. Existing homes offer a wide variety of home styles, an established neighborhood, and lived-in charm. Meanwhile, new home construction lets you create your perfect home, cash in on energy efficiency, and minimize repairs. Whether you’re looking […]

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.” However, it seems buyers are now shifting their preferences back to existing homes. […]

Sellers: Make Today’s Home Price Appreciation Work for You

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading […]

With Rents on the Rise – Is Now the Time To Buy?

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than […]

Key Questions To Ask Yourself Before Buying a Home

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy […]

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November Chicago PMI comes in lower than expected

(Please visit the site to view this media) CNBC's Rick Santelli reports on the latest Chicago PMI data, which came in at 61.8 vs. 67 expected. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. November Chicago PMI comes in lower than […]

There's nothing new in Powell's testimony, says, fmr. Dallas Fed President Richard Fisher

(Please visit the site to view this media) Richard Fisher, Barclays senior advisor and Tenet Healthcare board member, to discuss Jerome Powell and Janet Yellen's testimony before a Senate panel. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. There's nothing new […]

Mortgage Profits Rebound from Q2 Slide

Posted To: MND NewsWire While the profits were nowhere near 2020 levels, independent mortgage banks and mortgage subsidiaries of chartered banks reported their third quarter 2021 gains did improve on those in Quarter 2. The report from the Mortgage Bankers Association (MBA) on mortgage bankers’ performance showed an average net gain of $2,594 on each […]

2022 Conforming Limits Rise 18 Percent to $647,200

Posted To: MND NewsWire The new conforming loans limits for mortgages that can be acquired by Fannie Mae and Freddie Mac were announced this morning by the Federal Housing Finance Agency (FHFA). As expected, the changes reflect the nearly unprecedented price gains over the last year. Earlier today FHFA posted third quarter changes in its […]

Case-Shiller Calls "Deceleration" its September Keyword

Posted To: MND NewsWire The old adage about waiting for the kettle to boil could be applied to the widely predicted deceleration of home price appreciation. It seems to be happening, but it isn’t fast. The S&P CoreLogic Case-Shiller price indexes showed slightly lower monthly and annual gains in September than in August while the […]

ECOA, Coaching, Title, Verification Tools; Events This Week; Rates Driven by COVID Variant News

Posted To: Pipeline Press Brian C. writes, “I was surprised when I got my new Tesla, instead of the new car smell, it had an Elon Musk.” Tesla was founded 18 years ago. Time flies. For 20 months now mortgage rates have been driven by pandemic news, like Moderna’s announcement this morning. We’ll receive the […]

MBS Morning: Another Omicron Rally; New Loan Limits TODAY

Posted To: MBS Commentary Today's reaction function for the market is very simple and very obvious. Shortly after midnight, Moderna's CEO made some discouraging comments about the likely efficacy of current vaccines against the omicron variant, as well as the lead time for new vaccines to be developed. Stocks and bond yields dropped sharply and […]

The 9am Bond Report – November 30, 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 – November 30, 2021 The 9am Bond Report – November 30, 2021

It's a 'fool's journey' to try to time the market, says Ray Dalio

(Please visit the site to view this media) Ray Dalio, Bridgewater Associate founder, chairman and co-CIO, joins "Squawk Box" to discuss the state of markets and the economy, as well as his new book, "The Changing World Order." …(read more) Forward this article via email:  Send a copy of this story to someone you know that […]

Fed chair Jay Powell and Treasury Sec. Janet Yellen to testify before Congress

(Please visit the site to view this media) CNBC's Steve Liesman previews what Federal Reserve chair Jerome Powell and Treasury Secretary Janet Yellen could say in a Senate Banking Committee hearing. …(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 […]

The 2pm Bond Report – November 29, 2021

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MBS RECAP: Bonds Find Footing After Shaky Start

Posted To: MBS Commentary Bonds Find Footing After Shaky Start This morning we found ourselves in the uncomfortable position of watching the bond market backtrack on massive gains at the end of the previous week. This is always a risk when the market goes on a big run–especially on a Friday. But rather than continue […]

Fed should start tapering 'immediately' to get ahead of markets, says Garcia Hamilton

(Please visit the site to view this media) Gilbert Garcia, managing partner at Garcia Hamilton Associates, joins 'The Exchange' to discuss inflation. He says the Fed needs to act now in order to get ahead of the markets in dealing with it. …(read more) Forward this article via email:  Send a copy of this story to […]

Pfizer, Moderna expect more details on omicron Covid variant within weeks

(Please visit the site to view this media) Meg Tirrell joins 'Squawk on the Street' to discuss key takeaways from CNBC's interviews with Pfizer CEO Albert Bourla and Moderna CEO Stephane Bancel over the concerning new omicron Covid variant. …(read more) Forward this article via email:  Send a copy of this story to someone you know […]

MBS Morning: Much Weaker Than Friday. Much Stronger Than Wednesday

Posted To: MBS Commentary Bonds are starting out the new week retaining a majority of last Friday's mega rally. The omicron-inspired gains were big enough that 10yr yields are almost 4bps higher than they were on Friday afternoon, but still roughly 12bps lower than they were on Wednesday. The range-finding expedition should continue to be […]

Pending Sales Shoot Up, Realtors View Increase as Defensive

Posted To: MND NewsWire The number of signed contracts for the purchase of existing homes made another significant about face in October. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a measure of those new contracts, increased 7.5 percent from September to a reading of 125.2. The index had recovered […]

Branch Mgr., Non-QM, Encompass Jobs; Cash Out, Warehouse, Fulfillment Tools; Lenders' Capital Structuring News

Posted To: Pipeline Press While headlines move interest rates and countries are shutting their borders again, our industry awaits the official 2022 conforming loan limits after the FHFA’s HPI data is reported tomorrow. We’re reminded that Freddie and Fannie (and Ginnie for that matter) are names of companies that were turned into acronyms which then […]

Omicron Covid variant will make inflation worse, Mohamed El-Erian says

(Please visit the site to view this media) Mohamed El-Erian, Allianz and Gramercy advisor, joins 'Squawk Box' to discuss how the omicron coronavirus variant will affect markets. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Omicron Covid variant will make inflation […]

Rates Move Swiftly Lower Due to New Covid Variant; Delinquencies Remain Elevated

Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of […]

The Week That Was: Fears of a new Covid variant trigger a sell-off

(Please visit the site to view this media) CNBC's Dom Chu looks back at the stories that moved markets in the past week. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The Week That Was: Fears of a new Covid variant […]

New Covid strain named Omicron, is 'variant of concern'

(Please visit the site to view this media) Meg Tirrell joins 'Closing Bell' to discuss updates on the new Covid variant which is now called Omicron. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. New Covid strain named Omicron, is 'variant […]

Biden administration to restrict travel from South Africa, seven other countries

(Please visit the site to view this media) Ylan Mui joins 'Closing Bell' to report the White House will restrict travel from South Africa and seven other African nations starting on Monday. The travel restrictions do not apply to. U.S. citizens or lawful permanent residents, though they will have to test negative to travel. …(read […]

Rates Move Swiftly Lower Due to New Covid Variant

Posted To: Mortgage Rate Watch Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, […]

MBS RECAP: Covid Variant Causes Massive Market Reaction

Posted To: MBS Commentary Covid Variant Causes Massive Market Reaction This morning it was B.1.1.529. By the afternoon, the WHO labeled it the Omicron variant. The market immediately took a "guilty until proven innocent" approach. Bonds surged significantly and stocks swooned. Holiday-light trading conditions greased the skids to some extent, but even on a normal […]

Jefferies' David Zervos says the next couple of weeks will be messy for markets

(Please visit the site to view this media) David Zervos, chief market strategist at Jefferies, joins 'Closing Bell' to discuss the state of the markets and the S&P 500. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Jefferies' David Zervos says […]

MBS Morning: B.1.1.529 Day

Posted To: MBS Commentary Remember July? Covid was a fading memory and the light was clearly visible at the end of the pandemic tunnel. Then came Delta. It served as a painful lesson about the potential impact of covid variants. Now we have B.1.1.529. Like the MU variant, it may prove to be no big […]

Delinquencies Still Double Pre-Pandemic Rate

Posted To: MND NewsWire Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.7 percent in October compared to a 17.4 percent gain in September. The portfolio balance at the end of the period was $3.179 trillion compared to $3.137 trillion the prior month and $2.669 trillion a […]

Jumbo, Non-QM, ARM News; Rates (and Stocks) Plummet in Thinly-Traded Market on Covid Variant News

Posted To: Pipeline Press As millions of Americans convince themselves that loading and unloading the dishwasher counts as exercise, while we are reminded that rates are impossible to predict when based on headlines risk like the COVID news out of South Africa, and while residential lenders (including jumbo and non-QM segments) wait for the annual […]

The 3pm Bond Report – November 24, 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 3pm Bond Report – November 24, 2021 The 3pm Bond Report – November 24, 2021

Fed prepared to adjust rate of tapering, minutes report

(Please visit the site to view this media) CNBC's Steve Liesman joins 'Power Lunch' to report on the Fed's minutes from their latest meeting. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Fed prepared to adjust rate of tapering, minutes report […]