BLOGMarket Update: Rates Climb Higher, Consumer Price Index Could Affect the Trend this Week
Blog posted On February 13, 2023
Mortgage rates trended higher last week after stronger-than-expected jobs reports the week before. A stronger jobs report indicates a stronger economy, which generally leads to higher rates. However, last week there were some other factors involved as well. Though there was a lot of change last week, it’s important to remember that this “doesn't carry an implication for the next move,” writes Matthew Graham of Mortgage News Daily. Meaning, just because last week’s rates trended higher doesn’t mean that they will continue on this path. In fact, a lot could change this week with the upcoming consumer price index scheduled for release tomorrow morning. If the inflation numbers come in hotter-than-expected, it could mean bad news for rates. But if they come in below expectations, rates could very well stabilize or trend lower.
READ MOREHow to Lower Your Interest Rate on an FHA or VA Loan
Blog posted On January 25, 2023
Housing affordability has become increasingly difficult in 2022 as home prices and mortgage rates have trended higher. Many buyers are eager to escape soaring rent prices but struggling to find affordable ways to buy a home. A couple of popular loan options for new buyers are FHA Loans and VA Loans. They’re generally easier to qualify for and offer more lenient underwriting requirements. Plus, you can now lower your monthly mortgage payments for up to three years with our temporary interest rate buydown for FHA and VA Loans.
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Blog posted On November 28, 2021
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Blog posted On May 03, 2021
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READ MOREThis is a test daily post
Blog posted On February 02, 2021
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READ MOREBatman sighted! downtown bmore, headline
Blog posted On January 03, 2021
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READ MOREArticle Created by Arturo in Kentico
Blog posted On December 15, 2020
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READ MOREWhy You Might Want to Have a Home Inspection, Even in a Busy Market
Blog posted On December 03, 2020
Record-low mortgage rates typically drive home buyers into the housing market. As a result, prices go up and buyer competition increases. Home buyers may try several different tactics to make their offers more appealing, such as getting preapproved for a mortgage, making their offer in cash when they can, and even skipping home inspections.
READ MOREHow to Maximize Savings When Interest Rates Are Low
Blog posted On December 02, 2020
You’ve refinanced your mortgage, paid off your student loans, and you still have some extra savings leftover. Interest rates are still trending extremely low, but you’re fresh out of ideas on how to take advantage of them. Before you go buying another online streaming service, consider putting your money toward one (or more) of these three high-return investments that can help you maximize your savings, even when interest rates are low.
READ MORENew Purchase Volume Predicted to Break Records in 2021
Blog posted On December 01, 2020
Home sales are strong, interest rates are low, refinance activity is booming, and the future of the housing market is looking bright. Two weeks ago, the Mortgage Bankers Association (MBA) released its revised predictions for the remainder of this year as well as estimates for the year to come. By the end of 2020, the MBA predicts that total mortgage originations will reach their highest level in 17 years. In 2021, they expect to see this trend continue, with record-high purchase origination volume, an expanding GDP, and an upward trend in mortgage rates.
READ MOREFederal Housing Finance Agency Increases Conforming Loan Limits
Blog posted On December 01, 2020
Last Tuesday, the Federal Housing Finance Agency (FHFA) announced it is raising the conforming loan limits for loans securitized by Fannie Mae and Freddie Mac again in 2021. This year, the limit increased by 7.5%, marking the fifth straight year of loan limit increases.
READ MORE8 People You Want on Your Team When Buying a Home
Blog posted On November 26, 2020
Buying a home will likely be one of the biggest investments of your life. It can feel like a daunting process to tackle alone, but with the help of an experienced team, you can reach your goal with less stress and hassle. As the coach of your real estate team, it’s up to you to pick the best players possible. But before you do, make sure you know the positions you’re looking for.
READ MOREPreparing Your Home for a Safe Thanksgiving
Blog posted On November 25, 2020
The holidays are normally a time when you gather with friends and family to spread cheer and share food. But in 2020, we are working to avoid spreading and sharing. Many holiday traditions might look different this season in an effort to stay safe and stop the spread of the coronavirus pandemic. If you’re preparing to host a small Thanksgiving gathering this year, here are three ways to stay safe while you celebrate.
READ MOREEverything You Need to Know About the New Refinance Fee
Blog posted On November 24, 2020
In one week, the Federal Housing Finance Agency (FHFA) will begin imposing a new fee on all refinance transactions. Initially scheduled for September 1st, 2020, the Adverse Market Refinance Fee will add a 0.5% charge to all refinance loans starting on December 1st, 2020. The purpose of the fee is to protect mortgage backers Fannie Mae and Freddie Mac from predicted coronavirus-related losses.
READ MOREMarket Forecast: Case-Shiller Home Price Index, Mortgage Apps, New Home Sales
Blog posted On November 23, 2020
Mortgage rates trended downward last week and continue to remain historically low. This week, the S&P CoreLogic Case-Shiller home price index is scheduled for release on Tuesday. On Wednesday, the weekly mortgage application survey will be released by the Mortgage Bankers Association (MBA). New home sales are also scheduled for release on Wednesday.
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