How Last Week’s Stock Market Impacted Home Buying

Last week, we talked about stock market volatility and the potential impact on the home buying consumer. Last week’s mortgage application numbers seem to reflect that impact was significant, with purchase applications down 6% for the week—but still 4% higher than last year. What we may have witnessed is the result of some frustrated homebuyers [...]

By | 2018-02-15T09:34:13+00:00 February 16th, 2018|Categories: Mortgage|Tags: |

What Does the Stock Market Volatility Mean for Mortgages?

If you've been paying attention to the news recently, you've undoubtedly thought, "What does the stock market volatility mean for mortgages?" Housingwire.com summed it up best:“pretty much nothing”---unless the recent volatility is dragged out over the next few weeks, which is good news for lenders and real estate professionals. The greatest impact will be to [...]

By | 2018-02-14T13:52:18+00:00 February 9th, 2018|Categories: Mortgage|Tags: |

Give Your Buyers a Competitive Advantage This Spring

How many times have you heard “there has never been a better time” to do something? This statement couldn’t be more true if you are thinking about preparing for this spring’s home buying season. Interest rates are up, home prices continue to rise, inventory is low—and likely to stay that way—and continuing to rent is [...]

By | 2018-02-14T13:52:36+00:00 February 2nd, 2018|Categories: Mortgage|Tags: |

Fast Facts About the Housing Market: December 2017

Now that we're almost a full month into 2018, we can look back at the end of 2017 and get some perspective on the year. Overall, 2017 was a great one for existing-home sales. It was up 1.1% from last year and was the best year for sales since 2006. One interesting part of the [...]

By | 2018-01-30T11:52:58+00:00 January 31st, 2018|Categories: Advice, Mortgage|Tags: , , , , , |

Home Buyer on the Fence? How Waiting Can Hurt Borrowing Power

A young homebuyer makes about $85,000 each year. Assuming solid credit---and other monthly liabilities, like car payments and student loans (limited to $600/month) and taxes, homeowners insurance and mortgage insurance on the new home (about $700/month)---that prospective homebuyer could possibly qualify for about $352,000.

By | 2018-02-14T13:53:06+00:00 January 26th, 2018|Categories: Mortgage|Tags: |

The Rise of the Millennial Homebuyer

Dylan. Chelsea. Austin. Alexandra. Taylor. If you are fond of Jeopardy, you may be thinking “What are names that spiked in popularity between 1992 and 1995?”  Good news: You are correct. According to ATTOM Data Solutions, who analyzed the first names of more than 4 million individuals who purchased homes in 2017, those are the [...]

By | 2018-02-14T13:53:20+00:00 January 19th, 2018|Categories: Mortgage|Tags: |

How Realtors & Mortgage Lenders Can Help Homeowners Leverage Trillions in Equity

Recent news has homeowners sitting on trillions in cash—$5.5 trillion in equity before they even get to 80% loan-to-value against the home, according to Black Knight Data and Analytics. Many in the industry see it as an equity loan or line of credit mortgage opportunity—and it certainly is. However, it’s also an opportunity for homeowners [...]

By | 2018-02-14T13:54:14+00:00 January 12th, 2018|Categories: Mortgage|Tags: |

2018 Market Insights: Looking Forward to a Prosperous Year

2017 wrapped up pretty well. Home prices were up about 6% year-over-year, as were median sales prices. Interest rates are still low and affordable to many, and the economic outlook for 2018 seems okay. As we finish up this first week of 2018 (and adjust to the bitter cold of winter), there’s a lot to [...]

By | 2018-02-14T13:54:54+00:00 January 5th, 2018|Categories: Mortgage|Tags: |

Destination or Fresh Start

Some see the New Year as a destination. Maybe to some it is an opportunity to close a chapter. For some it is a new start. It is pretty much about your prospective. But no matter what that prospective, the New Year is basically a mile marker in a journey. I

By | 2018-02-14T13:55:11+00:00 December 29th, 2017|Categories: Mortgage|Tags: |

Fast Facts About the Housing Market: November 2017

Was the U.S. housing market something you said you were thankful for at the Thanksgiving table? If not, it should have been! According to Realtor.com, sales in November were 3.8% higher than a year ago and were at their strongest pace since December 2006. The regions with the lowest median home prices also saw the [...]

By | 2017-12-26T12:00:36+00:00 December 28th, 2017|Categories: Advice, Mortgage|Tags: , , , , , |

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