Take a Break with Some Feel Good News

Rates and home prices still are up. Inventory and affordability are still down. Nothing is much different from the past several weeks. Same old, same old. Seems like an eternity since there has been really good news in the mortgage or real estate markets. So, it's time to mix it up with some feel good [...]

By | 2018-05-17T11:03:11+00:00 May 18th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Are Mortgage and Real Estate Markets Transitioning to a New Normal?

Things in the mortgage and real estate markets have not changed much in the past week or so. Rates are basically flat, affordability is down because inventory is low, and prices are continuing to rise because of the demand created by the remarkably low inventory — especially when it comes to entry level homes. Much [...]

By | 2018-05-10T13:54:37+00:00 May 11th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

A New Creative Financing Solution to Help Your Homebuyers

At the end of July, Embrace Home Loans will be taking advantage of some agency guideline changes, offering a 3% down conventional mortgage to first-time homebuyers without any of the income and geographic restrictions currently in place. This announcement may seem a little premature, but it is useful information to have as you work with clients [...]

By | 2018-05-03T14:57:10+00:00 May 4th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Why Affordability May Become a Big Issue for Homebuyers

Media reports recently indicated that mortgage rates hit a four-year high last week when they reached 4.46% for a 30-year mortgage. Headlines read that this was the highest level since January 2014. They are even higher this week. While it sounds daunting, in a historical context, today's rates are only a little over half of [...]

By | 2018-04-26T12:01:58+00:00 April 27th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

There’s an Increasing Preference for Renting. Now What?

It looks like spring has arrived. Well, maybe not the weather—but the spring home buying season is here. As housing affordability continues to be a concern for more and more potential homebuyers, rising interest rates and increasing home prices have many entering the home buying market this spring. The demand appears to be driven, though, [...]

By | 2018-04-20T07:59:02+00:00 April 20th, 2018|Categories: Mortgage|Tags: |

How Do You Win a Bidding War?

This means war! No, we are not talking about some cataclysmic geopolitical event. It's much more personal—it's a home buying bidding war. This spring’s home buying market is likely to be historical in the sense that extraordinarily high demand will significantly outpace the record low supply of inventory. That is going to lead to bidding [...]

By | 2018-04-12T15:14:43+00:00 April 13th, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Incentivize Homeowners with Equity to Move Up

According to Black Knight Financial Services, the rise in home values over the past couple of years has the amount of equity available to homeowners hitting a new high in February 2018. There is $5.4 trillion in available equity for homeowners to access—that is 10% more than the peak reached in 2005. Okay, tap the brakes [...]

By | 2018-04-04T14:45:12+00:00 April 6th, 2018|Categories: Mortgage|Tags: |

Where Can Rates Actually Go?

Freddie Mac recently took a look at the effects of times there were rate increases of at least one full percentage point over the course of at least eight months. As expected, in periods of rising rates: Home sales slipped Mortgage applications dropped off Housing starts stalled According to Freddie Mac, rising rates on average [...]

By | 2018-03-30T12:11:25+00:00 March 30th, 2018|Categories: Mortgage|Tags: |

Trulia: Homes Are the Most Affordable They’ve Been in 40 Years

If you have someone wavering—like those first-time homebuyers who are convinced they missed the boat for affordable home mortgage financing—tell them to run and jump for that ship. It looks like it is about to set sail, but it has not quite left the dock. While everything might have them believing differently, according to Trulia [...]

By | 2018-03-21T12:46:29+00:00 March 23rd, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

Prepare for Rapid Changes

Without getting into the politics of Wednesday's school walkouts or entering into any part of the debate, we should look at it as a teaching moment. Technology and social media provide the opportunity to change and shape ideas in very short order and galvanize a demographic. Technology changes everything including perceptions and beliefs. No matter [...]

By | 2018-03-15T10:26:01+00:00 March 16th, 2018|Categories: Mortgage|Tags: |

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