Mortgage Market Update
The market has for the most part taken a nose dive the past 24-48 hours. We have seen rates on some programs go up almost a half point! There are so many varying opinions out there that it’s hard to…
THE FED RATE CUT HAS NOTHING TO DO WITH MORTGAGE RATES
THE FED RATE CUT HAS NOTHING TO DO WITH MORTGAGE RATES MBS Commentary | 12:28PM By: Matthew GrahamThe Fed announced an emergency rate cut of 50bps today (0.50%). Great! So your mortgage rate could be 0.5% lower, right?WRONG!And to…
New analysis: Spring homebuying season may be the last affordable one for some time
New analysis: Spring homebuying season may be the last affordable one for some time. Aly J. Yale The Mortgage Reports Contributor February 10, 2020 - 1 min read If you’re looking to buy a home this year,…
Single-family rents jump another 3%; is it time to buy a house instead?
Aly J. Yale The Mortgage Reports Contributor Rents rise again, especially on lower-priced properties Single-family rents continued their upward climb last month, notching a 3.1 percent jump over a year prior. According to new data, the spike was worse on the…
How hard is your Loan Officer Working for You?
How hard is your Loan Officer working for You? In what appears to be a simple question, once you gain a little more knowledge it’s actually a very complex one. The reason is simple: Either your loan officer is simply…
A look back: What October meant for the housing market
A look back: What October meant for the housing market Aly J. Yale The Mortgage Reports Contributor November 4, 2019 - 1 min read An up and down housing market What did October do for the U.S. housing market? According to…
Survey says: Homeowners want to refinance — and it could save them $44,000 or more
Survey says: Homeowners want to refinance — and it could save them $44,000 or more. Aly J. Yale The Mortgage Reports Contributor September 24, 2019 - 3 min read In August, refinance activity was up by 458 percent Mortgage rates have dropped…
Mortgage Rates Enjoy Surprise Drop Ahead of Fed Day.
BY: MATTHEW GRAHAM Mortgage Rates have generally been moving sideways for the past 2 weeks. This has accomplished a twofold goal of coming to terms with the strong gains seen in May as well as preparing for tomorrow's hotly-anticipated announcement from…
Home sellers do less than 3 hours of research, hire the first agent they meet.
Erik J. Martin The Mortgage Reports Contributor Home sellers hate homework Thinking about selling your home? Prepare to do your proper seller research. Because rushing into the process without knowing the facts can lead to regret. It could result in…
Housing inventory is up, especially on starter homes.
Starter home inventory on the rise Aly J. Yale The Mortgage Reports Contributor May 13, 2019 - 1 min read Housing inventory has finally stopped its longstanding decline. And even better for first-time homebuyers, starter home inventory is actually on the…
