Mortgage Rates Move Back Down, but Will They Stay There?
According to Freddie Mac, for the week ending May 6th, mortgage rates reached their lowest levels since this past February. In addition, thi…
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30 Second Market Update
GDP Points to Recovery
What is GDP? According to the Bureau of Economic Analysis, GDP stands for Gross Domestic Product and is an index that represents the market…
Read moreMortgage Demand Surges as Rates Reach Lowest Level in Two Months
According to the Mortgage Bankers Association’s (MBA) seasonally-adjusted index, mortgage applications surged 8.6% last week as compared to…
Read moreHome Builders Pushing to Help Increase Inventory
Last week, the US Census Bureau and the US Department of Housing and Urban Development released their collaborated new home construction dat…
Read moreHome Buyer and Seller Confidence Continues to Rise
According to Fannie Mae’s Home Purchase Sentiment Index (HPSI), consumer confidence to sell or buy a home increased in March by 5.2 points t…
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Get pre-qualified Call 800-778-9044Homes Continue To Appreciate in Value
Last week, the Case-Shiller Home Price Index was released for the month of January. Even though there is a two-month lag in their data, it s…
Read moreMortgage Rates Creeping Higher, Is It Still Time to Refinance?
According to a recent report by Black Knight, the recent surge in mortgage rates of nearly 50 basis points eliminated approximately seven mi…
Read moreWhy Are Interest Rates Moving Up?
You may have noticed interest rates increasing over the last few weeks, but why does this happen? The main answer has to do with inflation.…
Read moreRefinances Starting to Decline, but Purchases Stay Strong as Rates Begin to Rise
According to Black Knight’s Mortgage Monitor Report, roughly 2.8 million homeowners refinanced their mortgage in the last quarter of 2020. T…
Read moreHousing Market Update
The housing market is still very hot. Even with around 26% less inventory, homes sales are still at all time record levels. Let’s review the…
Read moreHome Prices Continue Their Record Climb!
Despite typically being the slowest month for the housing market, December 2020 marked the fastest rise in home prices in nearly seven years…
Read moreWhy Did Interest Rates Move Up Last Week?
You may have seen interest rates tick up last week? This happened for a few reasons, but the main one has to do with inflation. What is in…
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