Why Are Interest Rates Moving Up?
30 Second Market Update
March 22, 2021
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. Inflation occurs when prices rise, […]
Refinances Starting to Decline, but Purchases Stay Strong as Rates Begin to Rise
30 Second Market Update
March 15, 2021
According to Black Knight’s Mortgage Monitor Report, roughly 2.8 million homeowners refinanced their mortgage in the last quarter of 2020. That represented a record breaking $869 billion in refinance lending. […]
Housing Market Update
30 Second Market Update
March 08, 2021
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 recent reports that reinforcing the […]
Home Prices Continue Their Record Climb!
30 Second Market Update
March 01, 2021
Despite typically being the slowest month for the housing market, December 2020 marked the fastest rise in home prices in nearly seven years, according to the S&P CoreLogic Case-Shiller Home […]
Why Did Interest Rates Move Up Last Week?
30 Second Market Update
February 22, 2021
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 inflation? Inflation occurs […]
Bidding Wars Continue at an All-Time High
30 Second Market Update
February 15, 2021
As Presidents Day Weekend marks the unofficial start of the spring housing season, home buyers continue to find themselves in situations where they routinely get out-bid on their home purchase […]
Mortgage Application Data Breakdown
30 Second Market Update
February 08, 2021
The Mortgage Bankers Association (MBA) released their national mortgage application data for the week of January 17th, and the report showed that overall mortgage volume increased by 8.1%. When digging […]
Home Sales Expected to Surge to Record Numbers in 2021
30 Second Market Update
February 01, 2021
Zillow is now forecasting a 21.9% growth in sales, for a total of 6.82 million homes sold in 2021. This would mark the biggest annual sales growth since 1983. Jeff […]
New Construction Comes in Hot
30 Second Market Update
January 25, 2021
The US Census released residential construction data last week, and it showed that housing starts or the breaking of ground for new construction was up 5.8% in the month of […]
Refinance Demand Stays Strong
30 Second Market Update
January 18, 2021
Mortgage rates in 2020 experienced record low after record low throughout the year. The early weeks of 2021, however, have seen rates begin to tick up a bit. This slight […]
Housing Demand Continues to Drive Pricing
30 Second Market Update
January 11, 2021
CoreLogic released their Home Price Index last week, and it showed that home prices across the nation increased in price by 1.1% in the month of November. Over the last […]
Mortgage Applications Continue to Rise
Advisors Family
June 08, 2020
According to the Mortgage Bankers Association (MBA), mortgage applications to purchase a home increased 9% from the last week, which represents a staggering 54% increase since early April. This increase […]
