Mortgage Demand Surges as Rates Reach Lowest Level in Two Months
30 Second Market Update
April 26, 2021
According to the Mortgage Bankers Association’s (MBA) seasonally-adjusted index, mortgage applications surged 8.6% last week as compared to the previous week. This increase marked the first week over week increase […]
Home Builders Pushing to Help Increase Inventory
30 Second Market Update
April 19, 2021
Last week, the US Census Bureau and the US Department of Housing and Urban Development released their collaborated new home construction data for the month of March. They showed that […]
Home Buyer and Seller Confidence Continues to Rise
30 Second Market Update
April 12, 2021
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 to a level of 81.7. Fannie Mae’s […]
Homes Continue To Appreciate in Value
30 Second Market Update
April 05, 2021
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 showed that homes across the […]
Mortgage Rates Creeping Higher, Is It Still Time to Refinance?
30 Second Market Update
March 29, 2021
According to a recent report by Black Knight, the recent surge in mortgage rates of nearly 50 basis points eliminated approximately seven million “high quality” refinance candidates who are no […]
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 […]
