The Fed and Lower Rates
June 24, 2019
After the Fed’s meeting last week, we saw bond pricing improve which has pushed interest rates even lower. The Fed has decided to keep the Fed Funds rate unchanged. They […]
30-Second Update: Mortgage Applications Surge, Rates Near Lowest Level in Two Years!
June 17, 2019
According to the Mortgage Bankers Association’s seasonally-adjusted index, mortgage applications surged 26.8% in the week ending June 7th. In addition, overall mortgage volume was 41% higher than this time a […]
Home Appreciation is Improving and Refi’s are Hot!
June 10, 2019
According to CoreLogic, since this time last year, home prices have increased by 3.6%! Since last month, they have increased by 1%. CoreLogic also forecasts that home prices will continue […]
30-Second Update: Rates Are Low, Can They Go Lower?
June 03, 2019
Earlier this month, the Federal Open Market Committee announced that no foreseeable moves to interest rates were expected “for some time.” Markets have now reversed their position, however, and now […]
Loan Applications on the Rise and Home Sales Bouncing Back
May 28, 2019
The Mortgage Bankers Association released their weekly loan application report, and we see that while weekly purchase applications were slightly lower, they are up about 7% since this time last […]
30-Second Update: Home Builder Confidence hits Seven Month High
May 20, 2019
The latest National Association of Home Builders Housing Market Index, which measures builder’s confidence in newly built, single-family homes, rose three points to 66 in May. This is the highest […]
Great Time to Purchase a Home
May 13, 2019
CoreLogic has just reported their national Home Price Index, and it shows that home prices are forecasted to increase by 4.8% over the next year. Their last annual forecast was […]
30-second update: Federal Reserve Leaves Rates Unchanged
May 06, 2019
At the Federal Reserve’s most recent meeting on May 1st, the Fed voted unanimously to keep its benchmark interest rate in a range of 2.25% to 2.5%. The benchmark interest […]
New Construction Up and Values Still Rising
April 29, 2019
Newly constructed homes with a signed contract are on the rise. For the month of March, new home sales increased to 692,000 from 667,000 in February. This new rate of […]
Mortgage Applications are Increasing and Home Builders are Optimistic!
April 22, 2019
The Mortgage Bankers Association (MBA) released their weekly mortgage application data. This week’s report shows applications to purchase a home have increased 1% since last week, with purchases making up […]
30- Second Update: US Jobless Claims Drop & Interest Rates Remain Low!
April 15, 2019
For the week ending April 6th, initial jobless claims fell 8,000 to a seasonally-adjusted 196,000, marking the lowest levels in almost 50 years. These numbers are welcome and surprising, since […]
Low Rates, Refis and Strong Appreciation, Oh My!
April 08, 2019
The Mortgage Bankers Association has released their application report for the week of March 29th. In this release, we see that single-family home sales increased by 3% and refinances increased […]