New Construction Up and Values Still Rising
Advisors Family
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!
Advisors Family
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!
Advisors Family
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!
Advisors Family
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 […]
30-Second Update: Mortgage Applications Surge on Lower Rates
Advisors Family
April 01, 2019
According to data from the Mortgage Bankers Association’s (MBA) weekly applications survey for the week ending March 22nd, mortgage applications increased 8.9% from the previous week and 5.7% from a […]
The Fed’s New Game Plan
Advisors Family
March 25, 2019
Despite the Fed’s tightening plan and a surging economy in 2018, interest rates have remained relatively steady over the last six months. Recently, the Federal Reserve announced a new plan […]
30-Second Update: Jobs Report Exceeds Expectations/Wages Continue Higher
Advisors Family
February 20, 2019
Despite a 35-day government shutdown, U.S. employers added 304,000 jobs in January, exceeding Wall Street’s expectation for an increase of 165,000 jobs. The January increase represents 100 consecutive months of […]
30-Second Update: No Rate Hike from Federal Reserve!
Advisors Family
February 04, 2019
On Wednesday, January 29th, the Federal Reserve unanimously voted to keep their benchmark federal funds rate unchanged. The rate will remain in the 2.25%-2.5% range after being increased by 25 […]
Home Values and Mortgage Volume Increasing
General News
January 28, 2019
The Federal Housing Finance Agency recently released their monthly Home Price Index (HPI), and it showed that home prices rose 0.4% on average across the country for the month of […]
30 – Second Update: Homeownership Still Viewed as the American Dream. Purchase Mortgage Applications Reach 8 Year High!
General News
January 21, 2019
According to a study done by the National Association of Realtors (NAR), 75% of non-homeowners and 90% of current homeowners said homeownership was an essential aspect to the “American Dream”. […]
Strong Mortgage Application Data and Favorable Labor Market
General News
January 14, 2019
Mortgage application numbers came in much hotter than predications. Purchase applications increased for the week of 1/7/2019 by 17% and refinances increased by 35%. Purchases are 4% higher than this […]
U.S. Adds Most Private Sector Jobs in Almost 2 Years!
General News
January 07, 2019
Automatic Data Processing (ADP) reported that private sector employment jumped significantly in December, adding 271,000 jobs. This increase was well above the 175,000 that economists expected and was the most […]
