Builder Optimism Growing in 2024
30 Second Market Update
January 22, 2024
The National Association of Home Builders released their Home Builder Sentiment index, and it showed that home builder confidence has increased due mostly to falling interest rates. The overall index […]
Resilient Housing Market and Intense Buyer Demand
30 Second Market Update
January 15, 2024
CoreLogic reported last week that home prices across the country increased 5.2% from November 2022 to November 2023. This index joins the Case Shiller Home Price Index and Federal Housing […]
Pending Home Sales were a Miss, but Expected to Improve in 2024
30 Second Market Update
January 08, 2024
The National Association of Realtors revealed that Pending Home Sales or signed contracts for the month of November were unchanged at 71.6 from October. This forward-looking gauge or index stayed […]
A Lot to Look Forward to in 2024
30 Second Market Update
January 01, 2024
As we start a new year, we have a lot to look forward to. We have inflation trending lower via the PCE, CPI, and PPI indexes, a Federal Reserve that […]
Optimistic Housing Report Shows The Market is Picking Up
30 Second Market Update
December 25, 2023
The National Association of Realtors released its Existing Home Sales report for the month of November, and it showed that sales rose 0.8%. This ended a five-month streak of monthly […]
Underwriting 101
Knowledge Base
December 19, 2023
Underwriting (AKA “UW”) is the process by which your lender verifies your income, assets, debt and property details in order to issue final approval on your loan application. In other […]
The Fed Changing It’s Tune
30 Second Market Update
December 18, 2023
After the Federal Reserve meeting last week, we saw interest rates improve another leg lower. The Fed mentioned that it would not hike the federal reserve rate and kept rates […]
HELOC — Home Equity Line of Credit
Knowledge Base
December 12, 2023
A Home Equity Line of Credit (HELOC) is a distinctive financial tool in the mortgage world that offers homeowners a flexible way to access funds. Understanding how a HELOC works […]
Jobs Report Breakdown
30 Second Market Update
December 11, 2023
At the beginning of every month, the Bureau of Labor Statistics (BLS) releases its Employment Situation or Jobs Report, The Establishment Survey, and the Household Survey. The Establishment Survey is […]
Reverse Mortgages
Knowledge Base
December 05, 2023
A reverse mortgage is a unique financial product designed primarily for homeowners aged 62 and older, offering them a way to convert part of the equity in their homes into […]
Home Price Appreciation Continuing to Stay Strong
30 Second Market Update
December 04, 2023
The latest home appreciation reports were recently released, and they both showed home price appreciation is continuing. The September Case Shiller Home Price Index, which is seen as the most […]
What is a USDA Loan?
Knowledge Base
December 01, 2023
A USDA home loan is a zero down payment mortgage for home buyers in eligible towns and rural areas. Because USDA loans allow for a $0 down payment, they can […]
