30 Second Update: Week of September 16th, 2019
Advisors Family
September 16, 2019
According to the National Association of Home Builders (NAHB), from April to June, 55% of home shoppers who were actively seeking to purchase a home were unsuccessful in finding one, […]
Healthy Market Conditions Continue
Advisors Family
September 03, 2019
Mortgage application data just came in from the Mortgage Bankers Association, and refinances dropped slightly for the week by 8%, but are still up almost 170% for the year. Home […]
30 Second Update: Mortgage Rates Hit 3-Year Lows/Demand for Housing Increasing
Advisors Family
August 12, 2019
According to Mortgage News Daily, for the week ending August 2nd, rates on 30-year fixed mortgages have reached 3-year lows. Current rates are the lowest since November 2016. Freddie Mac […]
Pending Home Sales are Still Strong and Homes Continue to Appreciate
Advisors Family
August 05, 2019
The National Association of Realtors (NAR) reported that Pending Home Sales, which reports on signed contracts, has increased from 1.1% to 2.8% for the month of June. The index associated […]
30-Second Update: Sellers Earning More on Home Sales & July Interest Rate Cut Likely
Advisors Family
July 29, 2019
According to data provided by Redfin, home prices rose for the third consecutive month in June. The data indicated that US home prices reached a median value of $321,200, which […]
Low Mortgage Delinquencies and Healthy Outlook for Housing
Advisors Family
July 22, 2019
As we have been saying, homeownership is a great way to build wealth. CoreLogic is reporting that the average gain nationwide in home equity per borrower in 2018 was $13,600! […]
30-Second Update: Economic Expansion & Stock Market All-Time High
Advisors Family
July 15, 2019
According to the National Bureau of Economic Research, this month marks the longest expansion of economic growth since 1854, stemming back to June of 2009, a record 121 months! Gross […]
Home Prices Continue to Appreciate
Advisors Family
July 08, 2019
CoreLogic has reported that single family homes across the nation have appreciated in price by 3.6% from May last year to May this year. They are also forecasting that there […]
30-Second Update: Pending Home Sales Rise/Mortgage Rates Hit 2 ½ Year Low
Advisors Family
July 01, 2019
The Pending Home Sales Index, which is a forward-looking indicator based on home contract signings, increased 1.1% to 105.4 in May, up from April’s 104.3. Pending home sales in the […]
The Fed and Lower Rates
Advisors Family
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!
Advisors Family
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!
Advisors Family
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 […]
