Homebuyer Demand Hits Highest Level Since 2009!
30 Second Market Update
January 20, 2020
The mortgage industry is officially off to a record start in 2020. According the Mortgage Bankers Association’s seasonally-adjusted index, mortgage application volume surged 30.2% last week from the previous week. […]
Increased Loan Limits in Effect
30 Second Market Update
January 06, 2020
As of January 1, 2020, the new and increased loan limits for Fannie Mae, Freddie Mac, and FHA are now in place. Fannie Mae and Freddie Mac loan limits are […]
Fannie Mae Boosts 2020 Housing Forecast
30 Second Market Update
December 23, 2019
The research team at Fannie Mae have revised their 2020 housing forecasts to much higher levels. This past year, growth in single-family housing starts grew just over 1% annually. Now, […]
U.S. Unemployment Rate Hits 50-Year Low
30 Second Market Update
December 09, 2019
According to the recently released November Jobs Report, the unemployment rate ticked down to 3.5% from 3.6%, matching the lowest jobless rate in 50 years. In November, 266,000 new jobs […]
US Housing Starts Hit Twelve Year High
30 Second Market Update
November 25, 2019
US housing starts, which represent permits for future home construction, jumped 3.8% in October to 1.314 million units, representing a twelve-year high. Single family homes jumped 2% to a rate […]
Sales of New Homes Expected to Reach 13 Year High in 2020
30 Second Market Update
November 18, 2019
According to the National Association of Realtors (NAR), new home sales are expected to rise 11% to 750,000 in 2020. This would be the highest reading since 2007. In addition, […]
30 second update: Fed Cuts Interest Rates: How It Affects You!
Advisors Family
November 04, 2019
On October 30th, the Federal Open Market Committee lowered its benchmark funds rate by 25 basis points to a range of 1.5% – 1.75%, which is down from 1.75% – […]
30-Second Update: Homebuilder Confidence Surges to Highest Level in Two Years
Advisors Family
October 21, 2019
According to the National Association of Home Builders (NAHB) Housing Market Index, builder confidence on single family properties surged three points in October to 71. This jump marks the highest […]
30-Second Update: Freddie Mac Forecasts Strong Fall Housing Market
Advisors Family
October 07, 2019
Due to strong August and September housing numbers, Freddie Mac has forecasted that the housing market will maintain its strength well in into fall and early 2020. Lower mortgage rates […]
30-Second Update: Home Sales Rise to 17-Month High!
Advisors Family
September 23, 2019
According the National Association of Realtors (NAR), U.S. home sales rose to a 17-month high in the month of August, up 1.3% from the previous month. In addition, total existing […]
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, […]
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 […]
