Market Update January 2023
Mortgage News>> Market Update January 2023 Market Update January 2023 COMMENTARY: THE YEAR AHEAD For nearly 20 years I have been creating a Market Update for my previous, current, and prospective clients – as well as for my employees, and my mortgage family. This monthly exercise is not to provide entertainment, nor to sell you […]
Financial Fundamentals for First-Time Homebuyers
Home>>Mortgage News>> Financial Fundamentals for First-Time Homebuyers Are you prepping to buy your first home? If so, one of the steps you should take early on is to make sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a […]
Homeowners Still Have Positive Equity Gains
Home>>Mortgage News>> Homeowners Still Have Positive Equity Gains If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Homeowners Still Have Positive Equity Gains Equity is the current […]
The Benefits Of Selling Your Home In This Market
Home>>Mortgage News>> The Benefits Of Selling Your Home In This Market At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. Ready To Sell? Today’s Housing Supply Gives You Two Opportunities An article from Calculated Risk helps put […]
Homeownership Is An Investment In Your Future
Home>>Mortgage News>> Homeownership Is An Investment In Your Future There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. Mortgage Rates Will Come Down As Bob Broeksmit, President and CEO […]
Market Update December 2022
Mortgage News>> Market Update December 2022 Market Update December 2022 STRONGER THAN EXPECTED JOB GROWTH – NOT GOOD The job report was much higher than expected, despite the Fed’s relentless pursuit to cool the economy and rein in inflation. Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department […]
Mortgage Rates Will Come Down
Home>>Mortgage News>> Mortgage Rates Will Come Down This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. Mortgage Rates Will Come Down All of this is due to the fact that the average 30-year […]
Buyers: You May Face Less Competition as Bidding Wars Ease
Home>> Buyers: You May Face Less Competition as Bidding Wars Ease Buyers: You May Face Less Competition as Bidding Wars Ease One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for […]
Market Update September 2022
Mortgage News>> Market Update September 2022 Market Update September 2022 Check Today’s Rates for Mortgage and Refinance NEW HOME SALES TUMBLE The US economy is in a recession (by definition) and housing is taking the brunt of it. New Home Sales in August fell 12.6%; far exceeding the estimates of a 2.7% decline. Remember all […]
What the Stock Market Says About the Value of Your Home
Home>> What the Stock Market Says About the Value of Your Home What the Stock Market Says About the Value of Your Home While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, […]