Been a long two weeks, the markets have been volatile, but stable if that makes any sense. We have seen huge swings but at the end of the day they have averaged out in a pretty consistent pattern. CPI number hit the wire along with the news spokesholes spamming the outlets about mortgage rates hitting lowest levels in 60 years. Major banks, BofA specifically is still bleeding out uncontrollably we could see a flat line scenario soon. Mortgage Bonds are off today…my advice is to lock in while rates are at these levels.
- Home Sellers: There Is an Extra Way To Welcome Home Our VeteransSome veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR): “Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021, an increase from about 65% during 2018 through […] […]
- 4 Reasons Why the End of Forbearance Will Not Lead to a Wave of ForeclosuresWith forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 […]
- A Look at Housing Supply and What It Means for SellersOne of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and […]
- Home Sellers: There Is an Extra Way To Welcome Home Our Veterans