30-second update: Federal Reserve Leaves Rates Unchanged
At the Federal Reserve’s most recent meeting on May 1st, the Fed voted unanimously to keep its benchmark interest rate in a range of 2.25% t…
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New Construction Up and Values Still Rising
Newly constructed homes with a signed contract are on the rise. For the month of March, new home sales increased to 692,000 from 667,000 in…
Lee masMortgage Applications are Increasing and Home Builders are Optimistic!
The Mortgage Bankers Association (MBA) released their weekly mortgage application data. This week’s report shows applications to purchase a…
Lee mas30- Second Update: US Jobless Claims Drop & Interest Rates Remain Low!
For the week ending April 6th, initial jobless claims fell 8,000 to a seasonally-adjusted 196,000, marking the lowest levels in almost 50 ye…
Lee masLow Rates, Refis and Strong Appreciation, Oh My!
The Mortgage Bankers Association has released their application report for the week of March 29th. In this release, we see that single-fami…
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Precalifíquese Llame al 800-778-904430-Second Update: Mortgage Applications Surge on Lower Rates
According to data from the Mortgage Bankers Association’s (MBA) weekly applications survey for the week ending March 22nd, mortgage applicat…
Lee masThe Fed’s New Game Plan
Despite the Fed’s tightening plan and a surging economy in 2018, interest rates have remained relatively steady over the last six months. R…
Lee mas30-Second Update: Jobs Report Exceeds Expectations/Wages Continue Higher
Despite a 35-day government shutdown, U.S. employers added 304,000 jobs in January, exceeding Wall Street’s expectation for an increase of 1…
Lee mas30-Second Update: No Rate Hike from Federal Reserve!
On Wednesday, January 29th, the Federal Reserve unanimously voted to keep their benchmark federal funds rate unchanged. The rate will remai…
Lee masHome Values and Mortgage Volume Increasing
The Federal Housing Finance Agency recently released their monthly Home Price Index (HPI), and it showed that home prices rose 0.4% on avera…
Lee mas30 – Second Update: Homeownership Still Viewed as the American Dream. Purchase Mortgage Applications Reach 8 Year High!
According to a study done by the National Association of Realtors (NAR), 75% of non-homeowners and 90% of current homeowners said homeowners…
Lee masStrong Mortgage Application Data and Favorable Labor Market
Mortgage application numbers came in much hotter than predications. Purchase applications increased for the week of 1/7/2019 by 17% and ref…
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