Existing Home Sales Hit 10-Year High
April 26, 2017
After February saw a dip in the number of existing homes sold, a new 10-year record was set in March. Last month, existing home sales jumped by 4.4%, a massive […]
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Category: News
Significant events happen in the mortgage market every day. Lending rules change constantly, and rates are always in flux. We give you the news, but also the “so what” factor: how market changes affect your home finance plans. Whether you plan to buy or refinance, our reports will help you make the best decisions and lower your homeownership costs.
Mortgages Closing Near Record Pace
April 21, 2017
Last month, mortgage rates began to drop and home buyers tried to take advantage of the shift in rates. Fortunately for them, mortgages closed near a record pace in the […]
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Expected Rise in Home Prices Causes Drop in Home Buyer Sentiment
April 14, 2017
Confidence in the housing market dropped in March, but that doesn’t mean that there is low confidence in the market. In fact, home buyers today have a more positive expectation […]
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Job Growth In March Slows
April 7, 2017
There were almost 100,000 jobs added to the economy in March. But the number was significantly lower than previous months. The slow level of job growth could be a sign […]
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Existing Home Sales Drop, But Still Improving
March 24, 2017
The number of existing homes sold in February might have been a drop from the previous month, but home sales are still stronger than they have been. In fact, last […]
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Loans Closing Quicker, Average Credit Scores Of Closed Loans Dropped
March 17, 2017
February saw rising rates for all types of loans, but that doesn’t mean that it was harder for mortgages to close. The average number of days it took for a […]
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Fed Raises Rates For Third Time In Past 16 Months
March 15, 2017
The Federal Reserve voted to raise their interest rate after their two-day meeting concluded on March 15. This was largely expected after the Fed chairwoman Janet Yellen announced a few […]
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Home Buying Sentiment Rises To Highest Recording Ever
March 13, 2017
Ever since home buying sentiment has started being tracked, there has never been more confidence in the housing market than there is right now. According to Fannie Mae’s Home Purchase […]
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Mortgage Rates · Mortgage Strategy · News
February Job Growth Sets Up Rate Hike
March 10, 2017
Job growth over the past month exceeded expectations, continuing a trend of the economy growing quicker than expected. For home buyers, this almost certainly means higher mortgage rates. In the […]
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Home Sales Set Fastest Pace In Almost 10 Years
February 24, 2017
January was a strong month for the housing market with existing home sales setting an incredible pace. Last month, there was a 3.3 percent increase in existing home sales. Adjusted […]
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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
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