May Job Growth Impresses, Fed Rate Hike Likely
June 2, 2017
There were 138,000 jobs added to the economy in May, lower than the expected 185,000 jobs leading up to the data being released. However, the number of jobs added is […]
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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.
Existing Home Sales Tighten As Summer Approaches
May 24, 2017
After a month of impressive home sales, April saw a drop in the total number of existing homes sold. Despite the decrease, April was still one of the best months […]
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Purchase Loans Rise As Time To Close Drops
May 19, 2017
In April, the number of purchase loans closed rose compared to refinances, furthering the gap between the two. Now, nearly ⅔ of all closed mortgages are purchase loans. Last month, […]
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Home Buying Sentiment Rises As Home Buyers Gain Confidence
May 12, 2017
The total number of people who believed that now is a good time to buy a home rose by five percent this past month. This was coupled with a decrease […]
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April Job Growth Soars Following Poor Month
May 5, 2017
Over 200,000 jobs were added to the economy last month, an incredibly high clip that follows a poor showing in March. This couples with a decrease in the the unemployment […]
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Fed Votes To Keep Their Rate Unchanged
May 3, 2017
After their two-day meeting concluded on May 3, the Federal Reserve announced that they voted to maintain their current target rate. That means that their rate will still be in […]
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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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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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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
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