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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 Dip, But Still Better Than One Year Ago

Home Buying · News

Existing Home Sales Dip, But Still Better Than One Year Ago

July 28, 2017

After a strong month of sales in May, existing home sales dipped back down this past month. It was caused by the shortage of available homes on the market, the […]

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Fed rates and mortgage rates

Mortgage Strategy · News

Fed Maintains Their Rate, But Higher Rates Could Be Coming

July 26, 2017

The Fed’s most recent two-day meeting concluded on July 26, and they have decided to keep everything the same for the next six weeks or so. However, their decision could […]

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Ellie Mae June 2017

News

Mortgage Rates Dropped To Lowest Average In 2017

July 21, 2017

Rates have been gradually dropping over the past few months, but June saw some of the lowest mortgage rates of the year. As a result, June ended up having a […]

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Fannie Mae Home Sentiment June 2017

Mortgage Rates · News

Home Buyers Becoming More Optimistic Of Market

July 14, 2017

While there is still a seller’s market for housing, home buyers are starting to have a more positive outlook for the next year. In June, the overall sentiment for buying […]

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June Non-Farm Job Growth 2017

News

Job Growth Surged In June

July 7, 2017

After a few months of mixed economic news, June has provided some very positive news regarding the future of the economy. Last month, there were 222,000 jobs added to the […]

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Existing Home Sales Rise Amid Growing Economy

Home Buying · News

Existing Home Sales Rise Amid Growing Economy

June 23, 2017

Existing home sales rebounded after a weak April, rising higher despite the growing prices of homes. This means that home buyers are managing to find, and buy, homes in a […]

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Ellie Mae June 21 2017

News

Mortgage Rates Dropping As Loans Become Easier To Close

June 21, 2017

Mortgage rates have been dropping for the past few months. In May, rates dropped far enough to decrease the average rate for all closed loans by eight basis points (0.08%). […]

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FOMC Meeting June 14 2017

Home Buying · Mortgage Rates · Mortgage Strategy · News

Fed Votes To Raise Rates For Second Time This Year

June 14, 2017

After their two-day meeting concluded on June 14, the Federal Open Market Committee (FOMC) voted to raise the federal funds rate by one-quarter of a percentage point. This will increase […]

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Homeowners Think Now Is The Time To Sell

Homeowner Tips · News

Homeowners Think Now Is The Time To Sell

June 9, 2017

The seller’s market continues to dominate, and homeowners have definitely noticed. In May, the sentiment that now was a good time to sell a home rose by six percentage points, […]

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May Job Growth Impresses, Fed Rate Hike Likely

News

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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