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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.

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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Existing Home Sales Tighten As Summer Approaches

News

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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Ellie Mae April 2017

News

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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Fannie Mae National Housing Survey May 12 2017

Home Buying · News

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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Non Farms Payroll Report April 2017

Home Buying · News

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

Mortgage Rates · News

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 April 2017

News

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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Ellie Mae March 2017, mortgages close quicker

Mortgage Rates · News

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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Fannie Mae March 2017 Home Buying

Home Buying · News

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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