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Mortgage Application Closed At 18-month High Ellie Mae December 2017

News · Refinance

Mortgage Applications Closing At 18-Month High

January 19, 2017

Despite rising mortgage rates, December saw the highest percent of closed mortgage in the past 18 months. Of all mortgage applications, 73.2% of them were approved in the month of […]

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Strange disclosures from home sellers

Uncategorized

Crazy And Weird Disclosures From Home Sellers

January 17, 2017

When you put an offer in on a home, it is the seller’s responsibility to tell you in writing any problems, minor or major, that they are aware of inside […]

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VA home loan limits 2014

VA Home Loans

Higher VA Loan Limits for 2018

January 16, 2017

Editor’s note: Thanks to the Blue Water Navy Vietnam Veterans Act of 2019, VA loan limits are a thing of the past. Because loan limits are now repealed, there are […]

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What is a home inspector and what do they do?

Home Buying · Homeowner Tips

What To Expect From A Home Inspection

January 10, 2017

The things that Lon Grossman has seen in over 50 years as a home inspector in Michigan would surprise most people. “I keep saying that I’ve seeing everything. But then […]

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Nonfarm Payrolls Mortgage Rates December 2016

Uncategorized

December Job Growth Shows Signs Of Rising Rates

January 6, 2017

December marked another consecutive month of healthy job growth, helping keep the unemployment rate low while wages rise. There were 156,000 jobs added in December, just slightly below the expected […]

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Credit score average for closed loans dropping

Conventional Loans · News

Mortgage Approval Became Easier In November

December 29, 2016

Many home buyers noticed the rising rates throughout the month of November. However, some may be surprised to find out that it actually became slightly easier to be qualified for […]

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Fed Meeting December 2016 Fed Rate Hike

Mortgage Rates · News

Fed Raises Rates, Mortgage Rates Likely To Follow

December 14, 2016

For the first time since December of 2015, the Fed decided to raise the federal funds rate. This is only the second time the Fed has raised rates since 2008, […]

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Mortgage Rates November Non-Farms Payroll 2016

Uncategorized

November Job Growth Leads To Drop In Unemployment

December 2, 2016

November’s job growth outpaced October, indicating that the economy is growing at a healthy pace and should continue to do so. There were 178,000 jobs added in November, a sharp […]

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Mortgages close at record pace October 2016

News

Mortgages Closed At Record Clip In October

November 18, 2016

Continuing a 2016 trend, mortgages in October closed at the highest clip in the past 16 months. Of all mortgages applications in October, exactly 73% of them closed, meaning the […]

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Rates could hold above 4 percent

News

Post-Election Era: 4% To Become “New Normal” For Mortgage Rates

November 10, 2016

30-Year Fixed Rates At 4% Will Be The New 2017 Reality Mortgage rates were supposed to be near 2% by now. Great Britain voted to leave the European Union, global markets were […]

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