It may seem counterintuitive to think that demand would increase at the same time that rates are inching back up again. But once we look at the data, and we match that with our borrower’s sentiment, goals and personal aspirations…it makes sense. And what about that generation that’s hunkered down and aging in place?…Is this […]
If you told us in 2023 that we would see the return of buyer bidding wars, the number of homes experiencing price drops would be in decline, and that serious mortgage delinquencies lowest since 1999….we probably would have laughed. But here we are at the end of January and this is REALLY happening in the […]
As we declared in 2023, we are going to see some very creative solutions come to the market as we confront the highest interest rates in 22 years, lowest affordability in more than 40 years, and home prices not giving up! A few school districts are testing a new model that could help provide housing […]
You probably didn’t hear that refinance applications went on an absolute tear last week did you? Well, they did. Applications to refinance a home loan jumped 19% from the previous week and were 30% higher than the same week one year ago. Yup, 30% higher than the same week in 2023…and that’s not even when […]
2024 is already off to a strong start for housing and real estate. Mortgage Rates calmed down from their furious 2023 and the Fed is set to make numerous rate cuts throughout the year. Also, a new solution has arisen in an attempt to close the gap between teachers averages wage and local housing costs […]
Mortgage Rates are paving the way for a great end of 2023 and a strong start to 2024. As we wrap up this chapter of some of the most tumultuous mortgage landscape seen in decades, there’s brewing hope on the horizon that 2024 and beyond will shape a housing recovery that looks different than any […]
Last week’s falling mortgage rates and year-over-year increases in new listings suggest that 2023’s frozen housing market is thawing and Sales are likely to climb after the typical holiday lull. The median U.S. monthly mortgage payment was $2,472 during the four weeks ending December 17, down $264 from the October peak but up 11% year over […]
We’ve been hoping for good news for so long now and finally we have some! Jerome Powell and the Fed delivered some great news about interest rates and some forward-looking progress about potential rate cuts in 2024. And ALREADY we are seeing buyers of 2022 and 2023 the advantage of their VA IRRRL as rates […]
The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. Instead, fresh economic projections from central bank officials showed […]
Looks like pressure is mounting on the Fed to make rate cuts in 2024. Could we actually see numerous rate cuts on the horizon? And whether we get those or not, the housing market is showing signs of a healthy rebound from the challenges of 2023. The conclusion of this year is already looking more […]