Week Ending 03/15/2024 Weekly Market Update: High Inflation Helping you navigate the market High Inflation Stronger than expected inflation data was negative for mortgage markets this week. A shortfall in consumer spending was a distant second in importance to investors, and mortgage rates ended the week higher. The Consumer Price Index (CPI) is one of […]
Economic Data Weekly Market Update for Week Ending in 03/08/2024 Helping you navigate the market Unemployment Rate Climbs This week, the major economic data was weaker than expected, and there were no unfavorable surprises from the Fed. As a result, mortgage rates ended a little lower. Following very strong gains in January, the economy added […]
Week Ending 01/26/2024 Weekly Market Update Helping you navigate the market Inflation Eases The major inflation data released this week was right on target. While GDP growth exceeded expectations, its impact was minor. As a result, mortgage rates ended the week with little change. Fed officials keep a close eye on inflation, and the PCE […]
Weekly Market Update from Cross Country Mortgage for the Week Ending 12/8/23 Mixed Labor Market Data The major economic data released this week revealed mixed results. This caused some volatility during the week, but mortgage rates ended with little change. In November, the economy added 199,000 jobs, above the consensus forecast of 180,000, but the […]
Weekly Market Update from Cross Country Mortgage for Week Ending 12/01/2023 Helping you navigate the market Focus on Fed Officials While the major economic data released this week caused little reaction, surprisingly dovish (in favor of looser monetary policy) comments from a Fed official were favorable for mortgage markets. As a result, rates ended the […]
Weekly Market Update from Cross Country Mortgage for the Week Ending 7/28/2023 Helping you navigate the market Fed Hikes Rates If the goal of Fed officials was to avoid any surprises at the meeting on Wednesday, they succeeded, completely sticking to the expected script. They raised the federal funds rate by 25 basis points to […]
Weekly Market Update from Cross Country Mortgage for the Week Ending 7/21/2023 Helping you navigate the market CONSUMER SPENDING RISES Mortgage markets were relatively quiet over the past week. There were no significant surprises in the economic data, and Fed officials refrained from any speaking appearances ahead of the meeting next week. As a result, […]
Some Highlights It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability […]
If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of […]
Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, […]
Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these […]
Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23% lower than […]
According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program […]
Some Highlights A real estate professional is an expert who can advocate on your behalf throughout the process when building a home. Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish. If building is the right option for you, let’s connect so you […]
With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to continue […]
If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. […]
Some Highlights When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses. From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning. Let’s connect today […]
Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, […]
If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable […]
Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community. Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If you’re ready to fall in love with a home of your own, let’s connect to […]
Some Highlights There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table. Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application. The […]
According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what “home” means and what we may need in one going forward. Here are 4 […]
Whether you are thinking about selling your home, buying a home, or both, one of your most important decisions will be selecting a real estate professional who understands local areas and markets.
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