Market Update: FOMC Meeting Summary for March 20th

As part of our commitment to keep you informed, we're providing a snapshot of the latest FOMC meeting and its implications for the mortgage market. With this ongoing series, you'll get timely insights after each meeting, helping you make informed decisions about your home financing needs. The Federal Reserve's latest announcement [...]

2024-03-20T16:10:06-04:00March 20th, 2024|Categories: Market Update|Tags: |

Deciphering Powell’s Economic Outlook for Mortgage Rates

Federal Reserve Chair Jerome Powell recently addressed the U.S. economy's status, inflation, and interest rates. He acknowledged that interest rates had peaked and would likely decrease in the coming months, although he did not commit to rate cuts as soon as the Fed's March meeting. Powell highlighted the U.S. economy's strength, [...]

2024-03-07T17:22:17-05:00March 6th, 2024|Categories: Market Update|

Homeowner’s Guide to DIY Pest Control

When it comes to uninvited guests, pests are the least welcome. Professional pest control services can be a worthy investment, but if you're a homeowner looking to save some cash, there are effective DIY strategies to keep common critters at bay. Let's dive into practical pest prevention and control measures you can do yourself! [...]

2024-03-07T17:26:30-05:00February 8th, 2024|Categories: Homeownership|Tags: |

Navigating 2024 Housing – What Homebuyers Can Expect

The past year defied many expectations in the housing market, with significant shifts that caught many by surprise. As we look ahead to 2024, understanding these trends is crucial for anyone considering buying a home. Here's a breakdown of what happened in 2023 and what experts predict for 2024. A Look [...]

2024-03-12T10:52:14-04:00January 2nd, 2024|Categories: Market Update|

Fed Pauses Recent Hikes, Good News For Mortgage Rates

The Federal Reserve decided to keep interest rates steady at its June meeting this week. This was the first time since March 2022 that the Fed has not raised rates. The move bodes well for the housing market and home buyers in search of rate stability or a potential signal for decline coming soon. The [...]

2024-03-07T16:40:17-05:00June 15th, 2023|Categories: Market Update|

Celebrating the Benefits of Homeownership

Each year in June, we recognize National Homeownership Month.   This is a special observance in our industry, a time when we celebrate the pride, joy, and countless benefits of owning a home. Homeownership represents a significant milestone and a cornerstone of the American Dream. In this article, we will delve into the advantages of homeownership, [...]

2024-03-07T16:40:17-05:00June 1st, 2023|Categories: Homeownership|

LLPA Fee Reversal Announced by FHFA

Back in January, the FHFA (Federal Housing Finance Agency) shared news about a series of changes to LLPA (loan-level pricing adjustment) fees. These changes included a revamped LLPA matrix that differentiated pricing by loan purpose and a whopping 81 grids for purchase loans, limited cash-out refi loans, and cash-out refinance loans. The proposed move has [...]

2024-03-07T16:40:17-05:00May 11th, 2023|Categories: Market Update|

Despite the rate volatility, mortgage demand is up this week

The Mortgage Bankers Association's seasonally adjusted index reported a 6.5% increase in the total application volume for last week compared to the previous week. Although the rates were higher, there was a 7% increase in mortgage applications to purchase a home for the week, but it remained 38% lower than the same week in the [...]

2024-03-07T16:40:17-05:00March 16th, 2023|Categories: Market Update|
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