RECENT BLOG POSTS
It can be a case of be-careful-what-you-wish-for. You may have pined for years over a large yard, a butler’s pantry, or living in a century-old house, but once you have it, somehow the thrill is gone.Reality checks can especially hit during the home-buying process. That huge backyard will stop be...
09/19/2018
THIS WEEK'S MORTGAGE RATE SUMMARY HOW RATES MOVE:Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout t...
09/18/2018
Down payments are a bugger for first-time homebuyers. It seems that the initial financial stab at home ownership is among the greatest roadblocks of owning a home, especially in high-cost urban housing markets, for which it may take a couple a decade or more to transition from renter to homeowner...
09/14/2018
According to the National Association of Homebuilders (NAHB), the month of August saw residential building industry jobs increase by 201,000, with unemployment in that arena remaining at 3.9%. Employment in residential construction continued to trend up.“Over the month of August, total non-farm p...
09/12/2018
Friday’s August employment report sent the 10-yr out of its one month range, increasing it to 2.94% (2.90% had held any increase since mid-August). Mortgage prices plunged 32 bps. The breach projects a move for the 10-yr to 3.00% to find its next technical support. All along when rates were gener...
09/11/2018
The advance Q2 GDP at 4.1% was generally in line with expectations, although some estimates went from 4.2%, to 4.4%. Q1 was revised from +2.0% to 2.2%. The Q2 price index was thought to be +2.2% but increased to 3.0%; the core (excluding food and energy) however, was 2.0% and declined from 2.2% i...
07/28/2018
Today's homebuyers can unwittingly become targets of scams, as evidenced by a report today by NBC in which it describes how a couple was robbed of their life savings. Citing this as a mere sampling of what can happen, real estate experts say everyone shopping for homes need to stay vigilant.The n...
07/15/2018
Using a MarketNsight study of 18 cities across the country, Builder Magazine’s John Hunt explores how, in spite of nearly a decade of positive job growth and population growth, the U.S. housing market is still anywhere from 30% to 60% below pre-recession levels.In the “old normal” (before the 200...
07/14/2018
In these days of low housing inventory, it can be difficult to fulfill every item on your wishlist when buying a home, especially when it focuses on getting one in which you want to raise a family. Exhaustive online research helps regarding location — good schools, no sex offenders nearby, parks,...
07/11/2018
Both stocks and bonds started the week this morning with little changes. Stock indexes were slightly better with the 10-yr note yield at 2.88% -1 bp. MBS prices at 8:30 am EST was up +5 bps from Friday’s close.This week’s calendar has key economic data; CPI, PPI, Retail sales and housing starts a...
03/14/2018
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Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

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