Data to be aware of!

Uncategorized Aug 10, 2022
 

The back-to-school process has begun and parents are focused on getting their kids ready for school, or are trying to deal with the new school schedules and how that puts pressure on their housing situation. Back to school is hectic, but the challenges of the possible functional obsolescence of...

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Observations from the field!

Uncategorized Aug 04, 2022
 

Purchase applications picked up last week and we are seeing many people coming back into the market as preapprovals remain about the same as we saw this time last year. The largest number of returnees are those that were working with FHA, VA, USDA, and bond program loans, as they are seeing...

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Some data in, more to come!

Uncategorized Jul 28, 2022
 

The FED raised short term rates by 75bps as expected and the mortgage bond market approved of the measure by closing up by 47bps today. This move was “leaked” last week and was just a formality of hearing the official word today. In Jerome Powell’s remarks he signaled there...

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Please don't let my facts get in the way of your fiction!

Uncategorized Jul 21, 2022
 

We have talked about the importance of following the data and knowing the facts. We have addressed how those in the mainstream media, social media “gurus”, and those just trying to generate clicks to support their revenue streams, all like to post big scary headlines without much...

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The data keeps on coming!

Uncategorized Jul 14, 2022
 

Lots of new information to digest and more on its way. As I have said before, you must keep an eye on what can move the markets. Information can be spun to suit the needs or to create and support a particular position, it can also be used to clarify and counter opinions or interpretations of...

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What is the cost?

Uncategorized Jul 07, 2022
 

Many companies and their originators are dealing with the challenges of less loan volume. With refinance business about 20% of the volume it was last year and purchase volume down in many markets as well, there is simply less loan units to take through the process, which leads to the reality than...

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Asking for a friend!

Uncategorized Jun 30, 2022
 

The following questions are asked to provoke thought and drive you the reader, into thinking about what the reality is in your market and the correct answer or response to the question!

Asking for a friend:

...

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Data shows solid interest!

Uncategorized Jun 23, 2022
 

The numbers continue to show that people, especially millennials, are interested in home ownership. Despite higher home prices and higher rates, loan applications are still strong for home purchase loans. While refinances are significantly off year over year due to higher rates, purchase...

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Information & Interpretation!

Uncategorized Jun 16, 2022
 

The FED FINALLY woke up and took a positive step toward dealing with inflation. Despite being less than what I would have liked to have done, 75bps and another likely 50 to 75 bps again in June should signal to the markets a serious approach to fiscal stability. The future remains to be seen, but...

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Opportunity Knocks

Uncategorized Jun 09, 2022
 

When opportunity knocks, answer the door!!! As the mortgage industry goes through another series of changes, you need to know how to take advantage of these changes. 

We have talked about the purchase to refinance balance for all originators. Never has that balance swung so far to the...

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