Mortgage Rate Recap and Outlook for the Week Ending November 8, 2019

At the time of writing this piece, we await the University of Michigan’s Consumer Sentiment Index. It is expected to rally close to 96. Mortgage shoppers will have their eyes glued to it. It is worth noting that the higher the number, the more optimistic the consumers are and hence more likely to make purchases […]

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Existing Home Sale Report for the Month of September

Existing-home sales in the Northeast, the Midwest, the West, and the South have all come down for the month of September, says the National Association of Realtors’s (NAR) housing stat. Three out of the four regions (except the Midwest) have, however, sold more homes compared to the numbers they sold a year ago. Total existing-home […]

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Mortgage Rate Recap and Outlook for the Week Ending October 30, 2019

Manufacturer sentiment has grown in October according to ISM’s October Manufacturing Index but the reading of 48.3, despite being an uptick on September’s 47.8, is still below 50 (chief wreckers being weak global growth cues, appreciated dollar and trade skepticism). This, though, spells good tidings for the mortgage market. With over a decade of following […]

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California Association of Realtors monthly data for the San Francisco Bay Area

The California Association of Realtors’s (CAR) housing market statistics reveal that the San Francisco Bay Area has had a mixed September when it comes to median sold prices of existing single-family homes. While Alameda, Marin, Napa, and Santa Clara are closing in the green, Counties Contra Costa, San Francisco, San Mateo, Solano, and Sonoma have […]

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Mortgage Rate Recap and Outlook for the Week Ending October 23, 2019

Call it the rise of the Planet Automaton, or simply, lack of productivity but wage growth (and it has foxed economists) is sluggishly seen in the light of the low unemployment rate. This is the exact opposite of how the cookie is supposed to crumble in times of expansion.    Federal spending (up by 8% […]

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Mortgage Rate Recap and Outlook for the Week Ending October 16, 2019

The US economy added 140,000 jobs in September, thus keeping the unemployment rate hovering around the acceptable 3.7% mark. And so, though job growth has cooled, we are still at a point where the layoffs are not going out of hand- a possible turnabout that could compromise the US expansion project. Exports are weak, thanks […]

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Austin Real Estate Market: Housing Demand Encouraging, Inventory Stretched

Play it any way you like it but Austin is not in a real estate bubble. Its property market is encouragingly poised. Housing demand is just where you would like to see it and inventory is pretty stretched. While the Austin market is not as big as Houston or Dallas, it has witnessed a near […]

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Existing Home Sale Report for the Month of August

Existing-home sales in the Northeast, the Midwest, and the South have registered second consecutive month of growth, says the National Association of Realtors’s (NAR) housing stat. Only the West has exhibited a decline in the number of existing homes sold in August. Total existing-home sales (single-family homes, townhomes, co-ops and condos) rose from 5.42 million […]

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Freddie Mac Announces CHOICERenovation Loan to Finance Home Renovations

With the Remodeling market size expected to touch a massive $269 billion by 2025, it was time for Freddie Mac to jump into the Renovation loan marketplace. Especially given that the Federal Housing Administration and Fannie Mae have this kind of loan in place for, what, years now. Freddie Mac’s CHOICERenovation mortgage offers borrowers the […]

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As Demand Cools Down, Housing Inventory Shoots Up in the Bay Area

There is an interesting insight into the homes on the market in the South Bay area. For the Santa Clara County, between the years 2014 and 2018, 90 out of 100 homes on the market in April and first half of May got sold. Compare this to 2019, when for the same period, only 33 […]

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