Daily Rate Update: August 20th-24th

Friday – August 24, 2018 The U.S. economy has been growing at a strong pace in 2018 with second quarter Gross Domestic Product at a robust 4.1%. This week, Target CEO said, “We’re currently benefiting from a very strong consumer … Read More

Daily Rate Update: August 13th-17th

Friday – August, 17, 2018 Ellie Mae released its Origination Insight Report for July this week showing that the percentage of closed purchase loans held steady at 71% of total loans closed in July for the second straight month. Ellie … Read More

Daily Rate Update: August 6th-10th

Friday – August 10, 2018 Rising home prices and mortgage rates pushed housing affordability to lows not seen in a decade in the second quarter of 2018, reports the National Association of Home Builders. From the beginning of April to … Read More

Daily Rate Update: July 30th-August 3rd

Friday – August 3, 2018 And the survey says … 157,000 jobs were created in July, below the 190,000 expected. The headline number was a miss, but a look under the hood shows many strong data points. The headline number … Read More

It’s Just The Facts: July 30, 2018

The Latest in Housing News: The median sales price of existing homes sold in the US in June 2018 was $276,900 – a record price. However, the median sales price of existing homes sole in July 2006 is equal to … Read More

Daily Rate Update: July 23rd-27th

Friday – July 27, 2018 Economic growth surged in the second quarter of 2018 due in part to a big rise in consumer spending. The Bureau of Economic Analysis reported that Gross Domestic Product rose 4.1% from the 2.2% recorded … Read More

Finally Some Relief

We are finally seeing a loosening of the underwriting standards coming from some mortgage bankers. There are many lending sources offering alternatives to the standard rigorous Fannie – – Mae/Freddie Mac underwriting guidelines, such as: Last year’s tax returns instead of … Read More

Daily Rate Update: July 16th-20th

Friday – July 20, 2018 Home purchase loan closings rose in June while refinancing activity declined, reports Ellie Mae. Ellie Mae’s Origination Insight for June revealed that 71% of all loans in June represented home purchases, up from 70% in … Read More

1 11 12 13 14 15 16 17 18