A MORE BALANCED REAL ESTATE MARKET MAY BE IN OUR FUTURE!

The real estate tide is turning, according to Fortune Magazine’s Chris Morris. What was once a seller's market, complete with frenzied offers and multiple bidding, is beginning to smooth a bit, becoming what Realtors refer to as a “balanced market” where homes stay on the market a tad longer, and buyers actually have a chance to negotiate.

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MANUFACTURING, FED, TRADE WAR, AND OTHER FACTORS HANG OVER RATES

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CHINA TRADE AND FED COULD PUSH VOLATILITY INTO RATE MARKETS

TODAY'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 the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up. 

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Mortgage Q&A with Rick Episode 1

15 vs 30, tricks with PMI, buying down your interest rate and when to lock in

As I start these episodes, I'm reminded of the encouragement I got from an employee of mine. He told me that I give a lot of great advice and have been blessed with much wisdom in my field... that it's a shame to not have it all written down somewhere for others to learn from. It's for that purpose, I've been intent on including in this blog advice I give to my clients, team and business partners during my time as a loan officer.

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Sellers Beware!  Statistics show that over 10% of your Buyers won't follow through.

It's a real problem

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Things to Consider When Buying a Condo Using Your VA Benefits

Condo living can provide a convenient and affordable alternative to renting or purchasing a single-family residence. But before you commit to buying a condo with your VA benefits, here are four key things to do:

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How Our Full Pre-Approval Program Can Make Your Home-Buying Offers More Appealing to Sellers

In the last five years, climbing housing prices and rising federal interest rates have fueled a housing market gold rush as more people race to buy homes while they still can. With homebuyer confidence at an all-time high and the number of available properties steadily declining, bidding wars have become a common part of the homebuying process. Today’s sellers are flush with offers and have the luxury of being more discerning when selling.

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What Should You Do When You Want to Buy a Home But Have Been Turned Down by a Lender?

When you’re intent on buying a home and actively thinking about the future, being turned down by a lender can feel devastating. Just because you were denied a loan doesn’t mean that your home owning dreams are over. Learn what steps to take to keep things moving in the right direction.

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How to Maximize Your VA Loan Benefits

Our active military and veterans have worked hard and sacrificed for their country. One of the small ways we can repay them is to ensure they have access to affordable housing that is also a good investment. That’s why the VA loan is designed to be such an incredible benefit.

However, not all veterans are reaping the full benefits of their VA loan. Here are some of the top ways to make the most of yours:

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What are the Factors That Impact Your Interest Rate?

It’s no secret that a lower interest rate can mean significant savings over the life of your mortgage. Although interest rates are largely dictated by market performance, there are other factors that influence the rate you receive. When comparing your loan options, it helps to know how your interest rate was derived and what mistakes to avoid when shopping around.

In addition to market performance, home loan interest rates are influenced by six major factors: loan amount, loan type, loan duration, discount points, closing costs, and credit score.

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