Rates Surprisingly Steady Despite Market Drama; Home Price Gains Break 6 yr Record
Like many industries, housing finance has a superficial layer that’s fairly easy to understand for the average consumer. A person wants a home. They don’t want to pay cash. They get a loan. Lower rates = lower payments. The end. Shortly below that superficial layer of understanding, where a surprisingly high percentage of mortgage professionals […]
DIY Projects You’ll Want to Show Off
Having a ‘swoon-worthy’ room in your home that can be shown off on Instagram is almost as important as actually enjoying the space. www.nar.realtor – Real Estate Story Ideas
NAR Raises Concerns with FHFA Final Rule Governing GSE’s Required Capital Structures
NAR Raises Concerns About FHFA Final Rule NAR remains concerned that the proposed rule could significantly raise costs for consumers, force GSEs to assume greater risk, and undermine reforms. Media Contact: Wesley Shaw 202-383-1193 Fannie Mae & Freddie Mac (GSEs)
NAR Launches “First-Time Buyer” Streaming Video Series on ROKU
NAR Launches “First-Time Buyer” Streaming Video Series The eight-part series showcases REALTOR® value and will stream on Roku, YouTube, and Facebook. Media Contact: Wesley Shaw 202-383-1193
With FHFA Release of 2021 Loan Limits, NAR Urges Improved Access to Safe, Affordable Financing
FHFA Releases 2021 Loan Limits GSE loan limits now sit at $ 548,250, while an announcement from the Federal Housing Administration is expected in the coming weeks. Media Contact: Wesley Shaw 202-383-1193 Fannie Mae & Freddie Mac (GSEs)
October 2020 NAR SentriLock Home Showings Report
The new October 2020 NAR SentriLock Home Showings Report indicates that there was a slight decrease in nationwide foot traffic on a month-over-month basis, but showings activity remain at elevated levels with respect to year-over-year activity. www.nar.realtor – Research
Chicago Fed National Activity “Index Suggests Economic Growth Increased in October”
Note: This is a composite index of other data. From the Chicago Fed: Index Suggests Economic Growth Increased in October Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.83 in October from +0.32 in September. Three of the four broad categories of indicators used to construct the index […]
Weekly Retail Update: November 20, 2020
Temporary retail store closures experienced earlier in the year have returned. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, November 19, 2020
Mortgage rates hit another record low this week for the thirteenth time this year. www.nar.realtor – Research
Mortgage Rates Move Lower Today, But Don’t Count on a Repeat Tomorrow
Mortgage rates were little-changed yesterday–a fact that was ultimately at odds with underlying market movement by the end of the day. What does that mean? Simply put, mortgage rates are primarily determined by the trading prices of certain bonds (MBS, in this case). MBS change every second of the trading day though, so mortgage lenders […]