Monthly Archives: October 2016

The Election Has Drained Everyone. The Housing Industry Hasn’t Noticed.

We expected to see a pick up in home sales heading into the fourth-quarter of 2016, and that’s exactly what we are seeing. Late last week, existing-home sales were reported, and the numbers show that sales were up 3.2% to … Continue reading

Posted in Uncategorized | Leave a comment

The Rare, Peculiar and Fascinating Reverse Mortgage is Making a Comeback

For older investment property mortgage borrowers, there’s a certain type of loan they might have overlooked: reverse mortgages. Reverse mortgages fell out of popularity after the recession hit the U.S. and the housing market collapsed. But as the industry continues to … Continue reading

Posted in Uncategorized | Leave a comment

Single Women are Becoming Homebuying Force

When it comes to investment property mortgages, men and women have their differences.  That’s according to a new study from the Urban Institute, which details several surprising findings around how men and women handle their mortgage payments. A major finding of … Continue reading

Posted in Uncategorized | Leave a comment

History Doesn’t Repeat, but It Often Rhymes

Payrolls increased by 156,000 last month, and the unemployment rate drifting from 4.9% to 5.0%. The unemployment rate actually rose because more discouraged workers sought employment, a modest but encouraging economic sign that may be just good enough to convince … Continue reading

Posted in Uncategorized | Leave a comment

HARP Extension a Major Help to Low Equity Homeowners

Last month, the New York Times highlighted Madonna Barwick, a teacher in Canfield, Ohio, whose mortgage rate dropped 4 percent due to a HARP refinance. “It was a blessing,” she said. The HARP loan program is the go-to tool for … Continue reading

Posted in Uncategorized | Leave a comment

Are Words Replacing Data?

Are Words Replacing Data? The yield on the 10-year U.S. Treasury note spiked 10 basis points last Tuesday after Richmond Federal Reserve Bank President Jeffrey Lacker added his support for raising the fed funds rate sooner than later. The pro-interest-rate-hike … Continue reading

Posted in Uncategorized | Leave a comment

Foreign National Loans Are Making a Comeback

The U.S. is experiencing a boom in foreign national loans. More and more overseas buyers are shelling out cash for real estate in the U.S. In the past year, 50 percent of foreign homebuyers paid cash for their investments, according … Continue reading

Posted in Uncategorized | Leave a comment