Monthly Archives: January 2017

That Darn Supply

Whenever talk turns to home sales, you can be sure it will also turn to home supply, and for good reason.  Existing home sales dropped 2.8% to a lower-than-expected 5.49 million on an annualized rate. Most market watchers were expecting … Continue reading

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January Could Be a Great Month to Refinance

Homeowners thinking about refinancing might want to pull the trigger. January might be a perfect time for homeowners to get the most for their dollar for a home refinance for a variety of factors. For one, experts project that home … Continue reading

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Skepticism on Further Rate Increases Is Rising

Last week, we forwarded an argument on why we shouldn’t be so sure that multiple interest-rate increases are forthcoming. Our argument is based on considerable hemming and hawing on the Federal Reserve’s part when the subject turns to interest rates, … Continue reading

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How Will President-Elect Trump Affect the Mortgage Industry?

The mortgage industry might be seeing a lot less regulation in 2017. As President-elect Donald Trump prepares to enter the White House in January, mortgage experts are beginning to prepare for changes in the industry. Many pundits are certain that … Continue reading

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Rates in 2017 Are Looking A Bit Like Rates in 2016

A popular pithy quote, attributed to Mark Twain, goes, “History doesn’t repeat itself, but it often rhymes.”  Whether Twain actually uttered this observation is debatable; the truth behind it isn’t. We frequently see current patterns that resemble patterns in history.  … Continue reading

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Julian Castro’s HUD Parting Gift: The FHA Lowers Premiums

Housing and Urban Development (HUD) Secretary Julian Castro announced on Monday that the Federal Housing Administration (FHA) will reduce annual insurance premiums by 25 basis points. The move affects most new mortgages with a closing or disbursement date on or … Continue reading

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Home Prices Still Up

The major housing-data providers’ data continue to show rising home prices. CoreLogic is the latest data provider to confirm what most of us already know: Home prices around the country show few signs of backsliding.  CoreLogic’s Home Price Index showed … Continue reading

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