Consumer Outlook for Mortgage Rates

The consumer outlook for mortgage rates is really the only thing supporting confidence in the housing market, according to Fannie Mae’s Home Purchase Sentiment Index. Despite most components of Fannie Mae’s HPSI holding steady or declining, consumers’ belief that rates will decline shot up 35% in August from a year ago, pushing up the overall index 0.1 […]

Homeowners Happier when They Buy

Despite recent data from Freddie Mac showing that more than 80% of renters view renting as more affordable than buying a home, new data from Bank of America shows that the vast majority of renters who made the plunge into homeownership have no regrets about their decision. In fact, the new report from Bank of America shows that 93% of people […]

Renters Guide: Part 2

Relocating and renting your first home after you graduate is a big transition, that’s why it’s important you read all paperwork carefully, understand your rights and ask the questions before you sign a lease! You’ve picked a location and set your budget so now it’s time to narrow down the details. Your Lease Understanding the leasing process will help […]

Mortgage Applications Decreasing

Mortgage applications fell 3.1% from one week earlier even with another decrease in rates, according to the Mortgage Bankers Association. The MBA’s Weekly Mortgage Applications Survey for the week ending Aug. 30 found that the refinance index decreased 7% from the previous week and was 152% higher than the same week one year ago. The refinance share […]

Buildertrend and Rocket Loans Partnering

Home improvement spending hit a new high of $424 billion in June, and is expected to reach a record high by the end of 2019, according to data from Harvard’s Joint Center for Housing Studies. And while Harvard expects these numbers to decline in 2020, it’s still safe to say plenty of contractors and homeowners across the nation will stay […]

Home-Price Gains Will Pick Up Speed

Home-price gains will pick up speed in the coming year, with a 5.4% jump in the 12 months following July 2019, according to a forecast from CoreLogic. That would be a faster pace than the 3.6% annualized increase seen this July, CoreLogic said. Low mortgage rates coupled with a scarcity of inventory are driving gains in home prices because […]

First Time Homebuyers are Changing

The profile of first-time homebuyers in the U.S. is changing, according to researchers at the Joint Center for Housing Studies at Harvard University. In a paper titled “The Shifting Profile of First-Time Homebuyers: 1997-2017,” researchers found that in the past 20 years, there has been a significant shift from married households to never-married households among first-time homebuyers. To […]

Renters Guide: Part 1

Summer is winding down, and for many recent graduates this means starting their next chapter in life. There are a lot of big decisions to make— beginning a new career and moving to a new place is an exciting time. Where you’ll live is probably top of mind and to help you get started on […]

What Do Millennials Want from Their Digital Mortgage Experience?

Are Millennials all about “the “next BIG thing” when it comes to technology and digital experiences? With Millennials eager to drop $1000+ on the newest iPhone and app downloads in the tens of billions, it’s easy to think that Millennials are obsessed with whatever is shiny, new, and trendy.  But is that true? Are Millennials […]