U.S. Home Values Reach A Record High Of $26.1 Trillion In Q1

The value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to a Federal Reserve report released Thursday known as the Flow of Funds.  That was a gain of 4.3% from a year earlier, the slowest annualized increase since 2012. The collective value of U.S. homes is now 15% higher than […]


John LaBriola and Paul Blue Robinson of Certified Credit will be attending!

Millennials Likelier Than Baby Boomers To Buy Home Before Marrying

Mortgage loan officers need to market their services toward the fact millennials are more likely to become homeowners prior to marriage than baby boomers were. Nearly half of those between the ages of 22 and 38 that were married said they and/or their spouse purchased a property before they got hitched, compared to 35% of […]

Despite Economic Growth, Home Price Gains Continue To Lag

In March, annual home-price gains continued to slow across the nation, according to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. Home prices in March increased 3.7% nationwide from a year ago, sliding from the 4% annualized gain in the previous month’s report. The graph below highlights the average home prices within the 10-City and 20-City Composites. Before seasonal adjustment, […]

Lowest Mortgage Rates In Over A Year Drives Rise In Refi Applications

With mortgage rates falling to their lowest level in over a year, refinance volume drove this week’s increase in application activity, according to the Mortgage Bankers Association. The MBA’s Weekly Mortgage Applications Survey for the week ending May 17 found that total submissions were up 2.4%, led by the refinance index increasing 8% from the previous […]

Secondary Mortgage Market: Lenders Must Embrace Digital Change

Despite the benefits of going to a fully or hybrid digital mortgage process, some lenders still hesitate to adopt it as fast as expected. Adoption is found in pockets and where specific problems try to get solved, but acceptance is not happening all at once. Change invariably impacts the borrowers as well and that can […]

Mortgage Rates At One-Year Low After Falling Four Consecutive Weeks

Mortgage interest rates have fallen for the fourth week in a row to match the one-year low set at the end of March, giving way to an uptick in purchase demand, according to the latest Freddie Mac Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 4.06% for the week ending May 23, 2019, down from last week’s rate of […]

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