Todays News Stories:
Existing-Home Sales Come Up Short
2/21/2018 3:01 PM
Existing-home sales came up short in January, at their lowest in more than three years, the National Association of REALTORS® (NAR) reports. Sales decreased 3.2 percent to 5.38 million, a 4.8 percent decrease from one year prior. Inventory, however, increased 4.1 percent to 1.52 million—but remains 9.5 percent lower than one year prior. ...Read More
Experts on Housing Less Optimistic as a Result of Tax Cuts and Jobs Act
2/21/2018 2:55 PM
The Tax Cuts and Jobs Act is affecting the housing outlook, according to new research. Approximately two-fifths (41 percent) of experts in Zillow’s 2018 Q1 Home Price Expectations Survey have a less optimistic outlook as a result of the reform; 31 percent, however, are more positive. Twenty-eight percent have not amended their forecast at ...Read More
Why Your Mortgage Is Getting More Expensive
2/21/2018 2:48 PM
(TNS)—World events are conspiring to make it more expensive for you to borrow money to buy a house. Mortgage rates have increased for five consecutive weeks, according to Bankrate data, bringing interest on a 30-year fixed rate loan to 4.44 percent—the highest level in 11 months—while home prices continue to rise due to a lack […] T...Read More
Equity Growing in Lowest Tier: Report
2/20/2018 2:46 PM
Buyer demand is highest for starter supply—and entry-level homes are appreciating faster than others as a result, according to an analysis by Zillow. “When the housing market crashed, owners of the least valuable homes were especially hard hit and lost more home value than homeowners at the upper end of the market,” says Aaron Terraz...Read More
4 Steps to Real Estate Success With ‘Webinar Wednesdays’ From RPR®
2/20/2018 2:43 PM
NAR PULSE—Each webinar will cover one essential aspect of your real estate business and show you how to use RPR® data and reports to realize the full potential of every transaction. You’ll hear from REALTORS® who have successfully used the app to lead clients to the closing table, as well as pick up strategies for […] <...Read More
Creating a Positive Mindset and Leading by Example
2/20/2018 2:32 PM
In the following interview, Charleen Newhouse, branch manager of Realty ONE Group in Irvine, Calif., discusses the advantages of the brand, leading a team, and more. Region Served: Coastal California, from San Diego to Ventura County Years in Real Estate: 23 Number of Offices: 1 Number of Agents: 387 Best Tip for Getting the Right […] ...Read More
Consistency Is Key for Market Domination
2/19/2018 3:06 PM
In the following interview, Alex Iskenderian, owner/REALTOR® with Berkshire Hathaway HomeServices Maui Properties in St. Lahaina/Wailea, Hawaii, discusses agent development, culture and more. Region Served: Maui, but also licensed in California Years in Real Estate: 6 Number of Offices: 2 Number of Agents: 25 Favorite Time-Saving Tech Tool:...Read More
Economic Forecast Rosy, but Susceptible to Volatility
2/19/2018 3:05 PM
Economic growth likely will not succumb to volatility, with GDP forecasted at a healthy 2.7 percent for the year, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for February 2018. There is, however, potential for upheaval, which could have effects in housing. &...Read More
Survey Finds Hidden Costs of Homeownership
2/19/2018 3:04 PM
(TNS)—Your day burns brightly on both ends. You prod your kids out of bed at daybreak, get them dressed, fed and off to school. You drive to work, endure meetings, colleagues, power lunches, memos and strategy sessions, only to return home through gridlocked traffic just as the sun sets, beg your kids to eat dinner, […] The post Read More
Housing Starts Blow by Expectations
2/18/2018 12:06 PM
Home-building activity blew by expectations in January, with housing starts up 9.7 percent to a rate of 1,326,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts increased 3.7 percent to 846,000. Starts for units in buildings with five units or more...Read More

Todays News Stories:
MBS RECAP: Fed Minutes or Same Old Trend. Either Way, Bonds Didn"t Like It
2/21/2018 5:29 PM
Posted To: MBS CommentaryThe Fed released the minutes from its late January meeting today. Markets thought about them for 20 minutes and then tanked. What's up with that?! Looking at rate volatility as a factor of Fed policy can be tricky business. On the one hand, it would be easy to argue that the Fe...Read More
Mortgage Rates Hit New 4-Year Highs
2/21/2018 4:35 PM
Posted To: Mortgage Rate WatchMortgage rates continued higher today following the release of the Minutes from the Federal Reserve"s (aka "The Fed") most recent policy meeting. The Fed was slightly more upbeat than markets expected, saying that most members agreed that a stronger economy increased the likelihood...Read More
Existing Home Sales Decline, Inventory Still a Big Issue
2/21/2018 10:16 AM
Posted To: MND NewsWireSales of existing homes fell again in January, the second consecutive month-over-month decline. Sales of pre-owned single-family homes, townhomes, condos, and cooperative apartments were down 3.2 percent compared to December, and the seasonally adjusted annual sales in December, already estimated a...Read More
MBS Day Ahead: Markets Expecting a Challenging Auction and Hawkish Fed Minutes
2/21/2018 8:39 AM
Posted To: MBS CommentaryToday's key events arrive in the afternoon in the form of a 5yr Treasury auction at 1pm and the release of the FOMC Minutes at 2pm. Not to be confused with the Fed Policy Announcement, the Minutes simply provide a more detailed account of the meeting 3 weeks prior that culminat...Read More
Flagstar"s Expansion; News Regarding Freddie and Fannie
2/21/2018 8:12 AM
Posted To: Pipeline PressWhy couldn’t the sesame seed leave the gambling casino? Because he was on a roll. In an admittedly weak segue, rolls are made in kitchens, and LOs may want to pass this link along to their Realtor clients: here are the top trends this year in kitchens. top tren...Read More
Mortgage Apps Finally Feeling Effects of Higher Rates
2/21/2018 7:24 AM
Posted To: MND NewsWireMortgage application volumes suffered their worst losses of 2018 last week. The Mortgage Bankers Association (MBA) said both purchase mortgages and applications for refinancing were down significantly during the week ended February 16 compared to the prior week. MBA"s Market Composite Index, a meas...Read More
MBS RECAP: Unofficial 4th Day of Weekend Leaves Bonds Slightly Weaker
2/20/2018 5:10 PM
Posted To: MBS CommentaryToday was a total dud in terms of volume and volatility. That's not all that uncommon on the Tuesday following a 3-day weekend, especially if there are no major events or headlines. Overnight bond market movement was dictated by an ongoing trend set into motion late last Friday...Read More
Mortgage Rates Unable to Extend Last Week"s Gains
2/20/2018 3:54 PM
Posted To: Mortgage Rate WatchMortgage rates moved back up today after ending last week on a positive note. Improvements in rates have been uncommon so far in 2018. In fact, we haven"t seen more than 2 consecutive days without a move higher. In that sense, today keeps the prevailing trend intact. If there"s a s...Read More
MBS Week Ahead: Positions Part 2: Making Better Sense of Early 2018
2/20/2018 8:57 AM
Posted To: MBS CommentaryLast Friday's Day Ahead was all about positions. Read it HERE , if you haven't done so or need a refresher. It advocated caution with respect to floating or otherwise being optimistic based on early gains because those early gains were likely a product of short-covering. Ra...Read More
New Products, Expansion; Legal and Political Updates
2/20/2018 8:12 AM
Posted To: Pipeline PressWelcome to Day 1 of the longest period in the United States without a federal holiday: President"s Day to Memorial Day. Some will think, “That’s a drag,” while others will think, “That’s more days to fund loans!” Speaking of fundin...Read More

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