All posts tagged: Mobile Notary Services

Interest rates reached a new low in January, resulting in Increased Refinance Mortgage Activity

MortgageNewsDaily.com reports that according to Ice Mortgage Technology (formerly Ellie Mae), in their Loan Origination Report for January, “closed loans continued to show declining note rates in January, dropping from an average of 2.93 percent in December to 2.88 percent” and also includes “Interest rates continued to decline in January, driving up the share of refinances by seven percent,”

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Notary Near YouInterest rates reached a new low in January, resulting in Increased Refinance Mortgage Activity
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Highest Record in 35 Year History of the Housing Market Index

The National Association of Home Builders (NAHB) coupled with Wells Fargo 35 years ago to create the Housing Market Index (HMI).  NAHB.org defines the NAHB/Wells Fargo Housing Market Index (HMI) as based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

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Notary Near YouHighest Record in 35 Year History of the Housing Market Index
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Mortgage Refinance Boom Creates Pressure on Lenders

Lenders across the US are struggling to keep up with the Mortgage Refinance Boom. The recent Federal Reserve rate cut has motivated many homeowners that were waiting for the right time to refinance to make their move and file an application.  Major lenders are doing their best to meet the need including hiring new loan underwriters, processors, and closers.
Purchase application volumes have also increased to the highest level in over 11 years, which is adding to the pressure on the entire mortgage industry affecting lenders, appraisers, and title companies.

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Notary Near YouMortgage Refinance Boom Creates Pressure on Lenders
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Mortgage Rates React To Strong Jobs Report

According to an article by Matthew Graham for Mortgage News Daily, “the jobs report has a more consistent track record of causing big market movement than any other piece of economic data”. He further states “the underlying bond market improved throughout the day and held onto that improvement, resulting in lenders offering lower rates”.

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Notary Near YouMortgage Rates React To Strong Jobs Report
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Prices are Still Rising

When you are ready to buy or sell, Notary Near You provides a business platform that allows you to request a public notary at the touch of a button, anytime and anywhere.

Residential Real Estate prices are on the rise according to many news sources. In a HousingWire.com article they reference Redfin data: “Redfin’s data also determined that only 6 of the 85 largest metros saw a year-over-year decline in their median sale price.” 

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Notary Near YouPrices are Still Rising
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