A recent article by CNBC.com provides an excellent overview of the details that report a historic increase in existing home sales in June over May. The key points they present include respected sources like the National Association of Realtors:
The world is filled with news about the many impacts the pandemic has had on our lives, and most are negative: social distancing, wearing masks, education impacted by school closures, loss of jobs, and health challenges, even death.
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.
MortgageNewsDaily.com says we will need to wait and see if mortgage rates will drop back into all-time lows. The impact of the pandemic has had it’s affect on bond markets which are driving mortgage rates.
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”.
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.”
Yes you read that correctly! Lenders are now allowed to Gift Money Back to you at time of loan closing.*
When you consider the loan programs that offer a low 3% down payment, combined with the money Mortgage Lenders can Gift you back toward closing costs, the decision to buy a new home now is very enticing!
Spring-cleaning is a tradition for many homeowners, and you may already have a list of upgrades and repairs you want to complete this spring. Below is a list of what we suggest you inspect to identify needed repairs:
Notary Near You, strives to stay abreast of industry changes as we search for ways to better serve our customers.
Real Estate professionals understand the importance of staying ahead of the curve regarding buying trends, interest rates, and other key topics that impact the buyers and sellers’ we serve.
The entire team at Notary Near You, strives to stay abreast of industry changes as we search for ways to better serve our customers. With the variety of real estate predictions, available from a vast array of sources, we carefully choose what information we bring forward.