No Place Like Home
Real Estate Services, LLC

Direct: 614-260-8838
info@noplacelikehome.com

Request a Market Analysis

leftnav photo




Real Estate News
MBS RECAP: "Nice" Rally But Lacking in Substance
Wed, 23 Aug 2017 21:26:55 GMT

Posted To: MBS CommentaryIf there were a magical ratio comparing the overall movement in bond markets to the relevance of the factors motivating the movement, it would be off the charts with today's rally. A 4.72bp improvement in 10yr yields is n..[read more]

Mortgage Rates Back to 2017 Lows
Wed, 23 Aug 2017 20:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates reversed yesterday's move today, falling back in line with recent lows--also the lowest levels since November 2016. At this time of year, the bond markets that underlie mortgage rates tend to move more ser..[read more]

Competition, Declining Demand, Driving Credit Easing
Wed, 23 Aug 2017 20:38:29 GMT

Posted To: MND NewsWireWith mortgage volumes expected to decline, more lenders are telling Fannie Mae that they intend to loosen their credit standards. The company's second quarter 2017 Mortgage Lender Sentiment Survey found that, on net, the share ..[read more]

Worst Annual Pace in 3 Years For New Home Sales
Wed, 23 Aug 2017 14:50:34 GMT

Posted To: MND NewsWireNew home sales in July were expected to remain steady after scoring a slight gain in June, instead they plunged to a rate even lower than those a year earlier. Three of the four geographic regions shared in the decline, Sales o..[read more]

MBS Day Ahead: Bonds Trying to Turn Recent Floor Into a Ceiling
Wed, 23 Aug 2017 13:25:51 GMT

Posted To: MBS CommentaryCoincidentally, yesterday's Day Ahead talked about "pivot points." Now today, we see a prime example of a pivot point in action. Although I labeled it as 2.215% yesterday, let's simplify the conversation by using 2.22..[read more]

LO Training Product; Upcoming Events; Vendors Partnering Up
Wed, 23 Aug 2017 13:12:12 GMT

Posted To: Pipeline PressTrends? A few weeks ago, Ally offered to beat any other lender’s price. And last week 360 Mortgage Group announced a new platform that will allow customers to receive approval for a loan in just 15 minutes and cuts down..[read more]

Refinance Applications Continue Outperforming Purchases
Wed, 23 Aug 2017 12:42:39 GMT

Posted To: MND NewsWireThe volume of refinancing applications, shored up by interest rates that remained at seven- and eight- month lows, rose for the fifth time in the last six weeks . However, during the week ended August 18, the gain was a margina..[read more]

MBS RECAP: With Nothing Better to Follow, Bonds Took Cues From Stocks
Tue, 22 Aug 2017 20:23:37 GMT

Posted To: MBS CommentaryI'm not shy about dismissing the conventional wisdom of bond yields and stock prices following each other. We're talking about some iteration of the quintessential quip: "buy stocks, sell bonds," or vice versa. Over t..[read more]

Mortgage Rates Nominally Higher, But Still Near Long-Term Lows
Tue, 22 Aug 2017 18:56:00 GMT

Posted To: Mortgage Rate WatchMortgage rates rose today, but by a small enough amount that it shouldn't crush too many hopes and dreams. For all intents and purposes, rates remain in line with the lowest levels since November 2016. Any movement in re..[read more]

MBS Day Ahead: What's a Pivot Point? Which One to Watch?
Tue, 22 Aug 2017 14:32:10 GMT

Posted To: MBS CommentaryWe have a dedicated primer on pivot points here . But let's look at a timely example with the pivot points we've been tracking in recent weeks. Actually, only one of the two has been actively discussed, the other is b..[read more]

Home Price Gains Slow on FHFA Index
Tue, 22 Aug 2017 13:56:11 GMT

Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA) reported on Tuesday that home prices were up in 48 states and the District of Columbia during the second quarter of 2017. The agency said that its Housing Price Index appreciated 1.6 pe..[read more]

Power of Attorney Changes by State; Tweak LIBOR Rather Than Eliminate?
Tue, 22 Aug 2017 13:22:13 GMT

Posted To: Pipeline PressFrom LOs to investors, no matter the real estate market, the story is the same: “Loosen up the credit guidelines all you want, but if there’s no inventory of houses for sale or being built, then I’ll merely ..[read more]

MBS RECAP: Was the Eclipse a Market Mover?
Mon, 21 Aug 2017 20:47:31 GMT

Posted To: MBS CommentaryIt's a good thing financial media outlets aren't too shy about covering topics outside the financial sphere because without the eclipse, there would have been nothing to talk about today. Volume and volatility dropped..[read more]

Mortgage Rates Steady at 2017 Lows
Mon, 21 Aug 2017 20:10:00 GMT

Posted To: Mortgage Rate WatchMortgage rates held steady to start the new week. This keeps them in line with the best levels since November 2016. There were no interesting developments in financial markets or in terms of economic data today. Most new..[read more]

Residential Investment Weighed Down Q2 GDP
Mon, 21 Aug 2017 14:58:43 GMT

Posted To: MND NewsWireReal residential investment subtracted from GDP in the second quarter of the year to the greatest extent since the third quarter of 2010. Fannie Mae's August Economic Developments notes a 6.8 percent annualized decline, but the..[read more]

MBS Day Ahead: Nothing to do With The Eclipse
Mon, 21 Aug 2017 13:56:56 GMT

Posted To: MBS CommentaryWelcome! Here is a safe haven from all of the eclipse talk. It won't be mentioned at all in this article. Never mind that it's in the title and the first 3 sentences, because we're about to move on. Bond markets b..[read more]

Freddie, Fannie, and Lender Shifts in Appraisal and Inspection Policies
Mon, 21 Aug 2017 13:21:22 GMT

Posted To: Pipeline PressWhat does $980k buy in the SF suburb of Vallejo, CA? A property designed by Julia Morgan (think Hearst Castle) with floating stairways, over-sized eves, massive beams, decks, and the use of exquisite wood wainscoting. The pho..[read more]

MBS RECAP: Bonds Manage to Close 'Unchanged' Despite Some Volatility
Sat, 19 Aug 2017 00:20:11 GMT

Posted To: MBS CommentaryIn the Day Ahead, we discussed bond traders' probable goals regarding keeping things as calm as possible. This depended on unexpected headlines and movements in external markets. Either of those were capable of throwing c..[read more]

More 2017 Lows for Rates; More Trump Drama
Fri, 18 Aug 2017 23:54:00 GMT

Posted To: Mortgage Rate WatchMortgage rates moved lower again. Drama surrounding the Trump administration was also present. But this time around, the political theater wasn't responsible for the move lower in rates. In fact, it resulted in multiple ..[read more]

Freddie Mac to Automate Appraisals for Some Purchase Mortgages
Fri, 18 Aug 2017 14:33:47 GMT

Posted To: MND NewsWireFreddie Mac announced today that, going forward, not every application for a purchase mortgage will necessarily trigger an appraisal . A new automated alternative to traditional appraisals, which the company introduced for refi..[read more]

Freddie Mac Puts Price on All-Cash Transactions
Fri, 18 Aug 2017 14:24:48 GMT

Posted To: MND NewsWireAs investors flooded into the housing market after it collapses, they brought cash with them. At one point, 35 percent of home sale transactions were closed without a mortgage, i.e. were all-cash sales. Home prices are up, the ..[read more]

Appraisal News; Lock Process Changes; HARP, CRT
Fri, 18 Aug 2017 12:50:33 GMT

Posted To: Pipeline PressBrad Pitt - a wannabe architect? In 2007, Pitt founded the Make It Right Foundation to build homes for families whose original residences had been washed away in Hurricane Katrina. Here's one - the "Tiny House" - very cool . ..[read more]

MBS Day Ahead: Most Traders Thinking "Don't Rock The Boat"
Fri, 18 Aug 2017 11:34:54 GMT

Posted To: MBS CommentaryA maritime analogy for bond trading in the Summertime... In the summer months especially, there's a boat-friendly baseline weather pattern offshore. Lest you think that's a generality that doesn't merit your full ..[read more]

MBS RECAP: Introducing The "Snow Cohn"
Thu, 17 Aug 2017 22:01:23 GMT

Posted To: MBS CommentaryWhat do you get when bond markets embark on a snowball rally due to headlines concerning Trump's Economic Advisor Gary Cohn? A delicious "Snow Cohn," of course (my team of writers assured me that was worth what I paid). I..[read more]

Trump Administration Drama Pushing Rates Even Lower
Thu, 17 Aug 2017 21:17:00 GMT

Posted To: Mortgage Rate WatchMortgage rates fell yesterday in response to a tweet about Trump disbanding his councils of CEOs. Twitter was in play again today . This time around it was Gary Cohn, Trump's economic advisor. Rather, it was rumors of Co..[read more]

 © 2017 Agent Image All rights reserved. | Terms | Sitemap Design by Agent Image - Real Estate Web Site Design