Millennials are flexing their homebuying muscles

Julie C. Nichols Mortgage

Reblogged from Scotsman Guide   Millennials have long been called the next wave of homebuyers. Recent data indicates their time has come. Millennials, or people between the ages of 19 and 37, were the most active generation of homebuyers in 2017, according to the National Association of Realtors (NAR). Based on a recent annual survey of homebuyers, NAR estimated that …

Mortgage Time

Julie C. Nichols Mortgage

Stocks Dive, Mortgage Rates Flat   Although the stock market suffered large losses this week, mortgage markets were relatively quiet. The two primary influences were the Fed meeting and a new tariff policy. Neither had much net effect, however, and mortgage rates finished the week nearly unchanged.    Following Wednesday’s Fed meeting, the statement and Chair Jerome Powell’s first press …

Mortgage Time

Julie C. Nichols Mortgage

Job Gains Surge   A wide range of events influenced mortgage rates this week, including important labor market data, a European Central Bank meeting, and government policy changes. Some were positive and some were negative. The net effect was mortgage rates finished the week higher.    <![if !vml]><![endif]> An upside surprise in job gains in Friday’s Employment report was negative …

Love my repeat customers!

Julie C. Nichols Mortgage

Repeat customers are the greatest compliment!  Congrats Steven and Jennifer.  Enjoy your new home!     The views expressed are my own and do not necessarily reflect the views of my employer.   Visit my website at: www.juliecnichols.com or contact me with any of your home loan questions.   [tags Mortgage, Real Estate] [category Mortgage] #MortgageBlog, #BestMortgageLender, #GMFSMortgage, #JulieNichols, #NicholsTeam, …

Mortgage Time

Julie C. Nichols Mortgage

Powell Testifies   A wide range of events influenced mortgage rates this week, including comments from the new Fed Chair, government policy changes, and surprises in the economic data. In the end, however, these were offsetting, and mortgage rates finished the week with little change.    On Tuesday, Jerome Powell gave his first testimony to Congress as Fed Chair. His …

Get into a home before summer!

Julie C. Nichols Mortgage

We are starting our First Time Home buying program now.  We’ve helped 5 people get into their FIRST home last quarter.  Don’t miss out on your chance to get into a home before summer!  Contact me to set up a free consultation – www.julieCnichols.com  

FHA’s Market Share has been dropping

Julie C. Nichols Mortgage

Reblogged from Scotsman Guide: http://www.scotsmanguide.com/News/2018/02/FHA-s-market-share-has-been-dropping/?utm_source=TopNews022318&utm_medium=email&utm_campaign=TopNews FHA’s market share has been dropping The three biggest players in the mortgage industry — the Federal Housing Administration (FHA) and the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac — have engaged in a battle of supremacy throughout the housing recovery. According to some market studies, however, FHA has been increasingly on the losing …

Another smooth closing!

Julie C. Nichols Mortgage

Congrats Jared and Trista!     The views expressed are my own and do not necessarily reflect the views of my employer.   Visit my website at: www.juliecnichols.com or contact me with any of your home loan questions.   [tags Mortgage, Real Estate] [category Mortgage] #MortgageBlog, #BestMortgageLender, #GMFSMortgage, #JulieNichols, #NicholsTeam, #JulieCNichols  

Mortgage Time

Julie C. Nichols Mortgage

Housing Starts Rise While there was some volatility, it was a relatively quiet week for mortgage rates. The major economic data was mixed. In a nice break from the recent upward trend, mortgage rates ended the week with little change.    The latest report on housing starts was encouraging. In January, single-family housing starts rose 4% from December. They were …

Mortgage Time Weekly Update

Julie C. Nichols Mortgage

Stocks Drive Rates   Early in the week, mortgage rates were driven by massive swings in the stock market, but the net result was small. Later, a budget deal and hawkish comments from European central bankers were negative for mortgage rates, and rates ended the week a little higher.    Quite often, stocks and mortgage rates will move in the …