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 …

US Homeownership rate still lags recession years

Julie C. Nichols Mortgage

Reblogged from Scotsman Guide: http://www.scotsmanguide.com/News/2018/02/U-S–homeownership-rate-still-lags-recession-years/?utm_source=TopNews020918&utm_medium=email&utm_campaign=TopNews   U.S. homeownership rate still lags recession years A booming housing market and strong employment gains haven’t yet moved the needle much on a low U.S. homeownership rate. Minority homeownership rates remain disturbingly low, but generally homeownership trends ran a litter higher in 2017. The year ended with a national homeownership rate at 64.2 percent …

Closing is Serious Business!

Julie C. Nichols Mortgage

We take closing seriously and wat to be there for every customer we can.  After the signing comes the fun!  Congratulations Kesha and Jake, we are so happy for you.       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 …

Market Perspective

Julie C. Nichols Mortgage

2017 sees highest home sales in 11 years.  View online.             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

What Happened to Mortgage Rates?   Comments from a European Central Bank official and stronger than expected data on wage growth were negative for mortgage rates this week. Wednesday’s Fed meeting contained no surprises and had little impact. The upward trend seen in recent weeks continued, and mortgage rates ended at the highest levels in years.   Unfavorable news for …

Skyrocketing Mortgage Rates

Julie C. Nichols Mortgage

Mortgage rates have continue to climb for 4 straight weeks and are at the highest they have been in over 4 years!    The Federal Reserve chose not to hike the prime rate this week but indicated it’s likely that we will see at least three rate hikes this year.  The Fed doesn’t set mortgage rates but its decisions do …

Mortgage Time

Julie C. Nichols Mortgage

Volatile Week   With a wide range of news this week, mortgage rates experienced a great deal of volatility. Congress reached a deal to fund the government, there was a European Central Bank meeting, and major economic data was released. These influences were offsetting, though, and mortgage rates ended the week with little change.   While sales of previously owned …