Mortgage Time

Julie C. Nichols General

Volatility from Politics Political news caused some volatility for mortgage rates this week, but the net effect was small. There was little reaction to the economic data or to Friday’s highly anticipated speech by Fed Chair Janet Yellen. Her speech did not include comments about monetary policy. Mortgage rates ended the week slightly lower, at the best levels of the …

Mortgage Time

Julie C. Nichols General

Data, Fed, Politics Uncertainty surrounding the Trump administration and dovish Fed minutes were positive for mortgage rates this week. Stronger than expected economic data had the opposite effect. While it was a fairly volatile week, the net result of these influences was that mortgage rates ended the week with little change, remaining near the best levels of the year. After …

Mortgage Time

Julie C. Nichols General

Low Inflation Low inflation and rising tensions with North Korea were good for mortgage rates this week, while strong labor market data was negative. The net effect was that mortgage rates ended the week a little lower, near the best levels of the year. Fed officials are hoping for inflation to rise, but the recent data has not cooperated. On …

Thank you Ashlie for the Nice Review!

Julie C. Nichols General

Nothing makes my Friday afternoon like receiving a 5-star review from a customer! 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. #MortgageBlog, #BestMortgageLender, #GMFS, #JulieNichols, #NicholsTeam, #ChangingLives

Mortgage Time

Julie C. Nichols General

Mixed Data With little fresh news from global central bankers this week, the economic data was the primary influence on mortgage rates. Some reports were positive and some were negative. The net effect was that mortgage rates ended the week slightly lower. The Fed’s target level for inflation is an annual rate of 2.0%. Tuesday’s release of the core PCE …

Congratulations Jeff & Ashlie!

Julie C. Nichols General

All in the Family! Buyers and Sellers! Congratulations Jeff & Ashlie. It was great working with everyone and what a fun closing with your precious little ones! 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. #MortgageBlog #NicholsTeam …

NAR: Future appraiser shortage is real

Julie C. Nichols General

Reblogged from Scotsman Guide – Victor Whitman Realtors are again ringing alarm bells over a potential future crisis in the appraisal industry. In a new report, the National Association of Realtors (NAR) said that a wave of retiring appraisers and a lack of new entrants into the field could create a serious shortage of available appraisers for the housing and …

Mortgage Time

Julie C. Nichols General

Fed to Act "Relatively Soon" This week’s Fed meeting caused some volatility but had almost no net effect on mortgage rates. The economic data caused little reaction. Mortgage rates ended the week very slightly higher. The statement released on Wednesday following the conclusion of the Fed meeting contained little new guidance about future policy. According to the statement, officials expect …

Mortgage Time

Julie C. Nichols General

ECB More Dovish This week’s movement in mortgage rates was mostly due to a more dovish investor outlook for the European Central Bank (ECB). The economic data caused little reaction. Mortgage rates ended the week lower. For years, the ECB has had a program in place to purchase massive quantities of bonds. The most recent extension of the program consists …

Congratulations Yameen and Mariam on your investment home purchase!

Julie C. Nichols General

Congratulations Yameen and Mariam on your investment home purchase! Great location and investment potential. 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. #MortgageBlog, #BestMortgageLender, #GMFS, #JulieNichols, #NicholsTeam, #ChangingLives