New Home Sales

Julie C. Nichols Mortgage

New Home Sales, which measures signed contracts on new homes, were up 7% in June, which was stronger that the 5.3% gain expected.  When taking the negative revision to the previous month into account, there was really only a 3.2% gain.  This is still a decent bounce back and sales are up 4.5% on a year over year basis.   …

I love my happy customers!

Julie C. Nichols Mortgage

Thank you Dustin for the awesome review.  I hope you enjoy your new beautiful Bloomfield home.   The views expressed are my own and do not necessarily reflect the views of my employer.  my website at: www.julieCnichols.com or contact me with any of your home loan questions, NMLS #280620.   Download my mobile app from the app store: https://apply.highlandsmortgage.com/cs6zs

Real Estate Heat Index

Julie C. Nichols Mortgage

View the FULL report online here: https://www.fivestarprofessional.com/content/images/heatindex/DALMP19_2019_6_72.pdf to see more information about how the Dallas/Fort Worth market compares nationally to other markets.     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, NMLS #280620.  Download my mobile …

Pending Home Sales

Julie C. Nichols Mortgage

Pending Home Sales, which measures signed contracts on existing homes and is a good leading indicator for Existing Home Sales, were up 1.1% in May.  This was slightly stronger than expectations looking for a 1% gain.  Pending Home Sales are now down only 0.7%, improved from down 2% year over year     Reblogged from MBS Highway: https://www.mbshighway.com/gallery/Pending-Home-Sales-6-27-2019-png   The …

First-Time homebuyer facts 1 of 5

Julie C. Nichols Mortgage

Interesting First Time homebuyer facts (Part 1)       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, NMLS #280620.  Download my mobile app from the app store: https://apply.highlandsmortgage.com/cs6zs      [tags Mortgage, Real Estate], [category Mortgage], …

FHFA House Price Index

Julie C. Nichols Mortgage

The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts.  Today’s report showed that home prices rose 0.4% in April, which was double the expectations.  The year over year appreciation rate increased from 4.9% to 5.2%.     Reblogged from MBS Highway: https://www.mbshighway.com/gallery/FHFA-6-25-2019-png

Fed Dots Chart

Julie C. Nichols Mortgage

The dot plot shows where the 17 Fed members expect the Fed Funds rate to be over the next few years and in the longer run.  It’s always surprising to see how far off some of the Fed members can be on their predictions.  Seven members think the Fed will cut twice this year, one believes they will cut once, …

13 things you should know about First-Time homebuyers in 2019

Julie C. Nichols Mortgage

    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, NMLS #280620.  Download my mobile app from the app store: https://apply.highlandsmortgage.com/cs6zs      [tags Mortgage, Real Estate], [category Mortgage], #MortgageBlog, #NicholsTeam, #JulieCNichols, #HighlandsResidentialMortgage, #BestMortgageLender      

Housing Starts

Julie C. Nichols Mortgage

Housing Starts, which gives us a reading on new construction, were down 0.9% in May…but that doesn’t tell the entire picture.  The previous report was revised higher by 3.7%, which makes today’s figure appear lower.  Without the revision, Starts are higher by 2.8% when compared to last month.  It should be noted that multi-family starts were higher, while single-family starts …

CoreLogic Loan Performance

Julie C. Nichols Mortgage

CoreLogic released their  Loan Performance for the month of March, and everything was still the same.  The health of loans continued to be strong – Loans 30 days or more past due remained stable at 4.0%, while seriously delinquent loans, which is defined as 90 days or more, remained at 1.4%.  Seriously delinquent homes in foreclosure also were unchanged at …