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 …

Payment to Income Ratio

Julie C. Nichols Mortgage

Black Knight reported this morning that the monthly Payment to Income ratio has dropped to the lowest level in a year.  This is helped by lower rates and rising income and speaks to Affordability and the health of the housing market.     Reblogged from MBS Highway: https://www.mbshighway.com/gallery/Payment-to-Income-Ratio-6-4-2019-png   The views expressed are my own and do not necessarily reflect …

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 0.1% in March.  The year over year appreciation rate remained stable at 4.9%.  These are still very meaningful levels of appreciation for wealth creation.     Reblogged from MBS Highway: …

New Home Sales

Julie C. Nichols Mortgage

New Home Sales, which measures signed contracts on new homes, were down 6.9% in April, which was weaker than the 3% drop expected…but this doesn’t tell the whole story.  The March report was revised significantly higher.  When factoring in the revision, sales were only down 2.8%, which was in line with expectations.  Diana Olick and the media would have you …

Thank you Franc!

Julie C. Nichols Mortgage

Nothing makes my day better then a customer who takes the time to write a great review! Thank you Franc! You and Sierra were great to work with.  https://socialsurvey.me/pages/tish-ashley 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 …

Thank you Angel for the nice review!

Julie C. Nichols Mortgage

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

Existing Home Sales

Julie C. Nichols Mortgage

Existing Home Sales fell 0.4% in April.  This was weaker than the 2.7% gain expected, but really not a bad report as the media would have you believe.  Interestingly, homes remained on the market for only 24 days on average, which is down sharply from 36 days in March.  53% of homes sold in April were on the market for …