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 …

Housing Starts and Permits

Julie C. Nichols Mortgage

Housing Starts, which gives us a reading on new construction, were up 5.7%.  Additionally, last month’s figure was revised higher, which actually makes today’s gain look smaller.  Factoring in the revision, Starts were really up over 8%.  And the Starts were mostly in Single Family, which is what we want to see.  Single family starts were up over 6%. Permits, …

Five Star Award Winner

Julie C. Nichols Mortgage

Five Star Professional is pleased to announce that Julie C. Nichols is a 2019 Five Star Mortgage Professional! Julie C. is among an elite group of professionals honored with the Five Star award in the Dallas/Fort Worth area.   The Five Star Mortgage Professional award recognizes professionals who excel in client satisfaction. All award winners are chosen after undergoing rigorous research, including client nominations and evaluations, regulatory …

Bigger Wave of Potential Buyers

Julie C. Nichols Mortgage

  The amount of individuals turning the median home buying age, which is 34, is increasing significantly over the next several years.  That means that there will be a larger amount of individuals coming to market to either purchase or rent a home.  Zillow estimates that 3.11 million people are projected to enter the market by 2028, which is an …

Case-Shiller Home Price Index

Julie C. Nichols Mortgage

  Case-Shiller Home Price Index was released, which gives us an important, yet slightly dated, read on appreciation.  Case Shiller has a few indexes, two of which we pay the most attention: The National Index and the 20-city Index. The National Index, which covers all nine U.S. Census divisions, reported a 4% annual gain in February, down from 4.2% seen …