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The new, one-size, online mortgage solution, may not fit all borrowers – nor should it. When technology can be used to foster a more customized experience, why force conformity? Within this disconnect lies your greatest advantage. Read More
New American Funding, a national leader in mortgage lending, is honored to have received the exclusive Better Business Bureau (BBB) Torch Award for their solid commitment to ethics and trust in the marketplace. The award was presented Friday, Dec. Read More
Knowing How Builders Work Could Land You a Great Home with All the Extras Fantasy vacations, new cars, in-ground swimming pools, luxury appliances, zero closing costs, these are just some of the builder incentives homebuilders may offer to attract buyers. The slower the sales market, the more over-the-top the sales inducements can be. Read More
When you think about the places you have lived, what do you remember the most? That really cool restaurant nearby? Your favorite store around the corner? Ask many people what they most remember about a previous home and they’re likely to say, “The people I knew and the relationships I had with my neighbors. ” If this is the case for you, you’ve already experienced some of the benefits of being part of a neighborhood. Read More

Feeds

Differences Between Previous and Current FOMC Statements

Posted To: MBS Commentary

Information received since the Federal Open Market Committee met in MarchMay indicates that the labor market remains strong and that economic activity roseis rising at a solidmoderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. GrowthAlthough growth of household spending andappears businessto fixedhave investmentpicked slowedup from earlier in the firstyear, quarterindicators of business fixed investment have been soft. On a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2 percent. On balance, marketMarket-based measures of inflation compensation have remaineddeclined; low in recent months, and survey-based measures of longer-term inflation expectations are...(read more)

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Moderating Home Prices Stoke 'Time to Sell' Sentiment

Posted To: MND NewsWire

The second quarter HOME (Housing Opportunities and Market Experience) survey from the National Association of Realtors® (NAR) appears to indicate that a period of softening price increases and lower interest rates have only slightly improved the sentiment of potential homebuyers. Survey respondents who say it is a good time to buy a home remained at 65 percent although those who strongly felt so dipped by one point to 27 percent and those with a moderate opinion rose 1 point to 38 percent. Opinions about selling were more fluid. Seventy-three percent of respondents said it was a good time to sell, up from 65 percent in the Q1 survey and those with a strong opinion increased from 37 to 46 percent. The good time to buy sentiment was shared by two-thirds of respondents in three of the country...(read more)

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