Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. And now one of the types of loans that defined that era is staging a comeback. More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments […]
July 6 – CVAR Connect
_____________ CVAR Online Tuesdays | Contract College (14-Week, Tuesdays-Sept. 21; $35 entire series) July 6 & 8 | NCREA – Commercial CRE Sellers July 7 | Ethics Training – Replay satisfies the NAR Code of Ethics requirement July 8 | Hurdlr Overview Business Tracking app – Keeping It Real w/ Kim & Kris July 9 | License Renewal – […]
NAR Economist Explains Housing Rebound By the Nos.
The housing market has rebounded from the low hit last spring during the worst of the coronavirus pandemic, the Department of Housing and Urban Development reported. Sales of new and existing houses are driven by low mortgage rates and a desire by many to leave cities for the suburbs. Lawrence Yun, chief economist at the […]
Mortgage Points or No Points?
Mortgage borrowers often have a choice to pay more up front in points to get an interest rate reduction or save money and accept a higher rate. It’s a choice that more buyers are considering, particularly jumbo borrowers—those who borrow more than $510,400 in most locales. Borrowers should carefully weigh the decision when choosing to […]
Fed Cut Impact on Homebuyers, Homeowners Looking to Refi
The 30-year fixed-rate mortgage dropped to 3.29% during the week ending March 5, a major decrease of 16 basis points from the previous week, Freddie Mac reported Thursday. The Fed made this rare move to lower the federal funds rate by a half-point to a range of 1% to 1.25% in between its regularly scheduled meetings. […]
Client Tip: Race to Refinance Is Costing Homeowners
Many Americans who need cash are taking it out of their homes but at higher interest rates. Over the past two years, a big chunk of homeowners have refinanced to tap their home equity–cash-out refinancings, as they are known–to free up money to pay down credit-card debt, renovate or invest in a new property. Nearly […]
Jan. 6 CVAR At A Glance
Featured Classes & Events Now offered one Saturday a month! Jan. 6 | CRMLS Training – Glendora – Free Jan. 8 | New Member Orientation – All Locations Jan. 8 | zipForm® Training – All Locations – Free Jan. 9-Feb. 27 | Contract College – Glendora – 8 Thursdays Jan. 11 | New! Saturday Ethics Training (CVAR East […]
Client Tip: 3 Reasons to Refi
The Federal Reserve – the organization responsible for setting mortgage interest rates – decided to cut rates for the third time this year in October, resulting in some of the lowest interest rates we’ve seen in a while. This has led many homeowners to wonder if now is a good time for them to refinance […]
Builder Optimism Growing Thanks to Falling Rates
The numbers: Home builders are gung-ho again thanks to dramatically lower mortgage rates. A survey of home-builder sentiment surged to a 20-month high of 71 in October from 68 in the prior month, the National Association of Home Builders reported earlier this month. Readings over 50 are a sign confidence is improving. Just 10 months ago, the […]
Oct. 7 CVAR At A Glance
Featured Classes and Events Oct. 7 | CRMLS Training – Glendora – Free Oct. 8 | 2020 The Agent With Vision – YPN Forum – Free Oct. 9 | New Member Orientation – All Locations Oct. 9 | zipForm® Basic – Free – All Locations Oct. 10 | Mortgage License Origination (MLO) – Glendora Oct. 11 | Brian Buffini Success Tour […]