WIRE FRAUD IS A $30 TO $50 BILLION ANNUAL PROBLEM. While mortgage wire fraud is not something we commonly see, it is preventable! WHAT DOES WIRE FRAUD LOOK LIKE?

Existing Home Sales, (closings on existing homes) showed sales were down 2.7% in March at a 5.77 million unit annualized pace. Note that this likely measured activity in January and February when rates were rising but not at their current levels.

The Consumer Price Index (CPI), which measures inflation on the consumer level, rose by 1.2% in March. This pushed the year-over-year reading higher from 7.9% to 8.5%, which is the hottest reading in 41 years. Core (CPI), which strips out volatile food and energy prices, rose by 0.3%.

Our latest update on Mortgage rates anticipated to increase. This could cause a significant impact on mortgages. Increasing the supply and removing the largest buyer simultaneously is like doubling down on upward pressure on rates.

Home affordability declines quickly when rates and prices rise together. Buyers who are waiting to purchase may not qualify for the same price home today in 6 months! In a rising market, you usually can't out-save appreciation.

Busy week ahead of us. New home sales are predicted to increase by 1% while pending home sales will decrease by 10%. Example shows a median-priced home in 2021 with 20% down and a 3.375% rate.

Home average sales prices are up +10% YTD with days on market down -12% YTD. It's a great time to list your home and take advantage of its appreciation.

Higher inflation increases interest in holding durable assets like real estate. In doing so this also affects the cost of money creating increases; both affect the impact prices.

As you can imagine, numerous factors are involved and one size often does not fit all, but there are many advantages to homeownership. Here are the top 3 in our opinion!

One of the ways I have invested in my business is by becoming a Certified Mortgage Advisor. The CMA CERTIFIED MORTGAGE ADVISOR™️ certification is the standard of excellence in the mortgage industry.

Consumer inflation reached a 40-year high and Fed members made headlines in response. Jobless Claims continue to move in the right direction. The Consumer Price Index showed consumer inflation rose by 0.6% in January while the year-over-year rose from 7% to 7.5%.

Homestead exemptions lower your taxes by reducing the taxable value of your primary residence. The property only qualifies for the exemption if the taxpayer has owned and been using the home as his or her primary residence on or before January 1, 2021.

Purchasing a home is a big investment. Therefore, lenders want to make sure you’ll be able to pay it back on time, and your credit score is one of the most important indicators of this.

Mortgage rates are certainly climbing up this week, due in part to the Feds easing up on buying mortgage-backed securities, the inflationary jitters that could drive a recession, and, of course, the pandemic.