Maryland Mortgage Loans

When I grow up, I want to own a place at the beach. It turns out that if I’m not too picky, and don’t mind being within a mile of the surf, I might be able to swing it. Here are the “Cheapest Places to Own a Place at the Beach in the U.S.” People living there had better pay their property taxes, but it’s no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association (who knew there was such a thing?!). Each year, the average American household spends, if they pay it, $2,690 on real-estate property taxes plus another $444 for residents of the 26 states with vehicle property taxes. WalletHub's 2023’s Property Taxes by State report reveals that Hawaii has the lowest real-estate tax, $700, while New Jersey is highest at $6,057. Twenty-six states levy some form of vehicle property tax. “Blue” states have 30 percent higher real-estate property taxes than “Red” states, averaging $2,991 versus averaging $2,297. (Today’s podcast

ICYMI: Remember and Honor Those Who Gave All We remember and honor those who gave all. #rememberandhonor #memorialday www.DanFreshley.com http://dlvr.it/Spsf16

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word: “Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed, and people needed a home office and big backyard. >>Waves of first-time and second-home buyers entered the market. >>Already low mortgage rates were driven to historic lows. >>The forbearance plan all but eliminated foreclosures. >>Home values reached appre

ICYMI: #Uncategorized #Infographics #Holidays Remember and Honor Those Who Gave All http://dlvr.it/SppFNf http://dlvr.it/Sps1NJ

#ForBuyers #ForSellers #Foreclosures #Pricing #HousingMarketUpdates Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off: Comparing real estate metrics from one year to another can be challenging in a normal housing market. http://dlvr.it/Sps0PJ http://dlvr.it/Sps0tP

Remember and Honor Those Who Gave All We remember and honor those who gave all. #rememberandhonor #memorialday www.DanFreshley.com http://dlvr.it/SppsVk

Remember and Honor Those Who Gave All We remember and honor those who gave all. #rememberandhonor #memorialday www.DanFreshley.com http://dlvr.it/SppsNX

ICYMI: The process of buying or selling a home can feel a bit intimidating, especially in today’s market. There’s a limited number of homes for sale, and that’s creating buyer competition and driving home prices back up. That’s why it’s important to have a skilled expert on your side. If you’re ready to make a move, let’s connect. #realestateexpert #realestategoals www.DanFreshley.com http://dlvr.it/Sppcp3

#Uncategorized #Infographics #Holidays Remember and Honor Those Who Gave All http://dlvr.it/SppFNf http://dlvr.it/SppFz6

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The process of buying or selling a home can feel a bit intimidating, especially in today’s market. There’s a limited number of homes for sale, and that’s creating buyer competition and driving home prices back up. That’s why it’s important to have a skilled expert on your side. If you’re ready to make a move, let’s connect. #realestateexpert #realestategoals www.DanFreshley.com http://dlvr.it/Spm4WY

The process of buying or selling a home can feel a bit intimidating, especially in today’s market. There’s a limited number of homes for sale, and that’s creating buyer competition and driving home prices back up. That’s why it’s important to have a skilled expert on your side. If you’re ready to make a move, let’s connect. #realestateexpert #realestategoals www.DanFreshley.com http://dlvr.it/Spm4Qs

The Benefits of Selling Now, According to Experts If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house. Here’s what industry experts are saying about why selling now has its benefits: Lawrence Yun, Chief Economist at NAR: “Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.” Selma Hepp, Chief Economist at CoreLogic: “We have not seen the traditional uptick in new listings from existing homeowners, so undersupply of housing will continue to heighten market competition and put pressure on prices in most re... #expertanswers #stayinformed www.DanFreshley.com http://dlvr.it/SpjpvS

ICYMI: #ForSellers #Infographics Moving Now Can Give Your House Its Day in the Sun [INFOGRAPHIC]: If you want to sell your house, consider doing it this summer. http://dlvr.it/SpfnR7 http://dlvr.it/SpjYxq

#ForSellers #Infographics Moving Now Can Give Your House Its Day in the Sun [INFOGRAPHIC]: If you want to sell your house, consider doing it this summer. http://dlvr.it/SpfnR7 http://dlvr.it/SpfnwN

If you want to sell your house, consider doing it this summer. http://dlvr.it/SpfnPV

If you’re trying to decide if now’s the time to sell your house, here’s what you should know. http://dlvr.it/SpbclY

The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis during the week ended May 19 and was 5 percent lower than the previous week on an unadjusted basis. It was the second consecutive weekly decline. The Refinance Index was down 5 percent and was 44 percent lower than the same week one year ago. The refinance share of applications was unchanged at 27.4 percent.   [refiappschart] The seasonally adjusted Purchase Index fell 4 percent . The unadjusted version was 5 percent lower week-over-week and 30 percent lower on an annual basis. [purchaseappschart] “ Mortgage applications declined almost five percent last week as borrowers remained sensitive to higher rates . The 30-year fixed rate increased to 6.69 percent, the highest level since March,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Since rates have been so volatile and for-sale inventory still sc

#ForBuyers #FirstTimeHomeBuyers #RentvsBuy Owning a Home Helps Protect Against Inflation: You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. http://dlvr.it/SpXSNH http://dlvr.it/SpXSmW

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. http://dlvr.it/SpXSMb

For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. http://dlvr.it/SpTLdg

ICYMI: What You Need To Know About Home Price News NAR will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. Here’s why using the median home price as a gauge of what’s happening with home values isn’t ideal right now. According to the Center for Real Studies at Wichita State University, “The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less. While this is a good measure of the typical sale price, it is not very useful for measuring home price appreciation because it is affected

#ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers Why Buyers Need an Expert Agent by Their Side: The process of buying a home can feel a bit intimidating, even under normal circumstances. http://dlvr.it/SpQNbd http://dlvr.it/SpQP2V

The process of buying a home can feel a bit intimidating, even under normal circumstances. http://dlvr.it/SpQNc5

What You Need To Know About Home Price News NAR will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. Here’s why using the median home price as a gauge of what’s happening with home values isn’t ideal right now. According to the Center for Real Studies at Wichita State University, “The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less. While this is a good measure of the typical sale price, it is not very useful for measuring home price appreciation because it is affected by the

The spring housing market has been surprisingly active this year. http://dlvr.it/SpDHp9

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. http://dlvr.it/Sp6Hmz

Why Today’s Housing Market Is Not About To Crash There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why. >>It’s Harder To Get a Loan Now It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Things are different now as purchasers face increasingly higher standards from mortgage companies. >>Unemployment Recovered Faster This Time While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already recovered back to pre-pandemic levels. Because so many people are employed today, there’s less risk of homeowners f

The Impact of Inflation on Mortgage Rates If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. While the Fed’s actions don’t directly dictate what happens with mortgage rates, their decisions do have an impact and contributed to the intentional cooldown in the housing market last year. During times of high inflation, your everyday expenses go up. That means you’ve likely felt the pinch at the gas pump and in the grocery store. By raising the Federal Funds Rate, the Fed is actively trying to lower inflation. If the Fed i

The Best Time To Sell Your House Is When Others Aren’t Selling If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market. In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April. While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house. It’s called rate lock. As a recent survey from Realtor.com explains, 56% of people who are planning to sell in the next 12 month

#ForSellers #HousingMarketUpdates #SellingMyths The Best Time To Sell Your House Is When Others Aren’t Selling: If you’re thinking about selling your house, you should know the number of homes for sale right now is low. http://dlvr.it/SnspPW http://dlvr.it/Snspsv

If you’re thinking about selling your house, you should know the number of homes for sale right now is low. http://dlvr.it/SnspND

There’s been some concern lately that the housing market is headed for a crash. http://dlvr.it/Snlw2L

ICYMI: Here are just some of the financial benefits that come with owning your own home. Homeownership enables you to stabilize your housing payment via a fixed rate mortgage, helps you build your net worth, and gives you an asset that typically gains value over time. DM me so we can start your homebuying journey today. #investinyourfuture www.DanFreshley.com http://dlvr.it/Sng2x1

Have you been thinking about making a move? Even with today’s higher mortgage rates, it may still make sense to do so. That’s because your needs and lifestyle are also a factor. Maybe you need more space, or perhaps you just want something newer. Whatever your motivation, let’s work together to sell your current house and find the home that’s right for you. #makememove #homegoals #housegoals www.DanFreshley.com http://dlvr.it/Sng2DY

Have you been thinking about making a move? Even with today’s higher mortgage rates, it may still make sense to do so. That’s because your needs and lifestyle are also a factor. Maybe you need more space, or perhaps you just want something newer. Whatever your motivation, let’s work together to sell your current house and find the home that’s right for you. #makememove #homegoals #housegoals www.DanFreshley.com http://dlvr.it/Sng28T

Here are just some of the financial benefits that come with owning your own home. Homeownership enables you to stabilize your housing payment via a fixed rate mortgage, helps you build your net worth, and gives you an asset that typically gains value over time. DM me so we can start your homebuying journey today. #investinyourfuture www.DanFreshley.com http://dlvr.it/Snd3NZ

Here are just some of the financial benefits that come with owning your own home. Homeownership enables you to stabilize your housing payment via a fixed rate mortgage, helps you build your net worth, and gives you an asset that typically gains value over time. DM me so we can start your homebuying journey today. #investinyourfuture www.DanFreshley.com http://dlvr.it/Snd3LB

ICYMI: #ForSellers #Infographics #HousingMarketUpdates Reasons To Sell Your House Today [INFOGRAPHIC]: * Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. * Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move. http://dlvr.it/SnZDbF http://dlvr.it/Sncntv

Reasons To Sell Your House Today [INFOGRAPHIC] Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move. If you’re thinking about selling your house, let’s connect to discuss if now may be the time to move. #realestate #homeownership #homebuying www.DanFreshley.com http://dlvr.it/SnZpgS

#ForSellers #Infographics #HousingMarketUpdates Reasons To Sell Your House Today [INFOGRAPHIC]: * Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. * Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move. http://dlvr.it/SnZDbF http://dlvr.it/SnZF1S

* Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. * Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move. http://dlvr.it/SnZDVw

Downsizing has long been a popular option when homeowners reach retirement age. http://dlvr.it/SnWKKV

If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. http://dlvr.it/SnSQtt

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Did you know that cows snooze laying down for the four hours of sleep they need a day? Did you know that horses sleep standing up? These tidbits may come in handy for me this week as I head to Cody, Wyoming for the WMLA annual conference. Or they may not. Here’s a question not so trivial: what has 250,000 customers and a $37 billion unpaid principal balance? Answer: Rushmore Loan Management Services’ residential mortgage servicing platform, being sold to Mr. Cooper Group this year. Recall that Mr. Cooper agreed to acquire Roosevelt Management Company, LLC, Rushmore's parent company, to serve as the platform for its mortgage servicing rights fund asset management strategy. Lenders of all shapes and sizes have been selling their MSRs for various reasons, not the least of which is to raise cash in tough times, and it appears that “tough” times will be with our industry for a while. For many lenders, servicing is the only asset worth anything. Depository banks know a thing or two about

ICYMI: Why Today's Foreclosure Numbers Are Nothing Like 2008 You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think twice about buying a home for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Let’s look at the latest information with context so we can see how this compares to previous years. As the government’s moratorium came to an end, there was a

#ForBuyers #FirstTimeHomeBuyers #BuyingMyths #RentvsBuy Why Buying a Home Makes More Sense Than Renting Today: Wondering if you should continue renting or if you should by a home this year? http://dlvr.it/SnLmQZ http://dlvr.it/SnLmm8

Wondering if you should continue renting or if you should by a home this year? http://dlvr.it/SnLmQL