Maryland Mortgage Loans

An agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process. http://dlvr.it/SrSgm9

ICYMI: #ForBuyers #Pricing #FirstTimeHomeBuyers #RentvsBuy Why Homeownership Wins in the Long Run: Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? http://dlvr.it/SrJD2J http://dlvr.it/SrM6C6

#ForBuyers #ForSellers #HousingMarketUpdates Lending Standards Are Not Like They Were Leading Up to the Crash: You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. http://dlvr.it/SrM5MB http://dlvr.it/SrM60M

You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. http://dlvr.it/SrM5Lp

There are fewer houses coming on the market right now than we’d usually see this time of year. If you’re thinking of selling your home, taking advantage of the current low inventory may significantly increase your likelihood of receiving multiple offers. DM me so we can discuss our local market and why it's a good time to sell. #realestatemarket #inventory www.DanFreshley.com http://dlvr.it/SrJd7B

#ForBuyers #Pricing #FirstTimeHomeBuyers #RentvsBuy Why Homeownership Wins in the Long Run: Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? http://dlvr.it/SrJD2J http://dlvr.it/SrJDCs

Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? http://dlvr.it/SrJD1p

Eco-Friendly, Energy-Efficient Homes Attract Buyers NAR shows 48% of agents or brokers have noticed consumers are interested in sustainability. If you want to upgrade your house in a way that maximizes its green appeal, you need to work with a local agent to understand what buyers in your area are looking for. The same NAR report identifies the following green home features as most important to buyers at a national level: >>Windows, doors, and siding >>Proximity to frequently visited places >>A comfortable living space >>A home’s utility bills and operating costs While you can’t change the location of your house, you can take action to make sure it’s as comfortable as possible while also setting up the next owners for lower operating costs. ENERGY STAR shares some suggested upgrades as ones that may be worth considering: >>Heating and cooling >>Water heater >>Smart thermostat >>Attic insulation >>... #expertanswers #stayinformed...

Homeownership Helps Protect You from Inflation [INFOGRAPHIC] Wondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady. Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months. Especially when inflation is up, having a stable housing payment can be helpful. Let’s connect so you can learn more and start your journey to owning a home today. www.DanFreshley.com http://dlvr.it/Sr9LzS

Your mortgage pre-approval is an important first step in your homebuying journey. By getting pre-approved you’ll know what you can borrow for your home loan and you’ll be able to show sellers you’re serious about purchasing their house. DM me any questions you have about how to get started on your path to homeownership. #homebuyingprocess #preapproval www.DanFreshley.com http://dlvr.it/Sr79lp

ICYMI: What Homebuyers Need To Know About Credit Scores If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains, “Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.” This means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key factor in affordability, especially today. Working with a trusted lender’s the best way to get more information on how your credit score could factor into your home loan and the mortgage rate you’...

ICYMI: #ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers What Homebuyers Need To Know About Credit Scores: If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. http://dlvr.it/Sr3lZq http://dlvr.it/Sr6cvl

“So, HBO Max is now just ‘Max.’ Your move, Peacock.” Lenders continue to cogitate on their next moves as rates remain stubbornly high and inventory available for sale stubbornly low, and neither appears ready to change much any time in the near future. As I continue to visit with groups of lenders and vendors, lender’s overhead, and how comp figures into that, continues to be a hot topic. STRATMOR’s current blog is titled, “Compensation: Ever Changing,” and I asked STRATMOR CEO Lisa Springer about what lenders are doing in that area. “Lenders in increasing numbers are reaching out to STRATMOR to advise on compensation strategies from a holistic point of view, seeing how changes fit within the entire company. Management teams are thinking about structural changes and capitalizing on the opportunity to create win-win comp programs for both the employees and the companies.” In housing and inventory news, a recent real estate report from Zillow predicts 5% growth in home values this year. ...

What Homebuyers Need To Know About Credit Scores If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. Lenders review your credit to assess your ability to make payments on time, to pay back debts, and more. It’s also a factor that helps determine your mortgage rate. An article from Bankrate explains, “Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.” This means your credit score may feel even more important to your homebuying plans right now since mortgage rates are a key factor in affordability, especially today. Working with a trusted lender’s the best way to get more information on how your credit score could factor into your home loan and the mortgage rate you’re able...

ICYMI: #ForSellers #HousingMarketUpdates Eco-Friendly, Energy-Efficient Homes Attract Buyers: Are you planning to sell your house? http://dlvr.it/Sr0sbD http://dlvr.it/Sr3mG2

#ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers What Homebuyers Need To Know About Credit Scores: If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. http://dlvr.it/Sr3lZq http://dlvr.it/Sr3mCZ

If you’re thinking about buying a home, you should know your credit score’s a critical piece of the puzzle when it comes to qualifying for a home loan. http://dlvr.it/Sr3lb0

Weekly mortgage demand was flat, even as interest rates drop for the third straight week http://dlvr.it/Sr1LgT

The Mortgage Bankers Association (MBA) said home purchase activity increased last week, allowing for a small gain in its Market Composite Index. That index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis although it was down 1.0 percent compared with the previous week before adjustment.    The Refinance Index decreased 2 percent from the previous week and was 40 percent lower than the same week one year ago. The refinance share of mortgage activity decreased to 26.9 percent of total applications from 27.3 percent the previous week. [refiappschart] The seasonally adjusted Purchase Index increased 2 percent although it was 0.1 percent lower compared to a week earlier before adjustment. The index was down 32 percent from the same week in 2022.   [purchaseappschart] “The 30-year fixed mortgage rate declined for the third consecutive week to 6.73 percent, while other mortgage rates saw mixed results,” Joel Kan, MBA’s Vice President and De...

#ForSellers #HousingMarketUpdates Eco-Friendly, Energy-Efficient Homes Attract Buyers: Are you planning to sell your house? http://dlvr.it/Sr0sbD http://dlvr.it/Sr0tFV

ICYMI: #ForBuyers #ForSellers #Pricing #HousingMarketUpdates Why the Median Home Price Is Meaningless in Today’s Market: The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. http://dlvr.it/SqxwYW http://dlvr.it/Sr0t6N

Are you planning to sell your house? http://dlvr.it/Sr0sYk

Why the Median Home Price Is Meaningless in Today’s Market NAR will release their latest EHS report later this week. This monthly report provides information on the sales volume and price trend for previously owned homes. In the upcoming release, it’ll likely say home prices are down. This may feel a bit confusing, especially if you’ve been following along and seeing the blogs saying that home prices have bottomed out and turned a corner. So, why will this likely say home prices are falling when so many other price reports say they’re going back up? It all depends on the methodology of each report. NAR reports on the median sales price, while some other sources use repeat sales prices. Here’s how those approaches differ. WSU explains median prices like this: “The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and h... #realestate #homeownership #homebuying www.DanFreshley.com http://dlvr.it/SqyJzD

#ForBuyers #ForSellers #Pricing #HousingMarketUpdates Why the Median Home Price Is Meaningless in Today’s Market: The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. http://dlvr.it/SqxwYW http://dlvr.it/Sqxwlp

The National Association of Realtors (NAR) will release its latest Existing Home Sales (EHS) report later this week. http://dlvr.it/SqxwXc

If you're planning to buy your first home, then you're probably focused on saving for all the costs involved in such a big purchase. http://dlvr.it/Sqv6ZM

How Owning a Home Grows Your Wealth with Time [INFOGRAPHIC] If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. Over time, homeownership allows you to build equity. On average, nationwide home prices appreciated by 290.2% over the last 32 years. That means your net worth can grow significantly in the long-term when you own a home. DM me so you can start your homebuying journey today. #firsttimehomebuyer #opportunity www.DanFreshley.com http://dlvr.it/Sqq8Sf

If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. http://dlvr.it/SqmNJJ

Equity is the difference between the market value of your home and how much you owe on your mortgage. Your equity gets a boost when home prices appreciate. Today, 85% of sellers couldn’t be happier with how much equity they have. DM me to learn more about your home’s equity and how it can be leveraged in your next move. #homeequity #forcedsavings www.DanFreshley.com http://dlvr.it/SqgG21

The volume of mortgage applications posted the first gain since May 5, aided by lower interest rates and the usual post-holiday week bounce. The Mortgage Bankers Association (MBA) said its Market Composite Index increased 7.2 percent on a seasonally adjusted basis from a week earlier. On an unadjusted basis, the Index increased 18 percent.   The Refinance Index rose 6.0 percent week-over-week and was 41.0 percent lower than the same week one year ago. The refinance share of applications was unchanged from 27.3 percent of total applications a week earlier. [refiappschart] The Purchase Index was up a seasonally adjusted 8.0 percent and 17.0 percent before adjustment. It was 27.0 percent lower than the same week in 2022. [purchaseappschart] “Mortgage rates declined for the second straight week, with the 30-year fixed rate decreasing to 6.77 percent. Mortgage applications were up over the week, but remained well below levels from a year ago,” said Joel Kan, MBA’s Vice President and Deputy ...

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People ask why I have a problem with sensationalist headlines. Who you gonna believe, Realtor.com who tells us that foreclosures are spiking, or CoreLogic, who tells us that mortgage delinquencies are at an all-time low, both on the same day? Logically, given the equity position that many borrowers have (including plenty of all-cash buyers that have been going strong), their credit profile, and a huge demand by millions of people in their 20s and 30s, a lot of foreclosures makes no sense. And growth in certain areas continues, something that every lender should be aware of. Nine of the nation’s 15 fastest-growing cities were in the South, according to Vintage 2022 Population Estimates released by the U.S. Census Bureau. Of the nine fastest-growing cities in the South, six were in Texas. Following the population increase of 14 percent in Georgetown, Texas, was Santa Cruz, California, with a 12 percent increase, adding roughly 7,000 people to its population. The next three fastest-growin...

Real Estate Is Still Considered the Best Long-Term Investment With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds. If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision. Why Do Americans Still Feel So Positive About the Value of Investing in a Home? Purchasing real estate has typically been a solid long-term strategy for building wealth in America. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), notes, “. . . homeowners... #realestate #homeownership #homebuying www.DanFreshley.com http://dlvr.it/SqVsK2

This otherwise sleepy Friday began with the sort of clearly defined spike in volume and yield that often accompanies big ticket economic data.  With the time of the spike being 8:30am (the headliner time slot, to be sure), market watchers refreshed their econ calendars to make sure nothing was missing.  Only those with more international worldviews were immediately aware of what had just happened.  Canada's NFP equivalent fell 17.3k vs forecasts for +21.3k and a previous reading of 41.4k.  This is the first negative reading since the post-covid labor market volatility stabilized, and the second time this week Canadian market movers reached across the border. It's abnormal and interesting to see this much of a reaction to the Bank of Canada earlier this week and now to Canadian employment today.  It likely reflects the market's eagerness to identify a potential turning point in the forces underlying inflation as well as the general absence of any other relevant calenda...

June is #PrideMonth, and as we celebrate, let’s help make sure everyone can proudly pursue the dream of homeownership by strengthening our communities through diversity and inclusion. #Pride #PrideMonth #homeownershipmonth www.DanFreshley.com http://dlvr.it/SqQVKc

June is #PrideMonth, and as we celebrate, let’s help make sure everyone can proudly pursue the dream of homeownership by strengthening our communities through diversity and inclusion. #Pride #PrideMonth #homeownershipmonth www.DanFreshley.com http://dlvr.it/SqQVDD

Imagine my surprise at finding tag (like on the playground) is an organized sport. Imagine my surprise at finding two gas stations at the same intersection yesterday in Truckee, California with two different prices for unleaded! Rather than wait for the CFPB to tell me that I could save money by going to the cheapest station, as it did by paying for a study on how different lenders have different mortgage prices, I actually reasoned, all by myself, that I could, and did, buy the least expensive gasoline. Switching gears, but continuing on with the thinking vein, a lot of reasoning went into determining that a) the earth is round, and b) globes are not some newly invented conspiracy theory. Someone needs to let Georgia’s current GOP district chair Kandiss Taylor know globes are globes. What the heck am I missing by subscribing to the round earth concept? And how about this for sensationalist headlines from Auction.com: One-Third of Buyers Expect Home Prices to Decline. Really? “Despite ...

Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were 'unicorn' years. http://dlvr.it/SqQDkk

The four-day business week accompanying the Memorial Day Holiday contributed to a further slowdown in mortgage applications. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, decreased 1.4 percent on a seasonally adjusted basis and dropped 12 percent on an unadjusted basis. The Refinance Index decreased 1.0 percent from the previous week and was 42.0 percent lower than the same week one year ago. The refinance share of mortgage activity increased to 27.3 percent from 26.7 percent the previous week. [refiappschart] The seasonally adjusted Purchase Index dipped 2.0 percent. The unadjusted index was down 13.0 percent week-over-week and 27 percent on an annual basis. [purchaseappschart] “Mortgage rates declined last week from a recent high, but total application activity slipped for the fourth straight week ,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “The 30-year fixed rate dipped to 6.81 percent; 10 basis points...

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#ForBuyers #InterestRates The Main Reason Mortgage Rates Are So High: Today’s mortgage rates are top-of-mind for many homebuyers right now. http://dlvr.it/SqHkc0 http://dlvr.it/SqHl3g

Today’s mortgage rates are top-of-mind for many homebuyers right now. http://dlvr.it/SqHkbm

#ForBuyers #ForSellers #Pricing #HousingMarketUpdates Oops! Home Prices Didn’t Crash After All: During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. http://dlvr.it/Sq9RWy http://dlvr.it/Sq9S4z

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. http://dlvr.it/Sq9RWR

Reasons To Own Your Home [INFOGRAPHIC] June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home. Owning a home not only makes you feel proud and accomplished, but it’s also a big step toward having a secure and stable financial future. Are you ready to enjoy all the amazing advantages that come with owning a home? Let’s get in touch to start the process today. #firsttimehomebuyer #opportunity www.DanFreshley.com http://dlvr.it/Sq2phG

While lenders are grappling with steadily increasing Agency repurchase requests, it’s National Donut Day! Someone had better offer those folks at State Farm Insurance a donut… maybe they’ll change their mind about cutting off insuring properties in California. Three thousand miles away, I wonder if Florida home owners should be happy of even having insurance despite it being four times cost of the national average. And good luck insuring anything built near the coast prior to 1992’s Hurricane Andrew. While we’re on the topic of Mother Nature and economics, it’s fine for the Biden Administration, or any politician, to call for more affordable housing, but what about where’s there’s no land or a community limiting development due to running out of water like in Phoenix!? (Today’s podcast can be found here and this week’s is sponsored by Lenders One, one of the largest mortgage co-ops in the country with a diverse mix of 250+ member companies and providers of an end-to-end solution indepe...

June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home. http://dlvr.it/Sq27wH