Maryland Mortgage Loans

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ICYMI: When it comes to selling your house, the right price makes all the difference. Homes that are priced at market value sell quickly today. In fact, recent data shows 76% of homes sold in under a month. Let's chat so you have an expert to help you set the perfect price for your house so you can take advantage of today’s sellers’ market. #priceitright #sellyourhouse www.DanFreshley.com http://dlvr.it/St09Dd

#ForSellers #Pricing #MarketUpdates Pricing Your House Right Still Matters Today: While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. http://dlvr.it/SsznxQ http://dlvr.it/SszpRh

While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. http://dlvr.it/Ssznx3

When it comes to selling your house, the right price makes all the difference. Homes that are priced at market value sell quickly today. In fact, recent data shows 76% of homes sold in under a month. Let's chat so you have an expert to help you set the perfect price for your house so you can take advantage of today’s sellers’ market. #priceitright #sellyourhouse www.DanFreshley.com http://dlvr.it/SsxtdX

When it comes to selling your house, the right price makes all the difference. Homes that are priced at market value sell quickly today. In fact, recent data shows 76% of homes sold in under a month. Let's chat so you have an expert to help you set the perfect price for your house so you can take advantage of today’s sellers’ market. #priceitright #sellyourhouse www.DanFreshley.com http://dlvr.it/Ssxt9F

Right now, there are more buyers looking to make a purchase than there are homes available for sale. That’s why the market favors sellers and why homeowners are still seeing multiple offers today. DM me so we can start the process of selling your house before the end of the year. #sellersmarket #buyerdemand www.DanFreshley.com http://dlvr.it/Sssn7H

ICYMI: If you’re thinking about buying and you’ve been waiting and hoping home prices would fall, here’s what you need to know. The worst price declines are already behind us. So, it may not make sense to try to wait it out and score a deal. Instead, focus on finding a home that really fits your needs and budget based on where prices are now. DM me so you have help with that. #affordability #homebuying www.DanFreshley.com http://dlvr.it/SssYmg

ICYMI: #ForSellers #HousingMarketUpdates #SellingMyths Homebuyers Are Still More Active Than Usual: Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. http://dlvr.it/SspNLL http://dlvr.it/SssCVw

“I’m trying to organize a hide and seek tournament, but good players are really hard to find.” Good LOs (trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent… do I have that right?) can be hard to find. Compensation figures in there somewhere, and in this continued era of cost-cutting remember that HUD sent out a note years ago about mortgage loan officers being W-2. (Press your “Control/Ctrl” key and “F” simultaneously. Then type in W-2. There are nine mentions.) The CFPB, in its examinations, looks at LO comp. One can always ask the CFPB questions through this site, but more weight is put on LO compensation requirements under the Truth in Lending Act (Reg. Z) which addresses total loan originator compensation. It states that total income is either wages and tips reported on a W-2 or reportable income on a 1099. See 12 CFR Part 1026 (pg. 11352). One can also see the Final rule: Loan Originator Compensation Requirements under t...

If you’re thinking about buying and you’ve been waiting and hoping home prices would fall, here’s what you need to know. The worst price declines are already behind us. So, it may not make sense to try to wait it out and score a deal. Instead, focus on finding a home that really fits your needs and budget based on where prices are now. DM me so you have help with that. #affordability #homebuying www.DanFreshley.com http://dlvr.it/SspnBv

If you’re thinking about buying and you’ve been waiting and hoping home prices would fall, here’s what you need to know. The worst price declines are already behind us. So, it may not make sense to try to wait it out and score a deal. Instead, focus on finding a home that really fits your needs and budget based on where prices are now. DM me so you have help with that. #affordability #homebuying www.DanFreshley.com http://dlvr.it/SspmcW

#ForSellers #HousingMarketUpdates #SellingMyths Homebuyers Are Still More Active Than Usual: Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. http://dlvr.it/SspNLL http://dlvr.it/SspP5F

Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. http://dlvr.it/SspNMT

Mortgage application volume during the week ended July 24 was down slightly from the prior week. Static interest rates did little to stir the refinancing pot, but purchase volume declined. The Mortgage Bankers Association said its Market Composite Index, a measure of that volume, decreased 1.8 percent on a seasonally adjusted basis from one week earlier and was down 1.5 percent on an unadjusted basis. The Refinance Index ticked down 0.4 percent week-over-week and was 30 percent lower than the same week one year ago. The refinance share of mortgage activity increased to 28.7 percent of total applications from 28.4 percent the previous week. [refiappschart] The seasonally adjusted Purchase Index fell 3 percent and declined 2 percent before adjustment. The index was 23 percent lower than the same week one year ago.   [purchaseappschart] “Mortgage rates were essentially flat last week but remained high, with the 30-year fixed staying at 6.87 percent and contributing to a pullback in mortga...

ICYMI: #ForBuyers #Pricing #HousingMarketUpdates #BuyingMyths Don’t Fall for the Next Shocking Headlines About Home Prices: If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? http://dlvr.it/SshknB http://dlvr.it/SslXlf

After the last CPI report sent rates back down to the prevailing summertime range, we figured we'd be waiting until tomorrow's Fed day for the next big shoe to drop.  While that's generally been the case, rates haven't managed to stay perfectly inside the range.  The closer we get to the day itself, the more upward pressure we're seeing on yields. Overnight trading offered some clues about the pre-Fed weakness.  The typical correlation between US and EU bonds broke down in a fairly noticeable way with Treasuries weakening while EU bonds rallied.  Granted, neither move has been extreme, but the divergence is notable as it provides clues to Treasury-specific anxiety ahead of the Fed.  "Anxiety" in this context could be as simple as traders exiting long positions taken in the wake of the supportive bounce 2 weeks ago, or even the mini supportive bounce last week.  There's also always a possibility that Treasury auctions add some undue pressure when t...

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“I am part of the 4 percent who want to ban the teaching of math. We are a quarter of the country, and we will not be ignored! And that number is growing; soon we will be a fifth of the country!” While we’re being quantitative… Everyone knows that there are 50 stars on the United States Flag. In 1945 there were 48, before Alaska and Hawai’i were granted statehood. Someone should have told the folks who filmed or fact checked “Oppenheimer.” Continuing with numbers, the South or Midwest, which also boast the highest U.S. homeownership rates, are also the regions that have the highest rental vacancies in the nation, according to the U.S. Census Bureau’s Housing Vacancies and Homeownership data. The Midwest had the nation’s highest homeownership rate (70 percent) in the first quarter of 2023, followed by the South (67), Northeast (63) and West (62 percent). A bigger share of homeowners (41.6 percent) than renters (28.7 percent) had a bachelor’s degree or higher. They also earned more money...

ICYMI: #DistressedProperties #ForBuyers #Foreclosures Foreclosure Numbers Today Aren’t Like 2008: If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. http://dlvr.it/SsdzC7 http://dlvr.it/Sshlj7

#ForBuyers #Pricing #HousingMarketUpdates #BuyingMyths Don’t Fall for the Next Shocking Headlines About Home Prices: If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? http://dlvr.it/SshknB http://dlvr.it/Sshlcf

According to Freddie Mac, 18% of survey respondents say they’re likely to #buyahome in the next 6 months. This means there are still plenty of buyers thinking about making a move. If you’re considering selling your house, now’s a great time to start the process. DM me if you’re thinking of listing your home while we’re still in a #sellersmarket. #timetosell #sellersmarket #moveuphome www.DanFreshley.com http://dlvr.it/SsfZvG

Some things are fortuitous. For example, if Sting hadn’t been in Montserrat windsurfing when Dire Straits was recording “Money for Nothing,” would we have ever heard the iconic “I want my MTV” 38 years ago? Some things don’t go so smoothly, like insurance in places like California and Florida. Farmers Insurance is the latest home insurer to pull out of Florida’s market, labeling the move as a business decision that was “necessary to effectively manage risk exposure,” per the company’s statement provided to Fortune. Shortly after, AAA announced it’d reduce its presence in Florida. And some things are neither fortuitous nor bad, but just are. Occasionally I am asked about branch models, especially as companies, realizing that summer is passing with no huge uptick in sales and no great reduction in interest rates, are once again examining overhead and what kind of branch makes the most sense. I turned to STRATMOR Partner Jim Cameron who reminded me of an article he had penned, taking an i...

A 10-year rally in U.S. home prices could be coming to an end, says Yale's Robert Shiller http://dlvr.it/SsfNNz

#DistressedProperties #ForBuyers #Foreclosures Foreclosure Numbers Today Aren’t Like 2008: If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. http://dlvr.it/SsdzC7 http://dlvr.it/SsdzYY

If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. http://dlvr.it/SsdzBY

Home Prices Are Rebounding 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. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm. To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very different and much more positive story. While local home price trends still vary by market, here’s what the national data tells us. We can see the past year in the housing market can be divided into two parts. In the first half of 2022, home prices were going up, and fast. However, starting in July, prices began to go down. By around August or September, the trend started to stabilize. But, looking at the most recent data for early 2023, prices are going up again. Th...

ICYMI: #ForBuyers #Infographics #FirstTimeHomeBuyers #MoveUpBuyers Real Estate Continues To Be the Best Investment [INFOGRAPHIC]: According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. http://dlvr.it/SsWNZf http://dlvr.it/SsYtl4

Real Estate Continues To Be the Best Investment [INFOGRAPHIC] According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on. DM me if you’re ready to buy a home and invest in your future. #firsttimehomebuyer #opportunity www.DanFreshley.com http://dlvr.it/SsX0YT

#ForBuyers #Infographics #FirstTimeHomeBuyers #MoveUpBuyers Real Estate Continues To Be the Best Investment [INFOGRAPHIC]: According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. http://dlvr.it/SsWNZf http://dlvr.it/SsWNnc

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more. http://dlvr.it/SsWNXy

Before you decide to sell your house, it’s important to know what you can expect in the current housing market.  http://dlvr.it/SsM0Lj

Newly listed homes are down across the country. If you’re looking to move this summer, selling while the number of homes coming onto the market is so low means your house will be in the spotlight for eager buyers who have limited options. DM me today so we can discuss why now is a great time to sell, if you’re ready. #newlylistedhomes #sellersmarket www.DanFreshley.com http://dlvr.it/SsGCTx

ICYMI: #ForSellers #SellingMyths Renting or Selling Your House: What's the Best Move?: If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. http://dlvr.it/Ss3kqH http://dlvr.it/Ss6Xh7

Even as some companies transition back into the office, remote work remains a popular choice for many professionals. http://dlvr.it/Ss6X9F

If you’re planning to buy a home, saving for a down payment is probably top of mind. But do you know how much you need to save? Contrary to popular belief, you don't need to put down 20% unless it’s specified by your loan type or lender. The average down payment is much lower than you’d think. DM me today so we can start the homebuying process. #buyingahome #downpayment www.DanFreshley.com http://dlvr.it/Ss4Nyw

If you’re planning to buy a home, saving for a down payment is probably top of mind. But do you know how much you need to save? Contrary to popular belief, you don't need to put down 20% unless it’s specified by your loan type or lender. The average down payment is much lower than you’d think. DM me today so we can start the homebuying process. #buyingahome #downpayment www.DanFreshley.com http://dlvr.it/Ss4NTH

The Mortgage Bankers Association (MBA) reports a slight increase in the volume of mortgage applications during the week ended July 7. MBA’s seasonally adjusted Market Composite Index increased 0.9 percent on a seasonally adjusted basis from one week earlier , although it took an additional adjustment accounting for the Independence Day holiday to push it into positive territory. On an unadjusted basis, the Index dropped 19 percent compared with the previous week. The Refinance Index decreased 1.0 percent from the previous week and was 39 percent lower than the same week one year ago. The refinance share of mortgage activity decreased to 26.8 percent of total applications from 27.4 percent. [refiappschart] The seasonally adjusted Purchase Index increased 2.0 percent from one week earlier but was down 19 percent before adjustment. Purchase applications were 26 percent below their level the same week in 2022.   [purchaseappschart] “Incoming economic data continue to send mixed signals abo...

#ForSellers #SellingMyths Renting or Selling Your House: What's the Best Move?: If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. http://dlvr.it/Ss3kqH http://dlvr.it/Ss3lNC

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it.  http://dlvr.it/Ss3kqb

“The world is going to come to an end tonight at midnight. Tune in tomorrow to see if it did!” Sensationalist headlines or bad predictions are tiresome at best, misinformation at worst. There is actual news, however. For example, thank you to the Knowledge Coop’s Ken Perry who sent along the latest in the Matter of ICE and Black Knight. LOs and underwriters know that the Supreme Court overturned the Biden administration’s student-debt forgiveness plan which would have wiped off $430B in loans from the government's books, and people who worked hard to pay off their debt cheered. Although there are already some alternatives that are in the making, this carries huge implications for inflation, consumer discretionary spending, and the distribution of wealth in the U.S. In other news, the latest update on inflation in the U.S. is this week with June’s Consumer Price Index report. Economists forecast headline inflation to fall to 3.0 percent from 4.0 percent in May and core inflation to ...

#ForSellers #Pricing Reasons Your Home May Not Be Selling: When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. http://dlvr.it/Srxx8m http://dlvr.it/SrxxnK

When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. http://dlvr.it/Srxx8P

ICYMI: The Benefits of Downsizing for Homeowners [INFOGRAPHIC] Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a smaller home, DM me to go over your housing goals and look at your options on our local market. #expertanswers #stayinformed www.DanFreshley.com http://dlvr.it/SrvwBW

The Benefits of Downsizing for Homeowners [INFOGRAPHIC] Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a smaller home, DM me to go over your housing goals and look at your options on our local market. #expertanswers #stayinformed www.DanFreshley.com http://dlvr.it/Srt0JK

The Benefits of Downsizing for Homeowners [INFOGRAPHIC] Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a smaller home, DM me to go over your housing goals and look at your options on our local market. #expertanswers #stayinformed www.DanFreshley.com http://dlvr.it/Srt00S

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. http://dlvr.it/Srj9v5

Your credit score is important when it comes to qualifying for a home loan. While it doesn’t have to be perfect, typically speaking, the higher the score, the lower the mortgage rate and the better the terms you’ll qualify for. A lender can walk you through the specifics. But, if you’re getting ready to buy a home, reach out to me for more tips on the homebuying process. #creditscores #loanqualification www.DanFreshley.com http://dlvr.it/SrWY0n

Your credit score is important when it comes to qualifying for a home loan. While it doesn’t have to be perfect, typically speaking, the higher the score, the lower the mortgage rate and the better the terms you’ll qualify for. A lender can walk you through the specifics. But, if you’re getting ready to buy a home, reach out to me for more tips on the homebuying process. #creditscores #loanqualification www.DanFreshley.com http://dlvr.it/SrWXmL