by Chris Mason | Jan 27, 2023 | Uncategorized
According to data from the National Association of Realtors (NAR), pending home sales rose 2.5% month over month in December. This marks the first increase since May 2022, following six consecutive months of declines. But what’s driving this positive change in... by Chris Mason | Jan 26, 2023 | Uncategorized
The Federal Reserve’s decision to increase the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in December 2022 was made to combat inflation. However, this increase in the Fed Funds Rate resulted in long-term mortgage rates more than doubling,... by Chris Mason | Jan 18, 2023 | Uncategorized
Mortgage rates are at their lowest point since September, and it’s bringing new demand into the market. According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage application volume jumped nearly 28% last week compared to the... by Chris Mason | Jan 12, 2023 | Uncategorized
The start of the new year has brought with it a surge in mortgage demand, as lower mortgage rates (I would say “lower,” I wouldn’t say “low”…) continue to entice homebuyers back into the market. We have seen an increase in inquiries... by Chris Mason | Jan 11, 2023 | Uncategorized
It’s a changing of the guard in the mortgage market. Wells Fargo, once the dominant player in the market, continues retreating from the space. Wells Fargo wholesale stopped existing years ago, yesterday it was announced that they were shutting down correspondent...