Market Update: Stimulus Packages, Mortgage Rates, and Unemployment Reports With constant change and uncertainty surrounding much of 2021 from the ongoing pandemic, potential COVID stimulus, and volatile mortgage rates, the latest reports share their positives and negatives. Update on Mortgage Rates and the Housing Market The Democratic sweep in the Georgia Senate runoff election was […]
In major mortgage industry news to start the new year, one of the country’s largest mortgage companies has officially gone public on the New York Stock Exchange (NYSE) after a multibillion-dollar merger. What is United Wholesale Mortgage (UWM)? United Wholesale Mortgage (UWM) is the second-largest mortgage originator in America (behind Quicken Loans). It was founded […]
Most people understand the necessity behind purchasing title insurance, but few know that there are two distinct kinds of title insurance, and even fewer know the differences between them. Owner’s and Lender’s title insurance are similar in nature but cover two different sides of a real estate transaction. The Types of Title Insurance There are […]
The end of 2020 was an eventful one for the economy and its potential rebound after the pandemic. Vaccinations began to roll out, the holiday season showing positive signs, and the U.S. market continued its growth. Late 2020 Job Gains Fall Short of Expectations While the rebound from unprecedented job losses caused by the partial […]
Like many Americans, you have probably wondered if end of year refinancing would result in a better monthly payment, lower interest, and an overall better financial situation for you and your family. However, December might truly be the best time to consider your options and decide if refinancing is the right next step. Is End […]
The world is in a state of change as the most recent reports are released. Though a lot is still uncertain, there were positive signs for job recovery and in the housing market. Divided Government Means Steadiness in the Mortgage Rates During a week of election uncertainty, mortgage markets held steady, as investors expect that […]
The effects of COVID-19 are being felt across the country and in lots of industries in many different ways. As for housing, this will affect how you buy and sell homes in the immediate future, especially because of the historic impact on mortgage rates. Mortgage Rates at Record Lows With the COVID crisis affecting the […]
With a world full of constantly changing factors that make impacts on the market, we have to look for the official numbers to make projections and find insights into the markets. Here are some findings from recent reports across the country. Unemployment Drops This week’s major economic data was generally in line with expectations and […]
Despite the fact that the coronavirus pandemic left millions unemployed, destroyed the economy, and saw businesses closing their doors left and right, there have been rising housing prices across the United States. Even though the market dropped in the beginning stages of the pandemic, it made a rapid and relieving recovery, with median home prices […]
Economic activity continues to ramp up as the nation further eases COVID restrictions and prepares for the upcoming presidential election. Social unrest, the death of Supreme Court Justice Ruth Bader Ginsburg, and concerns over the Coronavirus pandemic continue to remain incredibly important. Job Gains Increase The labor market continues to see faster than normal growth […]