Paul G Cook - NMLS #2274085 - Advisors Mortgage Group, LLC.

The FED cut their FED Funds Rate by .5%, so what does that mean for you?

Nationwide Surge in Home Mortgage Lending Marks Broad Recovery in Second Quarter of 2024

Are you ready to get started with your refinance, new home purchase, or rate quote? Contact me today at 201.214.1992 or visit
https://advisorsmortgage.com/loan-officers/pcook/ for a personalized rate quote.

New Home Sales (July 2024)
July new home sales were much stronger than expectations, rising 10.6% month-over-month. June sales were also revised 8% higher. The median sales price rose 3.1% MoM to $429,800, as sales of homes in the higher-priced West region increased as a percentage of total sales.

https://online.fliphtml5.com/wcbmy/culg/ Flip through my book and then give me a call. Rates have fallen. Paul Cook 201.214.1992

Rent Vs Buy 2 (4)

I had to screen shot this. THIS is the opportunity on the horizon for every realtor and every mortgage loan officer. THAT last column is the flood of people waiting to jump into the housing market. 17% of 25-35 year old people are LIVING WITH THEIR PARENTS and this was in 2022. BUYERS, do not wait for the future to become obvious before you act. Rates are coming down.

After friendly inflation readings throughout the second quarter, more Fed members are signaling they are "getting closer" to cutting interest rates.

Read now: https://lnkd.in/e7naAy7S

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Case-Shiller Home Price Index (May 2024)
National home prices hit another all-time high per Case-Shiller, with May posting a seasonally adjusted 0.3% rise from April. Prices were also 5.9% higher than a year earlier, with Case-Shiller noting that their “home price index has appreciated 4.1% year-to-date, the fastest start in two years.”

THIS!!! Friends, family and industry partners - If you even THINK you know me, guess what... YOU ARE INVITED!! Be sure to RSVP. Click the link below or scan the QR code.

https://advisorsmortgage.com/track-party/

Pending Home Sales (April 2024)
Pending Home Sales (signed contracts on existing homes) PLUNGED 7.7% from March to April, as the index hit its lowest level in a year. NAR’s Chief Economist, Lawrence Yun, noted that “the impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market."

FHFA House Price Index (1Q 2024)
U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index, with strong growth seen in states across the country. FHFA noted that “the low inventory of homes for sale continued to contribute to house price appreciation despite mortgage rates that hovered around 7 percent.”

Market Update for the week of May 27th!

New Home Sales (April 2024)
After a strong rebound in March, signed contracts on new homes declined in April, coming in lower than expectations. Elevated mortgage rates kept some buyers on the sidelines last month, leading to a pullback in activity.

MBS Highway Housing Index (May 2024)
The MBS Highway National Housing Index dropped 1 point in May 2024, as an over 50 basis point jump in mortgage rates during April negated the normal seasonal upswing in activity. Home prices remain in expansion territory (above 50) in all regions.

ADP Employment Report (April 2024)
April saw hotter than expected private sector job growth, led by a boost in leisure and hospitality jobs, as employers added 192K new jobs versus the 175K that were expected. March’s figures were also revised higher (from 184K to 208K new jobs), with ADP noting that April’s “hiring was broad-based” with only the information sector showing weakness.

Hey homebuyers, ever wonder about the home buying process flow? Well I have it below laid out in an easy, step by step process. Enjoy and call me, FIRST.

Courtesy of Advisors Mortgage and me Paul Cook. I'll take care of you and your clients.

ADP Employment Report (March 2024)
Private sector job growth beat expectations in March, led by a huge boost in the leisure and hospitality sector, as employers added 184K new jobs versus the 148K that were expected. February’s figures were also revised higher (from 140K to 155K new jobs), with ADP adding that pay gains for job changers “rose dramatically.”

Exactly.

Do you know the difference? Assessed value is the amount your local government thinks your home is worth - this is what is used to determine property taxes. Appraised value is the amount a professional home appraiser thinks your home is worth. This amount is typically used by lenders when considering a mortgage application.

Pending Home Sales (February 2024)
Pending Home Sales (signed contracts on existing homes) rose 1.6% from January to February, showing that buyer demand remained strong even as mortgage rates ticked higher last month. NAR’s Chief Economist, Lawrence Yun, noted that a “steady rise in inventory” is expected this year, which is good news for buyers as we approach the busy spring season.

MBS Highway Housing Index (March 2024)
The strong, upward trajectory the MBS Highway National Housing Index experienced over the prior three months paused in March 2024, as mortgage rates reversed course and moved back above 7%. There was significant regional variation, however, with the Northeast and Mid-Atlantic regions getting even hotter, while the Southeast and Southwest regions lagged.

My new website!! If you are looking to get pre-approved for a new home or your clients want to find out more about the NJHMFA $10K to $22K for Cash to Close, let's make a deal! Call me at 201.214.1992

Paul Cook With big dreams and even more determination, Advisors Mortgage Group, LLC was founded in October 1999 by a single loan officer in a 400 square foot office in Shrewsbury, New [...]

Now for Ocean County.

Take a look at these numbers... Look at the condos!

This Home is the Retreat you Seek! 🏡
I know, because I used to live in these same neighborhoods where I raised my sons!
4 Bedrooms * 2 Full baths * 1 1/2 bath
A beautiful Colonial on 1+ acre with a spacious deck, huge basket ball court all on a fully fenced yard!
Don't miss out on this amazing home! Schedule a showing today!
*Asking $1,025,000
Contact me for a private appt:
Paul G. Cook | NextHome Force Realty Partners |📱 201.214.1992
📧 [email protected]
Listed by Raizy Benoliel | NextHome Force Realty Partners | Office: 855-653-6723

https://paulcook.forcenj.com/property/135-22400035-10-sheldon-drive-jackson-NJ-08527?fbclid=IwAR1qnzgp3llNnXjmmcWJidKfhRy7WDlYHinvjefB9HZOOs780R9oSZcJ5LE

10 Sheldon Drive, Jackson, NJ, 08527 Your dream home awaits in the VERY DESIRABLE WHISPERING H...