VinceLends

Now lets do away with TRID!! This is a start though.

CFPB Looks at Changing Qualified Mortgage Rule, Lifting DTI Limits With its so-called GSE Patch set to expire on January 10, 2021 (unless by some miracle the conservatorship of Fannie Mae and Freddie Mac (the GSEs) ends earlier), the Consumer Financial Protection Age...

DC??? Not so much!!

Americans are fleeing the most expensive US cities—and moving to these 10 more affordable places Many Americans are looking to leave expensive coastal cities, according to Redfin.com's housing migration report for Q4 of 2019, which analyzed data from more than 1 million Redfin users. Here are 10 metro areas they're flocking to instead.

Fannie's Housing Forecast Expects Silver Lining for Dreary New Home Sales and the Economy Fannie Mae substantially revised its housing forecast this month, especially as regards new home construction. The company's Economic and Strategic Research (ESR) Group said it based its upward revision on "the breadth of positive economic signals," including...

2020 - Conforming & Agency Jumbo Loan Limits for Washington, DC are going up!!

Arlington, Alexandria most competitive housing markets in the country For potential buyers, the most intense competition in the country is in Arlington and Alexandria

Really!!

Fed may cut rates near zero if U.S.-China trade worsens: Morgan... The Federal Reserve may lower U.S. interest rates to near zero by the spring of ...

New Data Prompts Freddie Mac to Upgrade Their Forecast Freddie Mac's May Forecast continues to look for a downward trending interest on the 30-year fixed-rate mortgage. The company's economists are project an average rate of 4.3 percent this year with a small increase to 4.5 percent in 2020. Coupled with a strong...

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Home Prices Grow by 3.7% in March, Expected to Pick Up Home price growth continued to slow on an annual basis in March. The CoreLogic Home Price Index (HPI) shows home prices increased from the previous March by 3.7 percent. The annual growth rates in January and February were 4.4 percent and 4.0 percent respectively...

Now we're talkin'

2019's Housing Market Is Likely to Be Stronger Than We Thought—Here's Why Despite the housing slowdown that's gripped the nation, higher prices and more home sales than anticipated are on the way.

Strong New Home Sales Report Puts Data Back on Schedule With the third set of new home sales data in 21 days it seems the Census Bureau has caught up from the partial government shutdown. Whether because of the delay, or just in the normal course of revisions, changes to the December numbers were dramatic enough...

Moderating Home Prices May Turn the Tide for Would-be Buyers The CoreLogic Home Price Index puts the annual rate of appreciation nationally at 4.7 percent in December and the gain from November 2018 to December at 0.1 percent. All states but Louisiana and North Dakota had price increases over the 12 months ended in December...

Despite Inventory and Affordability Woes, Home Prices Continue to Rise The pace of home price increases slowed a little more in November. The non-seasonally adjusted (NSA) S&P CoreLogic Case-Shiller U.S. National Home Price Index which covers all nine U.S. census divisions, reported a 5.2 percent annual gain in November, down...

Millionaires Cash-Out Too; Big Refis for Big Homes Somewhere in this country there are 230 homes with mortgage balances between $10 and $20 million dollars. According to a post written by Arthur Jobe in the CoreLogic Insights blog, 75 percent of them were originated since 2013, and 180 represent refinances...

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Mortgage Applications: Trade Fears Drive Rates Lower, Borrowers Respond Borrower activity continued to pick up last week as interest rates retreated to September levels and mortgage applications extended their recent winning streak. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application...

Buyers Not Holding Their Breath for Short Term Market Relief It ain't going to get any easier... The National Association of Home Builders (NAHB) tells us these cheery words encapsulate the attitude of respondents to its survey regarding home purchasing. The company's Housing Trends Report for the third quarter of the...

Agreed!!

Cramer: Fed chief Powell needs to pause hikes next year — he can't ask for a do-over Jim Cramer has been critical of Fed chief Powell, agreeing with President Donald Trump, but for different reasons, that rate increases should be halted.

Here's how much money you have to make to afford an 'average' home in the hottest US cities The median U.S. household income is up, but it still "isn't enough to afford a typical home in 25 out of the 50 cities" financial site How Much looked at.

WOW!!!! Let do it!!!

BLS: Job Openings "reached a series high of 7.1 million" in August Notes: In August there were 6.939 million job openings, and, according to the August Employment report, there were 6.234 million unemployed...

Lets Go . . .

Housing Market Struggles to Keep Pace With US Economy Freddie Mac's Economic and Housing Research Group said on Monday that the U.S. economy and job market are firing on nearly all cylinders , "but the housing market has essentially stalled ." The solid growth of the U.S. economy during the second quarter, an...

Homeowners are sitting on $6 trillion in available cash, but they're not tapping it The big gains in home values over the last two years are starting to slow down, but U.S. homeowners are still reaping the rewards. As prices continue to rise, so too does the amount of home equity available for homeowners to tap.

Mortgage Rates Edge Higher, Then Lower Mortgage rates began the day slightly higher . In fact, for several lenders, it was the biggest day-over-day move higher in more than 2 weeks. The key word here is "was." Things quickly changed in the mid-morning hours after Fed Chair Jerome Powell delivered...

Home Prices Step Up Pace Again The rate of home price appreciation appears to be accelerating again , at least for those homes purchased using Fannie Mae or Freddie Mac mortgages. The Federal Housing Finance Agency said its Purchase Only House Price Index (HPI), based on those mortgage originations...

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Freddie Mac Hopes for 2nd Half Home Sale Surge While official existing home sales data, released this morning by the National Association of Realtors® (NAR), showed the sector's losing streak extending to three months and pending sales through May have lost ground for five straight months, Freddie Mac...

15 US cities where home prices are skyrocketing Here's where the market is scorching hot.

Goldman: Don't worry about rising interest rates until the 10-year yield hits 4% David Kostin, Goldman's chief U.S. equity strategist, says investors should not worry about rising interest rates until the 10-year Treasury yield zeroes in on 4 percent.

Why Getting Pre-Approved Should Be Your First Step In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualifi

One Day at a Time.

Snapshot: U.S. Economic Confidence Holds Strong Americans' confidence in the economy remains strong heading into the final weeks of the holiday shopping season