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Zillow Now Originating Loans

Zillow Now Originating Loans

Ask someone what Zillow is and they will inevitably tell you it is an online resource for consumers looking to buy or sell a home.  However, seemingly in response a drop it its stock value, Zillow Group is moving from being a marketing/advertising resource to originating loans.  Zillow has acquired Mortgage Lenders of America.

Shares of Zillow Group Inc. tumbled Tuesday toward their biggest one-day selloff in nearly six years, as the real estate information marketplace’s disappointing earnings report and outlook prompted a host of Wall Street analysts to slash their price targets, according to online source, Market Extra.

Why Now's the Time to Invest in Real Estate

Why Now's the Time to Invest in Real Estate

If you're looking to find a reliable source of ongoing income, you may be wondering whether real estate is a good investment. The market, as currently constituted, practically speaks for itself. Just like food, sleep and water, people will always need shelter, and with demand at extraordinary highs, more and more Americans are longing for the perfect place to call their own.

Mortgage Interest Rates Migrate Upward While Weekly Mortgage Applications Fall

Mortgage Interest Rates Migrate Upward While Weekly Mortgage Applications Fall

The highest interest rates in about a month and high home prices took their toll on the mortgage business last week.

Total mortgage application volume slipped as interest rates rose, according to the Mortgage Bankers Association.  Home sales have been steadily weakening for months, mainly due to record high prices in some areas.  Coupled with the lack of inventory, this means homeowners potentially pay more for something they feel forced to accept as the only choice the market has to offer.

The Trend Has Been No Friend in 2018

The Trend Has Been No Friend in 2018

The sales trend has hardly been our friend this year.

The trend in existing-home sales is down. Sales decreased for a third consecutive month in June. Sales posted at 5.38 million on an annualized rate. Existing-home sales are down 2.2% year over year.


Same Old, Same Old for Now

Same Old, Same Old for Now

Meet the mortgage rates for this week, which are like the mortgage rates from the previous week.  Mortgage rates from the previous week were like mortgage rates the week before that.

Mortgage rates have held within a tight range through July. A quote on offer today differs little from a quote on offer three weeks ago. Upfront costs would be the differentiating factor.

A Tale of Two Opinions

A Tale of Two Opinions

Will interest rates rise or fall? The answer is “it depends.” It depends on whom you ask. Opinions are divided.

The speculators are of one opinion. Grant’s Interest Rate Observer reports that net-short positions in 10-year U.S. Treasury note futures reached a record of more than 500,000 contracts in the first week of July. These traders are betting, with conviction, that the price of the 10-year note will fall and its yield will rise.

Why Self-Employment Doesn't Lock You Out of a Mortgage

Why Self-Employment Doesn't Lock You Out of a Mortgage

Applying for a mortgage can be time-consuming and stressful, but this isn't the case for borrowers who choose the best lender to work with. The situation is similar for prospective borrowers who earn a living from self-employment or as a business owner. For these individuals, getting a mortgage, let alone a good one, used to be a trying process. But when working with a lender like us, with innovative solutions for a wide variety of mortgage borrowers, this old belief doesn't really apply.

Mortgage Rates Fall; Recession Fears Rise

Mortgage Rates Fall; Recession Fears Rise

The trade imbroglio between the political powers that be in Washington and the political powers that be in the rest of the world continues to weigh on market sentiment. Market participants remain cautious. Heightened uncertainty has kept many of them bottled up in haven investments.

Buying a Home with a Better Jumbo Loan

Buying a Home with a better Jumbo Loan

Jumbo loans are mortgages that exceed the standards set by housing finance corporations like Fannie Mae and Freddie Mac. These and other standards make it easier for millions of Americans and the lenders they work with to obtain financing to purchase a home. However, there are drawbacks to the system. There needs to be a better jumbo loan fit for the modern homebuyer, especially the first-time buyer.


Rates Remain Subdued on the Usual Fears

Rates Remain Subdued on the Usual Fears

Wars always escalate. Trade wars included. One side advances with force. The other side retaliates in kind, and then some.

Escalating trade-war retaliations have extracted a toll on investor confidence. Many investors continue to seek shelter in haven investments. U.S. Treasury securities are the haven of choice for many. Yields across the continuum have drifted lower through June. Yields on the long-end of the continuum have drifted lower than most.