The Good News ContinuesJan 10 2020
This past week, we watched home loan rates tick modestly higher and retreat from three-year lows.
Why? There are three main reasons:
U.S and Iran. On Wednesday, the de-escalation of tensions between the U.S. and... »
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Homebridge Recognized as #1 Renovation Lender By Housing and Urban Development (HUD) for 2019Dec 9 2019
Getting a renovation loan can be crucial to the many families and individuals who want to turn their house into a home. These are the customers that Homebridge has been servicing for decades.... »
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Changes That Could Affect RatesDec 6 2019
There are rumors that our Fed is considering an idea to abandon its present 2% target rate for inflation in favor of a floating target where inflation would be allowed to rise above 2%... »
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Whether you’re hosting a few out-of-towners for the weekend or housing the entire extended family, the holidays can force you to realize how much more space your home really needs. Using a 203(k)... »
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A Great Housing BackdropNov 22 2019
That famous line describes the current wonderful backdrop for housing and the overall U.S. economy. Many are wondering what lies ahead for housing as we enter 2020.
There are many reasons why the U.S.... »
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A Goldilocks EconomyNov 15 2019
“Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.”
– Fed Chairman Jerome Powell, November 13,... »
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How Fast Rates Can ChangeNov 8 2019
Right now, the biggest news story to follow is the U.S. and China trade negotiations.
This past week, home loans started inching higher but were "saved" momentarily midweek when reports came out suggesting a... »
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The Remedy for Higher RatesOct 25 2019
This past week home loan rates were essentially unchanged from the previous week, breaking a trend of higher rates since the beginning of October.
Bonds hate good news and there is still plenty to... »
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Fed Rate Cut Coming — But Don’t WaitOct 11 2019
U.S. bond yields and home loan rates ticked modestly higher this week as the world watches the U.S. and China have their first serious talk since July. There is a growing sentiment that... »
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Mortgage Mythbusting: Renovation EditionOct 11 2019
A common mortgage myth related to renovation is that you have to own your home for a million years before you can renovate. When in fact, you can take advantage of a renovation... »
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Stocks and Mortgage Rates RiseSep 13 2019
This past week home loan rates ticked up sharply from the previous week leaving many wondering – have rates bottomed?
For would-be homebuyers, real estate agents, and folks working in the housing industry, here... »
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DIY – Home Renovation with HomebridgeAug 6 2019
We’ve all been there: you’re enjoying one of your favorite home renovation shows wondering how you can have the updated features of your dreams at a price you can afford. As the nation’s... »
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Indecision Ahead of Huge News WeekJul 26 2019
The U.S. Bond market traded in a tight sideways range, leaving home loan rates essentially at unchanged levels week over week. However, the technical picture reveals Bond market indecision as prices trade near... »
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Summer Sideways Trend ContinuesJul 19 2019
This past week had little economic data for the financial markets to react to. As a result, home loan rates have inched higher though they remain near multi-year lows.
It is normal to see... »
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Fed Cuts and Home Loan RatesJun 7 2019
"Let the good times roll" (The Cars) — For the sixth consecutive week home loan rates declined, once again fueled by the ongoing trade tensions between the US and China.
However, the decline in rates... »
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Homebridge Financial Services, Inc. Acquires Majority of HomeStreet Bank’s Stand-Alone Home Loan CentersJun 5 2019
In a move guaranteed to increase Homebridge Financial Services, Inc.’s robust mortgage lending services, Homebridge has acquired the assets of a majority of HomeStreet Bank’s stand-alone home loan centers. HomeStreet Bank is a... »
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Interest Rate DisconnectMay 31 2019
"Sell in May and go away" — an old Wall Street investment strategy which suggests not owning stocks during the Summer months.
That investment strategy certainly worked this past May as stocks declined each... »
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Trade With China Causes UncertaintyMay 17 2019
The biggest story in the financial markets and around the globe is the ongoing US/China trade negotiations.
At the moment, there is no resolution and it appears there will be no resolution for at least several... »
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Eighteen of our Homebridge Mortgage Loan Originators were honored by Scotsman Guide as the top-producing mortgage associates in the country. The Scotsman Guide’s yearly ranking assesses more than 4,500 mortgage professionals around the... »
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Is Low Inflation Finally “Transitory”?May 3 2019
"Transitory" — defined as non-permanent or lasting a very short time — is the word Fed Chairman Jerome Powell used this week at the Fed Meeting to describe the current low inflation environment,... »
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The US Economy Remains “Durable”Apr 26 2019
Good news is typically bad news for bonds and home loan rates. That has not been the trend of late, and certainly not this past week.
Durable Goods Orders is a report which shows... »
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Our associates have spoken, and Homebridge Financial Services, Inc. has been named one of the leading places to work in the residential mortgage industry according to an employee survey produced by Mortgage Professional America.... »
Read More of the post Homebridge Puts Feather in Its Cap With “Best Places to Work” Accolade