This past week, thanks to the Federal Reserve, home loan rates declined. The high uncertainty around the coronavirus and its impact on homeowners and mortgage payments created a dire need for liquidity in... »
Read More of the post Liquidity Defined
The growth of any Homebridge Mortgage Loan Originator is dependent on how effectively they can communicate with leads, borrowers and referral partners. Growth Engine is our promise that as a Homebridge MLO, you... »
Read More of the post Expand and Build Your Influence with the Growth Engine Tech Stack
Each year Homebridge recognizes our incredible associates with an enchanting incentive trip for top producing Mortgage Loan Originators. This year our team spent time together in Cancun, Mexico on an All-Star trip of... »
Read More of the post An All-Star Trip for the Books! – Homebridge 2020 All-Star Recap
This past week, home loan rates ticked up again despite the Fed recently cutting rates by a full point and the 10-year Note remaining just above 1%. Why?
Mortgage backed securities (MBS) are bonds... »
Read More of the post Coronavirus and Extreme Volatility
This past week was a head-scratcher as home loan rates ticked up slightly week over week despite the 10-year Note yield hitting a historic low of 0.31% and stocks enduring heavy losses. Typically,... »
Read More of the post Rate Movements Explained
Home loan rates touched all-time lows this past week, fueling refinance activity and creating a sense of urgency for homebuyers to lock in purchase loans.
The question many people are asking is, "how low... »
Read More of the post How Low Can We Go?
2019 was a year of unparalleled growth and record-breaking volume which in turn, produced the largest number of All-Star qualifiers ever at Homebridge Financial Services.
Our tremendous success in 2019 was made possible by... »
Read More of the post Now Boarding Our 2019 Homebridge All Stars!
The continued strength of the labor market, along with historically low mortgage rates, will keep positive housing momentum alive in 2020.
The Unemployment Rate is currently at a 50-year low of 3.6% with expectations... »
Read More of the post A Great 2020 Housing Story
Home loan rates continue to hover near three-year lows. There are some on Wall Street who say rates are going to push even lower at some point — and they may be right.... »
Read More of the post What the Market Is Saying
When you first bought your house, everything felt new and there was a sense of excitement about your home. As time goes on, however, you may discover that your current home no longer... »
Read More of the post Using a Renovation Loan to Bring New Life to an Old Home
This past week was a bit rough for the bond market as home loan rates steadily ticked higher and off the best levels in three years.
The coronavirus has been a tailwind to the... »
Read More of the post Recovering From Coronavirus
The coronavirus outbreak in China continued to grip the financial markets this week. The total affected and number of deaths rose sharply throughout the week suggesting the virus is not yet contained.
Stocks hate... »
Read More of the post Rates Decline Again
Bonds love uncertainty and bad news. As a result, rates improve when not-so-good news emerges.
That was the story this past week, as China has reported a new deadly coronavirus has started to spread... »
Read More of the post Uncertainty Helps Rates
This past week was filled with so much good news — the biggest of which was the signing of Phase One of the U.S. and China trade pact.
This trade deal is a very... »
Read More of the post Back to Fundamentals
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... »
Read More of the post The Good News Continues
The new year and new decade started, and good news: some things don't change. Stocks picked up right where they left off in 2019 by touching all-time highs. And bonds, which also performed... »
Read More of the post Nice Start to 2020
2019 was an incredible year for stocks, which finished the final trading week of the year at all-time highs. Generally speaking, when stocks go higher, so do rates. And that was the case... »
Read More of the post Global Improvement
“Let the Good times roll...” (The Cars) As we enter the final weeks of 2019, the housing and home lending sectors have enjoyed a good year thanks to a "Goldilocks" scenario of a... »
Read More of the post Goldilocks 2.0
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.... »
Read More of the post Homebridge Recognized as #1 Renovation Lender By Housing and Urban Development (HUD) for 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%... »
Read More of the post Changes That Could Affect Rates
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)... »
Read More of the post How a Renovation Loan Can Turn Your House Into a Holiday Home
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.... »
Read More of the post A Great Housing Backdrop
“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,... »
Read More of the post A Goldilocks Economy
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... »
Read More of the post How Fast Rates Can Change
This past week the Federal Reserve cut the Fed Funds Rate for the third time this year, by .25%. Along with the rate cut, the Fed released a statement that suggested a "pause"... »
Read More of the post Fed Takes Action
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... »
Read More of the post The Remedy for Higher Rates
This past week home loan rates ticked up, yet remain just above 3-year lows.
Here are 3 reasons why:
Solid corporate earnings and future positive guidance from many public companies were a pleasant surprise... »
Read More of the post Optimism Hurts Rates
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... »
Read More of the post Fed Rate Cut Coming — But Don’t Wait
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... »
Read More of the post Mortgage Mythbusting: Renovation Edition
Recession fears were back in full swing this past week, thanks to the weakest manufacturing report since June 2009, which was the last month of the Great Recession.
Manufacturing makes up 12% of our... »
Read More of the post Slowing but Growing
This past week was a classic example of how good news means bad news for bonds and home loan rates.
A little trade deal with Japan, solid housing numbers, and hopeful news on the... »
Read More of the post Bullard Wants More
This past week the Federal Reserve cut the Fed Funds Rate for the second time this year, lowering the rate to 2.00%. Remember that the Fed Funds Rate is a short-term, overnight rate... »
Read More of the post Three Things the Fed Said
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... »
Read More of the post Stocks and Mortgage Rates Rise
Bonds and home loan rates hate good news. So, the influx of positive news abroad coupled with strong jobs data here in the U.S. pressured mortgage bonds lower and home loan rates higher.
The... »
Read More of the post Too Much of a Good Thing
