|5 Things to Do Before and After Closing
BY BRENDON DESIMONE ON 10 JUN 2019 Your journey doesn't end on closing day. Here are some next steps to consider before you actually move in. You've been house shopping for months or even years. You've endured a series of offers, property disclosures, inspections and reports. Finally, after so much excitement, stress and anxiety, the house hunt has come to an end. But the story isn't over yet. Here are some next steps to consider before you ... [read more]
|Home Pricing in Many Areas is all about the Dirt
Published Date 7/2/2019 You walk into a model home of a builder who sells homes elsewhere in your vicinity, but with a different community name slapped on it, and perhaps some amenities are not precisely the same. But you look at the price sheet and notice that the prices for the same floor plans are $50k more than the other area you looked at. What? Is this a ripoff? Is it because this considered a more desirable place to live? The respective ... [read more]
|Mortgage Rates Continue to Plummet
Mortgage rates dropped quickly again today, easily hitting the lowest levels since late 2017 for the average lender. The move comes in response to a surge in volatility and perhaps even a wave of panic in financial markets. Stocks have fallen somewhat swiftly as trade tensions increasingly look like an ongoing narrative as opposed to a temporary issue. The bigger story, however, is in the bond market (which is directly responsible for most int ... [read more]
|Are Mortgage Rates Really Under 4.00%? Yes and No
Mortgage rates were mixed today, with some lenders holding steady while others offered mid-day improvements in response to strong performance in the bond market. In either case, today's loan quotes are likely to be as good as they've been since the first few weeks in 2018. But are they under 4.00%?
|Pending Home Sales Fall, But Still Holding Most of 2019's Gains
April's pending home sales had been expected to build on the gains posted in two of the three previous months, but they retreated instead.
|New Penn Financial is now officially NewRez
New Penn Financial has rebranded and will be known as NewRez moving forward, the company announced on Monday. Last month, the mortgage lender announced that it planned to change its name to NewRez to align itself with its new parent company, New Residential Investment Corp. Back in July, New Residential completed its $190 million acquisition of Shellpoint Partners, which is the parent company of several subsidiaries, including New Penn, She ... [read more]