Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

Zillow

Changing of the Guard: Are You Prepared for Millennials to Become the Future of Mortgage Lending?

512101109.jpg

Lenders are still trying to figure out how to recapture the glory days of the mid-2000s. According to the Mortgage Bankers Association (MBA), the number of first-time homebuyers has substantially decreased over the past decade. With the percentage of first-time homebuyers at 10 percent below average, experts are forecasting a desolate outlook for lenders that is likely to have long-team effects on the industry.Click to continue

So You Want to Live … Where?

462095167.jpg

Choosing a place to purchase a home is always a challenging decision, and a trio of new lists on the best markets for buyers and sellers can either expand horizons or lead to data overload, depending on your capacity for absorbing research.Click to continue

Zillow Reports Mortgage Rates Hold Steady Amid Fed Announcements

Home Red Key

The 30-year fixed-rate mortgage (FRM) as reported by Zillow Mortgages is currently at 4.13 percent, down six basis points from this time last week.Click to continue

Confident Millenials Shine Optimism Into U.S. Housing Market

Home Money/Credit: Comstock

Overall, Americans are more confident in the housing market than at the start of the year, buoyed by optimism among millennials, but with tempered expectations in general for future market performance, according to the latest Zillow Housing Confidence Index (ZHCI). The headline U.S.Click to continue

Home Values Expected to Rise by 3.1 Percent Through August 2015

Home For Sale Pic

U.S. home values rose more slowly in August than they have in a year, and the cooling market offered a clear view of local markets that favor either buyers or sellers. The nation's hottest markets, on the West Coast, continued to favor sellers with quick sales and high asking prices. But some still-recovering markets remained a bargain for buyers as more homes went up for sale.Click to continue

Housing Takes a Wild Seesaw Ride

146877797.jpg

Three different data reports released this morning appeared to give the cumulative effect of a housing market that is aggressively seesawing to extremes: Rates hitting a new low, existing-home sales hitting a new high and rising fears that housing affordability might become an ephemeral commodity.Click to continue

Number Crunched: Is Industry Data Adding Up?

463510713.jpg

The acclaimed writer and futurist Alvin Toffler once remarked, “You can use all the quantitative data you can get, but you still have to distrust it and use your own intelligence and judgment.”

Of course, Toffler was not talking about surplus amount of data relating to the housing industry and the mortgage market. However, the excess quantity of data servings sometimes creates a contradictory picture, creating both confusion and bemusement across the industry.Click to continue

Housing Market Showing Signs of Stability Amid Still Uneasy Economy

House_Shopping_Cart_06_19_14

A pair of new reports issued today—Freddie Mac’s Primary Mortgage Market Survey (PMMS) and Zillow’s first quarter overview on all-cash purchases—offered a view that might suggest housing is showing evidence of stabilizing, even if the economy is still wobbling about. According to Freddie Mac, the 30-year fixed-rate mortgage (FRM) averaged 4.17 percent with an average 0.6 point for the week ending June 19, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.Click to continue

Taking the Lead: Marketing Liberation

Marketing_Leads_05_09_14

Are you tired of relying on real estate agent referrals for your livelihood? It doesn't have to be that way. It shouldn't be that way … there are other ways. In fact, my entire business was built without ever soliciting an agent. You can do the same.

Donuts and coffee
We are told that the key to mortgage success is simple; get the most agents. Grab the donuts, the coffee and pound the pavement kid.Click to continue