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Five Smart Homebuyer Strategies

Five Smart Homebuyer StrategiesThe National Association of REALTORS(R) has announced that there’s a housing supply shortage. Homes are selling quickly and home prices are starting to inch up again. It’s becoming a seller’s market in many areas. Any time the market changes, it’s time to change strategies. During a buyer’s market, buyers have the upper hand and can make more demands to sellers over their homes’ price and condition. During a sellers’ market, buyers concede the upper hand to sellers and are more willing to accept higher prices and terms. W...

June 22nd, 2017 Five Smart Homebuyer Strategies

Our Weekly Mortgage Market Commentary

This week brings us the release of only three pieces of monthly economic data that may affect mortgage rates and none of them are considered to be highly important. This should be a much calmer week for mortgage rates than last week was, particularly the first couple days since there is nothing of importance scheduled for Monday or Tuesday. The first of this week’s economic reports comes late Wednesday morning when the National Association of Realtors posts May’s Existing Home Sales. This report tracks resales of existing homes, giving us a measurement of housing sector strength. I...

June 19th, 2017 Our Weekly Mortgage Market Commentary

Three Big Things Homebuyers Are On The Look-Out For

As a seller, you have a lot more control in pleasing buyers than you think. If you start the selling process by learning what buyers really want, you can prepare your home to come as close to their dreams as possible. Here are the five biggest turn-ons for homebuyers and what you can do to please buyers. Curb Appeal You only get one chance to make a first impression. Your home should sell to the buyer from the curb. That’s how important curb appeal is. Your buyer should be so impressed, so charmed, so delighted that they want to leap out of the car and run inside. How do you create curb ...

June 15th, 2017 Three Big Things Homebuyers Are On The Look-Out For

Statistics Don't Sell Homes - You Do

Last week, the Federal Reserve raised its funds rate by a quarter of a point - and mortgage rates shrugged off the news and decided to head lower rather than going higher. As you've read in these pages before, this shouldn't be a surprise. The movement of mortgage rates is based on much more than what the Fed does or doesn't do, not to mention that the markets anticipate these kinds of moves and "bake them in" before they happen (and this hike was previously telegraphed). What happens to mortgages in the long term remains to be seen because of those other factors and the Fed's policymakers pro...

June 15th, 2017 Statistics Don't Sell Homes - You Do

Keeping Sellers Happy

Today's sellers can be anxious about what the market will hold. Once a homeowner has made the decision to sell, though, they are ready for you to lead them through to the end. Today's sellers expect to be involved in the selling process. They stay up-to-the-minute in every other aspect of their life and accept nothing less from you. They get Facebook updates on the latest activities of their friends. Family members instant message and email them with news and questions. CNN and other media outlets post the latest real time news from around the globe. They can even get the latest news and even...

June 15th, 2017 Keeping Sellers Happy

Our Weekly Mortgage Market Commentary

This extremely busy week brings us the release of six pieces of economic data that are relevant to mortgage rates along with a couple of Treasury auctions. However, the theme of the week will be Fed-related with an FOMC meeting, economic forecasts and a press conference with Fed Chair Janet Yellen mid-week. With this much important data and these Fed events coming in the same week, there is little doubt that we will have an active week for the financial and mortgage markets. The two relevant Treasury auctions will take place Monday and Tuesday. 10-year Treasury Notes will be sold Monday while ...

June 12th, 2017 Our Weekly Mortgage Market Commentary

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Timonium, Maryland 21093

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