#interestrates #interestratesarelow #interestratesaredown
Wednesday, December 16, 2020
Interest Rates Are Projected to Stay Low
Sunday, November 15, 2020
Million-dollar home sales soar in metro Phoenix despite pandemic
In the midst of a pandemic, wealthy buyers are snapping up metro Phoenix's million-dollar homes at a record pace.
Monday, October 12, 2020
COVID-19 Has Changed The Housing Market Forever. Here’s Where Americans Are Moving (And Why)
Amid all the uncertainty brought on by COVID-19 over the past six months, one thing is assured: the pandemic has re-ordered real estate markets across the board on an unprecedented scale.
Sunday, September 6, 2020
Phoenix Real Estate Market 2020: Housing Prices & Forecast
Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. We've been seeing real estate appreciation rates increasing year-over-year in the entire metro area. The Greater Phoenix area was also predicted to be among the top housing markets in the year 2020. It is now clear that the pandemic could not change that prediction. It could only pause sales, which in turn created a huge pent up demand.
Monday, May 25, 2020
Historical Data Shows Housing Market Will Boom After The 2020 Crisis, And So Will Bitcoin
Historical data from the late 1990s show a financial crisis is often followed with a steep increase in housing prices. If real estate grows in a similar manner as the 2000s, safe haven assets like gold and potentially Bitcoin may follow.
Saturday, May 23, 2020
FHFA Announces Refinance and Home Purchase Eligibility for Borrowers in Forbearance
Washington, D.C. – Today, to support borrowers and mortgage servicers, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to refinance or buy a new home.
Tuesday, May 19, 2020
FHFA Issues Guidance on Refinances, Purchases While in Forbearance
The Federal Housing Financing Agency (FHFA) announced Tuesday that Fannie Mae and Freddie Mac have issued temporary guidance regarding the eligibility of borrowers in forbearance, or recently ended their forbearance, looking to refinance and purchase a home.
Sunday, May 17, 2020
Housing markets in most big cities struggle because of coronavirus shutdowns, but these markets buck the trend
Coronavirus has run roughshod over most of the nation's big-city real estate markets for more than six weeks now, paralyzing agents, halting showings and causing double-digit drops in listings and new inventory as frightened sellers withdraw their properties from consideration.
Sunday, May 10, 2020
Metro Phoenix rents climb 3 times as fast as US average. Will eviction aid be enough?
Metro Phoenix rents climbed nearly three times as fast as the average U.S. increase during the past 12 months, despite a slight reprieve for tenants last month.
Wednesday, April 29, 2020
Statement Regarding Publication of SOFR Averages and a SOFR Index - FEDERAL RESERVE BANK of NEW YORK
Beginning on March 2, 2020, the Federal Reserve Bank of New York (New York Fed), as administrator of the Secured Overnight Financing Rate (SOFR) and in cooperation with the Treasury Department's Office of Financial Research (OFR), will publish 30-, 90-, and 180-day SOFR Averages as well as a SOFR Index, in order to support a successful transition away from U.S. dollar (USD) LIBOR.
Sunday, April 26, 2020
Metro Phoenix home prices hit record in March but sales are slowing
Metro Phoenix median home price hit a record in March, but most of the sales that drove the price up to $302,500 were negotiated before COVID-19 hit.
Sunday, April 19, 2020
A Surprise Benefit For Student Loan Borrowers From The CARES Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed Congress last week to address many of the issues created by the coronavirus. President Trump quickly signed the bill into law on Friday night. Included in the $2 trillion package is six months of relief for most student borrowers. Their loan payments are suspended—interest-free—through September 30, 2020. And for borrowers seeking forgiveness under the Public Service Loan Forgiveness (PSLF) program or income-drive repayment (IDR), those non-payments would count as though they had been made before the crisis.
Best Regards,
Lillian Wong
Sr. Mortgage Advisor
NMLS 630337
NEXA Mortgage
2450 S Gilbert Rd #210
Chandler AZ 85286
480.650.5412
www.lillianwong.net
lwong@nexamortgage.com
Sunday, March 15, 2020
DOJ opens antitrust probe into credit score giant Fair Isaac
The Justice Department has opened an antitrust investigation into Fair Isaac Corp., the financial company whose credit scores underlie nearly all U.S. consumer credit decisions, according to information obtained by POLITICO.
Wednesday, February 12, 2020
Credit Karma vs. Credit Sesame: Is One Better Than the Other?
Credit monitoring services like Credit Sesame and Credit Karma enjoy widespread popularity these days in the wake of numerous data breaches, but which one is better?
Sunday, February 9, 2020
Scottsdale's Taylor Morrison to be 5th biggest U.S. builder; shareholders approve $2.4B deal
Scottsdale-based Taylor Morrison is about to become the fifth biggest homebuilder in the U.S.
Squeezed Out: Arizona needs at least 100,000 more affordable homes now
Arizona needs at least 100,000 apartments or houses that people living and working in the state can afford.
Thursday, February 6, 2020
Mortgage rates fall to lowest level since 2016 — this could be the ‘last affordable’ spring home-buying season for a while, Realtor group warns
Mortgage rates have dropped to the lowest levels since before the 2016 presidential election.
How Understanding Long-Term Care Can Expand Reverse Mortgage Business
Encouraging financial preparedness in later life is a core discussion point for people who work in the reverse mortgage profession, and industry literature is rife with examples concerning ways in which the wealth and savings of older Americans can often be unprepared to withstand and extend through a senior's retirement. One of the realities that older people often must contend with, regardless of the status of their retirements, is long-term care (LTC).
All Five Federal Mortgage Programs Should Treat Student Loan Debt the Same Way
Many of the 44.7 million Americans with student loan debt are also in their prime homebuying years. And more than 8 million of them use income-driven repayment (IDR) plans for their student loans, which require special calculations for determining mortgage lending.
Friday, January 31, 2020
FICO Launches New Credit Scoring Model: Your Score Might Change, But Your Mortgage Prospects? Probably Not
A whopping 110 million Americans will likely see their credit scores change this summer, thanks to a newly announced credit scoring model from Fair Isaac Corp.—the company behind FICO scores.
Sunday, January 26, 2020
Ready to Retire? Not Until You've Done 3 Things
To protect yourself from surprises, here are three steps to take, starting at 10 years before retirement, five years before and finally one year before.
Sunday, January 5, 2020
Millennials Will Propel the U.S. Housing Market in 2020
Millennials are anticipated to drive the U.S. housing market forward in 2020 more than ever, with large cohorts expected to either purchase their first home or decamp from city to suburb and trade up, according to an economic forecast published by realtor.com on Wednesday.
Thursday, January 2, 2020
Harnessing sun power: Florida and California taking different paths to solar
On opposite coasts, Florida and California are both famous for sunshine. But their approaches to harnessing sunshine for power are as disparate as their coastlines.
Best Regards,
Lillian Wong
Sr. Mortgage Advisor
NMLS 630337
NEXA Mortgage
2450 S Gilbert Rd #210
Chandler AZ 85286
480.650.5412
www.lillianwong.net
lwong@nexamortgage.com
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