• December 28, 2022
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Homeowners Still Have Positive Equity Gains over the Past 12 Months If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your

• December 26, 2022
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• realestate

Energy costs typically go up in the winter because people are using more electricity. Aside from a basic maintenance check on your heating system, here are some easy ways to cut down on this expense. Keep the Heat In Weatherstrip your doors and windows, and eliminate drafts by caulking cracks and gaps. This will save

• December 23, 2022
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Inflation Nation: We have a mixed bag of inflationary data today. Headline PCE YOY was hotter than expected, 5.5% vs. est. of 5.3%, plus October was revised higher to 6.1%. MOM, PCE was much less than expected, up only 0.1% vs. est. of 0.3% however some of that miss is due to an upper revision

• December 23, 2022
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• realestate

  2022 has been an exciting year. And before we welcome an exciting and promising 2023, we have to first address our holiday debt. In this episode, Michael Harris discusses how some numbers in the reverse mortgage market are getting a little tighter and the Fed’s role in these changes. He also talks about the

• December 22, 2022
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• realestate

Jobs, Jobs, Jobs: Initial Weekly Jobless Claims were lower (better) than expected, 216K vs. est. of 222K. The more closely watched 4 week moving average moved down to 222K. Continuing Claims were 1.672M vs. est. of 1.683M. Rainbows and Unicorns: We got the 3rd release of the 3rd QTR GDP and it continues to be

• December 21, 2022
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• realestate

Taking it to the House: Weekly Mortgage Applications eked out a small gain of 0.9%. Purchase Applications were down -0.1% and Refinance Applications were up a strong 6.0%. November Existing Home Sales were lighter than expected with 4.09M units at an annualized pace vs. est. of 4.20M and a steep drop from October’s pace of

• December 20, 2022
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• realestate

Domestic Flavor: Taking it to the House: November Housing Starts were higher than expected, 1.427M vs. est. of 1.415M on an annualized basis. Single-Family starts were down -4.1% from 863K to 828K SAAR, which is the lowest since May 2020. Multi-Family starts rose 4.8% from 557K to 584K, highest since April 2022. Building Permits fell

• December 19, 2022
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• realestate

Three Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) Inflation Nation, 2) The Consumer and 3) Central Bank Palooza. 1) Inflation Nation: We get the Fed’s key measure of inflation, Personal Consumption Expenditures (PCE) on Friday. Both headline PCE and Core (ex food and

• December 19, 2022
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  In a world of rising rates, Financial Sanity Now shows you the path to debt freedom, credit empowerment, and strategic mortgage moves. In this episode, we have our host Michael Harris and a featured guest, Allen Lissauer from Financial Sanity Now. Together, they spill the beans on proven techniques to eliminate debt, improve credit

• December 19, 2022
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Owning a home is part of the American Dream, and as a mortgage lender, United Mortgage Corporation of America, we are motivated to do everything possible to make sure Americans of all ethnic, educational and professional backgrounds can qualify for a mortgage. Some borrowers may use an Individual Tax Identification Number (ITIN) instead of a