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Mortgage industry analysts have been watching and waiting to see what the Federal Reserve will do—or say—next about rate cuts. They’re hedging their bets that the Fed will cut rates this year and, as an indirect result, mortgage rates will fall, too, and help revive the housing market.

Watch for coverage of today’s Fed meeting in RISMedia’s Daily News tomorrow.

Economic data plays a key role in the Fed’s timing, though. A key performance metric Fed officials and economists watch is the personal consumption expenditures (PCE) price index, which measures core inflation.

PCE inflation (excluding food and energy costs) rose 0.2% in December from November’s 0.1%, and increased 2.9% from a year ago, according to data released Friday from the U.S. Commerce Department. 

The annual rate of core inflation in December fell from 3.2%. That’s the lowest annual rate in nearly three years. Additionally, gross domestic product (GDP) grew at a pace of 3.3% in the fourth quarter, surpassing market expectations.

These strong economic readings pushed the 10-year Treasury yield, which mortgage rates tend to track, up to 4.14% on Friday before flattening later in the day.

Fed officials have hinted in recent speeches that cooling inflation supports the case for rate cuts—but at a more measured pace than before.

As for how those cuts will drive mortgage rates, expect “slow and steady declines,” likely in the latter half of the year, said Odeta Kushi, deputy chief economist with First American Financial.

“The Fed wants to see the long and variable lags of monetary policy so they can make their way through the economy before deciding on any rate cuts,” Kushi told RISMedia, noting that anything can happen between now and the end of the year to change the Fed’s stance. “I think that the Fed has emphasized that the path to rate cuts is highly uncertain, and they’re going to take a sort of data-driven, cautious approach.”

Fed officials’ comments temper rate-cut expectations

Several Fed officials have signaled a more cautious approach to rate cuts, dimming investors’ hopes of quick action.

During a virtual speech to the Brookings Institution on Jan. 16, Federal Reserve Governor Christopher Waller said he believes the Fed’s restrictive monetary policy is “set properly” to bring down core inflation closer to the Fed’s target of 2%. However, Waller isn’t in a rush to cut rates until inflation not only reaches the Fed target rate, but stays there for a prolonged period.

“When the time is right to begin lowering rates, I believe it can and should be lowered methodically and carefully,” Waller said in his speech. “In many previous cycles, which began after shocks to the economy either threatened or caused a recession, the FOMC cut rates reactively and did so quickly and often by large amounts.

“This cycle, however, with economic activity and labor markets in good shape and inflation coming down gradually to 2 percent, I see no reason to move as quickly or cut as rapidly as in the past.”

It didn’t take long for the markets to react to Waller’s comments. The 10-year Treasury yield jumped sharply after his speech by about 30 basis points since late December and is currently hovering near 4.1% after reaching a recent low at about 3.8%.

In separate remarks earlier this month, Fed Governor Michelle Bowman, who tends to be more hawkish, said a sustained march toward the 2% inflation goal will make it more likely to lower rates to prevent the Fed’s monetary policy from being too restrictive.

“In my view, we are not yet at that point. And important upside inflation risks remain,” Bowman said in her remarks, adding that she was still willing to raise the Fed funds rate in the future if inflation stalls or ticks up again. “Restoring price stability is essential for achieving maximum employment and stable prices over the longer run.”

Mortgage industry looks to rate cuts to help spur loan activity

2023 was a painful year for housing. As mortgage rates soared near the 8% mark, existing-home sales cratered to their lowest level last year (4.09 million) since 1995 even as median home prices reached a record high of $389,800, according to data from the National Association of Realtors.

Hobbled by anemic loan originations and next-to-no refinance activity, mortgage lenders aggressively cut staff last year (especially back-office positions like underwriters and loan processors). Others merged with bigger players with strong cash positions. And some lenders threw in the towel altogether, closing up shop.

“Our data shows that your typical independent mortgage banker trimmed their employee count by more than 40% from the peak in 2021 to the most recent data points,” Mike Fratantoni, chief economist with the Mortgage Bankers Association, said in an interview with RISMedia.

Fratantoni said mortgage volume will be somewhat higher in 2024 in tandem with higher sales of new and existing homes. However, potential homebuyers—especially those with the headwind of having record-low mortgage rates—may be hesitant to make a move until rates hit a certain sweet spot.

“As we get to the low (6% range) at the end of this year and below 6% next year…that’s going to be enough to get people’s attention,” Fratantoni said.

Melissa Cohn, regional vice president of William Raveis Mortgage, points to a Fed rate cut as being a positive signal to potential homebuyers of an improving market. However, Cohn added that a notable drop in mortgage rates will likely push home prices higher due to higher demand, so buyers shouldn’t stay on the sidelines too long.

Source: rismedia.com

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Picture this: you’re immersed in a world of pixels and virtual adventures, surrounded by the perfect blend of comfort and cutting-edge tech.

Creating the ultimate gaming space at home isn’t just about slapping a console on a coffee table; it’s about curating an experience, one that matches your passion and helps you level up your game, pun intended.

With the right setup and ambiance, you can transform any ordinary space into a gamer’s paradise. Whether you’re a casual gamer or a hardcore enthusiast, having your own gaming room — or even just a corner of the house dedicated to your hobby — can make your gaming sessions infinitely more fun.

If you’re looking to take your gaming experience to the next level, here are some easy home decorating tips for you to transform a corner of your home into the perfect gaming haven.

Choosing the right room for your gaming setup

When it comes to choosing the right spot for your gaming setup, there are a few factors to consider. First, assess the available space in your home. Write down all possible locations you have to work with, then evaluate them based on some crucial criteria.

Ideally, you want a room that is spacious enough to accommodate all your gaming equipment and accessories. It should also have good ventilation and lighting to create a comfortable gaming environment.

Next, consider the location of the room within your home.

If possible, choose a room or space that is away from high-traffic areas to minimize distractions. You don’t want people walking in and out of the room while you’re in the middle of an intense gaming session.

Additionally, consider the proximity to power outlets and internet connections to ensure easy setup and connectivity.

Lastly, think about the noise level in the room. Gaming can sometimes get loud (and even foul-mouthed), especially during intense moments or multiplayer sessions. If you live with others, you may want to choose a room that is away from bedrooms or common areas to avoid disturbing others.

And if you think your options are severely limited, take inspiration from other gamers who have found a way to fit their gaming setup into small spaces. Some have even turned their closets into dedicated gaming nooks.

Setting up your gaming PC or console

To create an epic gaming room, you’ll need the right equipment and accessories, of course. But those vary wildly from one person to the next.

Photo by Chuck Fortner on Unsplash

Let’s start with the basics -– a high-quality gaming PC or console. Depending on your budget and preference, choose a system that can handle the latest games and provide smooth gameplay.

Next, consider your display setup. A large, high-resolution monitor or TV is essential for an immersive gaming experience.

Look for a display with a high refresh rate and low input lag for smooth and responsive gameplay. Consider mounting your display on a wall or using an adjustable monitor arm for optimal positioning.

Have some older computer screens collecting dust in the basement? Bring them up and use them to line your walls — they could be an excellent display for your Esports games that you can run in the background and cheer for your favorite team while playing your own game on a separate screen.

In addition to the essentials, there are a few accessories that can enhance your gaming experience. A gaming headset with surround sound capabilities allows you to fully immerse yourself in the game’s audio.

Gaming keyboards and mice with customizable RGB lighting not only add a touch of style to your setup but also provide additional functionality and customization options.

Comfort is key: You’ll need the right gaming chair

Can’t forget about the throne — the gaming chair.

Time to say goodbye to the stiff office chair; a proper gaming chair is an investment in your gaming endurance. Look for ergonomic designs that support your posture during extended sessions. Some even come with built-in speakers for that surround-sound feel.

The gamer in my household is a Secretlab fanatic, but there are countless gaming chair brands to choose from. From Corsair to Kaiser, NeueChair, or ThunderX3, and significantly more affordable dupes that you can get in big stores, there’s no shortage of options.

And while comfort is key when picking your gaming chair, you have to keep in mind that the chair’s design — and overall color scheme — will set the tone for your gaming space decor, so make sure to factor that in when making your purchase.

You might think the color scheme is just a small detail, but to achieve that cohesive look, paying attention to the colors used throughout is crucial. Especially since gaming chairs tend to have bright, colorful designs that may not work well with other decor elements — if you pick them before finding the right chair.

Mood lighting: Set the ambiance

The next step would be to transform your space from a boring corner into a playful battle scene with smart lighting.

Photo credit: Photo by Joshua Kettle on Unsplash

You’ll want to have the option to dim the lights for a horror game, bathe the room in ethereal blue for a sci-fi adventure, or go full RGB disco mode — just because you can.

Smart lighting not only sets the mood but also minimizes eye strain during those marathon gaming sessions.

To take things one step further, consider installing some ambient LED strips or smart lighting systems to add a touch of ambiance to your gaming room. And it’d be silly not to.

LED light strips are the most affordable way to add a wow factor to your gaming room setup. You can always find them on sale, and even paying full price is a minor expense — with a big payoff.

With customizable colors and effects, you can create a lighting setup that matches the mood of your game and enhances the overall gaming experience.

Personalizing your gaming space with decor and themes

Make your gaming room truly yours by personalizing it with decor and themes that reflect your gaming style and preferences.

Consider creating a feature wall with gaming-themed wallpaper or artwork. Display your favorite gaming posters, figurines, or collector’s editions on shelves or wall-mounted display cases.

Incorporate your favorite gaming franchises or genres into the overall theme of your room. Whether it’s a futuristic sci-fi theme or a retro arcade-inspired design, let your creativity shine through. Add touches of color and personality with gaming-themed pillows, rugs, or curtains.

Are you into World of Warcraft? Throw in a metal Lich King poster on the wall or proudly display your Frostmourne Sword replica. More of a League of Legends fan? Or maybe Overwatch? Showcase your action figures prominently, this is the perfect space for them.

Incorporate other connected passions to personalize the space even more. Think race cars, LEGO collections, trophies, etc. Bring your other hobbies (photography, cinema, anime, you name it) into your fun space — I promise they’ll go nicely, even if they have nothing to do with gaming, and will only make the space more welcoming for you.

Photo by Kadyn Pierce on Unsplash

Many hardcore gamers take things a step further and even add old-school arcade games like Donkey Kong, Space Invaders, Pac-Man, or Street Fighter II. Others turn their gaming room into the real-life equivalent of a feature-laden online casino, with slot machines and a poker table. Whatever your other fun interests might be, they can find a place here.

Additionally, consider adding a gaming-inspired desk setup with RGB lighting, custom keycaps, or a gaming mousepad. These small details can make a big difference in creating a visually appealing and engaging gaming space.

Organizing cables and managing clutter

A cluttered and messy gaming room can hinder your gaming experience and make it difficult to maintain and upgrade your setup. Take the time to organize your cables and manage clutter effectively.

Start by using cable management solutions such as cable clips, cable sleeves, or cable trays to keep your cables neatly organized and out of sight. Label your cables or use color-coded cable ties to easily identify and manage them.

Invest in storage solutions such as shelves, cabinets, or storage boxes to keep your gaming accessories, controllers, and games organized. Use cable management solutions or Velcro straps to secure your controllers and prevent them from getting tangled.

Regularly clean and dust your gaming room to ensure optimal performance and longevity of your gaming equipment. A clean and well-maintained gaming room not only looks better but also provides a more enjoyable gaming experience.

Creating an epic gaming room at home is a surefire way to level up your gaming experience. By choosing the right room, investing in essential gaming equipment, optimizing lighting and sound, prioritizing ergonomics and comfort, personalizing your space, and managing clutter, you can transform any ordinary room into a gaming paradise.

Remember to consider your own preferences and gaming style when designing your gaming room. Let your creativity shine through and make it a space that reflects your passion for gaming. With the right setup and ambiance, your gaming room will become the envy of all your friends.

So, power up your space and embark on a gaming adventure like never before. Your epic gaming room awaits!

*Featured image credit: ELLA DON on Unsplash

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Source: fancypantshomes.com

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Where liberty rings and culture sings.

Philadelphia, often fondly called “Philly,” is a city steeped in the rich tapestry of American history and culture. As the largest city in Pennsylvania and one of the most iconic cities in the United States, Philadelphia offers a unique blend of historical significance, cultural vibrancy, diverse culinary experiences and robust economic sectors. Plus, homes in Philadelphia are often surprisingly affordable when compared to similar-sized cities in the Northeast.

But what is Philadelphia known for? This article explores the various facets that make Philadelphia a remarkable and distinctive city.

What is Philadelphia known for?

Philadelphia holds a special place in the halls of American history. It was here, in Independence Hall, that the Declaration of Independence and the United States Constitution were debated and adopted, making the city a pivotal location during the American Revolution. The Liberty Bell, with its famous crack, symbolizes freedom and has been a longstanding symbol of American independence. These historical landmarks draw numerous visitors each year, eager to glimpse the birthplace of modern democracy.

Economic landscape and job market

Economically, Philadelphia is a powerhouse with diverse industries driving its growth. The city is a hub for healthcare and education, with world-renowned institutions like the University of Pennsylvania and Thomas Jefferson University headquartered here. The presence of these institutions not only contributes to the city’s economy but also makes it a center for medical research and innovation.

Additionally, Philadelphia’s strategic location on the Eastern seaboard makes it an important player in logistics, manufacturing and trade. The Port of Philadelphia is a vital component of this, facilitating international trade and commerce. The city’s economy is also bolstered by a robust service sector, including finance, law and information technology.

Culinary scene

No discussion of Philadelphia is complete without mentioning its iconic culinary scene. The Philly cheesesteak, a long roll filled with thinly sliced sautéed beef and melted cheese, is synonymous with the city. Pat’s King of Steaks and Geno’s Steaks are among the most famous spots to try this local delicacy. Beyond cheesesteaks, Philadelphia’s food landscape is diverse, featuring everything from high-end dining experiences to a vibrant street food culture, with influences from Italian, Irish and African American cuisines, among others.

Cultural norms and diversity

Philadelphia is a melting pot of cultures, evident in its neighborhoods, festivals and daily life. Places like Chinatown, Little Italy and the African American Museum in Philadelphia showcase the city’s rich cultural tapestry. The city is known for its “Brotherly Love” and “Sisterly Affection,” a sentiment stemming from its Quaker roots that promotes tolerance and inclusivity.

Arts and entertainment

The city’s arts and entertainment scene is vibrant and diverse. The Philadelphia Museum of Art, home to thousands of works from across the globe, is an iconic institution, not just for its vast collections but also for the famous “Rocky Steps” leading to its entrance. The city’s love for music is evident in its jazz, soul and hip-hop scenes, with venues like the Kimmel Center for the Performing Arts and the Mann Center hosting performances throughout the year.

Philadelphia is also a city of murals – with more than 4,000 murals adorning the city’s buildings, it’s like an open-air art gallery, showcasing the work of local and international artists. These murals often reflect the city’s history, culture and social issues, adding color and conversation to its urban landscape.

Sports fervor

Philadelphia’s sports culture is fervent and loyal. Home to teams like the Eagles (NFL), the Phillies (MLB), the 76ers (NBA) and the Flyers (NHL), the city lives and breathes sports. The passionate fan base is known for its fervor and dedication, making attending a live game an electrifying experience.

Education and research

Philadelphia is a center for education and research, boasting several top universities and colleges. Institutions like the University of Pennsylvania, Drexel University and Temple University are not only significant employers in the city but also contribute to the intellectual and cultural richness of Philadelphia. These institutions attract students and researchers from all over the world, adding to the city’s diverse demographic.

Tourism and attractions

Tourism plays a significant role in Philadelphia’s economy. Attractions such as the Philadelphia Zoo, the oldest zoo in the United States, and the Franklin Institute, a leader in science and technology education, draw families and curious minds alike. The historic district, featuring the Liberty Bell and Independence Hall, is a pilgrimage site for those interested in American history.

Philadelphia’s neighborhoods

Philadelphia’s neighborhoods each have their own character and charm. From the historic cobblestone streets of Old City to the vibrant murals in Fishtown and the bustling markets of Reading Terminal Market, there’s a diverse array of experiences to be had in the city’s various districts. These neighborhoods are not just residential areas but are hubs of cultural, culinary and social activity.

Embracing Philadelphia’s legacy and future

Philadelphia is a city with a rich history, a vibrant culture and a bright future. It’s a place where the past and present converge, creating a unique urban experience. From the echoes of liberty ringing through its historic landmarks to the sizzling grills of its famous cheesesteak joints, from the hallowed halls of its universities to the passionate cheers of its sports stadiums, Philadelphia is a city that thrives on diversity, innovation, and brotherly love.

Whether you’re drawn to its historical significance, culinary delights, cultural richness or economic opportunities, Philadelphia offers a dynamic and welcoming environment for residents and visitors alike. Browse available apartments or homes in Philadelphia to experience brotherly love for yourself in a place of your own.

Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.

Source: rent.com

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See what’s special about this city, beyond the stereotypes.

Welcome to Cleveland. Sitting on the shores of Lake Erie, this Midwestern metropolis has a heritage that is proudly showcased through its impressive architecture, world-class museums and so much more. Join us as we explore the nooks and crannies of one of America’s top cities and finally answer the question, what is Cleveland known for?

Cleveland’s quirky, unparalleled culture

Cleveland holds a particular cultural significance in American history. From its early days as a major center for manufacturing and trade to its present-day status as a hub for arts and culture, the city has embraced its past while facing its future head on.

One of the most iconic landmarks in Cleveland is the Rock and Roll Hall of Fame. This legendary museum pays homage to the legends of rock and roll with its extensive collection of artifacts, interactive exhibits and live performances. Visitors can explore the history of rock music, learn about the artists who shaped the genre and get up close and personal with some of the most unique rock artifacts in the world.

Another gem in Cleveland is the Historic Warehouse District. This neighborhood is a testament to the city’s industrial past, with its well-preserved 19th-century brick buildings and cobblestone streets. Today, it’s a hub for dining, shopping and entertaining, with a mix of trendy restaurants, stylish boutiques and lively bars.

Historical landmarks in Cleveland

Cleveland is home to a wealth of historical landmarks that provide a glimpse into the city’s past. One such landmark is Terminal Tower, a towering structure that was once the tallest building outside of New York City. Built in the 1920s, it served as a transportation hub and symbolized the city’s growth and prosperity. Today, it houses offices, shops and restaurants and offers breathtaking views of the city from its observation deck.

Another must-visit is The Cleveland Arcade. Built in 1890, it is one of the oldest indoor shopping malls in the United States. The Arcade’s stunning architecture, with its glass ceilings and ornate ironwork, is a sight to behold. Visitors can wander through its corridors, admire the beautiful craftsmanship and shop at the unique boutiques and cafes that are lucky enough to call the Arcade home.

Exploring Cleveland’s art scene

Cleveland is a haven for artsy folks, with its world-class museums and thriving arts scene. The Cleveland Museum of Art is a must-visit destination for any art enthusiast. With works spanning over 6,000 years and featuring pieces from around the globe, it is one of the most comprehensive art museums in the country.

For those who prefer contemporary art, the Museum of Contemporary Art Cleveland (MOCA) is a must-visit. Located in Little Italy, this cutting-edge museum showcases works by established and emerging artists. Its ever-changing exhibitions and innovative programming make it a gathering place for creatives to experiment.

Cleveland’s music and entertainment industry

Cleveland has a strong music scene, with deep roots in rock and roll, jazz and classical music. The city’s sounds can be experienced at venues like the Beachland Ballroom, a historic concert hall that has hosted countless legendary acts. From local indie bands to international superstars, the Beachland Ballroom offers a diverse lineup of performances that cater to all musical tastes.

Cleveland also boasts a thriving theater and performing arts industry. Historic Playhouse Square is the largest performing arts center outside of New York City and is home to multiple theaters showcasing a wide range of performances, including Broadway shows, ballet, opera and more. Catching a show at Playhouse Square is a must-do for any thespians.

Cleveland’s sports culture

Cleveland is a city that loves its professional sports, and its passionate fan base is a testament to that. The city is home to three major professional sports teams: the Cleveland Cavaliers (NBA), the Cleveland Browns (NFL) and the Cleveland Guardians (MLB). Attending a game at one of these iconic stadiums is an experience like no other, with the energy and excitement of the crowd creating an electric atmosphere.

In addition to professional sports, Cleveland also hosts numerous sporting events throughout the year. The city has hosted the NBA Finals, the World Series and the NFL Draft, and that’s not even to mention Saturdays at The Ohio State University (just over two hours away).

Must-visit attractions in Cleveland

The Cleveland Botanical Garden is a beautiful oasis in the heart of the city, with its stunning gardens, glasshouse and outdoor spaces. Visitors can explore the themed gardens, learn about plant conservation and even participate in educational programs and workshops.

Another must-visit attraction is West Side Market, one of the oldest continuously operating public markets in the country. This bustling marketplace is a foodies’ paradise, with vendors selling everything from fresh produce and meats to artisanal cheeses and baked goods. Exploring the market’s many offerings and sampling the local cuisine is a must-do for anyone with a little room in their stomach.

Dining in Cleveland

Cleveland’s emerging culinary scene has garnered attention in recent years, with a range of restaurants and culinary experiences to be experienced within the city limits. The city is known for its thriving food halls, where visitors can sample a variety of cuisines under one roof. The Van Aken District, located in the suburb of Shaker Heights, is home to a food hall that showcases the best of Cleveland’s culinary talent, from artisanal pizzas to gourmet burgers.

For those looking for a fine dining experience, Cleveland has no shortage of upscale restaurants that offer innovative menus and impeccable service. The city’s chefs are known for their creativity and use of local ingredients, with many establishments focusing on farm-to-table cuisine. From contemporary American fare to international flavors, Cleveland’s dining scene has something to satisfy every palate.

Outdoor activities and natural attractions in Cleveland

Cleveland is also a great destination for outdoor enthusiasts. The city’s location on the shores of Lake Erie provides ample opportunities for kicking back and enjoying all that Mother Nature has to offer. Visitors can take a leisurely stroll along the scenic lakefront, enjoy a picnic in one of the many parks that line the shoreline or even rent a kayak or paddleboard to explore the waters.

For those who prefer to explore nature on land, the Cleveland Metroparks offer a network of parks and trails that span over 23,000 acres. Whether you’re a hiker, cyclist or simply looking for a peaceful nature retreat, the Metroparks have something for everyone. From the picturesque Rocky River Reservation to the sprawling North Chagrin Reservation, these parks offer a respite from the hustle and bustle of the city.

Cleveland should be on your shortlist

After this brief exploration it is clear as day, apartments and homes in Cleveland offer a whole heck of a lot for renters and for those looking to lay down roots and invest in real estate. From its iconic landmarks and world-class museums to its epic music and entertainment scene, there really is something for everyone to enjoy within the city limits.

Whether you’re exploring the city’s many landmarks, immersing yourself in its art scene or indulging in some downright delicious local dishes, Cleveland is sure to captivate and leave a lasting impression. Find your apartment or house for rent now and discover all that Cleveland has to offer you.

Source: rent.com

Apache is functioning normally

See what’s special about this city, beyond the stereotypes.

Welcome to Cleveland. Sitting on the shores of Lake Erie, this Midwestern metropolis has a heritage that is proudly showcased through its impressive architecture, world-class museums and so much more. Join us as we explore the nooks and crannies of one of America’s top cities and finally answer the question, what is Cleveland known for?

Cleveland’s quirky, unparalleled culture

Cleveland holds a particular cultural significance in American history. From its early days as a major center for manufacturing and trade to its present-day status as a hub for arts and culture, the city has embraced its past while facing its future head on.

One of the most iconic landmarks in Cleveland is the Rock and Roll Hall of Fame. This legendary museum pays homage to the legends of rock and roll with its extensive collection of artifacts, interactive exhibits and live performances. Visitors can explore the history of rock music, learn about the artists who shaped the genre and get up close and personal with some of the most unique rock artifacts in the world.

Another gem in Cleveland is the Historic Warehouse District. This neighborhood is a testament to the city’s industrial past, with its well-preserved 19th-century brick buildings and cobblestone streets. Today, it’s a hub for dining, shopping and entertaining, with a mix of trendy restaurants, stylish boutiques and lively bars.

Historical landmarks in Cleveland

Cleveland is home to a wealth of historical landmarks that provide a glimpse into the city’s past. One such landmark is Terminal Tower, a towering structure that was once the tallest building outside of New York City. Built in the 1920s, it served as a transportation hub and symbolized the city’s growth and prosperity. Today, it houses offices, shops and restaurants and offers breathtaking views of the city from its observation deck.

Another must-visit is The Cleveland Arcade. Built in 1890, it is one of the oldest indoor shopping malls in the United States. The Arcade’s stunning architecture, with its glass ceilings and ornate ironwork, is a sight to behold. Visitors can wander through its corridors, admire the beautiful craftsmanship and shop at the unique boutiques and cafes that are lucky enough to call the Arcade home.

Exploring Cleveland’s art scene

Cleveland is a haven for artsy folks, with its world-class museums and thriving arts scene. The Cleveland Museum of Art is a must-visit destination for any art enthusiast. With works spanning over 6,000 years and featuring pieces from around the globe, it is one of the most comprehensive art museums in the country.

For those who prefer contemporary art, the Museum of Contemporary Art Cleveland (MOCA) is a must-visit. Located in Little Italy, this cutting-edge museum showcases works by established and emerging artists. Its ever-changing exhibitions and innovative programming make it a gathering place for creatives to experiment.

Cleveland’s music and entertainment industry

Cleveland has a strong music scene, with deep roots in rock and roll, jazz and classical music. The city’s sounds can be experienced at venues like the Beachland Ballroom, a historic concert hall that has hosted countless legendary acts. From local indie bands to international superstars, the Beachland Ballroom offers a diverse lineup of performances that cater to all musical tastes.

Cleveland also boasts a thriving theater and performing arts industry. Historic Playhouse Square is the largest performing arts center outside of New York City and is home to multiple theaters showcasing a wide range of performances, including Broadway shows, ballet, opera and more. Catching a show at Playhouse Square is a must-do for any thespians.

Cleveland’s sports culture

Cleveland is a city that loves its professional sports, and its passionate fan base is a testament to that. The city is home to three major professional sports teams: the Cleveland Cavaliers (NBA), the Cleveland Browns (NFL) and the Cleveland Guardians (MLB). Attending a game at one of these iconic stadiums is an experience like no other, with the energy and excitement of the crowd creating an electric atmosphere.

In addition to professional sports, Cleveland also hosts numerous sporting events throughout the year. The city has hosted the NBA Finals, the World Series and the NFL Draft, and that’s not even to mention Saturdays at The Ohio State University (just over two hours away).

Must-visit attractions in Cleveland

The Cleveland Botanical Garden is a beautiful oasis in the heart of the city, with its stunning gardens, glasshouse and outdoor spaces. Visitors can explore the themed gardens, learn about plant conservation and even participate in educational programs and workshops.

Another must-visit attraction is West Side Market, one of the oldest continuously operating public markets in the country. This bustling marketplace is a foodies’ paradise, with vendors selling everything from fresh produce and meats to artisanal cheeses and baked goods. Exploring the market’s many offerings and sampling the local cuisine is a must-do for anyone with a little room in their stomach.

Dining in Cleveland

Cleveland’s emerging culinary scene has garnered attention in recent years, with a range of restaurants and culinary experiences to be experienced within the city limits. The city is known for its thriving food halls, where visitors can sample a variety of cuisines under one roof. The Van Aken District, located in the suburb of Shaker Heights, is home to a food hall that showcases the best of Cleveland’s culinary talent, from artisanal pizzas to gourmet burgers.

For those looking for a fine dining experience, Cleveland has no shortage of upscale restaurants that offer innovative menus and impeccable service. The city’s chefs are known for their creativity and use of local ingredients, with many establishments focusing on farm-to-table cuisine. From contemporary American fare to international flavors, Cleveland’s dining scene has something to satisfy every palate.

Outdoor activities and natural attractions in Cleveland

Cleveland is also a great destination for outdoor enthusiasts. The city’s location on the shores of Lake Erie provides ample opportunities for kicking back and enjoying all that Mother Nature has to offer. Visitors can take a leisurely stroll along the scenic lakefront, enjoy a picnic in one of the many parks that line the shoreline or even rent a kayak or paddleboard to explore the waters.

For those who prefer to explore nature on land, the Cleveland Metroparks offer a network of parks and trails that span over 23,000 acres. Whether you’re a hiker, cyclist or simply looking for a peaceful nature retreat, the Metroparks have something for everyone. From the picturesque Rocky River Reservation to the sprawling North Chagrin Reservation, these parks offer a respite from the hustle and bustle of the city.

Cleveland should be on your shortlist

After this brief exploration it is clear as day, apartments and homes in Cleveland offer a whole heck of a lot for renters and for those looking to lay down roots and invest in real estate. From its iconic landmarks and world-class museums to its epic music and entertainment scene, there really is something for everyone to enjoy within the city limits.

Whether you’re exploring the city’s many landmarks, immersing yourself in its art scene or indulging in some downright delicious local dishes, Cleveland is sure to captivate and leave a lasting impression. Find your apartment or house for rent now and discover all that Cleveland has to offer you.

Source: rent.com

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It’s not uncommon to hear the words “apartment building” and “apartment community” used interchangeably for this type of dwelling unit. In this article, we’ll look at the difference and explore the features that make up an apartment complex.

What is an apartment building?

An apartment building is a complex full of apartment residences. It’s simply the physical structure built by property developers.

Apartment buildings are more than simply homes, though. They contain many important rooms and features that are essential to running the complex.

What are the features of an apartment building?

When you move to a new apartment, you’ll have to get to know your neighbors and the apartment community you’re joining. Here’s what you can expect to see at a typical apartment complex or building.

Leasing office

The leasing office is where the administrative tasks happen. It’s the office that your property manager works in and where you can find leases, maintenance requests and other important documents. The leasing office is also where a resident can go if they have any issues with rent or are in need of other services surrounding living units.

Stairwell

If your apartment building has more than one floor, the building will have a stairwell to get to the ground level. These stairwells are typically located along the edge of the building, at the end of the hall. Buildings will also have elevators as an accommodation for those who cannot use the stairwells in apartments.

Curbs

The curbs surrounding apartment buildings should be well maintained and not coming apart. These will create space between the sidewalk and the road, so you can walk safely.

When you’re parking, be sure to look at the color of the curb. Concrete curbs painted red or yellow are often no-parking zones.

Street lights

Apartment complexes contain many street lamps that come on at night. This way, you can safely walk from your car to your apartment building.

Parking spaces

Apartment buildings usually have designated parking for residents and guests. If you are assigned a parking spot, it will likely have a number painted on the space so it’s easy for you to find. Apartments in major cities or urban areas usually charge an additional fee for parking.

Every apartment building will also have a few handicapped parking spaces near the complex. Parking in these spots requires a handicapped parking plaque or license plate. These spots are reserved for people who have mobility difficulties.

Patios and balconies

Patios are attached to ground-floor apartment buildings. Usually, they’re a concrete slab on which you can put outdoor furniture and plants.

If you live on an upper level, you might have a balcony which gives you some outdoor space. Even if your patio or balcony is very small, there are ways to decorate it so that you can relax and enjoy some fresh air on a nice evening.

Dumpster

The dumpster is where people who live in the apartment buildings can drop off their bagged garbage.

Dog waste bags

If your apartment allows for pets, they may provide dog waste bags. These bags are for your pet’s waste when you take them outside and put the trash in the dumpster when you’re finished.

Key card

Your key card is an electronic card that will unlock many of the common rooms and entrances of the apartment building. Examples include the security gate and fitness center. These are only issued to residents and staff and are a part of the building design to keep residents safe.

Electronic gate

The electronic gate is located at the entrance of the parking lot. These are in place for your security so only people allowed to come to the apartment can enter.

What is an apartment community?

While an apartment building provides you with a place to live, an apartment community makes it feel like home. A community is alive. It’s the residents, pets, guests and staff that live and work in the complex. They’re the friends you’ll make from down the hall and the property manager who maintains your apartment building and unit. They’re the reason you’re glad you rented there instead of somewhere else.

What are the features of an apartment community?

Apartment amenities, in a residential property that encourage people to interact, will make it easier for you to get to know your neighbors and feel like part of the community. If you’re looking to live in a socially active neighborhood, look for an apartment that has some of the following features and amenities that add value to resident life.

Swimming pool

An apartment building’s swimming pool often becomes a community gathering space. In warmer climates, it can be an especially great place to hang out on a warm day.

Fitness center

Many apartment buildings include a fitness center as an amenity, although some charge a monthly fee to use the equipment. The fitness room is for residents only and requires a key card to get in. They include things like free weights, treadmills, ellipticals and stationary bicycles.

Instead of paying for a monthly gym membership and spending time driving to the gym, you can exercise in your apartment building and perhaps get to know some of your neighbors.

Clubhouse

This is a common room in upscale apartment complexes. It will likely have a TV, a small kitchen, tables, chairs and possibly some game tables like pool or darts. Often, the property manager will allow a tenant to rent this room out for parties or special events.

Community lounge

This may be the same thing as the clubhouse. It’s a common area that’s large enough for a group to meet and relax. Some lounges have Wi-Fi and workspaces.

Pet-friendly spaces

Some apartments have designated lawn spaces for dogs and their owners to play. Apartments that offer pet-friendly housing tend to attract pet owners.

It’s easy to find some common ground with other dog lovers, so if you have a playful dog, look for a pet-friendly apartment. Some apartments will even host pet-friendly events in these designated areas, making it a great social activity for tenants (and their furry friends)!

Find an apartment building and community to suit your personality

All apartment buildings have different amenities and newer apartment listings are adding some cool modern spaces to woo new tenants and enhance resident life.

While modern features are great, to make new friends and become a part of the community, it’s important to spend some time talking to the residents before signing a lease.

Find your next apartment community here!

No matter where you’re looking to live, the perfect place awaits, where you can find a community to live, work and play as one of the perks that come with apartment living. Start with our extensive listing of apartment buildings and communities here.

Wesley is a Charlotte-based writer with a degree in Mass Communication from the University of South Carolina. Her background includes 6 years in non-profit communication and 4 years in editorial writing. She’s passionate about traveling, volunteering, cooking and drinking her morning iced coffee. When she’s not writing, you can find her relaxing with family or exploring Charlotte with her friends.

Source: rent.com

Apache is functioning normally

While spring and summer are typically the most active home-buying seasons, things tend to cool down by September, much like the weather. But that doesn’t mean you should put off your home search. In fact, the fall can be the golden time to find a home.

Let’s explore why autumn can be one of the best times of the year to buy a home.

There Are Fewer Shoppers

The spring and early summer frenzy of buyers wanting to get into a home before school starts has settled down. You’ll have less competition as homes hit the market.

Very Motivated Sellers

Sellers are often motivated due to less competition from buyers. They may also be eager to sell before the holiday season, which can translate into a good deal for you.

Starter Home Inventory Peaks

Leaf colors aren’t the only things that peak in the fall. Typically, so does starter home inventory, which can be good news for first-time homebuyers. These homes tend to be in the lower-third price range of available houses, making them a potential option for those taking their initial step into homeownership.

The Weather Can Uncover Issues in the Home

Sunny summer weather can hide water-related issues such as roof or window frame leaks. Autumn rains make it easier for your home inspector to see potential water problems firsthand. Cooler fall weather also allows you to evaluate the heating system more effectively.

Uncovering issues that need repair may help you bring down the price of a home, or you may want to consider rescinding an offer if the fixes are too extensive or expensive.

You Could Have More Negotiating Power

With fewer homebuyers in the market, you may be in a good position to negotiate a more favorable price. Plus, sellers may be tired of waiting for a sale if the home has been on the market since the summer. They may be more open to making a deal and hoping to close before the holidays and the winter.

Flexibility on Move-In Dates

Need to move in earlier or later? Motivated sellers may be more willing to accommodate your schedule.

Plus, demand for moving companies wanes in the fall. With more crews available, scheduling your move may be easier, allowing for more flexible move-in dates. Moving costs may also be lower, thanks to off-peak pricing.

Prices Are Dropping

Historically, home prices are highest in the spring and summer and drop during the fall. This is especially true for homes that have been on the market throughout the summer; sellers may lower the asking prices to encourage a sale.

Home Winterization Not an Issue Yet

Milder fall temperatures mean a home’s winterization isn’t yet an issue, but you’ll have time to address any concerns. Prepare for winter’s chill by maintaining the furnace and water heater, sealing cracks and adding insulation, all of which cut energy costs.

More Contractors Available for Renovations

Spring and summer are busy seasons for contractors, but things tend to slow down in autumn. Contractors, subcontractors and skilled laborers may be more readily available to take on your new home’s renovation or repair projects.

Tax Write-Off Before End of Year

Taking advantage of homeowner tax deductions on next year’s returns may save you money, too. Write-offs may only be a percentage of a full year’s deductions (when you’ve been residing in the home continually), but getting in before the December 31 tax deadline means you’ll be able to write off some of this year’s mortgage interest, along with deductions for points, property taxes and home offices.

Summer Listings Are Still Available

There are still homes on the market from summer that some sellers may remove during the holidays and relist next year.

Spring and summer may traditionally be the peak home-buying periods, but the autumn months present several overlooked benefits — from reduced competition to lower prices to greater starter home inventory. Whether you’re a first-time homebuyer, relocating, moving up or downsizing, autumn can be the perfect time to begin your search and find a home you’ll “fall” in love with. Contact a Pennymac Loan Expert to explore our wide range of financing options for your home loan needs.

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Source: pennymac.com

Apache is functioning normally

A newly renovated residence with a killer location and impeccable interiors has recently landed on the market in Miami Beach, sporting a hefty $18 million price tag.

But it has plenty of attributes to justify its premium pricing, including an exceptional location on a private peninsula that comes with unmatched panoramic views of the Atlantic Ocean from nearly every room of the house.

Nestled on the corner of the guard-gated community of Biscayne Point Island at 1137 North Biscayne Point Road, the property’s coveted location also offers convenient access to some of Miami’s most iconic spots.

Photo credit: Compass Florida

Key numbers & facts

  • Location: 1137 North Biscayne Point Road, Miami Beach, FL
  • Bedrooms: 4
  • Bathrooms: 5
  • Square footage: 5,077
  • Year built: 1955 (extensively renovated in 2023)
  • Lot size: 0.29 acres
  • Amenities: Great Room with 25′ high ceilings, custom finishes imported from Europe, wine cellar, a primary suite with huge walk-in closets
  • Other structures: two boat docks, jet ski lift, summer kitchen in the backyard
  • Asking price: $18,000,000
  • Listing agent: Nancy Batchelor

The residence, following a comprehensive 4-year renovation completed in 2023, showcases elegant interiors designed by Deborah Wecselman.

A former Senior Director of International Store Design for Ralph Lauren, a role she’s held for 12 years, Wecselman played an instrumental role in designing over 5,000 flagship stores and shops globally.

Deborah Wecselman’s move to Miami marked a new chapter in her career, leading her to establish WECSELMAN DESIGN, a lauded interior design firm recognized both nationally and internationally for creating high-end, unique interiors.

And 1137 North Biscayne Point Road’s interiors are a testament to Wecselman’s distinct, elegant style, as we’re about to see.

Photo credit: Compass Florida

The home features a Great Room with soaring 25-foot high ceilings and sliding doors that recess completely, blurring the lines between the indoor and outdoor spaces.

The entire home is designed to maximize the stunning ocean views, with each room offering a picturesque seascape.

High-quality custom finishes imported from Europe can be found throughout the home, along with gleaming wood floors and a state-of-the-art wine cellar.

The primary suite is a highlight, featuring expansive walk-in closets and a luxurious bath with a soaking tub and dual vanities.

Photo credit: Compass Florida
Photo credit: Compass Florida
Photo credit: Compass Florida
Photo credit: Compass Florida
Photo credit: Compass Florida
Photo credit: Compass Florida
Photo credit: Compass Florida

True to its waterfront essence, the property’s backyard is an entertainer’s paradise.

Outdoor amenities include a pool, a summer kitchen for alfresco dining, a putting green, and not just one, but two boat docks. Additional amenities like a jet ski lift enhance the outdoor experience, making it perfect for both relaxation and hosting events.

Photo credit: Compass Florida
Photo credit: Compass Florida
Photo credit: Compass Florida
Photo credit: Compass Florida

Reflecting modern standards, the house is equipped with impact windows and doors, solar panels, and a carport complete with a Tesla charging station, underscoring the property’s commitment to sustainability without compromising on luxury.

The location on an ultra-private peninsula with 360′ of water frontage makes this property a haven for boating enthusiasts.

The two docks offer ample space for boats and provide exceptional wide bay sunset views, making it a rare find in the Miami real estate market.

Photo credit: Compass Florida

>> Follow Fancy Pants Homes on MSN for more stories like this

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A $22 Million penthouse unit lists at the famed Fontainebleau Resort in Miami Beach

Source: fancypantshomes.com

Apache is functioning normally

The interest rate freeze proposal has just been unveiled by the Bush Administration, a plan which could help as many as 1.2 million borrowers stay in their homes.

“There is no perfect solution,” President Bush said Thursday as he announced the agreement reached among a slew of mortgage industry players. “The homeowners deserve our help. The steps I’ve outlined today are a sensible response to a serious challenge.”

Bush was quick to explain that the plan wasn’t a bailout, claiming the proposed interest rate freeze would only benefit responsible homeowners.

“We should not bail out lenders, real estate speculators or those made the reckless decision to buy a home they knew they could never afford,” Bush said after meeting with industry leaders at the White House. “But there are some responsible homeowners who could avoid foreclosure with some assistance.”

He also noted that thousands of borrowers have been sent letters about their options, and that aid would only come to those who asked for it, urging at-risk homeowners to call the new telephone hotline at 1-888-995-HOPE.

The president had originally given out the wrong phone number for the hotline, which was later corrected by White House staff.

Bush also played a bit of the blame game, saying the Democratic-controlled Congress “has not sent me a single bill to help homeowners.”

Hillary Clinton called Bush’s plan “too little, too late”, referring to the fact that it would exclude the 400,000 homeowners whose mortgage rates have or will reset in the final three months of 2007.

Fed Chief Ben Bernanke released a statement saying, “The streamlined process for refinancing and modifying sub-prime adjustable rate mortgages announced today is a welcome step in helping Americans protect their homes and communities from the consequences of unnecessary foreclosures.”

Meanwhile, the S&P said the mortgage freeze plan may lead to more downgrades on mortgage bonds because loan modifications will lead to reduced payments to investors.

Shares of the top U.S. mortgage lender, Countrywide Financial (CFC), rose $1.68, or 16.12%, to $12.10 on the news.

That said, here are the details regarding the “interest rate freeze proposal” unveiled today:

In order to qualify for an interest-rate freeze, you must have received your mortgage sometime between January 1, 2005 and July 31, 2007, and you need to be facing an interest rate reset sometime between January 1, 2008 and July 31, 2010.

If you fall within this range, you may be eligible to have your interest rate frozen for five years, though you won’t qualify if you are able to make payments at the higher adjustable rate, or if you can’t make payments at the original teaser rate.

The plan is focused on first-lien, 2/28 and 3/27 ARMs for borrowers who are no more than 30 days behind on their mortgage payment.

It only applies to owner-occupied properties, so investment property owners need not apply.

According to a source briefed on the plan, borrowers who have 3 percent or more home equity would also not be eligible for the freeze, and borrowers with credit scores below 660 will be first in line.

The plan identifies three classes of at-risk borrowers:

– Strong borrowers facing an interest-rate reset will be helped into FHA fixed-rate mortgages, and won’t be eligible for an interest rate freeze.

– Borrowers with credit scores below 660 that have not increased by 10 percent since the origination of the mortgage in question will be fast-tracked for a loan modification, though borrowers with higher scores may also qualify.

– And finally struggling borrowers who aren’t able to afford even a modified loan will end up facing foreclosure.

It looks like the proposal will only help a small group of homeowners, though others will receive assistance from individual mortgage lenders and through other government agencies like the FHA.

Source: thetruthaboutmortgage.com

Apache is functioning normally

Point of Sale, LO AI Tool, Underwriting, Servicing, DPA Products; Upcoming Training

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By:
Rob Chrisman

Tue, Jan 30 2024, 10:57 AM

“What do hospital gowns and insurance policies have in common? You’re never covered as much as you think you are.” Although loan officers are not insurance experts, they are seeing the escalating cost of homeowner’s insurance impact affordability. (Last Friday’s TMC show focused on why insurance costs are rising.) Insuring homes is not the only issue, however. The average bill for the repair of an American vehicle is $4,437, and for an electric vehicle that is up to $6,618, about 49 percent higher. Collision insurance claims have increased 64 percent between 2018 and 2022, fueled by increasingly sophisticated cars and more complicated things that need to get fixed when they get broken. No longer are we just hammering out dents, but rather we’re taking computers out of the car and fixing it. Insurance costs may be on the agenda (the why’s mortgage rates certainly will be) when the California Association of Mortgage Professionals (CAMP) presents the 2024 Economic Forecast today with Dr. Michael Frantanoni and yours truly at 1PM ET/10AM PT. (Today’s Commentary podcast can be found here and this week’s is sponsored by Calque. With The Trade-In Mortgage powered by Calque, lenders help their clients negotiate a lower purchase price, reduce their interest payments, and eliminate PMI. Hear an interview with Polly’s Troy Coggiola on the evolving capital markets landscape and his new role at the company.)

Lender and Broker Software, Products, and Services

Housing agencies across the U.S. introduced 135 new down payment assistance (DPA) programs last year, bringing the total number of programs up to 2,294 according to Down Payment Resource’s newly released Q4 2023 HPI report. Among other findings: there are now 686 programs that support wealth-building through the purchase of 1–4-unit multifamily properties and 804 programs that support the purchase of manufactured housing. Read the full report or schedule a demo to learn about the DPA programs available to support borrowers in your footprint.

“Unlock unprecedented success for your brokerage! Partnering with The Loan Store is a game-changer for broker owners seeking seamless growth. Picture this: your loan officers effortlessly earn 200 basis points with minimal effort, ensuring consistent borrower engagement regardless of market fluctuations. How? We specialize in lightning fast HELOC closings in just 5 days: no appraisals, no processing headaches, and approvals in mere minutes. Our commitment is simple: empower your team to focus on what matters most: building relationships. By streamlining the loan process, we pave the way for your loan officers to stay ahead in the competitive landscape. Elevate your brokerage to new heights with The Loan Store where speed, efficiency, and impressive earnings converge effortlessly. Ready to redefine success? Let’s make it happen together! Contact us here or visit our website.”

One of the key ways Servbank continues to create Excellence for its clients is with SIME, its award-winning mortgage loan servicing platform. SIME gives clients a fully transparent, 360 degree, real-time, on-demand view into their portfolio. This includes 130+ data rich customizable reports, complete document access, escrow analyses, customer call recordings, and much more. Take it from Mary Fierro, who leads subservicing oversight at NewFed: “SIME has helped NewFed in so many ways: real-time customer portal reviews, receiving payoff statements within minutes, clear and auditable monthly billing, and so much more. This is all very important to my oversight obligations, and more intuitive than ever.” Servbank, the nation’s premier bank subservicer, can make your oversight painless with the power of SIME. Visit here to learn more.

The proof’s in the data: Borrowers of all ages prefer a high tech, high touch experience. And using technology to meet their needs and deepen your relationships is more straightforward than you think. Hear tactical advice on how you can win new business, sustain customer loyalty, and strengthen your referrals from ICE Mortgage Technology’s Director of Sales, Nick Belenky, in our latest episode of What Borrowers Want. Watch the full conversation here to get expert strategies for crafting a powerful borrower loyalty formula.

“Take3Tech, home of TheRuleTool providing thousands of Loan Officer across the United States with AI-Powered instant access to agency/investor/bond/jumbo guidelines via the cloud. Hear what Tom Sullivan SVP of Mortgage Retail Sales says about TheRuleTool! Learn more by contacting Take3Tech! Email us.”

Stop losing money on loans with an end-to-end mortgage platform built for profitability. To achieve profitable mortgage lending, you need solutions built for your bottom line. Maxwell’s tech-enabled platform enhances each step of the process, from point of sale to the secondary market. You’ll gain competitive secondary market pricing on a wide array of products, including non-QM and jumbo, and full-service fulfillment support on both wholesale and correspondent offerings. Maxwell Capital customers leveraging Maxwell Point of Sale experience a 5.9 percent higher pull-through rate compared to a top competitor, increasing and accelerating closes, while built-in business intelligence tracks and benchmarks performance. Schedule a call with our team to learn more about Maxwell Capital and Maxwell Point of Sale to ensure profitability on every mortgage origination.

Webinars and Training Into February

“Today at 1pm CT we have an electric panelist lineup made up of Industry leaders that are going to spill the beans on ten strategies they are focused on to increase sales and reduce costs with minimal investment in 2024. Some of these strategies are directly saving 50-80 percent per month on the larger costs that lenders face, and others allow them to close more loans, faster. Come and join Kevin Peraino, Chief Lending Officer at PRMG, Delfino Aguilar, Chief Production Officer – TPO, Kind Lending, David Lykken, Founder & Chief Transformation Officer at Transformational Mortgage Solutions, LLC (TMS), and Richard Grieser, VP of Marketing at TRUV as they share the revenue generating and cost saving must have strategies that you can put into practice today! RSVP now and we hope to see you there!”

Since leaving retail and joining the UMortgage platform, Ravi Patel, Branch Manager and Top 1 percent Loan Originator has seen his business reach new heights despite some of the most challenging housing market conditions in more than a decade. “In a competitive market, speed can make or break many of the deals that my team and I are working on,” Patel shared. “The responsiveness and availability of our incredible Operations team have hugely benefitted my business and are just a few of the many ways that being on the UMortgage platform has exponentially increased my production.” Join Ravi this Thursday, February 1st at 2pm ET as he shares his own secrets to success and the reasons he chose UMortgage as the platform to grow his business during Loan Originators Powered by UMortgage.

Mortgages with Millennials is back today at 1PM ET! And Kristin Messerli and Robbie Chrisman are talking about Overlooked Strategies to Win with Millennials, addressing products and marketing, as well as hiring, and retaining. They will be joining you live today with the talented Melissa Langdale, sponsor from The Mortgage Collaborative, and Joe Soto, a top producer and FirstHomeIQ Ambassador. Register here.

The California Association of Mortgage Professionals (CAMP) is presenting the 2024 Economic Forecast with Dr. Michael Frantanoni and Rob Chrisman on Tuesday, January 30th

1PM PT. “Unlock the Future: 2024 Economic Forecast Revealed! Dive into a World of Opportunities and Growth. Discover Key Insights, Trends, and Strategies for Success in the Upcoming Economic Landscape.”

Join Appraiser eLearning for a one-hour webinar featuring Mark Calabria, acclaimed author of Shelter from the Storm: How a COVID Mortgage Meltdown was Averted. Calabria, former director of the Federal Housing Finance Agency (FHFA), will lead a frank conversation about what we can expect this year in the realm of housing policy, January 31st, 2pm ET / 1 pm CT.

Wednesday the 1st, looking for more in-depth commentary on weekly mortgage news? Register here for “Mortgage Matters: The Weekly Roundup” presented by Lenders One. Every Wednesday at 2PM EST/11AM PT is a dive into a range of mortgage-related topics, including market trends, interest rate fluctuations, innovative mortgage products, and industry advancements. Listen to a unique mix of age perspective, expertise, and charisma to the screen, ensuring that the information is not only educational but also entertaining. Hear from This week hear from Scott Olson of the CHLA.

Register for MMBBA’s meeting, Thursday, February 1st at 11:00 AM. Industry compensation expert Ari Karen from the law firm of Mitchell Sandler presents the 2024 Loan Originator Compensation practices update. The topic of utilizing different referral “buckets” for loan officer compensation is a highly controversial practice and noted legal expert Ari Karen will tackle this topic head on for MMBBA members.

Join MMLA in the Northern Michigan region for the first in a series of casual “Lunch and Learn” events at the Silver Spruce Brewing Company on Thursday, February 1st, 11:30 – 1:00. Holly Hack, Broker/Owner at Exit Realty Paramount, will discuss market trends in the five-county area and offer solutions to help get the deal across the finish line.

In Colorado, register for CoAMP’s 2-hour course on Thursday, February 1st, 2:00 – 4:00 PM designed for Realtors (CE included) and MLOs to better understand the benefits and nuances of VA home loans and how to use them to best serve our Veteran population and help dispel the myths and rumors about VA financing for homes. Held at 7979 E Tufts Ave in Denver, CoAMP MLO Members attend for free. Cost for Non-Member MLO and Realtors is $20 (includes CE credits).

Friday, February 3rd, is this week’s episode of The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT, 3PM ET, in “The Rundown”. This week’s co-host is Jeff Rosato with Nationwide Mortgage Bankers to discuss the capital markets.

On February 6th at 10AM PT join me for Insellerate’s upcoming webinar, alongside its CEO and Founder, Josh Friend. Together, we’ll explore the 2024 Market Forecast, providing insights into mortgage industry predictions, strategies for navigating economic uncertainty, discussing capital markets developments, and hosting an interactive Q&A session. Reserve your spot now to stay ahead in 2024.

Join the National Association of Mortgage Brokers, CoAMP, Freddie Mac and the Denver Metro Association of Realtors on Tuesday, February 6th, 11am – 2:00pm for NAMB Road Show Denver. This free event, which includes lunch, features informative sessions giving you tools and resources to help you and your consumers. in-depth Realtor-Lender Partner panel. Freddie Mac Affordable Lending Manager Nora Guerra, as she shares the state of the Colorado housing market; housing trends in the area; and innovative ways to navigate the road ahead in creating an impactful mortgage business for you.

MBA of Mississippi Gulf Coast Chapter’s February Luncheon will be held on Tuesday, February 6th, 11:30am – 1:00pm (CST) at Salute Italian & Seafood Restaurant.

The Federal Reserve Bank of Dallas is offering an invite to join economic experts and business and community leaders across Texas for the Dallas Fed’s annual Texas Economic Outlook event. Whether you attend in person in Dallas or virtually, it’s a great opportunity to get the latest information on the Texas economy while expanding your network. 2024 program will take place Friday, February 9, 11 a.m.–12 noon CT. Registration is free and open to the public. In-person attendees are invited to come early to the Dallas office for refreshments and networking ahead of the presentation. Pia Orrenius, vice president and senior economist, will release the Dallas Fed’s forecast for Texas employment growth for the year and share details on factors likely to influence the Texas economy in 2024.

Capital Markets

Mortgage rates dropped to open the week ahead of a big dose of quarterly reports from companies, the latest Federal Open Market Committee (FOMC) policy statement, and the release of the jobs report for January. However, most of the downward move in rates yesterday was due to concerning geopolitical developments, as three U.S. soldiers were killed by a drone strike in Jordan and Houthi rebels attacked a U.S. destroyer and a British merchant ship.

Day one of the two-day FOMC meeting gets under way today in Washington, DC., and though no change in the fed funds rate is expected, it’s a big week for central banks. The Bank of Japan’s meeting yielded expectations for an April rate hike, while the latest Bank of Canada announcement suggests an earlier initial rate cut than markets had priced in. An initial rate cut from the European Central Bank is expected in April, and our Fed is a coin toss for a March rate cut. Central bank rate cuts should help pave a path for lower rates that should help housing markets as we enter the spring homebuying season.

In the United States, today’s economic calendar may have a few things that will move interest rates: Redbook same store sales for the week ending January 27, followed by Case-Shiller and FHFA house price indices for November, consumer confidence for January, December job openings from JOLTS, Dallas Fed services for January, and various Treasury auctions. We begin the day with Agency MBS prices are better by a few ticks (32nds), the 10-year yielding 4.06 after closing yesterday at 4.09 percent, and the 2-year at 4.31.

Employment

Steve Adamo, President of Residential and Consumer Lending looks to continue to expand OceanFirst Bank’s Residential Lending division. In 2023, the Bank saw top producing Loan Officers join the team as well as expanding its geography in the new metropolitan market of Washington D.C. OceanFirst Bank blends the benefits of an independent mortgage company with the stability of a banking environment. The Bank provides their Loan Officers with a strong portfolio, direct agency lending, retained servicing, innovative marketing and technology products and services, and the ability to lend nationally as a National Association bank. Additionally, our NeighborFirst program has benefits such as a low-down payment, no Private Mortgage Insurance (PMI), and no LLPAs based on credit score or loan amount. Contact John Costa, SVP and Head of Mortgage Sales, or 609.444.6121, to take your business to new heights.

In the Northwest and California, Banner Bank is searching for Mortgage Loan Officers looking to create lasting Realtor and builder relationships at a bank focused on the market today. Banner has opportunities for lenders looking for local decision making with FHA, VA, USDA, state bond and true Portfolio lending opportunities along with servicing retained Fannie and Freddie loans to assist in client retention. Additional highlighted products cover CRA lending with private label no payment down payment assistance to help assist all borrowers with the right opportunity. Banner is the right fit for an established team, or the individual looking to grow their business and take the next step in their career. Please send resumes to Aaron Miller.

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com