sales

Stock Market Today: Stocks Tread Water, Bitcoin Joins the Trillion-Dollar Club

The Dow finished flat as a pancake as the stock market continues to stall against all-time highs, but Bitcoin continued building a head of steam.

Top Sales: Waterfront stunners were the must-have homes in January

Beach houses were Southern California’s top sellers in January, as waterfront properties in Santa Barbara and Malibu traded hands for more than $20 million.

MBS Day Ahead: Bond Bears Refusing To Hibernate; How Bad Could It Get?

Posted To: MBS Commentary

Given recent temperature trends, we're well within our right to expect actual bears to be in hibernation. How about bond market bears? They've eaten their fill so far this winter–enough that we might expect them to go quietly into the night simply due to oversold technicals. Surely, a visit to the pre-covid all-time lows in 10yr yields would be enough to satisfy bearish appetites, right? Or perhaps that's entirely too obvious and the market will continue to punish traders who try to catch the falling knife (of bond prices) too soon. With apologies for mixing metaphors, today's early price action suggests the knife is still in the air and that the bears are refusing to hibernate just yet. When will this change or what will it take for things to change? Rates have been consolidating…(read more)

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UWM announces 1.99% rate for 30-year fixed mortgage – HousingWire

UWM announces 1.99% rate for 30-year fixed mortgage  HousingWire

14 Business Networking Tips & Tricks to Build Great Work Relationships

Looking to network and form professional relationships? Read here to learn useful business networking tips and tricks.

U.S. Existing Home Sales Rise in January as Buyers ‘Snatch Up’ Any New Listings

Economists think that low mortgage rates will continue to boost housing demand in coming months.

The post U.S. Existing Home Sales Rise in January as Buyers ‘Snatch Up’ Any New Listings appeared first on Real Estate News & Insights | realtor.com®.

Time to Wake Up To The New Mortgage Rate Reality

There’s no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We’ve never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close). All of the above makes it easy to get lulled into a false sense of low-rate security, but it’s time to wake up. Actually, the alarm has been going off for a while now. Previous posts pointed out the disconnect between the bond market and mortgage rates on multiple occasions in 2020. Near the end of the year, we warned against complacency in no unspecific terms . Following the Georgia senate election, we’ve been tracking a surge in bond market volatility based on the expectation that it would increasingly spill over to the mortgage rate world. ( Read More: 1/8/21: Have We Seen

When Should You Start Looking for a House?

The short answer: Immediately. That is, if you want to buy a home at some point in the next year, or any time thereafter. We’ll get into the specifics in a moment, but there’s really no sense in waiting if you want to own a home or condo because it’s always going to be a [&hellip

The post When Should You Start Looking for a House? first appeared on The Truth About Mortgage.

Existing home sales are still too hot

Mortgage rates are still meager, historically speaking, but 3.375% or higher may be enough to slow the home price growth rate – which, right now, is simply too hot. The days on the market went from 43 days last year to 21 days currently.

The post Existing home sales are still too hot appeared first on HousingWire.