Mortgage Rates Hit Record Lows Again – Real Estate Market Update

We’re back for another look at what happened in real estate. We’ll go over the most important news and insights you can share with your clients. The Big Story The big story of the month so far is that mortgage rates have once again hit a new record low. I feel like I’m saying that so often lately that I’m …

Rocket Mortgage® Super Bowl Squares Is Back

One team will walk away with the Vince Lombardi trophy in Super Bowl LV. But in the largest official game of Super Bowl square ever, you could walk away with $50,000 or a grand prize of $500,000 that could be used toward buying your dream home!1 Whether watching for the competition or the commercials, you’ll be anticipating every point in …

2021 Real Estate Trends To Keep An Eye On

Whether you work in real estate or are interested in buying or selling a home in the upcoming year, it’s important to understand both the current and the projected states of the housing market. Here are some real estate trends to keep an eye on for 2021. Prices And Turnover Rate Still On The Rise COVID-19 left the housing inventory …

Mortgage Rates Touch New Lows – Real Estate Market Update

If you work in anything related to housing or real estate, this year has probably felt like an incredible sprint. If this was the 100-meter dash, we would be at that final point in the race where it’s time to get ready for that last lean across the finish line. Mortgage volume and home sales have set a blistering pace. …

Federal Reserve Press Release In Plain English – December 2020

The Federal Reserve kept short-term interest rates where they were at near 0%. Because short-term rates tend to follow the same direction as mortgage rates, this supports the extremely low mortgage rates we’ve been seeing for quite a while now. If you’re in the market to buy or refinance a home, it’s a really good time to do so if …

Mortgage Rates Are Again At Record Lows – Market Update

It’s been a strange year. In a lot of ways, it just feels like you’re trying to hang on and get through it. I’m off next week and for the rest of the year, so if I can just get through this, it’s going to be a nice break. The economy is the same way. It’s been brutal, but there’s …

You Spoke, We Took Action: Insurance Loss Process Changes

It’s stressful enough having your home damaged or, worse, destroyed. Trying to file an insurance claim and receive your repair funds shouldn’t make an already bad situation worse. When our clients told us that the insurance loss claims process was doing just that, we knew we had to act. So we went to industry regulators and advocated for a better …

7 Ways To Revive A Stale Listing

Even in the best housing markets and conditions, homes up for sale can sometimes sit longer than expected. There’s no way to predict when you’ll have a stale listing. That doesn’t mean there’s nothing you can do if one of your listings doesn’t sell quickly. If your client’s home isn’t getting the attention you hoped for, keep reading to learn …

Conventional And VA Loan Limits On The Rise In 2021

The Federal Housing Finance Agency announced recently the mortgage limit that will apply to conforming conventional and VA loans in 2021. We’ll cut to the chase and tell you that they’re increasing. The limit for 2021 is $548,250 for a 1-unit property, an increase of more than 7.4% compared to last year. The rest of this post will go over …