ARCHIVED BLOG POSTS
2014
The Mortgage Bankers Association (MBA) reported today that its Market Composite Index, a measure of total loan application volume, declined by 8.5% in the latest week. The refinance index fell by 11.4%, which now makes up 58% of mortgage applications, lowest since September 2013. The purchase ind...
02/26/2014
Housing data dominated the economic headlines this morning as the sector tries to replicate the big home price gains seen in 2013. The Case Shiller 20-city Home Price Index rose by 13.4% in December 2013 compared to December 2012. That is slightly lower than the 13.7% year-over-year increase seen...
02/25/2014
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This inspirational movie called The Power of Attitude contains key insight about the power your attitude has when it comes to your success. Created by Simple Truths, a consumer-direct publisher of motivational books and films. Copyright 2011, Simple Truths.
02/20/2014
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Economic news was abundant today, mostly dominated by housing related data. The Commerce Department reported that Housing Starts in January declined by 16% to an annual rate of 888,000 revised from the higher December number of 1.048 million, as harsh winter weather continues to impact the sector...
02/19/2014
The National Association of Home Builders (NAHB) reported this morning that severe weather across the country this month held potential buyer traffic low for newly-built single family homes. The NAHB Housing Market Index fell by ten points from January to 46, well below the 56 expected. The NAHB ...
02/18/2014
Open House Sunday, February 16th 2-4PM 126 Millstone Drive, Johnson City, TN 37615 List Price: $230,000 4 or 5 bed/3 bath Fire Pit Large Lot -Fruit Trees Patio- Back Yard Fenced Master on Main- Garden Pond Central Heat and Air- In-Law Suite
02/13/2014
The Mortgage Bankers Association reported today that its Market Composite Index, a measure of total loan application volume, fell by 2% in the latest week despite a decline in home loan rates in the past month. The refinance index declined by 0.2%, while the purchase index fell by 5%. The Market ...
02/12/2014
Join me today at 11AM when I am a guest on Becky Rockwell's Blog Talk Radio show as we discuss "How Credit Impacts Your Mortgage Application" http://www.blogtalkradio.com/beckyrockwell/2014/02/10/how-credit-impacts-your-mortgage-application Hope you can join us!
02/09/2014
ADP reported today the private employers added 175,000 new workers in January, a sign that the labor market may have rebounded after the poor jobs report in December. The Labor Department reported that there were only 74,000 jobs created in December, which was well below the 197,000 that was expe...
02/05/2014
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The top spot at the Federal Reserve Bank of the U.S. switched to former Vice Chair Janet Yellen from outgoing Chief Ben Bernanke yesterday. Ms. Yellen is the first woman to be the Chairperson in its 100-year history and will guide the nation through the post recession era of the U.S. economy. In ...
02/04/2014
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Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans