Quick Search


view all


Any

Any

No Min.

No Max.

Homes by Email

Be the first to see new listings as soon as they hit the market!

Mortgage Daily News

New Home Sales End Three-Month Winning Streak, Still Up from 2018

Posted To: MND NewsWire

After three straight months of gains, April's new home sales were expected to give back a little and they did. The U.S. Census Bureau said sales of newly constructed homes were at a seasonally adjusted annual rate of 673,000 units, a 6.9 percent decline from March. The retrenchment was made even more likely by a significant upside revision to those March numbers; from 692,000 in the original estimate to 723,000, the highest number in at least a year. Despite April's decline, the month's sales pace is well above that in April 2018, up 7.0 percent from that estimate of 629,000. Analysts had predicted sales would slow to an annual rate between 640,000 and 696,000 units. The consensus of those polled by Econoday was 680,000. On a non-adjusted basis there were 66,000 newly constructed homes sold...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

MBS Day Ahead: And Now We're Trendless

Posted To: MBS Commentary

In the day just passed, bonds rallied somewhat sharply as headlines suggested Theresa May was soon to be ousted as Britain's prime minister. Is it possible that other headlines regarding American politics were having an effect? Maybe to a very small extent, but the lion's share of the movement was a British/European affair. In the day ahead, the only significant economic data is New Home Sales, seen coming in at 675k vs 692k previously at 10am ET. Even then, this is far from a reliable market mover. Traders will be far more interested in assessing whether or not the recent, 'unexpected' rally is an ephemeral, pre-holiday diversion, or something of substance. I ranted for a moment on the notion of a market movement being "unexpected" yesterday because clearly, it just...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Construction, Subservicer, Reverse Products; Technology Options Report

Posted To: Pipeline Press

As millions around the globe revel in World Turtle Day, others are more interested about what went on the hallway chatter at the MBA’s Secondary Conference as we see the low rates of 2019. How a few of the big banks (Wells, Chase, Flagstar, to name a few) saw their residential mortgage profit rebound dramatically in the first quarter. Capital markets folks wondering “did we learn anything ten years ago” as they watch the increase in interest of non-QM and “non-prime” products by MLOs. (The Mortgage Elements website lists the top Non-QM wholesale and correspondent lenders for each state and the country: Just click on the Non QM symbol, choose a state, and click go.) M&A and name changes are expected to continue (the latest example comes from North Carolina where...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Our Office
1582 Route 9
Moreau, NY 12828
(518) 743-1414
(518) 824-1132 Fax

Michael Pugh, Licensed Real Estate Broker
Email: mpugh@betterwayrealty.com

Our Location


© Copyright 2018 Better Way Realty | All Rights Reserved Privacy Policy | DMCA

Real Estate Broker for Cerrone Builders New Construction

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu