Author Archives: lyntrayte

Rates go Down, but Things are Looking Up

  Fannie Mae and Freddie Mac backed mortgages are hitting a 15-year high, according to the July 2017 Housing Finance at a Glance Monthly Chartbook recently released by Urban Institute. The share from 2007 to 2013 was approximately 40 percent, but Q1 2017 is reflecting an increase to 47.8 percent. This is one of the […]

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June Monthly Marketing Report

Check out the Top 10 Reasons why Buyers Purchase a Home

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CLICK HERE for my Monthly Market Update Video

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Strong Equity Gains are Giving Homeowners More Options

Residential homes in the United States have experienced strong equity gains in the last three years, and a recent survey indicates that they expect the equity gains to continue in 2016.  In a new survey conducted by loanDepot released Monday, 60 percent of respondents said their homes have gained equity in since 2013 as the housing […]

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Renters are Looking Older these Days

Rental applicants tend to conjure up images of recent college grads looking to start their life in the real world. But Millennials are facing increased competition from people who have already spent decades in adulthood, and may have better credit and higher income. Since 2005, there has been an uptick in renters, with people in […]

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INCREDIBLE NEW LISTING IN CAVE CREEK

This incredible 5863sf estate sits on 4+acres with mountain views and boasts 5 bedrooms & 6 1/2 baths including an attached guest casita with it’s own entrance.  What makes this home unique, aside from the high end finishes and comfortable floorplan, are the multiple garages which can hold up to 12 cars, including a 2 […]

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Another Rate Hike in the Future???

Many in the mortgage industry were anxiously waiting to view the results of the final jobs report of 2015 to see if the Federal Reserve was on track with the timing of its long-awaited December rate hike or if the central bank acted too quickly. The Bureau of Labor Statistics (BLS) reported better-than-expected job gains […]

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Why new slow-it-down mortgage rules may be a good thing…

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Catherine Reagor, The Republic | azcentral.com 1:28 p.m. MST October 8, 2015 If you are looking for a house now, it’s likely going to take a little longer to get a mortgage to buy it. The expected delay is due to a new federal rule that’s supposed to give consumers more protection when they are making one of their […]

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TRID: Into the Great Unknown

Amid all the consternation about the looming TILA-RESPA Integrated Disclosure (TRID) Rule effective date of October 3, one analyst believes that the biggest unknown about TRID is just that—unknown. Until October 3, buyers will use the HUD-1 Settlement Statement containing a good faith estimate for closing the loan that has been in use for 40 years; […]

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Housing Experienced a Supply and Demand Conflict in May

The housing market experience experienced a “conflict” between supply and demand in May as increased home values resulted in sales, which subsequently increased supply – but at the same time, lack of affordability and economic uncertainty reduced demand, according to First American Chief Economist Mark Fleming. The market capacity for existing-home sales increased by 0.3 […]

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