Virginia Mortgage Loans

Do today’s rising costs have you considering moving to a smaller home? Downsizing can have a lot of benefits. Not only are smaller homes generally more affordable, but they also typically come with lower bills and less upkeep. If that sounds appealing to you, DM me today. #downsizing #confidentdecisions www.DanFreshley.com http://dlvr.it/SpTk7f

Do today’s rising costs have you considering moving to a smaller home? Downsizing can have a lot of benefits. Not only are smaller homes generally more affordable, but they also typically come with lower bills and less upkeep. If that sounds appealing to you, DM me today. #downsizing #confidentdecisions www.DanFreshley.com

#ForBuyers Why Buying a Vacation Home Beats Renting One This Summer: For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. http://dlvr.it/SpTLfD

#ForBuyers Why Buying a Vacation Home Beats Renting One This Summer: For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. http://dlvr.it/SpTLfD http://dlvr.it/SpTLzK

Why Buying a Vacation Home Beats Renting One This Summer

For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. http://dlvr.it/SpTLh4

Why Buyers Need an Expert Agent by Their Side

May 22, 2023

The process of buying a home can feel a bit intimidating, even under normal circumstances. http://dlvr.it/SpQNt3

What You Need To Know About Home Price News NAR will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. Here’s why using the median home price as a gauge of what’s happening with home values isn’t ideal right now. According to the Center for Real Studies at Wichita State University, “The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less. While this is a good measure of the typical sale price, it is not very useful for measuring home price appreciation because it is affected by the ‘composition’ of homes that have sold. For example, if more lower-priced homes have sold recently, the median sale price would decline (because the “middle” home is now a lower-priced home), even if the value of each individual home is rising.” People buy homes based on their monthly mortgage payment, not the price of the house. When mortgage rates go up, they have to buy a less expensive home to keep the monthly expense affordable. More ‘less-expensive’ houses are selling right now, and that’s causing the median price to decline. But that doesn’t mean any single house lost value. Even NAR, an organization that reports on median prices, acknowledges there are limitations to what this type of data can show you. NAR explains, “Changes in the composition of sales can distort median price data.” Actual home values are going up in most markets. The median value reported tomorrow might tell a different story. For a more in-depth understanding of home price movements, DM me. #expertanswers #stayinformed www.DanFreshley.com

May 21, 2023

What You Need To Know About Home Price News NAR will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. Here’s why using the median home price as a gauge of what’s happening with home values isn’t ideal right now. According to the Center for Real Studies at Wichita State University, “The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less. While this is a good measure of the typical sale price, it is not very useful for measuring home price appreciation because it is affected by the ...

Powerful Job Market Fuels Homebuyer Demand

May 18, 2023

The spring housing market has been surprisingly active this year. http://dlvr.it/SpDHpV

The Impact of Inflation on Mortgage Rates If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. While the Fed’s actions don’t directly dictate what happens with mortgage rates, their decisions do have an impact and contributed to the intentional cooldown in the housing market last year. During times of high inflation, your everyday expenses go up. That means you’ve likely felt the pinch at the gas pump and in the grocery store. By raising the Federal Funds Rate, the Fed is actively trying to lower inflation. If the Fed is successful, it could also ultimately lead to lower mortgage rates and better homebuying affordability for you. That’s because when inflation is high, mortgage rates tend to be high. But, as inflation cools, experts say mortgage rates will likely fall. Moving forward, both inflation and mortgage rates will continue to impact the housing market. And as Lawrence Yun at NAR says, “Mortgage rates are likely to descend lower later in the year as the consumer price inflation calms down . . .” While there’s no way to say with certainty where mortgage rates will go from here, the experts think mortgage rates will trend down this year if inflation comes down too. To stay informed on the latest insights, DM me. #realestate #homeownership #homebuying www.DanFreshley.com

May 14, 2023

ICYMI: The Impact of Inflation on Mortgage Rates If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. While the Fed’s actions don’t directly dictate what happens with mortgage rates, their decisions do have an impact and contributed to the intentional cooldown in the housing market last year. During times of high inflation, your everyday expenses go up. That means you’ve likely felt the pinch at the gas pump and in the grocery store. By raising the Federal Funds Rate, the Fed is actively trying to lower inflation. If th...

Why Today’s Housing Market Is Not About To Crash There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why. >>It’s Harder To Get a Loan Now It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Things are different now as purchasers face increasingly higher standards from mortgage companies. >>Unemployment Recovered Faster This Time While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already recovered back to pre-pandemic... #realestate #homeownership #homebuying www.DanFreshley.com

May 14, 2023

Why Today’s Housing Market Is Not About To Crash There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why. >>It’s Harder To Get a Loan Now It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Things are different now as purchasers face increasingly higher standards from mortgage companies. >>Unemployment Recovered Faster This Time While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already recovered back to pre-pandemic... #realestate #homeownership #homebuying www.DanFreshley.com http://dlvr.it/Sp1Ts...

Why Today’s Housing Market Is Not About To Crash There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why. >>It’s Harder To Get a Loan Now It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Things are different now as purchasers face increasingly higher standards from mortgage companies. >>Unemployment Recovered Faster This Time While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already recovered back to pre-pandemic levels. Because so many people are employed today, there’s less risk of homeowners facing hardship and defaulting on their loans. >>There Are Far Fewer Homes for Sale Today There were also too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to fall dramatically. Today, there’s a shortage of inventory available overall, primarily due to years of underbuilding homes. >>Equity Levels Are Near Record Highs That low inventory of homes for sale helped keep upward pressure on home prices over the course of the pandemic. As a result, homeowners today have near-record amounts of equity. And, that equity puts them in a much stronger position compared to the Great Recession. Molly Boesel at CoreLogic explains, “Most homeowners are well positioned to weather a shallow recession.” #realestate #homeownership #homebuying www.DanFreshley.com

May 14, 2023

Why Today’s Housing Market Is Not About To Crash There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why. >>It’s Harder To Get a Loan Now It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Things are different now as purchasers face increasingly higher standards from mortgage companies. >>Unemployment Recovered Faster This Time While the pandemic caused unemployment to spike over the last couple of years, the jobless rate has already recovered back to pre-pandemic levels. Because so many people are employed today, there’s less risk of homeowners f...

The Impact of Inflation on Mortgage Rates If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. While the Fed’s actions don’t directly dictate what happens with mortgage rates, their decisions do have an impact and contributed to the intentional cooldown in the housing market last year. During times of high inflation, your everyday expenses go up. That means you’ve likely felt the pinch at the gas pump and in the grocery store. By raising the Federal Funds Rate, the Fed is actively trying to lower inflation. If the Fed is successful, it could also ultimately lead to lower mortgage rates and better homebuying affordability for you. That’s because when inflation is high, mortgage rates tend to be high. But, as inflation cools, experts say mortgage rates will likely fall. Moving forward, both inflation and mortgage rates will continue to impact the housing market. And as Lawrence Yun at NAR says, “Mortgage rates are likely to descend lower later in the year as the consumer price inflation calms down . . .” While there’s no way to say with certainty where mortgage rates will go from here, the experts think mortgage rates will trend down this year if inflation comes down too. To stay informed on the latest insights, DM me. #realestate #homeownership #homebuying www.DanFreshley.com

May 13, 2023

The Impact of Inflation on Mortgage Rates If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. While the Fed’s working hard to lower inflation, the latest data shows that, while the number has improved some, the inflation rate is still higher than the target (2%). That played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. While the Fed’s actions don’t directly dictate what happens with mortgage rates, their decisions do have an impact and contributed to the intentional cooldown in the housing market last year. During times of high inflation, your everyday expenses go up. That means you’ve likely felt the pinch at the gas pump and in the grocery store. By raising the Federal Funds Rate, the Fed is actively trying to lower inflation. If the Fed i...

#ForBuyers #ForSellers #Infographics #Pricing #HousingMarketUpdates The Worst of the Home Price Declines Is Behind Us [INFOGRAPHIC]: While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. http://dlvr.it/Snwjyd

May 13, 2023

ICYMI: #ForBuyers #ForSellers #Infographics #Pricing #HousingMarketUpdates The Worst of the Home Price Declines Is Behind Us [INFOGRAPHIC]: While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. http://dlvr.it/Snwjyd http://dlvr.it/SnzJbx

The Worst of the Home Price Declines Is Behind Us [INFOGRAPHIC] While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing back up. If you put your plans to move on hold waiting to see what would happen with home prices, DM me to discuss if now’s the right time to jump back in. #realestate #homeownership #homebuying www.DanFreshley.com

The Worst of the Home Price Declines Is Behind Us [INFOGRAPHIC] While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing back up. If you put your plans to move on hold waiting to see what would happen with home prices, DM me to discuss if now’s the right time to jump back in. #realestate #homeownership #homebuying www.DanFreshley.com http://dlvr.it/SnxKph

TPO Products; CRM, Pre-Qual, Retention, QC, Marketing Tools; Events and Training

If I had a dollar for every time someone called me a boring nerd, I'd have a mean daily income of $5.64 with a standard deviation of $1.25. Turning “boring” into “interesting” is something to be proud of. How about a hand-held miniature chainsaw or a shopping cart with a magnifying glass attached for reading labels? For loan originators, new and old, who think creativity has vanished from residential lending, maybe they should focus on the basics. This eBook has been recommended to me: “The Ultimate Borrower Communications Strategy for Mortgage Lenders.” I recently received this note from a successful loan officer. “Rob, my commissions in 2020 and 2021 were over $500k each year. In 2022 they dropped about 50 percent to about $250k. 2023 promises to be even lower, and I’ll be lucky to make $200k. Are you seeing this everywhere?” Yes, I am. But keep things in perspective. In the U.S., and certainly in the world, $200k puts you into top percentile, well above the middle class. Speakin...

#ForBuyers #ForSellers #Infographics #Pricing #HousingMarketUpdates The Worst of the Home Price Declines Is Behind Us [INFOGRAPHIC]: While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. http://dlvr.it/Snwjyd

#ForBuyers #ForSellers #Infographics #Pricing #HousingMarketUpdates The Worst of the Home Price Declines Is Behind Us [INFOGRAPHIC]: While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. http://dlvr.it/Snwjyd http://dlvr.it/SnwkMq

The Worst of the Home Price Declines Is Behind Us [INFOGRAPHIC]

While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. http://dlvr.it/Snwjx0

#ForBuyers #ForSellers #Foreclosures #HousingMarketUpdates Why Today’s Housing Market Is Not About To Crash: There’s been some concern lately that the housing market is headed for a crash. http://dlvr.it/Snlw3l

May 09, 2023

#ForBuyers #ForSellers #Foreclosures #HousingMarketUpdates Why Today’s Housing Market Is Not About To Crash: There’s been some concern lately that the housing market is headed for a crash. http://dlvr.it/Snlw3l http://dlvr.it/Snlwht

#ForBuyers #HousingMarketUpdates #NewConstruction It May Be Time To Consider a Newly Built Home: If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. http://dlvr.it/Snj2qS

May 09, 2023

ICYMI: #ForBuyers #HousingMarketUpdates #NewConstruction It May Be Time To Consider a Newly Built Home: If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. http://dlvr.it/Snj2qS http://dlvr.it/SnlwTv

Why Today’s Housing Market Is Not About To Crash

May 09, 2023

There’s been some concern lately that the housing market is headed for a crash. http://dlvr.it/Snlw3L

Have you been thinking about making a move? Even with today’s higher mortgage rates, it may still make sense to do so. That’s because your needs and lifestyle are also a factor. Maybe you need more space, or perhaps you just want something newer. Whatever your motivation, let’s work together to sell your current house and find the home that’s right for you. #makememove #homegoals #housegoals www.DanFreshley.com

May 08, 2023

ICYMI: Have you been thinking about making a move? Even with today’s higher mortgage rates, it may still make sense to do so. That’s because your needs and lifestyle are also a factor. Maybe you need more space, or perhaps you just want something newer. Whatever your motivation, let’s work together to sell your current house and find the home that’s right for you. #makememove #homegoals #housegoals www.DanFreshley.com http://dlvr.it/SnjQ5G

#ForBuyers #HousingMarketUpdates #NewConstruction It May Be Time To Consider a Newly Built Home: If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. http://dlvr.it/Snj2qS

May 08, 2023

#ForBuyers #HousingMarketUpdates #NewConstruction It May Be Time To Consider a Newly Built Home: If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. http://dlvr.it/Snj2qS http://dlvr.it/Snj3Ct

It May Be Time To Consider a Newly Built Home

May 08, 2023

If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. http://dlvr.it/Snj2qw

Have you been thinking about making a move? Even with today’s higher mortgage rates, it may still make sense to do so. That’s because your needs and lifestyle are also a factor. Maybe you need more space, or perhaps you just want something newer. Whatever your motivation, let’s work together to sell your current house and find the home that’s right for you. #makememove #homegoals #housegoals www.DanFreshley.com

May 07, 2023

Have you been thinking about making a move? Even with today’s higher mortgage rates, it may still make sense to do so. That’s because your needs and lifestyle are also a factor. Maybe you need more space, or perhaps you just want something newer. Whatever your motivation, let’s work together to sell your current house and find the home that’s right for you. #makememove #homegoals #housegoals www.DanFreshley.com http://dlvr.it/Sng28v

Here are just some of the financial benefits that come with owning your own home. Homeownership enables you to stabilize your housing payment via a fixed rate mortgage, helps you build your net worth, and gives you an asset that typically gains value over time. DM me so we can start your homebuying journey today. #investinyourfuture www.DanFreshley.com

May 06, 2023

Here are just some of the financial benefits that come with owning your own home. Homeownership enables you to stabilize your housing payment via a fixed rate mortgage, helps you build your net worth, and gives you an asset that typically gains value over time. DM me so we can start your homebuying journey today. #investinyourfuture www.DanFreshley.com http://dlvr.it/Snd3KN

Fulfillment, Benchmark, Servicing, Home Equity Tools; Disaster Updates; More Banks in Turmoil

Inflation? Yes, inflation! Yesterday I flew from San Francisco to Cody, Wyoming for the WMLA Conference, and indulged in a breakfast at SFO of a slice of banana bread and one of those yogurt/granola/berry cups, heavy on the plastic packaging. $14.30! Granted, airport chow is not the most cost-effective way to eat, but still… Jobs and housing drive our economy in the United States, and tomorrow we receive the monthly jobs data. What are they making out there? Serving up slices of banana bread, airport food service employees start at $14/hour. A UPS package-car driver starts at $21/hour, and a driver with four years on the job can make about $42/hour, with an average driver earning $95,000/year with benefits. Freddie Mac made more than that per hour in the first quarter, and its 10-Q showed a net income of $2.0 billion, a decrease of 47% year-over-year, primarily driven by lower net revenues and a credit reserve build in the current period compared to a credit reserve release in the prio...

How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration. When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. If you’re thinking about downsizing, ask yo... #expertanswers #stayinformed www.DanFreshley.com

How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration. When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. If you’re thinking about downsizing, ask yo... #expertanswers #stayinformed www.DanFreshley.com http://dlvr.it/SnWjbj

How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration. When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. If you’re thinking about downsizing, ask yourself these questions: >>Do the original reasons I bought my current house still stand, or have my needs changed since then? >>Do I really need and want the space I have right now, or could somewhere smaller be a better fit? >>What are my housing expenses right now, and how much do I want to try to save by downsizing? Once you know the answers to these questions, DM me to get an answer to this one: What are my options in the market right now? I can walk you through how much equity you have in your house and how it positions you to win when you downsize. #expertanswers #stayinformed www.DanFreshley.com

How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration. When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. If you’re thinking about downsizing, ask yourself these questions: >>Do the original reasons I bought my current house stil...

#ForBuyers #ForSellers #Demographics How Homeowners Win When They Downsize: Downsizing has long been a popular option when homeowners reach retirement age. http://dlvr.it/SnWKNm

#ForBuyers #ForSellers #Demographics How Homeowners Win When They Downsize: Downsizing has long been a popular option when homeowners reach retirement age. http://dlvr.it/SnWKNm http://dlvr.it/SnWKrF

How Homeowners Win When They Downsize