Do you have real estate questions? Curious what's going on in the market? Want to know where rates are hovering? Then join us for a LIVE Q&A.
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Market Overview - 9.30.2020:
Stock prices are up this morning with the Dow Jones up 1.7%, the S&P 500 up 1.4% and the Nasdaq up 1.6%. Better than expected jobs data, and fresh hope for a COVID stimulus deal are the two major drivers of the upwards pressure on stock prices today. Oil prices are up 24 cents per barrel in response to the potential for increased demand if the economy begins to recover more quickly. West Texas Intermediate crude oil is presently $40.49 per barrel.
In the bond markets, MBS prices are slightly down in almost all coupons. The U.S. Treasury 10-year bond is currently yielding 0.692%.
Market Details:
ADP Jobs Report. The private payroll firm ADP reported that the U.S. added 749,000 new jobs in September, which was better than the market’s prediction of 650,000 new jobs. This was also a clear improvement from August’s ADP report of 428,000 new jobs. The ADP data is based upon an extrapolation of data from ADP’s clients to attempt to measure all new U.S. jobs created. The markets will be comparing today’s favorable report to tomorrow’s more reliable Labor Department weekly initial jobless claims report to see if the U.S. economy is adding jobs faster than expected.
COVID Stimulus Bills. Today U.S. Treasury Secretary Stephen Mnuchin stated he would be making a fresh attempt with Congress to reach an agreement on the next stimulus bill. While prospects for quick agreement and passage are not great, it gave the stock markets a small glimmer of hope and this did create a slight upwards pressure on stock prices.
Final GDP Report for Q2. The final revised GDP for the U.S. economy in the second quarter came in at a negative 31.4%, just slightly better than the initial estimates of a negative 31.7% number, and slightly better than the market’s prediction that the final number would be the same as the initial number. This officially makes this the shortest and deepest recession in U.S. history presuming that the U.S. economy shows a positive GDP growth in the third quarter of this year. As a reminder, the official definition of a recession is two or more quarters of negative GDP growth.
Attached is a graph of GDP growth from 2008 to present. The farthest left red box is Q1 of 2008. The “Great Recession” officially started in Q3 of 2008 and lasted four quarters, until the first quarter of positive GDP growth in Q3 of 2009.
Personal Consumption Expenditures (PCE). The Q2 final report of Core PCE prices came out down 0.8%, not as bad as the market’s prediction of a decline of 1.0%. The PCE prices are a subset of consumer spending data that will be released tomorrow when the official PCE index is announced for August. This index measures prices paid by consumers for their household expenditures and is used by the markets as a measure of the inflation rate. The Federal Reserve also follow PCE as a key input for their monetary policy decisions. Today’s report reinforced the market’s perception that the Fed will not be seeing an inflation rate above 2.00% for the near future, and there would be no corresponding pressure for the Fed to raise rates any time soon.
Pending Home Sales. The August pending home sales came out this morning up 8.8%, above the market’s prediction of only a 3.4% increase for the month. This report along with the better than expected jobs report, and fresh market hopes for a stimulus bill are the drivers behind today’s stock price rally.
Tomorrow’s Numbers. In addition to the official PCE index, tomorrow we will also see weekly initial jobless claims with the markets predicting 850,000 new claims. We will also see Markit’s PMI index for manufacturing and the ISM price index data. Tomorrow could be a volatile stock market day if all of these reports come out surprisingly better or worse than the market’s predictions.
Jennifer Fiore, Senior Loan Officer, Guild Mortgage updated their business hours.
Jennifer Fiore, Senior Loan Officer, Guild Mortgage updated their phone number.
Market Overview:
Stocks are slightly down, despite better than expected consumer confidence levels reported this morning, as investors are discouraged by the prospect that Congress will not be able to reach any type of new stimulus agreement. The Dow Jones is down 0.16%, the S&P is down 0.16%, and the Nasdaq is up 0.10%.
In the bond markets, MBS prices are up slightly in almost all coupons. Oil is down 36 cents to $40.24 for West Texas Intermediate crude oil. The 10-year Treasury bond is currently yielding 0.646% which is its lowest level since September 3.
Market Details:
Consumer Confidence Index Survey. The Consumer Confidence Index (CCI) survey was released today for September, showing an index of 101.8, materially better than the market’s expectation of a 89.5 index number. This was the largest one month improvement in consumer confidence since April 2003. The survey is managed by the Conference Board which is a an independent business membership organization, and is conducted by Nielsen, who surveys 5,000 households every month. The survey is viewed to be the most accurate gauge of consumer confidence of any other market survey. There is debate amongst investors as whether the survey is a leading or a lagging indicator of future economic activity. Some investors view that consumers are just reacting to what has already happened to them, so that it does not predict where the economy is going. Other investors view this as a leading indicator of where the economy is going, as confident consumes are more likely to continue or increase their spending, which drives 70% of the total U.S. economy.
In a normal market, this news would have had a larger upwards price pressure on stocks. However, most stock investors are pessimistic over the upcoming Presidential debates which start tonight, and the chance of any stimulus bill being approved until after the election at the earliest. So stock prices did not move up as much due to this negative investor sentiment, even though this was the largest one month improvement in consumer confidence since April 2003
Below is the five year history graph of the CCI:
CaseShiller Home Price Survey. Independent firm CaseShiller released their price survey of 20 select U.S. housing markets for July. The annual rate of home price appreciation was 3.9%, slightly better than the market’s prediction of a 3.8% annual rate. The monthly rate of appreciation in July was 0.6%, which was better than the market’s prediction of a 0.3% monthly increase. This news did not drive stock prices up higher due to the small amount of positive increase above where the market expected the numbers to come out, and a survey of 20 home markets does not always reflect the entire country.
Stimulus Bills. House Democrats released a $2.2 trillion stimulus proposal yesterday evening. This is a lower total spending level than the previously approved $3.4 trillion bill approved by the Democrat-controlled House, and would restore the $600 per week in Federal jobless benefits which supplement the State’s benefits. The first Presidential debate is scheduled tonight, which the markets are expecting will likely sharpen the partisan divide in the U.S. and decrease the chances of any stimulus bill getting through Congress.
Tomorrow’s Numbers. On Wednesday we will see GDP final numbers for the second quarter of 2020 with the markets expecting an official reading of a 31.7% drop in U.S. GDP making this officially the deepest and shortest GDP decline in U.S. history. We will also see Core PCE and pending home sales data, which will be overshadowed by the GDP release and should have minimal market price impact.
Thursday’s Numbers. On October 1 the two most important numbers that the markets will be looking at are the August Personal Income and Consumption reports, and also the weekly initial jobless claims data. Stock prices could move on Thursday if these reports come out better or worse all in the same direction.
Market Update - 9.28.2020:
Stocks surged at open this morning as a weaker dollar and month end rebalancing came into play after 4 consecutive weeks of declines with the Dow up 1.7%. Volatility will remain elevated in the coming weeks due to rising concerns around coronavirus infections, the uneven pace of economic recovery, political (election) risks and tensions with China. MBS bonds are relatively stable today with the 10 year down slightly to 0.659%.
Market Detail
Fiscal Stimulus: House Speaker Pelosi announced on Sunday that there was still a chance for another coronavirus stimulus plan as they forged ahead with a smaller aid package of $2.4T. While this is still far apart from what the administration has signaled, they would accept, Treasury Secretary Mnuchin acknowledged that he and Pelosi had agreed to restart talks. Analysts believe there is little chance for the fiscal stimulus until after the election or early 2021 as the focus shifts to confirmation of a new Supreme Court justice.
Covid-19: Global cases topped 33 million with the official death toll nearing 1 million, though the real tally may be almost double that. Expectations are for a resurgence of cases into the winter season, which could trigger additional restrictions. This could impact global as well as national economic output.
Economics: There was minimal economic releases today with the only report being the Dallas Fed Manufacturing Activity which came in at 13.6 versus the expected 9.5, signaling expectations of continued expansion. The U.S. job data will be in focus this week as we look towards non-farm payrolls on Friday:
Tuesday – There is only one material release, the Consumer Confidence survey for September that is expected to show a 89.2 index value, above August’s 84.8 index.
Wednesday – The final GDP number for the second quarter will be released with the market’s predicting an official 31.7% drop. The Commerce Department previously provided an estimate of 31.7% and Wednesday’s number will be the final and official number. The news headlines on Wednesday should read “The largest quarterly GDP drop in a U.S. recession ever in history is confirmed”. As a reminder, a recession is defined as two consecutive quarters of negative GDP. This could be the deepest, but also the shortest recession in U.S. history.
Thursday – We will have four important releases on Thursday:
• The Personal Consumption report with the market expecting a 0.7% increase for August.
• The weekly initial jobless claims, with the markets not yet publishing a prediction from this week’s 870,000 number.
• The Markit PMI with no market prediction yet.
• The ISM Manufacturing PMI with a 56.2 index prediction for September, above August’s 56.0.
Friday - This will be a big day for the markets with five important data releases:
• Non-Farm Payrolls with a market prediction of an 850,000 increase for September, above August’s 1.371 million.
• The September Unemployment Rate with a prediction of 8.2%, down from the August 8.4%.
• The September Average Earnings Report with a prediction of a 0.2% increase, down from the 0.4% for August.
• The August Factory Orders Report with a prediction of a 1.3% increase over July’s 6.4% increase.
• The University of Michigan Consumer Sentiment Survey with a prediction of 78.9 for September, the same as August.
If there are material surprises in the Thursday or Friday reports, that all come out in the same good or bad direction for the economy, these will be the two most volatile market price days of the week. Most of the impact will be on stock prices, with a very reduced impact to MBS bond prices since the Fed’s daily MBS buying offsets most of the normal market supply and demand forces that otherwise would drive daily changes in MBS prices.
There’s lots that goes into buying a home. Join us to learn more!
Mary Thomas was live.
Yesterday at 12:14 PM ·
Digging a bit deeper
If you're on the fence about buying a home and the right time, I found this article to be insightful! Thanks HousingWire
HOUSINGWIRE.COM
Is 2021 a good time to buy a house? - HousingWire
Thanksgiving is one of my favorite holidays and I know it's going to look very different this year... However, this message really moved me.
For those of you who might not know John Israel is, AKA Mr. Thank You Project, check out his video for a simple way to share gratitude with those you love this Thanksgiving.
Who's with me? Comment below and let's share the love.
John Israel
November 11 at 5:33 PM ·
What if COVID was the best thing that happened to Thanksgiving?
I got off the phone with my brother, who has hosted Thanksgiving for the last 17 years. He is a front line healthcare worker, so, understandably, he opted out of hosting the family gathering this year.
My sister, who we’d also normally spend the day with, has “pre-existing conditions” so she is sticking at home with her daughter for the holiday.
For the first time, the Israel’s will be home alone for Thanksgiving. Not totally alone, we have 3 small children, and every dinner is practically like organizing Thanksgiving anyways, but you get the point…
There is a sadness not getting together with family, especially since the holidays are one of the few times we see each other anyways.
Thanksgiving will be “different” for most families this year. The elderly, or those with pre-existing conditions, or front line workers, or anyone else who holds concerns of contracting or spreading the Virus.
While thinking about this I couldn’t but imagine the collective sadness held by millions who will spend Thanksgiving alone, and or missing people at the dinner table. It almost feels like, “This is going to be the worst Thanksgiving ever!”
But what if…what if we made it a “Thanksgiving to Remember”
Here’s my idea…
1. Make a list of everyone you will not see this Thanksgiving.
2. Write an authentic, thoughtful, thank you card expressing what this person means to you.
3. Send Thank You cards to these individuals with a note on the clasp that says, “DON’T OPEN UNTIL THANKSGIVING DAY.”
4. Experience the magic of a true “Thanksgiving”
Imagine it! Dozens, hundreds, thousands, millions of Americans who would likely experience some form of sadness or depression this Thanksgiving, reading about how their life has mattered to someone else.
Especially families who are getting together, but you have an ailing relative. What if you ALL got together to write or send this individual a heartfelt, meaningful, thank you card. Imagine how that person’s Thanksgiving day would be transformed?
This could literally become a BETTER Thanksgiving than we have ever had in the past. Think about it…outside of saying what we are grateful for around the dinner table, how much of Thanksgiving is a true generous experience of gratitude? For most of us, it’s a little stressful, maybe a little boring…come on…you know you’ve made those extra long trips to the bathroom to “check out” from the family and check in to your Facebook feed.
What if this could be the most impactful, and purposeful Thanksgiving of your life.
If you are in, do 3 things:
1. Comment below “I’m in”
2. Share this post so others can
3. Join the “A Thanksgiving to Remember” Facebook group where people can post thoughts, questions, letters they’ve written, and I’ll be posting ideas to help make your cards and letters impactful.
Thank you for reading this whole post and please please please share so we can make this a Thanksgiving to Remember as a country.
DO NOT READ UNLESS YOU WANT TO BE INSPIRED:
This is Jim Thorpe. Look closely at the photo, you can see that he’s wearing different socks and shoes. This wasn’t a fashion statement. It was the 1912 Olympics, and Jim, an American Indian from Oklahoma represented the U.S. in track and field. On the morning of his competitions, his shoes went missing. Luckily, a teammate reportedly lent one shoe and he found another in the garbage. That’s the pair that he’s wearing in this photo. But one of the shoes was too big, so he had to wear an extra sock. Wearing these shoes, Jim won two gold medals that day.
This is a perfect reminder that you don’t have to resign to the excuses that have held you back. Life usually isn’t fair. Whatever you woke up with this morning; stolen shoes, ill health, failed relationships, don’t let it stop you from running your race. You can experience more in life when you get over the excuses and get on with living. You can have reasons or you can have results but you can’t have both.
#lovethis #mondaymotivation #mindset
It's always a party talking with these two about market updates and tidbits.
Curious about housing trends heading into the holidays (and beyond)? Have a listen and let me know if you have any questions!
YOUTUBE.COM
Digging a bit Deeper
It's a jungle out there, or at least that's what the current housing market feels like. Rates are historically low BUT we're also experiencing inventory shortages...
Why do I mention this? Because although it may feel impossible to purchase a home, especially as a first-time homebuyer, there are plenty of options.
It's important to find an experienced agent and lender who will guide you through the process as a team, and help you be the most competitive buyer when submitting offers.
HOUSINGWIRE.COM
NAR's Yun says median home price rising "much too fast" - HousingWire
FHFA has announced conforming loan limits have increased! Washoe County has been increased from $510,400 to $548,250! This gives borrowers more buying power, which is important in today's market.
Read the full announcement here: https://bit.ly/2UYapzg
At a time when we are in need of affordable housing options, this article from HousingWire offers solutions that go beyond traditional site-built models.
Check it out and send us your questions about becoming a homebuyer.
HOUSINGWIRE.COM
Here's how the housing industry can help younger home shoppers
Bird is the word and gratitude is our game! Happy Thanksgiving from the Fiore Team, we are so thankful for each of you!
JIBJAB.COM
Check out 'Bird's the Word' on JibJab.com
Are you or someone you know wanting to become a first-time homeowner?
Check out the HousingWire article below to help break down any confusion.
Still have questions? Message us, we'd love to help!
HOUSINGWIRE.COM
Top 5 mortgage terms to know before you buy a house - HousingWire
Happy holidays from the Fiore team! We hope you all have a safe and wonderful weekend and please enjoy this video for a laugh!
JIBJAB.COM
Check out 'Rockin' Around the Christmas Tree' on JibJab.com
Happy New Year's Eve everyone! Find out what to expect from the 2021 housing market with this article from HousingWire:
HOUSINGWIRE.COM
What to expect from the 2021 housing market - HousingWire
What is the first thing you should do once you've made the decision to purchase a home?
Find out with this video with Staci Nauman!
VIMEO.COM
So, you want to buy a home....
It's always a pleasure helping my clients, especially those who turn into friends! Thanks Patti!
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This #WisdomWednesday, we are talking about second homes. A second home is a residence that you intend to occupy, in addition to a primary residence, for part of the year. Typically, a second home is used as a vacation home.
Are you dreaming about owning your own getaway? Let's talk! Send me a message.
We're so happy we could help, Timothy! Thank you for the five star review!
Have you worked with the Fiore Team? Leave us a review on Google or Yelp! #TestimonialTuesday
Be loud and be proud this #MotivationMonday! Passion is important and attractive. Whatever is important to you - highlight that. Most likely it's also the very thing that will draw business and opportunity to you.
Quick and seamless - that's what we love to hear. Thank you for giving us the opportunity to help you Kasey!
Leave the Fiore Team a review on Google or Yelp and you could be featured on our next #TestimonialTuesday!
Hi all! I wanted to talk 2021 loan limits with you today. Watch the video for more information!
It's easy to find motivation when things are going perfectly, but life isn't usually perfect, am I right?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Strength is built in the hard times, when no one is watching and the only way forward is by digging deep. Although I've never met anyone who 'loves' hard times, it's in those moments that you look back later and realize how much you grew. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So today - take this #MotivationMonday advice with you and crush it!
There’s a common misconception that you need a 20% down payment to purchase a home. But the truth is, your down payment depends on your lender, credit score and the type of mortgage you qualify for.
Check out this article from HousingWire to learn more about down payments and send us a message to answer any questions!
HOUSINGWIRE.COM
How big of a down payment do you really need? - HousingWire
Knowing your 'WHY' and using it as motivation is powerful. Whenever I feel tired, overwhelmed, uninspired, fatigued - you name it - I go back to my why because it fuels me. I think it's easy to lose sight of your purpose, especially when you're plate is full.
#MotivationMonday Tip - write down your why and post it where you'll see it regularly. Maybe that's in your car, on your bathroom mirror, at your desk, etc. And don't forget - vision gives pain a purpose so don't lose sight of it!
Good morning friends! Check out this fun video Aaron Folta, a Guild Mortgage loan officer from Alabama, made about the operations of the mortgage industry! LOVE IT. Watch for a smile 😊
Coming at you with another #WisdomWednesday!
An investment property is one that you purchase with the intention of generating income. If you don't rent it out during the times you aren't there, that can be considered a second home.
Also, unlike a second home, an investment property can be located near your primary residence.
Do you have specific questions about an investment scenario? Message me and let's talk!
The Guild Giving Foundation is providing scholarship opportunities throughout the country and providing lucky applicants with $1,500 annually! Help spread the word by reading and sharing this post! 🎓
GUILDGIVING.ORG
SCHOLARSHIPS
Great news! The Federal Housing Administration just announced DACA recipients are now eligible for FHA financing!
Check out the announcement for more details: https://bddy.me/xxxxxx
I am excited to announce that David Battany, EVP of Capital Markets at Guild Mortgage, will be joining us next Wednesday, January 27th at 2 PM for a virtual Mastermind! Battany will be sharing housing and economic insights for 2021 and beyond. Click the link to register: https://bit.ly/3iziFk9
Whether you’re a first-time homebuyer or this is your fifth house, it’s a good idea to use an agent to ensure you make a smart decision.
Check out this article from HousingWire on how to pick the right one!
HOUSINGWIRE.COM
Need a real estate agent? Here's how to pick the right one - HousingWire
The answer to this #WisdomWednesday question depends upon many factors. Yes, interest rates can be higher when purchasing a second property; however, there are ways to ensure you get the best and lowest rate.
Want to take advantage of HISTORICALLY low rates? Let's chat.
Happy Wednesday everybody! Check out today's "Digging a Bit Deeper" with Mary Thomas from Thomas Real Estate Group and Tracy McLeod with First Centennial Title. We will be discussing which new programs and technologies to use in 2021!
YOUTUBE.COM
digging a bit deeper
Wow, Dane! Thank you for choosing the Fiore Team. It was a pleasure to work with you!
Have a review for the Fiore Team? Let us know on Google or Yelp! #TestimonialTuesday
Learn how refinancing a mortgage affects your credit with this article from Bankrate.com. Guild Mortgage's David Battany, Executive Vice President, Capital Markets shares important information! 😊
BANKRATE.COM
Does Refinancing A Mortgage Hurt Your Credit? | Bankrate
How do you know which mortgage lender is right for you? Check out this article from HousingWire for tips!
Keep in mind, you don't need a good credit score to find a lender, but the better your credit the better terms you'll likely receive! Questions? Send me a message!
HOUSINGWIRE.COM
5 tips for finding the right mortgage lender for you - HousingWire
Wow! It is an honor to be part of such a wonderful team and Guild Mortgage's President's Club for 2020. Thank you to everyone who was part of our success!
Last #WisdomWednesday in January!
If you use the place as a second home—rather than renting it out—interest on the mortgage is deductible within the same limits as the interest on the mortgage on your first home.
I always advise you speak with an accountant or tax professional before making any decisions though.
Have more questions? Message me and let's chat.
We're honored to have helped you and your clients, Lisa! Thank you for giving us the opportunity.
Leave us a review this #TestimonialTuesday on Yelp or Google!
Happy #MotivationMonday! The real estate industry thrives on perfection. Every deal must close without a hitch for the best offer and conditions. However, we all know things don't always go as planned 100% of the time. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Although it's important to strive for perfection, growth and progress should be the focus. If you do this, you'll gain so much more and become the best at what you do!
For this month's #WisdomWednesdays, we will be covering Jumbo loans!
A Jumbo loan is a home loan for an amount that exceeds the "conforming loan limit" set on mortgages eligible for purchase by Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that ultimately buy and administer most single-family-home mortgages in the U.S.
Wow, Osvaldo! We are so happy we could help. Thanks for the awesome review.
To be featured on our next #TestimonialTuesday, leave the Fiore Team a review on Facebook, Google or Yelp.
Happy #WisdomWednesday!
You can get a Jumbo loan with an overall credit score as low as 700, but higher scores give you more options.
It's also important to keep in mind every loan scenario is different so it's important to talk with a mortgage advisor to understand all your options.
You are extremely valued, Paul! Thank you so much for working with the Fiore Team, and for the five-star review.
Do you ever feel overwhelmed when thinking about where you're headed, what you're "supposed" to be doing, etcetera?
Paralysis by analysis is real - it can be easy to get caught up in the "coulda", "shoulda", "woulda". As the years have passed, however, I've realized that what's most important is that you simply begin, because where you start is not where you'll end. But you'll never arrive if you don't put one foot in front of the other.
So wherever you are, today, just begin. I bet you'll be surprised where you end up, for possibility is endless.
Good afternoon friends!
The Fiore Team is excited to announce that Guild Mortgage has been nominated for Reno Gazette Journal's Best of Reno: Best Mortgage Company!
Help the wonderful Guild Mortgage branches of Reno win this prestigious title by going online and voting once per day until Sunday, February 28th! Click here to vote now: https://bit.ly/2ZjOWTD
We're glad we could make it easy for you, Kim. That's what we love to do! Thanks for the review, we really appreciate it.
To be featured on our next #TestimonialTuesday, leave the Fiore Team a review on Facebook, Google or Yelp.
When you think you can, you always will. Now go get 'em!
#MotivationMonday
Thanks for the five-star review, Andrew! We're so glad we could help!
If buying a home is on your radar for 2021, there are still ways to do it in our current seller's market. You’ll just need some extra preparation and a trusted team to help make it happen!
Take a look at these 5 tips for buying from HousingWire and send us a message with your questions! We would love to help. 😊
HOUSINGWIRE.COM
5 tips for buying a home in a seller’s housing market - HousingWire
When you think you can't, just remember that you absolutely can.
#MotivationMonday
Happy Friday friends! We need your help to vote Guild Mortgage as Reno Gazette Journal's Best of Reno: Best Mortgage Company!
Submit your vote once a day until February 28th at: https://bit.ly/2ZjOWTD
If you love keeping up on the real estate market, but don't have time to read online articles, check out these five podcasts from HousingWire! Have questions about our local market? Send us a DM. 😊
HOUSINGWIRE.COM
These are the top 5 real estate podcasts - HousingWire
Join me, Mary Thomas from Thomas Real Estate Group and Tracy McLeod with First Centennial Title for another "Digging a Bit Deeper" about buyer's due diligence and what that means!
Have questions? Send me a DM. 😃
YOUTUBE.COM
digging a bit deeper
Often, you will not have to pay PMI on Jumbo loans, as they usually require a higher down payment. PMI is designed for home buyers who make low down payments.
However, since the down payment requirement will vary by lender, it is possible that your lender will require PMI in exchange for a lower down payment.
If you're considering a home that requires a Jumbo loan, I'd love to answer any questions for you!
#WisdomWednesday
Time is running out! Make sure to vote Guild Mortgage for Reno Gazette Journal's Best Of: Best Mortgage Company! The public is invited to go online and vote once per day until SUNDAY, February 28th. Vote now: https://bit.ly/3kl9iFx
Experts see even better days ahead within the housing market as inventory returns in spring! Learn more with this article from HousingWire:
HOUSINGWIRE.COM
Millennials are driving US home sales - HousingWire
Jumbo loans typically have much higher down payment requirements compared to conventional loans. It's common to see lenders require 20% down on jumbo loans for single-family units. Some options allow for a down payment lower than 20%, so talk with your lender to understand the best scenario.
Questions? Let's connect.
TODAY: Join The Fiore Team for a virtual Mastermind with Homebot CEO, Ernie Graham, at 2 PM PST!
Homebot is an innovative technology that allows lenders, agents and their clients to keep in touch in a matter of seconds.
Register now to secure your spot: https://bit.ly/3qutvLm
Thank you for the opportunity to help you, Carolyn. We love to make the process and quick and simple as possible. Thanks for the review!
When you think you can't, just remember that you absolutely can.
#MotivationMonday
Jennifer Fiore, Senior Loan Officer, Guild Mortgage updated their info in the about section.
Although we are living in a seller's market at the moment, it is always important to present your home in a way that will help it sell quicker, and help you get a higher bid.
Check out this list of cosmetic tweaks from HousingWire:
HOUSINGWIRE.COM
Cosmetic tweaks to help sell your house fast - HousingWire
This month, I will be talking refinancing every #WisdomWednesday! A home refinance in simple speak is replacing an existing loan with a new loan under new terms.
There are many reasons to refinance your loan - especially if you currently have a high interest rate. Just like no two fingerprints are the same, no two home loans or scenarios are exactly the same, which is why it's important to speak with an experienced mortgage advisor to see if a refinance aligns with your financial goals.
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Curious about your scenario? Let's chat - I'd love to help.
Thank you, Melissa! We are so grateful for you!
Have you worked with the Fiore Team? Leave us a review on Facebook, Google or Yelp!
I am proud to announce that Guild Mortgage has been named Nevada's #1 lender for purchases and refinances! We are so thankful to be able to help so many families in our wonderful state (over 10,000 last year to be more precise). I am grateful to be part of such an incredible company and have such an amazing team! 🎉
Guild Mortgage Mountain West: Make Guild Your Home is with Brandon Vincent Alexander and 24 others.
March 2 at 10:36 AM ·
🎉 Check it out.... we are Nevada's #1 lender for purchases and refinances! We are absolutely blown away and so honored to serve over 10,000 Nevada families last year. This milestone wouldn't have been possible if it wasn't for our customers, partners and our AMAZING team! Thank you from the bottom of our hearts. 💙 #guildmortgage #nevadaslender
It's #MotivationMonday and the beginning of a new month, which means I'm super pumped up to take on the day!
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So join me and let's do it!
Are you currently thinking about buying a home or refinancing your existing mortgage? Check out these three underrated mortgage products from HousingWire!
There are a ton of mortgage options out there, so be sure to talk to a mortgage broker or loan officer for guidance! Send me a DM. 😁
HOUSINGWIRE.COM
3 underrated mortgage products to consider - HousingWire
Happy #WisdomWednesday!
When does it make sense to refinance your home loan? This really depends on your financial goals.
Could you benefit from a lower interest rate? In most cases the answer is yes.
Do you have equity in your home and want to make some improvements? A cash-out refi may be a great option.
Have you had a change in income and want to shorten your loan term from 30 years to 15? Then a rate and term refi could help you accomplish that!
If you own a home and would like to take advantage of our historically low rate, let's talk! Send me a DM.
Wow, Shawn! Thanks for the five-star review. We're so happy to help!
Leave us a review on Facebook, Google or Yelp! We'd love your feedback.
Jennifer Fiore, Senior Loan Officer, Guild Mortgage updated their info in the about section.
Although we are living in a seller's market at the moment, it is always important to present your home in a way that will help it sell quicker, and help you get a higher bid.
Check out this list of cosmetic tweaks from HousingWire:
HOUSINGWIRE.COM
Cosmetic tweaks to help sell your house fast - HousingWire
This month, I will be talking refinancing every #WisdomWednesday! A home refinance in simple speak is replacing an existing loan with a new loan under new terms.
There are many reasons to refinance your loan - especially if you currently have a high interest rate. Just like no two fingerprints are the same, no two home loans or scenarios are exactly the same, which is why it's important to speak with an experienced mortgage advisor to see if a refinance aligns with your financial goals.
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Curious about your scenario? Let's chat - I'd love to help.
Check out today's "Digging a Bit Deeper" with Mary Thomas and Tracy McLeod! We will be talking about manufactured homes and what to look out for as a buyer! Have questions? Send me a message.
Mary Thomas is with Jennifer Rogers Fiore.
3 hrs ·
Join myself ,Jennifer Fiore with Guild mortgage ,& Tracy McLeod First Centennial Title Company for this months digging a bit deeper!!This month will be talking a little bit more in depth of manufactured houses what that means for you the buyer or seller what items to look out for and so much more check it out and let us know what you think please do not hesitate to reach out with any questions if we can help you regarding manufactured homes!
You are so welcome, Melissa! Thanks for the opportunity to help.
How was your experience with the Fiore Team? Leave us a review on Facebook, Google or Yelp!
A cash out refi allows you to take some of the equity out of your home and use it to consolidate debt, make home improvements, etc. A home equity line of credit (HELOC) has a variable rate and is more risky, in my opinion.
There's advantages and strategy behind both loans, which is why it's really important to talk with an experience mortgage professional who understands your financial goals so that you can make the best decision possible.
Curious what rate you could get? Let's chat - send me a DM.
#WisdomWednesday
Spring is right around the corner, and life is beautiful!
When you feel yourself getting overworked or overwhelmed, take a step back, take a deep breath and take a moment to be grateful for your life and all of its blessings.
Happy #MotivationMonday all!
Homeowners lose billions of dollars in wealth every year because they are making poorly timed home finance decisions. Get personalized expert advice and learn your home's value in a matter of seconds with Homebot by following these steps! Have questions? Send me a message and let's get you set up!
Are you currently thinking about buying a home or refinancing your existing mortgage? Check out these three underrated mortgage products from HousingWire!
There are a ton of mortgage options out there, so be sure to talk to a mortgage broker or loan officer for guidance! Send me a DM. 😁
HOUSINGWIRE.COM
3 underrated mortgage products to consider - HousingWire
Progress over perfection. Step by step. You are your best investment, so make sure to invest in becoming your best self! #MotivationMonday
Progress over perfection. Step by step. You are your best investment, so make sure to invest in becoming your best self! #MotivationMonday
Check out today's "Digging a Bit Deeper" with Mary Thomas and Tracy McLeod! We will be talking about manufactured homes and what to look out for as a buyer! Have questions? Send me a message.
Mary Thomas is with Jennifer Rogers Fiore.
March 17 at 12:33 PM ·
Join myself ,Jennifer Fiore with Guild mortgage ,& Tracy McLeod First Centennial Title Company for this months digging a bit deeper!!This month will be talking a little bit more in depth of manufactured houses what that means for you the buyer or seller what items to look out for and so much more check it out and let us know what you think please do not hesitate to reach out with any questions if we can help you regarding manufactured homes!
You are so welcome, Melissa! Thanks for the opportunity to help.
How was your experience with the Fiore Team? Leave us a review on Facebook, Google or Yelp!
A cash out refi allows you to take some of the equity out of your home and use it to consolidate debt, make home improvements, etc. A home equity line of credit (HELOC) has a variable rate and is more risky, in my opinion.
There's advantages and strategy behind both loans, which is why it's really important to talk with an experience mortgage professional who understands your financial goals so that you can make the best decision possible.
Curious what rate you could get? Let's chat - send me a DM.
#WisdomWednesday
Spring is right around the corner, and life is beautiful!
When you feel yourself getting overworked or overwhelmed, take a step back, take a deep breath and take a moment to be grateful for your life and all of its blessings.
Happy #MotivationMonday all!
Yes you can! And you will. Believing is half the battle. You've got this!
Happy #MotivationMonday!
Jennifer Fiore, Senior Loan Officer, Guild Mortgage updated their info in the about section.
People of all ages may face issues with debt when looking to buy a home. However, millennials have been hit especially hard with student loan debt in recent years. If you are wondering whether or not you should pay off your student loans before buying a home, check out this article from HousingWire and send me a DM with your questions!
HOUSINGWIRE.COM
Should I pay off student loans before buying my first home? - HousingWire
Are you or someone you know looking to buy a home for the first time? Check out these "mistakes to avoid" from HousingWire and send me a message with your homebuying questions. I'd love to help! 😀
HOUSINGWIRE.COM
5 first-time homebuyer mistakes to avoid - HousingWire
this #WisdomWednesday, we are talking rate and term refinances!
One of the best reasons to refinance is to lower the interest rate on your existing loan and/or shorten the loan term.
Historically, the rule of thumb is that refinancing is a good idea if you can reduce your interest rate by at least 1%.
Reducing your interest rate not only helps you save money, but it also increases the rate at which you can build equity in your home, and it can decrease the size of your monthly payment.
Could you benefit from a lower interest rate? Let's review your mortgage to find out. Shoot me a DM.
We are so glad we could make the process worry-free, Todd!
Leave us a review on Facebook, Google or Yelp and you could be featured on our next #TestimonialTuesday!
