Housing Market + Economy

Sept. 16, 2020

Is Now a Good Time to Move?

Is Now a Good Time to Move?

Is Now a Good Time to Move? | MyKCM

How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in ...

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Sept. 9, 2020

Homebuyer Traffic Is on the Rise

 

Homebuyer Traffic Is on the Rise | MyKCM

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase ...

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Sept. 2, 2020

Why Is It so Important to Be Pre-Approved in the Homebuying Process?

 

Why Is It so Important to Be Pre-Approved in the Homebuying Process? | MyKCM

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s ...

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Aug. 31, 2020

Interest Rate Update: Week of August 31

Good Monday Morning!

This could be an interesting week for the mortgage bond market, we are going to receive a lot of economic data and many Wall Street traders will be out of the office early in the week ahead of the long weekend. We could see more volatility than ...

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Aug. 26, 2020

Three Ways to Win in a Bidding War

 

Three Ways to Win in a Bidding War | MyKCM

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently ...

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Aug. 24, 2020

Interest Rate Update: Week of August 24th

Good Monday Morning!

 

The stock markets are starting the week out in positive territory primarily due to news that Pfizer and BioNTech have each announced they will conclude their third round of clinical trials and submit vaccines for formal approval as early as October. The Nasdaq, which has a ...

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Aug. 19, 2020

Mortgage Rates & Payments by Decade

 

Mortgage Rates & Payments by Decade [INFOGRAPHIC] | MyKCM

Some Highlights

  • Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low.
  • Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant.
  • Let’s connect to determine the ...
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Aug. 17, 2020

Interest Rate Update: Week of August 17th

This blog post information provided graciously to us by:

 

Carrie Wilkinson

Home Mortgage Consultant

Military Lending Specialist

NMLSR ID 408641

Wells Fargo Home Mortgage | 2215 N. 30th St., Suite 100 | Tacoma, WA 98403

MAC P6678-010

Tel 253-274-4910 | Cell 253-961-5138

carrie.wilkinson@wellsfargo.com | www.wfhm.com/carrie-wilkinson

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Aug. 12, 2020

Why Foreclosures Won’t Crush the Housing Market Next Year

 

Why Foreclosures Won’t Crush the Housing Market Next Year | MyKCM

With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current ...

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Aug. 10, 2020

Interest Rate Update: Week of August 10th

Good Monday Afternoon! The Employment Report for July showed an increase of 1.763M jobs, exceeding the markets’ expectation of 1.6M jobs. The Unemployment Rate dropped to 10.2% beating expectations of 10.5%. It is interesting to realize that the lowest Unemployment Rate in the last 10 years ...

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