Mortgage Report Bob Mortgage New

What’s bad for the stock market is good for bonds and mortgage rates, says BobMortgage in the latest Mortgage Report brought to you by Wallick & Volk. But what will the stock market do? How much will the fallout of a very crucial healthcare policy vote influence mortgage rates?

You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk, the nation’s oldest privately-held mortgage company. Bob Johnson has helped more than 25,000 families get into the homes of their dreams, in 20 plus years of lending service.

Now with five offices across the DFW Metroplex, the nation’s oldest mortgage firm is helping thousands of consumers get into homes with the most up-to-date financial information possible. Wallick & Volk brings experience and integrity into every single loan, but they also deliver a highly personalized touch that conforms to each client’s need. Is it speed of delivery, unique products, total transaction transparency, or great pricing you need? Wallick & Volk has it all in a broker-friendly banking platform that can do the impossible when it comes to home financing.

THIS WEEK: The stock market’s direction after the healthcare policy vote will hold the key to mortgage rates. What is the outcome?

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Mortgage Report Bob Mortgage New

Just as expected, the Fed increased interest rates by 25 basis points, says BobMortgage in this week’s Mortgage Report from Wallick & Volk. Will that upset the mortgage market?

You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk, the nation’s oldest privately-held mortgage company. Bob Johnson has helped more than 25,000 families get into the homes of their dreams, in 20 plus years of lending service.

Now with five offices across the DFW Metroplex, the nation’s oldest mortgage firm is helping thousands of consumers get into homes with the most up-to-date financial information possible. Wallick & Volk brings experience and integrity into every single loan, but they also deliver a highly personalized touch that conforms to each client’s need. Is it speed of delivery, unique products, total transaction transparency, or great pricing you need? Wallick & Volk has it all in a broker-friendly banking platform that can do the impossible when it comes to home financing.

THIS WEEK: With higher Fed interest rates on the horizon, what will the mortgage market do? Should you buy now or rent?

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Mortgage Report Bob Mortgage New

Last week was a tough one for mortgage-backed securities, and they closed below support, but how did that impact rates?

You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk, the nation’s oldest privately-held mortgage company. Bob Johnson has helped more than 25,000 families get into the homes of their dreams, in 20 plus years of lending service.

Now with five offices across the DFW Metroplex, the nation’s oldest mortgage firm is helping thousands of consumers get into homes with the most up-to-date financial information possible. Wallick & Volk brings experience and integrity into every single loan, but they also deliver a highly personalized touch that conforms to each client’s need. Is it speed of delivery, unique products, total transaction transparency, or great pricing you need? Wallick & Volk has it all in a broker-friendly banking platform that can do the impossible when it comes to home financing.

THIS WEEK: What are analysts saying and how will this current situation affect mortgage-backed securities?

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Mortgage Report Bob Mortgage New

President Donald Trump delivered a speech that was well-received by Wall Street, says BobMortgage in our latest edition of The Mortgage Report. But what are the effects?

You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk, the nation’s oldest privately-held mortgage company. Bob Johnson has helped more than 25,000 families get into the homes of their dreams, in 20 plus years of lending service.

Now with five offices across the DFW metroplex, the nation’s oldest mortgage firm is helping thousands of consumers get into homes with the most up-to-date financial information possible. Wallick & Volk brings experience and integrity into every single loan, but they also deliver a highly personalized touch that conforms to each client’s need. Is it speed of delivery, unique products, total transaction transparency, or great pricing you need? Wallick & Volk has it all in a broker-friendly banking platform that can do the impossible when it comes to home financing.

THIS WEEK: What’s the interest rate outlook? How will the surge on Wall Street influence mortgages?

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CB - CD-1

Cheryl Brown started at Guardian Mortgage Company in 1982 as a loan processor in the original Grand Blanc, Mich., office. Thirty four years later, Brown is the senior vice president, head of operations at the company. What a wonderful success story, one that also tells us just how dedicated Guardian Mortgage employees are to the company. You just don’t hear of long-term, ladder-climbing employees anymore, and this is a welcome message!

But that’s not the only reason we’re singling out Cheryl Brown as our Guardian Angel of the month. We also want to praise Brown’s adaptability in the ever-changing regulatory landscape of the real estate business, and her focus on customer satisfaction.

Learn more about Brown and her journey after the jump!

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306 N. Windomere Front

There’s something dreamy about the home as you approach it; its old-world charm and unique facade command your admiration unlike anything in the neighborhood,” said Crystal Gonzalez, a Realtor with David Griffin and owner of 306 N. Windomere, our High Caliber Home of the Week. “Call it Greek revival, call it Georgian federal, either way I can honestly say I never returned home without smiling upon arrival, it has the ‘it’ factor, like a beautiful song or special piece of art that travels with you long after you’ve experienced it. I knew from Day One I could make it my little jewel box.”

I could not dream up a better way to describe this gorgeous Winnetka Heights home, as it is totally a jewel box. Jewel-toned paint, honed surfaces, sharp style, glittering chandeliers — this home is truly one of a kind, and definitely fitting of being our High Caliber Home of the Week sponsored by Lisa Peters of Caliber Home Loans. Lisa appreciates great architecture, whether modern or classic, and she knows quality when she sees it. If this jewel box is the home for you, make sure that your home loan will stand the test of time like this 1922-built home, and go with Lisa Peters of Caliber Home Loans today.

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Sold Home

It’s Friday, so we want to give you some good news that should hold you over through the weekend’s open houses, while you hover expectantly over the fax machine waiting for a seller to accept your client’s offer. First, the Dallas real estate market has fully recovered to pre-recession levels. Second, foreclosure inventory in Texas is down 0.4 percent from a year ago. Third, home prices are expected to increase 4 percent over the next three years.

So, if you’ve got clients who cannot seem to commit to a property, just show them these numbers from the most recent S&P/Case-Schiller report, which shows that home prices are on the upswing, meaning that now is the time to buy that dream home. In the 20-city Case-Schiller Home Price Index composite, every single market showed gains. Incredible!

And according to the June Local Market Monitor report, rents are creeping up, meaning that in this low-risk market environment, it’s time to buy. And if you want to get a good rate on your mortgage, now’s the time to get pre-approved, too, before banks start hiking rates again.

What other signs of economic recovery are you seeing?

 

 

Fact: 40 percent of underwater borrowers hold home equity loans.

You know what’s keeping the Title Companies going don’t you—all those re-fi’s. Mortgage rates are at record lows, and the rule of thumb is that if you recoup the cost of refinancing in a year or two and plan to stay in the home past that time frame, refinance when rates are at a historic low and save money.

Of course, as Steve Brown points out, that formula doesn’t work if you are underwater on your mortgage. That is, you owe more than the home is worth. This is the scenario where you bring in a nice pile of cash to the refinancing table—few want or are able to do that.

Fortunately, that scenario is dwindling in Texas. According to the folks who track this at CoreLogic, three-fourths of U.S. homeowners who are underwater in their loans are stuck paying higher interest rates. Stuck because unless they take cash to refinance, it ain’t happening. (more…)