marketWhy does Texas have the largest number of home buyers priced out of the new home market? What are the Fed’s plans for the interest rate? We look at this and more in this week’s roundup of real estate news.

$1,000 INCREASE ELIMINATES MANY FROM NEW HOME OWNERSHIP

Texas has the largest number of homebuyers that would be priced out of the new home market if the cost increased by $1,000, the National Association of Home Builders said last week.

Nationwide, a $1,000 increase would push 127,560 prospective buyers out of that market, while in Texas, it would push out 11,152 households, more than California at 9,897.

That threshold is met when, based on income, those households would not be able to qualify for a mortgage after a $1,000 price increase. (more…)

There was a lot of downward trending for the stock market last week, but overall, that’s positive for the bond market and interest rates, says Bob Johnson (AKA Bob Mortgage) the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk

Our most-trusted mortgage adviser explains that, as people react to the plummeting stock market trends and fear-inducing rhetoric from the Federal Reserve, they look for a safe haven for that money. Hence, the overarching growth in relatively safe bond market investments. Plus, less-than-stellar economic reports in the housing industry have made for some negative reactions, too. So, how does that influence whether you should lock or float? Find out today in the Mortgage Report:

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Have you ever wondered what the difference is between an FHA loan and a conventional loan? There’s no better person to ask than our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage). Frequently asked questions usually center on how the loan type affects appraisals, down payments, and debt-to-income ratios. How does it affect mortgage insurance, and all of the little hurdles that make up a very complex transaction?

Find out today in the 28th episode of the BobMortgage Zone from the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk

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As Bob Johnson (AKA BobMortgage) notes in the 78th episode of The Mortgage Report, our market is at a very exceptional place right now. According to the minutes released by the Federal Reserve, another interest rate hike is on its way in December. And as our most-trusted mortgage expert told us in last week’s episode of the BobMortgage Zone, consumer spending — and consumer debt — are both at high points. 

So, what does all of this mean? And what should you do if you’re looking to secure a home loan in this volatile market? Find out from the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in today’s Mortgage Report:

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How does Bob Johnson (AKA BobMortgage) decide whether it’s time to carefully float or lock in interest rates for his clients? This past week’s stock market slide and brief rally provide an excellent example. The stock market, heavily influenced by the affects of President Donald Trump’s tariffs and the recent increase in interest rates by the Federal Reserve, took a nosedive last week. The brief reprieve on Friday, though, and how it plays into the bond market, added another variable.

So, should you lock or float? As the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, Bob Johnson can easily explain how he arrives at his lock or float position, as well as why his clients choose Wallick & Volk to get them funded with tight turn-around times. Find out more in this week’s Mortgage Report:

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A lot of people are concerned right now about interest rates, says Bob Johnson (AKA BobMortgage), the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk. How can you get the best interest rate when buying a home if rates continue to rise? That’s the question a lot of people are asking our most-trusted mortgage adviser.

Lucky for you, he has answers. Watch the 26th episode of the BobMortgage Zone and find out how you can get the best interest rate despite rising rates and tight inventory:

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As our most-trusted mortgage expert told us in last week’s Mortgage Report, there was news on the way that could definitely influence the bond market. Those indicators were the PCE, one of the Fed’s favorite measures of inflation, and of course Fed chairman Jerome Powell’s comments. 

As expected, the bond market had a bit of a run up, says Bob Johnson (AKA BobMortgage), the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk. What does that mean for you? Find out in this week’s episode — the 75th! — of the Mortgage Report with BobMortgage.

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It’s a big week for market watchers, says Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in the 74th episode of the Mortgage Report.

According to our most-trusted mortgage expert, it’s take-it-to-the-bank certain that the Federal Reserve will raise the Fed Funds rate this week. However, don’t freak out, says BobMortgage, as he walks you through the cause and effect of what happens when the Fed raises rates and how it affects mortgages. Learn more now so you can educate your clients on how this news will affect them:

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