Sandra Starnes

11/08/2022

Great ideas especially at this time in our lives and market!

Looking for ways to save on holiday spending? Discover our 15 tips on how to budget for the holidays so you can focus on friends & family rather than expenses.

08/19/2021

Rent Gains are Setting Records As Well

While home prices have been posting record increases for months, it appears that rents are trying to keep up. CoreLogic says the connection is clear. The company's Single-Family Rent Index, which analyzes single-family rent price changes nationally and across major metropolitan areas, shows rent growth in June was the highest since at least 2005, an annual gain of 7.5 percent. The increase in June 2020 was 1.4 percent.

07/12/2021

Our Housing market it doing VERY well, let me know if you're interested in BUYING or SELLING!

06/02/2021

Mortgage Rates Treading Water, Waiting For Motivation

In week-over-week terms, mortgage rates are modestly higher this afternoon compared to last Wednesday. In the slightly bigger picture, however, rates are best thought of as being flat since leveling off in late April after spending most of the month falling from longer-term highs.

In other words, we made it through the first big post-covid rate spike in the beginning of 2021 and now we're waiting to see where the next big bout of momentum takes us. Generally speaking, if the incoming economic data is much stronger than expected, the next move in rates is more likely to be "up." That's a very basic principle for rate watchers to understand and things rarely end up playing out in such a tidy and logical way.

In the current case, not only would data need to be stronger than expected, but it would need to keep that performance up for weeks or months in order to really spook the bond market into moving toward significantly higher rates. Such journeys certainly have starting points though, and we're just now getting into a time frame where it's not completely insane to start looking for clues. One of the market's favorite clues arrives on the first Friday of every month in the form of the government's official jobs tally (The Employment Situation, more commonly referred to as "the jobs report").

Bottom line: this Friday's jobs report does have some potential to cause smaller scale volatility for rates (for better or worse), but it will take a concerted effort on the part of multiple economic reports before we're conclusively breaking out of the current sideways pattern.

BY: MATTHEW GRAHAM

08/19/2020

I'LL DO ALL THIS FOR YOU! 😊

08/04/2020

Market is still hot!!

07/25/2020

Primary Mortgage Markets for 7-24-2020
MND's Daily Rate Survey
52 Week
Product Today Yesterday Change Low High
30 Yr FRM 2.89% 2.87% +0.02 2.87% 4.15%
15 Yr FRM 2.54% 2.53% +0.01 2.53% 3.90%
FHA 30 Year Fixed 2.38% 2.38% -- 2.38% 4.00%
Jumbo 30 Year Fixed 3.80% 3.75% +0.05 3.25% 4.75%
5/1 Yr ARM 2.75% 2.75% -- 2.75% 4.38%

06/18/2020

Home owners, if you're thinking about selling your home, CONTACT ME NOW! It's a wonderful SELLER'S MARKET!! Let's get you some $$$