coronavirus impact on mortgage industry

Coronavirus & Mortgage Update

The spread of COVID-19 and its expected impact on world economies has created stock market turmoil, unprecedented bond rallies, and the lowest mortgage rates on record. You’ve seen the empty shelves that once displayed anti-bacterial soap and hand sanitizer, right? The rush on mortgage loans is just as dramatic for the home financing industry. You’ve probably heard the Federal Reserve …

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Mortgage Marketing Update March 9, 2020

The Federal Reserve Open Market Committee just took an unusual step in an effort to restore calm and provide market stimulus among coronavirus-spurred volatility—they cut policy rates by a half point. What does the move mean for you and your existing or planned mortgage? Rates have just recently reached historically low levels, so it’s a great time to take advantage. …

mortgage industry today

Mortgage Marketing Update February 24, 2020

Investors are increasingly worried about the spread of the coronavirus outside China. Concerns over the economic impact of the virus are helping rates remain low Producer prices increased by the most in more than a year in January, but most of the uptick appeared to reflect temporary price swings instead of an underlying increase in inflation. Jobless claims rose modestly …

mortgage industry today

Mortgage Marketing Update February 10, 2020

Manufacturing activity rebounded in January, with the ISM index at its highest level since July. The improvement likely reflects ebbing trade tensions with China. Fears of a slowdown in the global economy caused by the coronavirus are dissipating. Stocks have recovered, and rates are creeping up on new investor optimism. New orders for U.S. made goods saw their highest increase …

Steps to determine your home’s value

Steps to determine your home’s value

When it comes to selling your home, it’s important to do your homework and know your home’s real value. Otherwise, you could miss out on money. What is the Market Value of My Property? Valorem Equity offers a free property evaluation report which provides an estimate of your home’s value, transaction history of the property, 3 year forecast of your …

kathy lee parker show mortgage

Valorem Equity on the Kathy Lee Parker Show

Valorem Equity’s Todd Francis was featured as a guest speaker on the Kathy Lee Parker Show. Tune in to hear why it’s a great time to refinance and how you can take advantage of this great market. Todd is well versed in the real estate markets and has lived in Park City, Utah since 1986. Kathy Lee Parker’s success is …

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Mortgage Marketing Update January 24, 2020

Stocks across the globe are taking a hit this week as investors react to mounting concerns about a deadly virus in China and its effects on travel and spending. President Trump is threatening more tariffs on European auto imports if the bloc doesn’t agree to a trade deal. Trump has delayed imposing these tariffs a number of times. Jobless claims …

mortgage industry today

Mortgage Marketing Update January 6, 2020

Rates, including those for mortgage loans, hovered near historic lows in 2019 and helped propel the stock market to record highs. Stocks in 2019 gained almost 29%, the most since 2013. Confidence among consumers climbed to the highest level in 5 months in December, as Americans grew more optimistic about the economy and their personal finances. Jobless claims dropped to …

mortgage forecast 2020

Mortgage Forecast for 2020 & Beyond

As interest rates fell throughout 2019, it provided a boost to the housing market which also benefited from robust job growth and low unemployment. With the favorable economic environment projected to continue, the housing market is primed for modest growth in 2020 and 2021. According to the Freddie Mac forecast, mortgage rates are expected to remain low over the next …

mortgage industry today

Mortgage Marketing Update December 27, 2019

Orders for durable goods (products designed to last at least 3 years) fell 2% in November from October. This is the biggest month-over-month decline since May. Stock indexes ticked higher in holiday-thinned trading as investors looked ahead to a promised trade breakthrough between the world’s biggest economies in January. Jobless claims fell last week in a sign of ongoing labor …