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Walid Muhammad | REALTOR
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Mortgage Rates Slightly Lower to End Week: Mortgage rates moved lower for a 2nd straight day. This helps undo virtually all of the damage done by the first 3 days of the week. In other words, today's rates are right in line with last Friday's after having been noticeably higher for the past 4 days. There were no significant economic reports or market-moving headlines today as markets were instead focused on limiting their exposure to volatility over the upcoming 3-day weekend. On that note, keep in mind that banks and most mortgage lenders will be closed on Monday for the Presidents Day holiday. 4.25% remains the most prevalent conventional 30yr fixed rate on top tier scenarios, although a handful of lenders moved back down to 4.125% yesterday and today. Borrowers being quoted the same "note rate" as yesterday are seeing today's improvement http://j.mp/2m5nPpp #housing
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Peter’s House by Studio David Thulstrup: Inspiring single family residence situated in Copenhagen, Denmark, designed by Studio David Thulstrup. Read more ... Related: River Valley Remodel by Rescom House in Albert Park Village by Kirsty Ristevski Apartment in Milan by Studio Tenca & Associati http://j.mp/2lqPJQ4 #realestate
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A total failure at Oroville Dam could cost billions in real estate – study: Thousands of homes in six counties would be at risk http://j.mp/2lqanjA

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LenderLive to assume PHH private-label operations: LenderLive’s CEO called the deal “a win-win for everyone involved” http://j.mp/2lpAzux

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Mortgage Rates Finally Find Some Traction: After spending the past 5 business days moving higher, mortgage rates finally found their footing today. The improvement came in phases, with today's first round of rate sheets only marginally better than yesterday's. Bond markets (which underlie rate movement) surged into stronger territory around 11am as investors pared risk during Trump's press conference. This allowed most lenders to "reprice," meaning they send out revised rate sheets with better terms. From the highest levels in nearly 3 weeks yesterday, today's rates ultimately fell to the lowest levels of the week by the afternoon. 4.25% remains the most prevalent conventional 30yr fixed rate on top tier scenarios, although several lenders moved back down to 4.125%. That means most borrowers will see today's improvements in the form http://j.mp/2lpmBsh #housing
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House in Dallas by Coats Homes: Designed in 2015 by Coats Homes, this two-storey single family house is located in Dallas, Texas, United States. Read more ... Related: Penthouse One-11 by Milano Contract District Beach House by Denton House Design Studio AB House by Jacobsen Arquitetura http://j.mp/2lWyVgJ #realestate
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Ted Cruz backs bill to kill CFPB: Cruz and another Texas Republican don’t want to retool the controversial agency – they want to abolish it entirely http://j.mp/2lVLzw7

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Mortgage Rates Approach 3-Week Highs: Mortgage rates rose for the 5th day in a row following a higher reading in this morning's inflation data and an upbeat Retail Sales report. In general, stronger economic data and higher inflation motivate investors to move money out of the bond market. As demand for bonds falls, bond prices move lower and rates move higher. Today's increase brings mortgage rates close to their highest level in 3 weeks . You'd have to go back to January 25th to see worse. That said, "worse" is a relative term. Both then and now, a top tier scenario would result in a conventional 30yr fixed rate of 4.25%. Today's upfront costs would be just slightly lower. Only a few lenders remain at 4.125% on comparable scenarios and several have moved up to 4.375%. Loan Originator Perspective Bond markets lost further ground http://j.mp/2lld8Sw #housing
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Fed hike may come sooner than expected: Strong data on sales and consumer prices may mean the Fed will raise interest rates sooner than expected, predicts one finance giant http://j.mp/2lku5fQ

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Acquisition makes HomeBridge nation’s biggest 203(k) lender: The acquisition also makes HomeBridge one of the nation’s largest nonbank lenders http://j.mp/2kxT0IY
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