Founding Partner Stewart Hunter delivers a quick market update, including the $2 Trillion bailout package, shelter in place, and Benchmark's own market and operation status.
Market Update for March 25th
Category: Quick Hit
Benchmark’s Express Hybrid E-Closing
As social distancing sweeps the nation, Benchmark offers our clients Hybrid E-Closes where you can sign up to 70% of your documents remotely! Watch the video to learn more.
2019 Summer Market Update With Jim McMahan: Is it a good time to refinance?
In this video, Jim McMahan, President of Benchmark Mortgage, talks about the market, interest rates, and debt strategy to help you decide whether refinancing might be a good option for your financial goals.
Quick Hit: MBA mortgage Finance Forecast
The Mortgage Bankers Association forecast for 2018 reflects continued growth in new home sales (housing starts), and a slight increase in existing home sales. The report also reflects a continued, albeit slight, increase in 30 year fixed interest rates.
Mortgage Applications Rise 4.1% According to Most Recent Data
The Mortgage Bankers Association reported a 4.1% increase in mortgage applications from the prior week. Steve Remington, Benchmark’s Chief Operations Officer, noted that the increase in applications could be a consumer response to the recent trend in the market, indicating a shift from the prolonged period of low interest rates. “Mortgage Bankers Association Data indicates …
HUD Announces New FHA Loan Limits
Yesterday, December 7, 2017, the Federal Housing Administration announced that for 2018, 3,011 out of 3,141 counties in the U.S. (~96% of all counties in the nation) will see an increase in FHA loan limits. Ceilings and Floors In high-cost areas, the FHA’s loan limit ceiling will increase this year to $679,650, up from $636,150, …
