The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.

Real Estate

How homebuilders are competing in this crazy market

Builders are getting better at keeping home prices low, but their own costs are rising

New home sales in 2021 picked up right where they left off in 2020, near their highest levels in more than a decade thanks to low inventory. The state of the market means increased competition among homebuilders, who are grappling with how to keep prices affordable as their own costs rise.

Sales of new single-family houses in January were at a seasonally adjusted annual rate of 923,000 — 4.3% above December’s rate, and a whopping 19.3% higher than original estimates by the U.S. Census Bureau and the Department of Housing and Urban Development.

Regionally, new home sales declined 13.9% in the Northeast, and rose in the other three regions, up 12.6% in the Midwest, 3% in the South and 6.8% in the West.

Unsurprisingly, another month of record-low mortgage rates, limited supply of existing homes, and a wave of millennial buyers resulted in the market maintaining a blistering sales pace in the start of 2021. Supply is still tight – the Census Bureau calculated just 307,000 new homes were on the market, roughly four months worth of supply at the current sales rate.

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