PMR Mortgage Blog
Homeowners gain $1 trillion in home equity
Despite the pandemic’s weighty impact, it did little to slow down the ability for homeowners to earn wealth this year. In the third quarter of 2020, homeowner equity rose to its highest level in six years. According to CoreLogic, a majority of homeowners saw their...
Annual Season of Giving fulfills Christmas needs of 14 seniors
The Annual Season of Giving is upon us — and it couldn’t have arrived at a more appropriate time. This holiday season is always special, particularly when we can reach members of the community directly. This year, of course, will be unlike any other we’ve experienced....
You can make contact-less donations to Idaho Humane Society
Premier Mortgage is proud to announce that its PMR Gives Back program will hold a no-contact drop-off experience for people interested in giving to the Idaho Humane Society this holiday season. The pandemic brought us closer to our furry friends as we spend more time...
Mortgage applications increase as more homebuyers turn to refinance
A major push from homeowners applying for refinance loans drove the overall volume of mortgage applications. According to the Mortgage Bankers Association, a significant number of homeowners applied for a new refinance loan to close out the month of October. The...
How real estate gains can benefit homeowners looking to upgrade
The price for an entry-level home continues to go up and is helping drive today’s strong market conditions. CoreLogic said home prices nationally have increased by 5.5% in July, the fastest year-to-year growth in two years. The blend of high demand and low-interest...
Homeowners see equity surge
When the pandemic began, the real estate market took a turbulent but brief turn. Today, market performance is exceeding expectations with favorable trends of low interest rates, high buyer demand and rising home values. In the second quarter, homeowner equity surged...
Millions of Americans could benefit from a home refinance loan
Nearly 20 million American homeowners qualify for refinance programs that will save them hundreds of dollars per month on their mortgage. Freddie Mac’s Mortgage Market Survey also shows a seven-basis point drop in the 30-year mortgage rate. It’s a new record low. The...
Low rates lead to best housing affordability in years
Housing affordability hasn’t looked this great in years. Freddie Mac’s 30-year fixed rate mortgage has led to some of the better home affordability in four years. As of July, buying a home required under 20 percent of the nation’s media monthly income. The consumer...
Homeownership hits its highest rate since 2008
Despite the economic uncertainty during the COVID-19 pandemic, Americans fueled a remarkable milestone within the real estate market. Homeownership moved significantly in the second quarter, driving the rate to its highest level since 2008. The U.S. Census Bureau...
Consumer confidence drives real estate market
This spring, a key housing index fell to a record low amid the COVID-19 pandemic. Much to the surprise of many, the market bounced back impressively thanks to consumer confidence and ultra-low interest rates. Fannie Mae’s Purchase Sentiment Index fell 29.5 points in...
After massive drop-off, homebuilders’ confidence is sky high
The COVID-19 pandemic poses serious health and economic challenges. The extent of the harm also touched the confidence of even the biggest economic drivers of the real estate market: homebuilders. It was April when the prospects of shuttered businesses and a prolonged...
New home sales exceed expectations despite COVID-19
With the COVID-19 emergency, home sales were not expected to flourish. That was not the case in April as new home sales rose by 0.6 percent, according to the U.S. Census Bureau and the Department of Housing and Urban Development. March sales revisions were a factor,...