America's Home Lender

America's Home Lender
America's Home Lender is listed in the Mortgages category in Woodstock, Georgia. Displayed below is the only current social network for America's Home Lender which at this time includes a Facebook page. The activity and popularity of America's Home Lender on this social network gives it a ZapScore of 60.

Contact information for America's Home Lender is:
307 Windsong Way
Woodstock, GA 30188
(770) 516-5719

"America's Home Lender" - ZapScore Report

America's Home Lender has an overall ZapScore of 60. This means that America's Home Lender has a higher ZapScore than 60% of all businesses on Zappenin. For reference, the median ZapScore for a business in Woodstock, Georgia is 39 and in the Mortgages category is 32. Learn more about ZapScore

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Social Posts for America's Home Lender

10.31.16 Mortgage rates fell last week as traders continued to position themselves for a year-end rate hike. Fed Funds futures still indicate that markets are trading at a 70% chance of an increase at the December FOMC meeting, up from a 66% a week ago. The week ahead will have quite a bit of data for markets to digest, as well as a FOMC rate decision on Wednesday. Almost no one expects that the FOMC will change rate on Wednesday. There is not a scheduled press announcement afterwards and the presidential elections are only 6 days away from the FOMC meeting. It is much more likely that the FOMC will vote to leave rates unchanged and use the accompanying statement as an opportunity to indicate a probable rate hike in December. This week may experience a decent amount of volatility given the upcoming election, the FBI’s renewed investigation into Hillary Clinton’s use of a private email server, Wednesday’s FOMC statement, Thursday’s data on Initial Jobless Claims and Durable Goods orders, and the Friday’s employment data.

Depositories still dominate home lending, but nondepositories' market share is the highest it has been in at least two decades. The nonbank share of total mortgage originations was 42% in 2014, according to an analysis of Home Mortgage Disclosure Act data by ComplianceTech and its tool. Just five years before that, in 2010, nonbanks held only a 27% market share. One reason for this is that banks' attraction to mortgages tends to be opportunistic. "Banks have historically been very fickle about the mortgage lending market," said Maurice Jordain-Earl, managing director and co-founder of ComplianceTech. While depositories' participation in the mortgage market has had periods of stability, that steadiness tends not to last. "The banks do a lot of business, and then the nonbanks take over," said Ed Pinto, co-director of the American Enterprise Institute's International Center on Housing Risk. For example, banks' 70%-plus share of the market remained more or less steady between 1995 and early 2003, when mortgage rates trended downward. With the exception of a little volatility in 1996 and 2000, the rate environment contributed to higher refinancing, total originations and depository involvement during this period. Some of the reasons that banks' market share fell after that include rate increases in 2003 and 2004 that dampened the refi wave, and subsequent nonbank competition in the form of historically loose underwriting between 2005 and early 2006. Depositories' share rebounded for a couple years after that, due primarily to two reasons. Many nonbanks that had underwritten loans with little regard for consumers' ability to repay collapsed, and the nondepositories that remained became subject to 2008 licensing requirements that weren't equally imposed on banks, which historically had been the more heavily regulated of the two groups. But a continuing downward trend in home prices from 2009 through 2011 served as a disincentive for depositories to participate in mortgage lending. So, too, did a growing number of government actions penalizing banks for mishandling of home loans in the next three years.

OUT OF WHACK! Before the financial crisis, home prices and homeownership rates moved roughly in tandem. Expanded access to credit and a booming real estate market made homeownership easier for more Americans. When existing median home prices reached their precrisis peak is roughly when homeownership rates for both those under the age of 35 and for those ages 35 and older began to slip. And they haven't recovered since. Today, the homeownership rate for both groups is lower than it was more than 20 year ago. But the picture now is looking bleaker than it did before and even during the crisis. Home prices have returned to their precrisis peaks, but homeownership rates, which were already depressed because of the crisis, keep on slipping. Affordable housing is becoming scarcer across the country, but especially in popular markets such as the Pacific Northwest and California. And homebuilders have stopped building starter homes at the same rates they did before the crisis, instead turning to the more lucrative luxury home end of the business. Single-family starts are running at recession levels, and home sales are short of normal, according to economists. Altogether, these factors are the ingredients for an affordability crisis. Many would-be first-time homebuyers have been forced to continue renting or living with Mom and Dad after being priced out of the market. "We do know that homeownership rates for young people are lower," Danielle Hale, managing director of housing research at the National Association of Realtors, said. "They're now lower than in the mid-1990s." But signs are cropping up that the tides may be finally shifting to get the home sales market back to where it once was. Citing mortgage application data, the Mortgage Bankers Association has noted that there's greater demand year over year for loans under $150,000. Those loans are closely associated with first-time homebuyers, indicating that they are starting to return to the housing market. But chances are that once they do return, they'll be older thanks to the waiting game caused by the financial crisis. For the past two decades roughly, the median age of first-time homebuyers has hovered within a range from 30 to 32 years old. Looking ahead, first-time buyers may enter homeownership later in life. "There may be some aging on the horizon if some of those people who haven't yet become homeowners choose to do so at a later age," Hale said.

HOUSING INVENTORY SLOWLY DISAPPEARING The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) has released their latest Existing Home Sales Report. Inventory Levels & Demand Amidst reporting on the fact that sales of existing homes rose 1.2% from January, and outpaced year-over-year figures for the fifth consecutive month, was the news that total unsold housing inventory is at 4.6-month supply. This is down 0.5% from last February and remains below the 6 months that is needed for a historically normal market. Consumer confidence is at the highest level in over a decade. Pair that with interest rates still under 4%, new programs available for down payments as low as 3%, and you have an attractive market for buyers. Buyer demand for housing remains twice as high as this time last year. Prices Rising February marked the 36th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $202,600 (up 7.5% from 2014). So What Does This Mean? The chart below shows the impact that inventory levels have on home prices. NAR's Chief Economist, Lawrence Yun gave some insight into the correlation: "Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices. Stronger price growth is a boon for homeowners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before (interest) rates rise." Bottom Line If you are debating putting your home on the market this year, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started. Original Source: Keeping Current Matters

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