Carolina Home Loans by Steve Lewis

02/17/2024

The week in review . . .

Inflation is the biggest problem for interest rates these days and this week brought two reports that pushed rates higher. Both are released by the Bureau of Labor Statistics and both pointed toward higher inflation in different ways.

02/14/2024

Why wait until competing buyers jump back into the market and drive the purchase price even higher?

Mortgage rates are back over 7% on the back of very strong economic and jobs growth data. And homebuyers are still on the fence.

12/05/2023

No surprise here.

12/05/2023

I have many reasons why I recently moved my team to Fairway Mortgage, but none more important than what it means to my Borrower Clients and my Realtor referral partners.

Fairway Mortgage is #1 for Customer Satisfaction in the United States! Period. End of story. Why would any Realtor refer their client to any other Mortgage Lender?

https://www.jdpower.com/business/press-releases/2023-us-mortgage-origination-satisfaction-study

12/04/2023

Thanks to Chris Harrar at Enact MI for sponsoring the meal packing event this past weekend for Rise Against Hunger: https://www.youtube.com/watch?v=TI9LOljt1RU . If you haven't heard of this organization, watch the very brief video here. During this holiday season, I encourage you to find a way to give to someone who will likely never be able to pay you pack, nor will you want them to.

At Rise Against Hunger, It Starts With a Meal, and it leads to resilience, self- sufficiency, education, empowerment and bright futures in communities worldw...

11/30/2023

The Federal Housing Finance Agency (FHFA) has announced an increase to the conforming loan limit. The new conforming loan limit for a one-unit property will be $766,550 in 2024.

Contact me today to find out what this may mean for you!

11/27/2023

https://www.housingwire.com/articles/heres-what-you-can-expect-from-2024-housing-market/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=283677903&_hsenc=p2ANqtz--9_mRfrC1yYRi-avRKiP5vtAOlAjevm-CNSu2PbbkNF-95HBOJWmaPAL-WHPT9RkgN0IN67glGYM2FMbNzWpXH7rF07CCTzw5aPo1mgJjuGZ_sLFk&utm_content=283677903&utm_source=hs_email

The underlying message is that home prices will remain firm and grow in most markets in 2024

There is a lot of uncertainty in the economy and the housing market but there are at least a few things we can count on heading into 2024.

11/13/2023

We appreciate all those that have served and are currently serving today to provide us the security we enjoy in the U.S. of A.

10/11/2023

https://www.housingwire.com/articles/fed-must-signal-that-its-at-the-end-of-its-rate-hikes-mba/?utm_source=dlvr.it&utm_medium=linkedin

In the midst of mortgage rates climbing to a 23-year high, the MBA called on the Fed to bring some certainty to financial markets.