David Mumbauer at Planet Home Lending, NMLS# 1684225

08/29/2022

VA Loans are an amazing benefit earned by active duty service members, veterans, reservists, and other service-related professionals. Call today and see if our flexible options can get you home.

08/26/2022

Save deals derailed by rising interest rates. Message me today to discuss:
- Seller buydowns - reduce homebuyers’ mortgage rate for the first year
- Paying points - reduce homebuyers’ mortgage rate for the life of the loan
- Single-Payment Mortgage Insurance - eliminate monthly mortgage insurance premiums

08/25/2022

Planet offers low down payment options for Conventional loans. Together, we’ll get you home!

08/16/2022

You’ve done the heavy lifting for your community by working the frontlines, let Planet help ease your homebuying process. Planet Home Lending has partnered with Florida Housing Finance Corporation (FHFC) to offer the HomeTown Heroes Program for heroes buying their first home. With low first mortgage rates and down payment assistance, we’re here to bring ease to your experience.

Call today to get started!

- http://www.planethomelending.com/David-Mumbauer/

08/11/2022

08/10/2022

Market Update:
Todays inflation report is out. CPI 12-month change is down to 8.5%- showing some cooling. It’s still very high, but it is possible that we are past the peak.

08/09/2022

Let me and my team guide your valued homebuyers to the American Dream.

08/07/2022

News on the Lumber front.

"The last couple years are just going to be an outlier as far as [home] pricing goes," LGI Homes CEO Eric Lipar said.

08/05/2022

MARTKET UPDATE:
BLS Jobs Report came out today. On the surface, we see more jobs which should indicate more goods & services, right? Well, with Q2 GDP in decline it means that we are working more for less production. This is a sign that inflation is not getting wrangled in yet... which mortgage rates do not like. Remember- FED rate hikes do not directly impact mortgage rates, they are however influenced by inflation (and actions & evidence that impacts it both negatively & positively).

08/03/2022

Rates are still historically low! Contact me today to learn more.

08/02/2022

Market Update:

Let's talk foreclosures.
Simply put- we have too much equity out there to have a foreclosure problem. The average loan-to-value in the US is 42%- that's a whole lot of equity. Foreclosures represent 3/4 of 1%, coming off of a very low 2/10 of 1%. This is very minimal, and keep in mind- coming off of a moratorium. Yes, it is a 150% jump from 2021, but that is from a all-time low level. Better to compare to the nearest normal year- 2019 (see ATTOM graphic). Yes, it is agreed that home appreciation levels will slow- but there are absolutely no signs of any type of crash or home depreciation. Yes, you may see more "pricing improvements" in the existing inventory, but this is mostly sellers coming back to reality and easing off of those crazy asking prices. Bottom line, housing is still strong & resilient.

If you would like any more information about this or anything else market or mortgage related, I will always give my honest feedback.

08/01/2022

Looking for a home with room to roam? A USDA loan from Planet Home Landing could get you there. We offer great options, including 30-year, fixed-rate mortgages and more.
Call today and see if a USDA loan is right for you.