Alameda Mortgage Corp - Bryan Wallpe - NMLS 290807

10/22/2019

September existing homes sales are in. Take a look at the comments below. Although month over month there is a reduction of 2.2%, this comes off a big increase in August, so September is still showing strength. Overall a strong national home market.

The Existing Home Sales report for September, which measures closings in that month and likely represents buyers shopping for homes in July and August, decreased 2.2%. This is a pullback from last month…but last month was a 17-month high and this is the 2nd or 3rd best number in that time span, so...

03/29/2019

Infographs brought to you by MBSHighway

03/27/2019

February residential housing numbers out today for the country. Permits and starts were down, but these numbers fluctuate based on weather and other factors. Nothing to be overly concerned with.

Housing Starts, which gives us a reading on new construction, were down 8.7%, at 1.162M units in the month of February. The loss was weaker than estimates of down 1.6%. January’s already strong figure was revised even higher from 1.23M units to 1.273M units, which makes the miss seem much more tha...

03/11/2019

New job creation was much lower than expected. Mortgage rates remain at lows for the year!

The Bureau of Labor Statistics (BLS) reported that there were only 20,000 jobs created in the month of February, which was much lower than the 180,000 expected. The Unemployment Rate ticked down from 4% to 3.8%, while average hourly earnings rose from 3.2% to 3.4%.

02/10/2019

What's really the difference between a pre-approval letter and a pre-qualifcation letter? Ride with us up the Lakeview lift at Diamond Peak Ski Resort on the...

01/31/2019

Pending Home Sales Down in December - likely due to lower stock market.

Pending Home Sales, which measures signed contracts on existing homes and is a good leading indicator for Existing Home Sales, were down 2.2% in December. This was weaker than the 0.5% gain expected. Why did we have lower contracts signed in December? The Stock market saw significant declines during...

01/31/2019

Good news today for stocks and interest rates. Fed leaves rates unchanged and is leaning toward slowing on rate hikes!! Let me know what you think in the comments below.

Here is our live coverage of the Fed's interest-rate announcement and press conference.