Veritas Financial Group LLC

09/27/2022

Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index

July's year-over-year gains in home prices were lower compared with June in each of the cities covered by the index.

09/09/2022

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2022/09/09/housing-market-confusion-whats-happening-next.html

From rising rates to low inventories, here's what you need to know about the topsy-turvy U.S. housing market.

08/25/2022

Home prices fell for the first time in 3 years last month, biggest drop since 2011

The sharp and fast rise in mortgage rates this year caused an already pricey housing market to become even less affordable.

08/14/2022

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2022/08/08/consumer-confidence-in-housing-market-hits-lowest-in-over-a-decade.html

Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic.

06/05/2022

Did you know we offer reverse mortgages? Let us review your scenario and see if this powerful financial tool makes sense for you!

With markets volatile and housing hot, reverse mortgages are attractive to retirees looking for cash while staying in their homes.

01/23/2022

Low inventory!

https://www.cnbc.com/2022/01/20/december-home-sales-drop-4point6percent-as-supply-hits-record-low.html?utm_content=Main&utm_medium=Social&utm_source=Facebook&fbclid=IwAR3k4BsNmVpSu2VQpOqIgaX4lz4x3JFhiLG7-wADjVSH9NQqqFum7HMS8VY =1642691422

Home sales were weaker than expected in December as mortgage rates rise.

01/20/2022

12/05/2021

Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire.

12/05/2021

The market isn't quite as crazy as it once was, but prices remain sky-high, inventory is low and homes are still going fast.

04/28/2021

Mortgage rates fall to a two-month low, but weekly demand still drops

Lower mortgage rates are not prompting homeowners or potential homebuyers to contact their lenders, as other obstacles stand in their way.

04/13/2021

PSA: since last year there have been over 1.7 million mortgages that took advantage of mortgage forbearance. Starting later this year forbearance is going away and these loans will need to be remedied.

If you did a forbearance, call your mortgage servicer to begin the process of repayment, deferral or modification. Sooner than later.

Something to consider. Last year when Forbearance began the unemployment rate was closer to 3% & now we are around 6%. A significant percentage of these forbearance loans are impacted by unemployment or under employment. So, unless the administration does something, there could be a significant possibility of a foreclosure/eviction explosion come first quarter 2022.
So if you can, sell! I can offer some good realtor contacts. Otherwise, it’s time to start saving and preparing for some turbulence in the market.

Hope and pray for the best but also prepare for the worst!

04/06/2021

Need mortgage help buying or refinancing a home in Florida?
We can help!

Veritas Mortgage Group LLC
Nmls 1827841
Now licensed in Florida!!!