Andy Nolte, Mortgage Loan Originator, NMLS# 1559822

01/24/2025

The tamer December CPI report was a massive relief for the bond and stock market. The yield on the 10-year US Treasury Bond dropped from 4.80% to 4.60% (a huge move in that market) and average 30-year mortgage rates declined from 7.25% to around 7.10%. That said, the market still overwhelmingly expects NO CUT at the Federal Reserve's Jan 29 meeting.

01/08/2025

The Consumer Financial Protection Bureau (CFPB) has enacted a change where medical debt collections are no longer required to be reported on credit reports. This is to help ease the financial strain on consumers, particularly those with medical debt!!

12/10/2024

I’m grateful for my amazing clients and referral partners for trusting me to get the job done. Your support makes all the difference, and I couldn’t do it without you!

Thank you for the continued trust and loyalty — here’s to many more successful months and years ahead!

If you're in the market for a new home, don’t hesitate to reach out. Let’s make your dream home a reality!

11/11/2024

Not sure where this year has gone but couldn't forget to give a shout out to my referral partners for killing it in October - and more happy clients!

If you are in the market for a new home and want to chat, please reach out!

11/01/2024

Here is an eye opener from First American Data and Analytics:

Homeowners who bought in 2019 are $158,000 richer

A home purchased in 2019 generated approximately $158,000 in wealth. A renter over that same time cumulatively lost $89,000.

How homeowners and renters fared since the pandemic:

10/25/2024

'Existing Home Sales: “On Track for Worst Year Since 1995”?

That was the alarming headline from a Wall Street Journal article yesterday — and it turns out to be correct.

Here’s what’s really amazing about this. Since 1995, the US population has grown by 30%, or nearly 80 million more people! This, combined with the recent, dramatic fall in transaction volumes means that the existing home sales per 1000 people has dropped from a high of 17 in 2020 to just 11.8 in 2024.

The average figure between 2012–2019 was 16.0. If we applied 16.0 to our current population, we SHOULD be selling existing homes at a pace of 5.4 million units SAAR.

What does this mean? Very little inventory with very few people moving - and if you are a real estate agent right now and are making money - you are doing great! Just think when houses start moving again...

10/08/2024

Shoutout to these awesome referral partners for a great September!

09/19/2024

Got a lot of folks considering waiting to purchase - for rates to get even lower than they have fallen to.

According to a report released by CoreLogic® for the second quarter of 2024, U.S. homeowners with mortgages, which account for roughly 62% of all properties, saw their home equity increase by 8.0% year-over-year.

This represents a collective gain of an average increase of $25,000 per borrower since the second quarter of 2023.

Meanwhile, the big mortgage interest rate prognosticators are all predicting rates to hang around where we are currently setting.

Don't miss out on another $25k - let's get you into a home!

09/10/2024

Another great month in the books! A huge thank you to my incredible referral partners and loyal clients for your continued trust and support.

09/06/2024

In June, the typical U.S. homebuyer down payment reached a record $67,500, up 15% from last year, driven by buyers opting for higher down payments to lower monthly mortgage costs.

Despite slower home price growth, more expensive homes sold, and the average down payment rose to 18.6% of the purchase price, the highest in over a decade.

09/03/2024

Kansas City is now tied as the country’s No. 1 hottest housing market, according to U.S. News & World Report. Criteria included cities’ housing demand, housing supply, and financial health - tied with Austin, TX.

Each of these markets includes a unique mix of improving conditions.