Good morning and happy hump day! We finally get back to some housing news today as we got the release of Mortgage Applications for the week ending March 4. It was following last week’s flattish -0.7% number and rocked with a +8.5% report! In other news today, an article out yesterday from the NAR (Nat’l Assn. of Realtors) makes the case that the situation in Ukraine shouldn’t harm the housing market. They base much of this premise on that Russian nationals purchase such a small percentage of the U.S. housing stock. Indirectly, it adds to inflation, which continues to drive prices beyond the grasp of mere mortals. That’s it from us. Have a great day and call or email with MBS and whole loan inquiries.
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Jim Tait is a registered representative with and offers securities through Hanover Securities, Inc. (Hanover), Member FINRA & SIPC. Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Securities that may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results.
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Although this information has been obtained from sources we believe reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Loans and/or Securities which may be shown are subject to availability and changes in price. Past performance is not indicative of future results. Changes in any assumptions may have a material effect on projected results. This information from Banes Capital Group (BCG) and/or Hanover Securities is for your private use, and was obtained from sources we believe to be reliable. However, we do not represent that this information is accurate or complete, and it should not be relied on as such. This information is for institutional investors only, and as such certain transactions may give rise to substantial risk and are not suitable for all investors. This information was based on current market indicators which may vary over time. We may from time to time buy or sell, or have long or short positions in loans or securities identical or related to those identified herein.
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