PHH Home Loans Blog

Maximize Your Listing Price While Minimizing Your Expense

It's almost spring and in many parts of the country the housing market is already starting to thaw. Some markets like Denver, Seattle, and Portland are red hot. According to the S & P CoreLogic Case-Shiller National Index, prices nationwide are up 5.6 percent as of November 2016. Pricing your house correctly and increasing appeal with low-cost, high-value upgrades can mean more offers. The Price is Right There's generally two schools of thought in regard to listing price. One philosophy is to list at top price and lower the price progressively until it sells. Sellers who choose this strate...

March 30th, 2017 Maximize Your Listing Price While Minimizing Your Expense

Mortgage Rates: More Than Meets the Eye

Mortgage rates are something that on the surface looks basic but is actually quite complicated - similar to how a baseball pitch looks simple - throw the ball, and the batter hits or misses - when, in fact, it is a complex combination of mechanics, grip, delivery, spin, wind speed and more. A mortgage rate is no different, which is an important thing to remember in the face of the Federal Reserve's ("Fed's") recent prime rate hike (which is not the same as a mortgage rate - more on that in a minute). Since getting a mortgage is more often than not a critical component of buying a house, it's i...

March 30th, 2017 Mortgage Rates: More Than Meets the Eye

Why Millennial Buyers Are Swiping Left on Your Home

By Jayme Naciri They want it fast, they want it easy, and it better be perfect. That pretty much sums up the typical millennial homebuyer today. So, if that’s your target and your house isn’t pristine, they’re going to move on to one that is. So how do you make your home swipeable? It’s easy, really. Clean it up “Whether or not we admit it, we’ve all seen at least a few of the home reality shows on channels such as TLC and HGTV. Those shows can be fun and informative, but they also do a lot to shape buyer expectations,” said Bankrate. That means millen...

March 30th, 2017 Why Millennial Buyers Are Swiping Left on Your Home

PHH Market Commentary

This week brings us the release of four economic reports that have the potential to move mortgage rates, but none are considered to be highly important to the markets. There also are a couple of Treasury auctions set to take place that may influence mortgage rates the middle of the week. Now that the healthcare bill drama appears to be over, at least for the time being, we can turn our attention towards economic data for bond market direction. Tuesday has the first report worth watching with March's Consumer Confidence Index (CCI) from the New York-based Conference Board at 10:00 AM ET. This i...

March 26th, 2017 PHH Market Commentary

Top Home Security Tips You Need To Make Your Home Safer

No matter where you live, your age, life stage, the square footage of your floorplan, or type of neighborhood, staying safe at home is a priority for all of us. And you can go out and spend thousands of dollars on security measures or DIY it at all, but the goal is the same: to protect your home, your things, and the people you love. Home security is not a one-size-fits-all enterprise, nor is it typically a one-purchase-and-you’re-done experience. “Think of home security as though you’re putting on layers of clothing to protect your body from harsh weather,” Jordan Fran...

March 23rd, 2017 Top Home Security Tips You Need To Make Your Home Safer

PHH Market Commentary

This week brings us the release of only three monthly economic reports for the markets to digest. Only one of them is considered to be very important to mortgage rates and it comes at the end of the week. The first couple days have nothing of importance in terms of relevant economic data, so we could see the week start off slowly. The first report will come late Wednesday morning when February’s Existing Home Sales report is posted by the National Association of Realtors. It will give us a measurement of housing sector strength and mortgage credit demand. It is expected to reveal a decli...

March 19th, 2017 PHH Market Commentary

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This is not a commitment to lend. Loan programs, rates and terms subject to change without notice and are subject to property and credit approval. For informational purposes only. Restrictions may apply. Your real estate professional is not a mortgage lender. Please contact your Loan Officer for information about mortgage products and your eligibility for home financing. PHH Home Loans, LLC, 1 Mortgage Way, 3rd Floor, Mt. Laurel, NJ 08054. NMLS ID # 4256 ( Arizona Residential Mortgage Licensee #BK 0907270; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; Illinois Residential Mortgage Licensee #MB.6759865; 100 W. Randolph, 9th floor, Chicago, IL 60601, 800-532-8785; Minnesota - This is not an offer to enter an interest rate lock-in agreement; Missouri in state office located at 2458 Old Dorset Road, Maryland Heights, MO; Ohio Certificate of Registration MB.804019. Equal Housing Lender.
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