All posts tagged: Mobile Notary Services

4 Indicators for the Economy

The economy is a complex and ever-changing entity. It can be difficult to keep track of all the different indicators that measure our economic health. One way to evaluate the economic conditions in your area is to look at four high frequency indicators: airlines, movie tickets, hotel occupancy, and gasoline supplied. Let’s take a closer look at these indicators.

No comments
Notary Near You4 Indicators for the Economy
read more

Update on Mortgage Rates from Mortgage News Daily

At Notary Near You we consider Mortgage News Daily a reliable source of news about current mortgage rates and trends.

In a recent article titled Mortgage Rates Holding Near 2 Month Lows they state “The average conventional 30yr fixed rate is easily back into the mid 6% range.”Matthew Graham, author of the article, takes a fun approach to this serious topic.  

No comments
Notary Near YouUpdate on Mortgage Rates from Mortgage News Daily
read more

Mortgage Application Volume Drops 8% in One Week

Rapidly rising mortgage interest rates are having a direct impact on mortgage application volumes, particularly for mortgage refinance applications. In an article by Adam DeSanctis for the Mortgage Bankers Association (MBA) “The Market Composite Index, a measure of mortgage loan application volume, decreased 8.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 8 percent compared with the previous week. The Refinance Index decreased 14 percent from the previous week and was 54 percent lower than the same week one year ago.”

No comments
Notary Near YouMortgage Application Volume Drops 8% in One Week
read more

Mortgage Interest Rates see the Biggest 3-month Rate Spike since 1994

According to an article written by Matthew Graham for Mortgage News Daily “Adults who are old enough to remember 1994 have always had an ace in the hole when it comes to today’s young whipper snappers complaining about abrupt spikes in mortgage rates. Sure, even older adults have the first few months of 1980, but 1994 was a more compelling example because it wasn’t part of the once-in-a-lifetime inflationary spike.  As such, it is a more worthy comparison to any modern example of rate volatility.  As of today, the race between the first few months of 1994 and 2022 are neck and neck in terms of damage done to mortgage rates in a short amount of time.”

No comments
Notary Near YouMortgage Interest Rates see the Biggest 3-month Rate Spike since 1994
read more

Mortgage Delinquencies Nationwide Dropped Below Pre-Pandemic Levels

According to an article written by Jann Swanson for MortgageNewDaily.com  “The number of non-current loans has declined in every stage. Loans that were in the early delinquency, 30 to 59 days past due, represented 1.2 percent of loans in November, down from 1.4 percent the prior November and the rate of those 60 to 89 days delinquent was slashed in half, to 0.3 percent. Serious delinquencies, loans 90 days or more past due, including loans in foreclosure, which reached a high of 4.3 percent in August 2020, are now at a 2.0 percent rate, again only slightly more than half the rate a year earlier.”

No comments
Notary Near YouMortgage Delinquencies Nationwide Dropped Below Pre-Pandemic Levels
read more

Interest rates reached a new low in January, resulting in Increased Refinance Mortgage Activity

MortgageNewsDaily.com reports that according to Ice Mortgage Technology (formerly Ellie Mae), in their Loan Origination Report for January, “closed loans continued to show declining note rates in January, dropping from an average of 2.93 percent in December to 2.88 percent” and also includes “Interest rates continued to decline in January, driving up the share of refinances by seven percent,”

No comments
Notary Near YouInterest rates reached a new low in January, resulting in Increased Refinance Mortgage Activity
read more

Highest Record in 35 Year History of the Housing Market Index

The National Association of Home Builders (NAHB) coupled with Wells Fargo 35 years ago to create the Housing Market Index (HMI).  NAHB.org defines the NAHB/Wells Fargo Housing Market Index (HMI) as based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

No comments
Notary Near YouHighest Record in 35 Year History of the Housing Market Index
read more