SecurityNational Mortgage Co-Fort Worth Branch NMLS# 978971

Our team offers FHA, VA, USDA and Conventional financing as well as delegated Jumbo financing and commercial lender. Our files are processed, underwritten, closed, and funded within our branch walls.

Experience- knowledge or practical wisdom gained from what one has observed, encountered, or undergone. Our team of mortgage professionals understands the value in the mortgage experience and what clients go through during the lending process. We are committed to providing a service our clients will remember positively for years to come. SNMC CO NMLS #3116 Branch NMLS# 978971

The June Jobs Report halted the recent reduction to mortgage rates and may have taken a Fed rate cut off the table.

Source CNBC.

youtube.com

James Grant: The Fed will cut in June

Will be interesting if it holds true.

https://youtu.be/mDiSG2AY86c

James Grant, founder and editor of Grant's Interest Rate Observer, joins 'Squawk Box' to discuss what he expects from this week's FOMC meeting and how the ma...

housingwire.com

House committee passes bill to make FHA loans less expensive

Death to FHA’s life-long mortgage insurance payments? Maybe so. House committee introduces bill to resort back to MI payments dropping off when borrower reaches 22% equity.

https://www.housingwire.com/articles/49327-house-committee-passes-bill-to-make-fha-loans-less-expensive

housingwire.com The House Financial Services Committee passed a bill Wednesday that would limit mortgage insurance payments on loans backed by the Federal Housing Administration. The bill would repeal FHA's policy that requires borrowers to pay mortgage insurance for the life of the loan – something housing indus...

[06/03/19]   Are mortgage rates poised for a dramatic drop? Some Fed officials are starting to point toward yes.

Fed's Bullard:

INTEREST RATE CUT MAY BE "WARRANTED SOON" ON TRADE, INFLATION RISKS

TRADE UNCERTAINTY MEANS EXPECTED SLOWDOWN IN U.S. GROWTH MAY BE EVEN SHARPER THAN ANTICIPATED

NOTES GLOBAL TRADE NARRATIVE HAS 'DARKENED'
YIELD CURVE AND INFLATION EXPECTATIONS SENDING SIGNAL THAT CURRENT POLICY IS TOO TIGHT
EXPECTS TRADE UNCERTAINTY TO LAST FOR 'FORESEEABLE FUTURE'

RECENT VISIT TO HONG KONG LEFT HIM MORE PESSIMISTIC THAT A TRADE DEAL WITH CHINA WILL GET DONE SOON

Markets are moving QUICKLY to price in lower Fed rates. Basically, we're looking at a rapid re-pricing of future rate hike expectations. Futures markets suddenly see a decent possibility of the Fed cutting rates in THIS MONTH'S meeting. That means 2yr yields are logically doing much better than 10s, but 10s and MBS are rallying nonetheless.

[05/31/19]   RATE NEWS:

BARCLAYS NOW SEES U.S. FEDERAL RESERVE CUTTING INTEREST RATES BY 75 BASIS POINTS LATER IN 2019. STARTING IN SEPTEMBER.

https://www.facebook.com/532739443418670/posts/3359732030719383?s=1528513270&sfns=mo

We hope that you are on your way out the door to prepare for a long memorable weekend with the family. Be sure to take a moment and honor our in and out of service Americans.

We Thank You.

One of the most experienced teams in the business. #SNMC-FortWorth.

DFW-Housing Report 1st Quarter 2019. In a market where inventory of sellers is up 29%, and buyers are down -2.5%, experience in mortgage and real estate truly matter.

Call our team today to see how these numbers impact your future housing goals 817-945-2551.

Source: Texas A&M Real Estate Center

Congratulations to our very own Ashley Kennedy and Team. Ranked #8 in the company for April production!

Are you or your client in need of Avenging?

This SNMC-Fort Worth team has helped close (Avenge) 54 buyers in the past three years who were denied financing by the very lender who offered them a pre-approval letter.

Whether battling Thanos or battling to qualify for your home.....an experienced team matters.

Call our team today at 817-945-2551.

therealdeal.com

Going private: Fed housing finance chief details plan to end Fannie-Freddie oversight

This is a big statement:

That could includes changes to the “qualified mortgage patch,” which allows for loans to homebuyers with higher debt-to-income thresholds.

https://therealdeal.com/chicago/2019/04/22/going-private-fed-housing-finance-chief-details-plan-to-end-fannie-freddie-oversight/amp/

therealdeal.com President Trump has not been shy about his desire to end the federal conservatorship of Fannie Mae and Freddie Mac. Now, he appears to have someone at the helm of the Federal Housing Finance Agency ready to put the plan in action. Newly installed FHFA chief Mark Calabria said he is working to re-

housingwire.com

HUD announces new rules for down payment assistance on FHA mortgages

https://www.housingwire.com/articles/48840-hud-announces-new-rules-for-down-payment-assistance-on-fha-mortgages

housingwire.com The Department of Housing and Urban Development announced this week that it is issuing new rules for down payment assistance on mortgages insured by the Federal Housing Administration. Click the headline for a full breakdown of which rules are changing and why.

March 2019 NTREIS home sales numbers. March observed a 1% increase in year-over-year home sales and a 2% increase in median price. March displayed the smallest year-over-year price increase in years as supply of available homes continues to increase and sales continues to level-off. Supply continues to increase double-digits growing 20% from 2017.

We have observed the increase in homes on the market has eased the financial burden on buyers and increased buyer opportunities.

housingwire.com

FHA says as many as 50,000 mortgages will be affected by new lending rules

A bit of exaggeration here. It’s not that they won’t qualify. Some borrowers with low credit scores will be forced to pull-back their sales price goals to a more manageable debt-to-income ratio.

If you have questions go how FHA’s new underwriting policy may impact borrowers or agents, give us a call today.

https://www.housingwire.com/articles/48522-fha-says-as-many-as-50000-mortgages-will-be-affected-by-new-lending-rules

housingwire.com Two weeks ago, the FHA took steps to limit risk to its single-family portfolio, announcing that it will flag some loans for manual underwriting. FHA's Chief Risk Officer Keith Becker told the WSJ just how many loans the agency thinks will be affected, adding that the FHA felt that it was appropriate...

cnbc.com

Want to sell your home? Hurry up and list it next week

Homes that list the first week of April see 14% more online viewing activity and sell 6 days faster than any other time of the year.

Timing is everything. Time to list?

https://www.cnbc.com/2019/03/26/want-to-sell-your-home-hurry-up-and-list-it-next-week.html?__source=realestate|news|&par=realestate

cnbc.com Homes listed in the first week of April get 14 percent more online views and are likely to sell six days faster than during the rest of the year.

cnbc.com

Mortgage rates are now breaking to new lower territory, and they could stay there for months

Today was another day of decreased mortgage rates.

https://www.cnbc.com/amp/2019/03/22/mortgage-rates-are-breaking-to-new-lower-territory.html

cnbc.com The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. Lower rates area already igniting home buying.

[03/20/19]  

Teamwork makes the dream work! Fantastic job team!

SecurityNational Mortgage would like to welcome back Rachel Brosig to the SNMC family! Rachel is a tremendous talent and we are honored she is back home.

Our company is continuously growing at its highest levels and we believe Rachel’s skills, talent, and knowledge will brighten our organization. Today is time for great celebration. You are a blessing to our team Rachel. Welcome back!

Doctor/Physician in need of a mortgage program that defers student loans for 12 months? Your SecurityNational-Fort Worth Branch has the cure!

Call us at 817-945-2551 for program details.

February home sales made a big time comeback with year-over-year sales up 10%. Inventory is still growing up 6% which gives buyers more homes to choose from.

The biggest increase in home sales was located in home prices between $200,000 and $250,000. Lot's of competition in that space so call our team today to discuss our $1000 seller guarantee to help boost your offer above the competition.

cnbc.com

Self-made millionaire: Not buying a home is the single biggest millennial mistake

https://www.cnbc.com/2016/12/30/self-made-millionaire-buy-a-home.html?__source=Facebook

cnbc.com Real estate is "an escalator to wealth," David Bach tells CNBC.

If you purchased a home in 2011, or have owned your home since that year, your investment has grown 77% over the past seven years. Real estate is still one of the worlds most dominate investments.

This is also a good look at new construction expense versus purchasing an existing home.

*Source Texas A&M Real Estate Center

January 2019 Single Family Home Sales. Much different picture as 13 cities experienced a drop in median price from January 2018. Sales of single family homes were down -15% in all of North Texas.

Take a look at what the numbers say in your part of North Texas.

Continued financial opportunities for buyers who were priced out of the market over the past five years. Less buyers, more sellers, equals great opportunities to negotiate a deal on your new home.

dallasnews.com

January D-FW home sales were the weakest in four years

Big News continues to brew for home buyers in 2019. Dallas News posted the January housing numbers and sales were down -10% from January 2018 and the number of properties listed for sale was up 28%.

The breakdown- More available homes for sale, plus less buyers in the market (sales) means we're seeing less competing offers, less deals where buyers have to pay over the appraised value, sellers are paying closing costs, and homes are appraising for more than the negotiated sales contract.

Call our team today to create your personal mortgage strategy and let us help you determine what new home buying opportunities are available. 817-945-2551

https://www.dallasnews.com/business/real-estate/2019/02/11/january-another-month-d-fws-home-market

dallasnews.com The North Texas housing market started 2019 in the dumps.Home sales were down 10 percent from January 2018, and sales prices fell in almost a dozen...

A look at 2018 4Q real estate price/volume numbers. The sales number catches your eye the most.

*source Texas A&M Real Estate Center News Watch

[01/30/19]   The Federal Reserve voted to leave benchmark rates unchanged (as expected) however did add some nice insight regarding 2019. The Fed dropped the statement that "some gradual increases in the Fed Funds Rate would be appropriate" and also stated they "Would be patient on future rate hikes."

So, it appears the Fed in on a stall watching economic conditions to warrant any rate hikes in 2019.

With that said, the market still predicts a 78% chance of two rate hikes in the latter part of 2019....after the summer housing rush.

December 2018 North Texas single-family housing numbers. Sales in December were down -12.2% from December 2017 and median home prices grew +3.2%. North Texas listings grew 22% in 2018 which the numbers above indicate less buyers, more sellers, and a continued return toward a balanced housing market.

Working with buyers daily, we are seeing more circumstances were buyers are winning the contract negotiations. Sellers are paying closing costs, agents are negotiating contract prices with instant equity where the home appraises for more than the contract sales price, and mortgage rates are still below historic average.

If you are a buyer, your time to win is 2019. Call our team at 817-945-2551 to take the first-step toward homeownership in 2019!

dallasnews.com

North Texas home sales stumbled in December and prices gains slowed

December home sales find themselves in the negative down 9% which contributed to fourth quarter home sales falling over 30%. What is happening? The number one statistical reason is affordability.

How do you purchase a home, all while protecting your budget, when home prices and mortgage rates are increasing? Give our team a call today at 817-945-2551.

https://www.dallasnews.com/business/real-estate/2019/01/08/north-texas-home-sales-stumbled-december-prices-gains-slowed

dallasnews.com North Texas closed out the year with another decline in home sales.Local real estate agents sold 9 percent fewer homes in December than they did a...

The 2018 numbers are finished and we have a special announcement.

We are super proud of our very own Ashley Kennedy for once again finishing in the Top 20 in total production nationwide for SecurityNational Mortgage. Thank you to our friends, business partners, and clients for your continued trust in Ashley and our team. Also, a special thank you to TEAM SNMC for your continued effort and support.

Please join us in congratulating Ashley on this wonderful accomplishment

cnbc.com

Existing home sales up 1.9 percent in November

Buyers should be prepping to win in 2019. The push in values over the past 5 years was due to more buyers in the market than sellers selling. In November, national homes sales were down -7% from November 2017 and the inventory of homes locally are up double-digits in most areas.

Equal sellers plus equal buyers leads to an equal price.

https://www.cnbc.com/video/2018/12/19/existing-home-sales-up-nearly-2-percent-november-real-estate-realty.html

cnbc.com CNBC's Diana Olick reports on new numbers on existing home sales and first time homebuyers.

[12/19/18]   >>

Federal Reserve increased the Fed Funds Target rate .25% with a new target range of 2.25%-2.50%. Here are a couple of important points.

* Forecast is for two rate hikes in 2019
* Rates will see gradual growth with sustained economic activity
* Says inflation is near target
* Median view Fed Funds Rate 2.875% by end of 2019. This goes along with the two-hike expectations.
* Fed sees slightly lower economic growth in 2019

In all, in appears any future increases to rates will have to come with continued economic growth. If the economy slows, we'll likely see limited or no hikes. If the economy shows inflation pressure, the Fed is telling us they intend to increase rates accordingly.

This was expected news and we should continue to see small increases to rates throughout 2019.

[12/14/18]   BREAKING NEWS

FHA maximum loan limits for 2019 increased locally to $395,600.

That represents an $11,000 increase from 2018. More FHA opportunity for borrowers.

cnbc.com

Homebuilders are not getting a bump from lower mortgage rates

One of the most important factors when considering buying new construction is what time frame do you see yourself in your new construction home. Why?

The number of buyers applying for new construction is down -11% and the number of new homes sold is down -5% from last year. These numbers indicate builders are starting to have an issue turning their product.

In a world where supply and demand dictate price, the only tool the builder has to increase demand is to....drop the price. If they do, the same builder you purchased from may be selling your same model months down the road for $10,000 less.

Call us today at 817-945-2551 to see if your mortgage plan stays ahead of potential future market curves.

https://www.cnbc.com/2018/12/13/homebuilders-are-not-getting-a-bump-from-lower-mortgage-rates.html

cnbc.com Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually. 

North Texas single family home sales took a hit in November with demand falling -13.8%. Very positive note is median home values are still on the rise, up 3.5% from last year, even with the reduced demand of buyers in the market. Year-over-year gains to median price are starting to cool off in most areas.

Family budget is becoming more important as each month passes and home values continue to increase. Prices at all-time highs require more than a mortgage. They require a mortgage plan. Call us today at 817-945-2551 to have your personal mortgage budget talk.

**Source Texas A&M Real Estate Center

Renting vs. buying a home — here are the numbers you need to decide

Just today, CoreLogic discussed an increase in high debt-to-income loans that could cause trouble for the very homebuyers lenders are representing. When considering the rent vs purchase option, it's best to have a financial consultation discussing your budget and creating a mortgage plan to match your personal affordability.

You can never buy too much if the loan is built to your personal finances.

We can help! Call 817-945-2551 today. Please enjoy this great video comparison from CNBC.

https://www.cnbc.com/video/2018/02/20/rent-vs-buy-home--here-are-the-numbers-you-need-to-decide.html

Buying a home is usually more affordable than renting, but situation and location can make all the difference.

cnbc.com

Toll Brothers gives disappointing guidance; CEO blames media for housing slowdown

Blaming the media for slow sales is mildly humorous.

https://www.cnbc.com/2018/12/04/toll-brothers-ceo-blames-media-reports-of-housing-slowdown-for-slowing-housing.html

cnbc.com CEO Douglas Yearley says reports about the souring house market are causing the slowdown.

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5020 Collinwood Ave Ste 100
Fort Worth, TX
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