October 16, 2020 Recorded mortgages during the third quarter continued at an amazingly strong pace. Fannie Mae recently predicted that by the end of the year, 2020 will be the best year on record for mortgage originations. Our local market shows the same signs. (chart pages 9 & 10) The average Monroe County loan volume …
September 21, 2020 The Monroe County purchase market not only continued its recovery from the pandemic induced lows of May and June. In fact, the market appears to be making up for lost time. This is evidenced by the fact that sales in August, as measured by recorded deeds, showed an 11% percent gain over …
August 24, 2020 How impactful is the current refinance market in Monroe County? On page four of this month’s report you’ll see that 3541 is the total number of mortgages recorded through July 31st of this year. That number on July 31st of last year: 2557. Almost 1000 more mortgage recordings in 2020 so far. …
July 22. 2020 I’m currently taking time away from the business and will return in early August. I’ll resume my commentary next month. Be Smart. Be Safe ~ John Bethell
June 17, 2020 Mortgage transactions for the first five months of 2020 are up a whopping 62% over 2019 totals (1860 vs 1149 for mortgages securing loans between $75K & $510K). The refinancing increase is partially offset by the decline in purchase originations that showed up considerably in May. I included a simple chart at …
May 20, 2020 Included with this April’s mortgage numbers are two charts incorporating sales disclosure data for the first quarter of 2020. This data was unavailable to me until recently. These charts show that through the first three months of 2020, Monroe County transfers were about the same as in 2019. A quick check of …
February 18, 2020 Through the first five weeks of 2020 our percentage of refinance orders relative to our overall order count is continuing at the same level as it was the second half of last year. Refinances are about 30% of all of our orders. Steady mortgage interest rates over the same seven plus months …
January 24, 2020 Happy New Year! Quick observations from the final 2019 mortgage and deed recordings. • As we all know, the inventory shortage of existing homes is real. Judging from recorded deeds for the last four years (page 7), the Monroe County market seems capped at about 2600 transactions per year. • Look at …
December 18, 2019 At this time of year, I always find myself reflecting on where our company came from, where it is today and where I want to be next year. The one constant in all three places is the value of the relationships we enjoy with our customers. Our clients drive our success. They …
November 22, 2019 The rapid drop in interest rates beginning in late spring is the biggest surprise from 2019. A year ago, most financial gurus were predicting mortgage rates would be pushing 5% about now. I don’t recall anyone predicting then the drop of rates that actually occurred. The lesson is that we might want …
(812) 339-8434 (812) 333-5063
Normal Business Hours:
Monday-Friday 8:30am – 5:00pm
Holiday Hours:
We are generally closed on major holidays.