September 2016 Mortgage Market Share Report

October 13, 2016

The 2016?s purchase market?s robust first half cooled somewhat in the third quarter. While still strong, the year over year comparison to 2015 is flat. Sales marked as non-primary residence were up a bit ? primarily in the $125K to $200K price range. (page 15) Sales designated as primary residences were slightly down ? primarily in the $50K to $125K range.

Conforming mortgage numbers for the quarter were better than last year. Based upon our current order mix, I attribute that to a modest increase in refinance business. (pages 9 & 10)

With no significant regulatory changes from the CFPB (Constitutionally Flawed Protection Bureau) on the horizon, the fourth quarter outlook is considerably better than last year. Especially from a maintaining sanity perspective.

Last month at John Bethell Title, our team continued to provide a great experience.

We helped over 409 people to buy, sell or refinance their property

• We averaged 3.2 days to issue a Monroe County title insurance commitment and 84% were issued within 4 days.
• We issued seller side closing statements 2 or more days prior to closing over 90% of the time.

Thank you for your continued confidence in us. We greatly appreciate the opportunity to be part of meaningful moments in our customer?s lives.

~ John Bethell