SEATTLE, WA – CMG Home Loans, the retail lending arm of the well-capitalized and privately held mortgage banking firm, CMG Financial, today announced the hiring of two leading originators poised to drive significant growth in the Pacific Northwest: Danny Meier, NMLS# 880575, and Chris Siegfried, NMLS# 963944 ..read more

CMG Financial Expands New England Presence with Retail Acquisition of Norcom Mortgage – CMG Financial, the well-capitalized privately held mortgage banking firm headquartered in San Ramon, CA, announced today the retail acquisition of Norcom Mortgage, a northeastern mortgage company boasting over three decades of success. The 25-branch-addition will enhance CMG’s northeastern presence from Maryland to Maine ..read more

Fannie and Freddie Address Buyer’s Agent Commission Questions clarified questions about the payment of real estate agent commissions. These questions were brought up shortly after the nationwide settlement agreement proposed by the National Association of REALTORS (NAR). The updates are largely aligned with the previous statement that the FHA published on March 28, 2024 , which confirmed that there will be no changes to seller-paid buyer agent fees at this time ..read more

Home Features That Make Everyone Happy ..read more

Mortgage rates were unchanged last week, marking one of the calmest weeks for rates in quite some time. Inflation levels on the PCE index were uninteresting as well, coming in as expected in February. Consumer spending came in hotter than expected while personal income slipped. This morning, we got news about job openings on the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) from February. Though they were expected to be at a level of 8,760,000, they came in at 8,756,000. Coming up this week we have more jobs reports which historically have a stronger influence on rate trend ..read more

Everyone has their own style and preferences, but there are a number of home features that pop up at the top of any home buyers’ checklist. Even new construction home builders will take note of the current trends and incorporate them into the house that they’re building so that it appeals to more buyers. So, what are these top home features ..read more

Mortgage rates trended higher last week thanks to a hotter-than-expected inflation report. But it’s a new week! And so far, we’re off to a strong start for housing news. This morning, the National Association of Home Builders (NAHB) released its housing market sentiment index for the month of March. It showed that builders think the housing market is in a much better place than it was this time last year ..read more

Buying your first home is an exciting milestone, but it can also be overwhelming, especially in today's real estate market. With high mortgage rates, soaring home prices, and limited inventory, first-time home buyers face unique challenges. However, with the right strategies, you can navigate these hurdles and achieve your dream of homeownership. In this guide, we'll explore the challenges first-time buyers are facing, and the options available to overcome these obstacles ..read more

The Federal Open Market Committee (FOMC) voted to leave the benchmark interest rate untouched last week. Following the news, mortgage rates trended lower. Read why ..read more

In this blog post, we'll explore five key indicators that can help you determine if you're truly prepared to break up with your landlord and buy a home ..read more