Market Update

Market Update

Friday, February 5, 2016

MARKET SURVEY 2/4/16

Weekly Mortgage Market Report
February 4, 2016

02/04/16
(most recent)
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate3.72%0.6N/A
 15-Year Fixed Rate3.01%0.5N/A
 5/1-Year ARM2.85%0.42.74
01/28/16
(previous week) 
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate3.79%0.6N/A
 15-Year Fixed Rate3.07%0.5N/A
 5/1-Year ARM2.90%0.52.74
“Market volatility -- and the associated flight to quality -- continued unabated this week. The yield on the 10-year Treasury dropped another 15 basis points, and the 30-year mortgage rate fell 7 basis points as well. Both the Treasury yield and the mortgage rate now are in the neighborhood of early-2015 lows. These declines are not what the market anticipated when the Fed raised the Federal funds rate in December. For now, though, sub-4-percent mortgage rates are providing a longer-than-expected opportunity for mortgage borrowers to refinance.”
– Sean Becketti, chief economist, Freddie Mac
The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2.
The financial and other information contained herein speaks only as of the date posted herein. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Averages are for conforming mortgages with 20% down. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage (one point equals one percent of the loan amount). Freddie Mac, and/or the provider of this information, is/are not responsible for business decisions made based on the reported results of the PMMS.


*** Weekly Market Rate Survey as published by Freddie Mac. The above survey is not a direct quote of rate by Fairway Independent Mortgage and is intended solely for the purposes of reporting the published results of Freddie Mac's Primary Mortgage Market Survey®. Fairway Independent Mortgage is an Equal Opportunity Lender. FIMC NMLS ID 2289.

QUICK TECH TIPS


Do Great Things: Organization for Teams and Individuals



2/5/16 - - James Polinori

Need to get organized? Have a team you need to stay on top of and collaborate with? 

I HIGHLY recommend ASANA. ASANA integrates with your email to forward tasks, has a great Mobile App and securely stores files.

This system is also great for tracking active leads/transactions and communicating with those involved. You can even add your homebuyer to their own section so you can communicate back and forth and have a streaming record.

And it's FREE up to 15 users! Give it a try HERE

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MARKETING CORNER


The 41 Facebook Real Estate Marketing Ideas:

Easy Agent Pro

The Setup: Ideas 1-6

Idea #1: Your Business Needs A Blog:
Did you know the average blog can convert 2-10% of its visitors into leads?  You need a website that has fresh content written by you in order to fully use Facebook.  Facebook is where you share your best articles. And then the traffic from Facebook turns into leads once they hit your blog. Get started in under 5 min and for under $4 here.
Idea #2: Setting Up Your Facebook Page Video
The first thing you need to do on Facebook is setup a page.  Here’s a super simple video I made showing you how to do that:

Idea #3: Getting The First Likes
Just like when we got started in real estate, you need to prime the pump.  Ask your friends, family, and neighbors to like your page the second you make it!  Try to invite over 100 people as only some will actually follow through and like the page.
Idea #4: Getting Graphics To Make It Look Great!
Did you know graphics can increase conversion by 16.5%? Here are 2 ways to get your graphics to look great on Facebook:
1) Canva.com: It’s free and easy to make a cover photo!
2) Fiverr.com: It’s only $5 and the photos are made in under a day most times.
Either way, you’ll want some snazzy graphics to spice up your page.
Idea #5: What’s The Point Of A Page:
The whole point of your real estate Facebook page should be “Give to Get.” You want to give 3 things to your audience before you ask for anything in return.  Keep this principle in mind and you’ll see great success.  For example, post 3 articles that genuinely help people buy or sell. Then ask for their business.
Idea #6: Contact Info:
When you first create your Facebook page, you may be in a hurry and not completely fill out the contact info.  Go check your page now and make sure it’s 100% accurate.  There are tons of fields you can fill out on the backside of your business page. The more you write there, the better!

What Shall You Post? Ideas 7-27

Idea #7: Your Posts About Selling: Do you have tips to make selling a home go better/quicker/easier? Your audience will love to read about them.
Idea #8: Your Posts About Buying: Do you know how to buy a home for a lower price? Or have tips on choosing a Realtor? Honest advice really helps home buyers end up doing business with you.
Idea #9: Infographics: These data driven images still perform very well online.  Use them on your Facebook page to give value to your audience.
Idea #10: Videos From Around Town: You can conduct tours of various districts or neighborhoods. These can be very useful to people moving in from out of town.  They will help your SEO tremendously and perform well on Facebook.
Idea #11: Competitions: Giveaways really increase engagement on Facebook.
Idea #12: Images of Awesome Houses: You can create a Facebook page solely about awesome houses in your city/state. These pages are like more often than business pages. And give you direct access to tons of home buyers.
Idea #13: Memes: These funny images get people laughing and are good when used sparingly.
Idea #14: Public Service Announcements: Did something dramatic, traumatic, or exciting happen nearby? Share it on your Facebook page.
Idea #15: Reviews of Local Businesses: You can partner with other local businesses and promote each other with honest reviews. Love the restaurant you just ate at? Write about it.
Idea #16: Special Deals For Local Businesses: You can provide extra value to the people who like your Facebook page by organizing special deals only available for them.
Idea #17: Thank You’s: Be sure to always thank your clients on your page
Idea #18: Welcome To The Community: You can also welcome your buyers that moved into the community as long as they are ok with it.
Idea #19: A File Of Your Preferred Vendors: There is a file section on your Facebook page. You can upload a PDF of your preferred vendors for your clients to reference.  Nothing like providing instant value!
Idea #20: How Are You Doing? Posts:  Simply asking how everyone is doing is a great way to engage people on Facebook.
Idea #21: Real Estate Stories: Did something happen nationally in real estate? Write about it and make it matter for your local audience.
Idea #22: Cute Photos: Cute home projects are a great thing to share. Make sure they have an image attached as posts with images perform a lot better on Facebook.
Idea #23: DIY Ideas: Most homeowners LOVE DIY projects. Although Pinterest is a better network for these types of posts, there is still a place for them on your Facebook page.
Idea #24: Holiday Posts: Don’t forget the holidays! You can even make this funny by celebrating lesser known holidays.

2015 Year In Review

Idea #25: Avoid Politics: That being said, I’d recommend avoiding politics.  They are a touchy subject.
Idea #26: Strive For Comments and Likes: Facebook has made tons of changes to their algorithm.  Basically, they are trying to only promote popular content. This means all your content needs to matter and get likes/comments.
Idea #27: Embrace Co-Branding: Co-branding is the fastest way to get big on Facebook.  Partner with other local businesses for extra likes.

FB Page Pro Tips: Ideas 28-32

Idea #28: Familiarize yourself with Facebook Insights.This is an analytics tool that can provide powerful information about those who are interacting with you, like age, gender, and location. It’s a good way to hone in on your target market.
Idea #29: Protect Your Privacy: In this article by Telegraph.co there are 11 things you can do to monitor your privacy settings.  Basically, don’t post something you don’t want everyone to see.  Comment below if you’ve ever had any privacy issues.
Idea #30: Stealth Facebook Pages: You can create Facebook pages that you own but don’t directly represent your business. For example, they can be fan pages about cool homes or DIY Homeowner boards.  These gets likes a lot faster, but the leads tend to be colder.
Idea #31: Facebook Groups: Don’t ignore Facebook groups! There are typically 30-40 active Facebook groups for every major city out there.  Joint them and become part of the conversation.
Idea #32: Your Own Profile: I really recommend using your own profile for stuff you’d do with friends. And then using your Facebook page for things you’d do with clients.  There is a grey area.  But make sure you use the two differently because there are definitely things people don’t expect to see on a real estate Facebook Page.

The Best Articles To Take You To The Next Level! Ideas 33-41

Don’t take it all from me… Here are some of my favorite articles:
8 Great Tips to leverage all your social features and get the maximum benefit from your page.
These 10 examples will give you even more ideas that have actually worked in the past when doing Facebook marketing.  Social Media Examiner has tons of great Facebook posts.
This recent article talks about the newest Facebook changes.  Basically, Facebook is starting to limit who sees your post and how they see it. This can really impact your business if you are expecting leads to come from Facebook. It’s a must read.
If you’re going to spend time on Facebook, don’t you want what you do to work?  These examples show what’s working and what isn’t. I’d check it out and make sure you copy their strategies. At Easy Agent Pro, we always are trying to do new things like this to improve our results.
Are you a tech nut? Love to study startups? This is a cool article that examines Facebook’s growth and asks the question: “When will they stop growing?”
This blog post will help you start a contest. But more than that, it’ll show you some cool ways people are driving traffic online.
7 Rules to help you cultivate the best experience possible for your customers! It’s important not to forget that those people who’ve liked your page are actual people.  Don’t spam them!
Examples are the best! Look at these examples if you can’t decide which way to turn next.
HubSpot has a great social media marketing kit that will help you get started! They give you 3 different PDF books. One is on Facebook and the other two are on LinkedIn and Twitter.  These books are very informative and helpful.
Idea #41: What’s your Facebook marketing gem? 
I want to hear from you! What are you doing on Facebook? What are you goals? Post a link to your page or website in the comment section below and let’s talk about it!  Comment below and let me know which ideas you’ll be implementing.

MARKET NEWS

Canadian snowbirds in sell mode because of lagging loonie

Friday, January 29, 2016

MARKET SURVEY 1/28/16

                                                         Average Market Rate Survey                                                    

01/28/16
(most recent)
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate3.79%0.6N/A
 15-Year Fixed Rate3.07%0.5N/A
 5/1-Year ARM2.90%0.52.74
01/21/16
(previous week) 
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate3.81%0.6N/A
 15-Year Fixed Rate3.10%0.5N/A
 5/1-Year ARM2.91%0.52.74
“The yield on the 10-year Treasury stabilized around 2 percent this week, and the 30-year mortgage rate dipped 2 basis points. The recent market turmoil has given the Fed pause; as was universally expected, the Fed stood pat this week but kept its options open for a rate increase in March. This week's housing releases confirmed the momentum of home sales going into 2016. A hesitant Fed, sub-4-percent mortgage rates (at least for a little while longer), and strong housing fundamentals should generate a three percent increase in home sales this year.”
– Sean Becketti, chief economist, Freddie Mac
The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2.
The financial and other information contained herein speaks only as of the date posted herein. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Averages are for conforming mortgages with 20% down. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage (one point equals one percent of the loan amount). Freddie Mac, and/or the provider of this information, is/are not responsible for business decisions made based on the reported results of the PMMS.

*** Weekly Market Rate Survey as published by Freddie Mac. The above survey is not a direct quote of rate by Fairway Independent Mortgage and is intended solely for the purposes of reporting the published results of Freddie Mac's Primary Mortgage Market Survey®. Fairway Independent Mortgage is an Equal Opportunity Lender. FIMC NMLS ID 2289.


SOCIAL SHARE FOR YOUR WEEKEND

Copy/Paste below link onto your Facebook or LinkedIn. Keeping followers informed keeps you top of mind!

LINK TO SHARE:  http://www.inman.com/next/11-amazing-real-estate-facts-to-entertain-your-brain/

11 amazing real estate facts to entertain your brain

Ever wonder why brass doorknobs are so ubiquitous?

See full post HERE