What You Should Know About Mutual Mortgage In conversation with Jenefer Hernandes From Legacy Mutual Mortgage

Published: April 14, 2021, 4:45 p.m.

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All right welcome the show Jason Bible Texas real estate radio network I\'m here with Jennifer Hernandez of legacy mutual mortgage Hey Hey how\'s it going today is an exciting day very exciting all this Wall Street stuff going on and you know I clicked over to a mortgage news daily to see what\'s going on with rates and all that is just kind of been a wacky 70 2:00 hours my gosh well it says every day is. Been a tornado of new surprises yeah say that I think it\'s because there\'s it\'s it\'s this is a 1 things everyone keeps saying as of now it\'s 2021 and you know 20 twenties over walking back to normal like no we\'re not it\'s it\'s just a continuation of the other show right like no 1\'s really going to work they\'re working from home there\'s nobody\'s really watching sports it\'s still just. Lockdown and weird stuff at home so I don\'t know there\'s traffic there is traffic is a little bit more travel I\'ve noticed that the last couple of weeks we were out at dinner night before last and got there and got reservations all that it was pretty quiet till about noon 89 issue that started getting kind of packed resumes in Galleria so maybe that\'s maybe that\'s what it was but we have started to see a little bit a life ran back a little bit so up I was looking at the horror report HA our report and some other things obviously real estate is way way up case Shiller came out with their metrics some of their data pretty recently 9 percent increase in prices nationwide in the last 12 months so it\'s it\'s getting kind of it\'s getting kind of while all the all time highs for new construction new construction getting more expensive no surprise there and then I see this little note and they talked about this during the election now looks like it might come to fruition is a $15000 tax credit for first time home buyers. So if you guys thought you were busy in the mortgage business now yeah I have I\'m putting my seatbelt on that\'s for sure yeah. Yeah it\'s it\'s it\'s getting it\'s getting pretty wild out there just to see that in the interesting commentary that I\'ve I\'ve seen a lot of articles is up we don\'t have a demand problem in real estate right now there\'s plenty of people buying houses right we have a supply problem is just not enough houses and how is that going to fix the problem well it is it\'s just gonna create more demand because now they get such a $15000 off on a on a house so in your business course you were here about a month ago I imagine really haven\'t seen that many changes unless you\'re just getting more more busy every single day I. It has not slowed down that January always brings your on lots of people\'s to do lists because holidays are over and so we normally have an influx of more referrals and more more leads in in January but where it is different I mean this is by far the most busy January February ever and we get purchases to priorities so up priority to purchases now what we\'re hearing we\'re seeing especially in the sub 300 price range. 10 to we heard at house 30 offers on a house a couple weeks ago I think it was in kind of the cypress to 90 corridor in a jocular areas were 250 and under as yeah and we\'re starting to hear we were pre approving someone right now they\'re gonna put on a builder contract this weekend he said hurry hurry hurry I need the pre approval now because we\'re like 1 of 10 or 15 people that want this 1 lot that\'s coming live on Saturday and I have to be the first in line for the sliding so we\'re starting to hear that we\'re starting to hear that when you said building price per square foot. 

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