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Veterans Day; Most Lenders/Lock Desks Closed; Something Positive

JVM Lending is closing today at Noon, and our Mortgage Banking arm is closed altogether.

Here is some positive news to brighten up this Veteran’s Day.

The outlook for a continued robust purchase market is extremely good. This is b/c so many “millennials,” who have been sitting on the sidelines and not buying homes, are finally coming into the market to buy. They are expected to continue to do so in large numbers for years to come.

As we mentioned before, major mortgage banks and huge developers are literally staking their entire future on this fact.

So, while there may be slowdowns, corrections, rate-increases, etc., the long-term outlook for home-buying is exceptionally good purely b/c of the demographic trends.

Jay Voorhees
Founder/Broker | JVM Lending
(925) 855-4491 | DRE# 01524255, NMLS# 335646