Motto Mortgage Gains Momentum With 100 Franchises Sold

Motto Franchising LLC has announced the sale of its 100th motto mortgage franchise, a major milestone just 23 months after its launch. Motto Mortgage was established late october 2016 and sold 50 franchises in its inaugural year in business.

With us this morning on the call are John Saunders, President; and Greg Motto. continues to gain momentum as tenants complete construction and commence operations. The DAYTONA, the Marriott.

 · Then, inexplicably, starts kicked up again in April, growing 5.7% to 1.235 million seasonally adjusted units. More importantly, both single- and multi-family segments saw consecutive monthly gains from February through March. In May, however, the brief momentum stalled.

 · Home price gains had been shrinking, but the gains increased again in June for the first time in 14 months, according to CoreLogic. “Interest rates on fixed-rate mortgages fell by nearly one percentage point between November 2018 and this May,” said Frank Nothaft, chief economist at CoreLogic. “This has been a shot-in-the-arm for home sales.

The company on Wednesday revealed that it extended that positive momentum into 2019 and management responded by raising their fiscal year growth outlook. More on that brightening forecast in a moment..

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If the sales go poorly, we could see broader selling in the bond market that leads to upward revisions to mortgage rates. On the other hand, strong sales usually make bonds more attractive to investors, bringing more funds into the bond market. The buying of bonds that follows translates into lower mortgage.

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