Michael Eberhardt

NMLS# 205119

Branch Manager, Producing

Michael Eberhardt
Branch Manager, Producing

NMLS# 205119
State Lic: CA # CA-DOC205119; AZ # 0911910;
2730 West Agua Fria Freeway
Suite 101
Phoenix, AZ 85027
Direct: (480) 500-4581
Mobile: (602) 499-8001

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It’s all about service at Academy Mortgage, and our company has been meeting the needs of homebuyers across the United States since 1988. I joined Academy because of its strong reputation for integrity-based mortgage lending, its unwavering commitment to responsible lending practices, and for its broad portfolio of mortgage solutions and tools.

Since joining Academy, I have helped many individuals and families attain the dream of homeownership. Whether you want to buy a new home or refinance an existing mortgage, I will provide a customized solution for you at competitive rates. No brokering, no middleman, no hassle, no surprises.

Academy is a direct lender, which means that my Branch and Regional Offices are equipped to complete the entire loan process in-house—all loan processing, underwriting, closings, and funding are handled locally. As a result, we have a proven track record of closing loans as quickly and efficiently as possible.

I will be in control of your loan file from start to finish, and I will be up-to-date on the status of your loan at all times. I understand the importance of maintaining continuous communication throughout the loan process and commit to providing you accurate, timely, and honest mortgage advice.

I invite you to put us to the test. Let me show you how simple and easy securing a mortgage can be.

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Great customer service they went above and beyond to ensure that we understood everything. They made this a very enjoyable process. I highly recommend this company. Tabatha Tackett

NMLS# 205119

State Lic: CA: CA-DOC205119; AZ: 0911910;

Corp Lic: CA: 4170013; AZ: BK-0904081;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;


Now is the time to buy a home

Freddie Mac's Primary Mortgage Market Survey, released on June 4, indicated the average interest on a 30-year fixed-rate mortgage remained the same on a week-over-week basis. However, Bankrate tracked a small decrease from the previous week. In both instances, the rates remained at a higher level than seen in 2015. 

Interested homebuyers may want to make their move now to take advantage of the current rates before they increase as a reflection of a stronger U.S. economy and job market. 

Mortgage rates stay at the highest level seen in 2015. While rates for 30-year FRMs remained the same from last week, the average interest on 15-year FRMs decreased to 3.08% from the previous week's average of 3.11%.

Rates for both 30- and 15-year FRMs remain below the average rates from a year ago at this time. This suggests it is still a good time for interested buyers to apply for conventional mortgages and secure these lower rates.

"Mortgage rates were little changed for the week following mixed economic data before bond yields began moving higher Wednesday afternoon," noted Len Kiefer, Freddie Mac's chief economist. "Although real GDP growth was revised down to a negative 0.7 percent annualized rate, the Institute for Supply Management reported a modest growth in the manufacturing sector in May."

Bankrate tracks little change from the previous week. According to Bankrate, 30-year FRMs decreased slightly to 4.06% and 15-year FRMs jumped to a new 2015 high of 3.26%. Home prices and overall demand for housing may also be responsible for current rates. 

"The numbers are showing home prices growing just about everywhere," said Patrick Newport, an economist for IHS Global Insight. "I think that what's driving them isn't mortgage rates. It's the tight market inventory."

Experts recommend buying now to lock in lower rate. Most professionals in the lending industry believe low interest rates will not continue. If an interested homebuyer can afford a home, he or she should make the move toward purchasing real estate.

In addition, mortgage payments with current interest rates will likely be less expensive than renting a living space. 

"Most people expect the Fed to raise rates by midyear," Newport noted. "Mortgage rates are bottoming out right now."

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.


Pending home sales tick down slightly

The National Association of Realtors released the Pending Home Sales Index on Sept. 28, and the results indicated pending home sales decreased in August. However, there is still a healthy amount of housing market activity. 

Market remains strong. While the index showed a 1.4 percent decrease in August when compared to July, the number of contract signings for new homes is 6.1 percent higher when compared on a year-over-year basis.

With the approach of fall, it doesn't come as a surprise that demand has decreased. However, the fact that the number of contract signings has increased from the previous year indicates the market is strengthening. 

Inventory remains low. The decreasing demand for homes might help with affordability. However, available listings are still limited for those who are looking for a house.  

"Pending sales have leveled off since mid-summer, with buyers being bounded by rising prices and few available and affordable properties within their budget," said Lawrence Yun, the NAR's chief economist. "Even with existing-housing supply barely budging all summer and no relief coming from new construction, contract activity is still higher than earlier this year and a year ago."

Experts expect the national median existing-home price to rise 5.8 percent to $220,300 in 2015. In conjunction with this increase, Yun anticipates existing-home sales to grow 7 percent in 2015. 

The expected rise in both home prices and demand suggests a strong market, but it may leave some interested buyers unable to afford a new house. 

The Midwest offers the most affordable housing markets. For buyers who have decided to apply for a U.S. home mortgage and invest in a new home, but are concerned about affordability, knowing which markets are most conducive to these needs is crucial. According to MarketWatch, cities in the Midwest offer the best affordability for middle-class homebuyers. Some of the most affordable cities include: 

Individuals who decide to invest in homes in these regions can expect to contribute less than 20 percent of their monthly salary to mortgage payments. In addition, home prices in these markets have decreased on a year-over-year basis. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.


Energy efficiency becomes a priority for Obama

Millennial homebuyers will fuel the next surge in the real estate industry. The National Association of Realtors indicated these young adults make up 32 percent of today's buying power. This represents the largest demographic purchasing homes today. 

Buyers are going green. Younger individuals want energy-efficient homes. In fact, an infographic completed by the NAR indicated 10% of buyers younger than 34 indicated they purchased a home due to its efficiency

Accommodating the needs of today's most substantial buying power is crucial when it comes to bolstering the housing market. Steps are being taken to enhance the environmentally-friendly features in houses available to interested buyers. With options catered to their wants, young adults may be more likely to apply for a U.S. home mortgage and invest money in a new house. 

The president proposes greener movement. According to a press release from the White House on August 24, President Barack Obama announced plans to promote energy efficiency across all households in the U.S. 

The Obama administration will continue to promote and support the development of technology which will support a greener lifestyle. Emerging technologies will be encouraged in order to help reduce energy bills and cut down on pollution. 

Clean energy, such as solar-powered housing, is one example of the type of technology supported by this initiative. 

Newly-constructed homes are more energy efficient. Prior to this recent announcement, builders have already been constructing homes that align with the wants of today's buyers, according to the National Association of Home Builders. 

"Our builder members are telling us that more and more buyers are looking at new homes for their efficiency in design and functionality," said NAHB chairman Tom Woods. "Whether it's improved insulation or sustainable building materials, today's new homes can reach higher energy performance and greater durability than was possible even 20 years ago. And programs like the National Green Building Standard help consumers achieve their efficiency needs."

As young buyers become more confident in their financial situations, they will begin to enter the housing market and bolster the industry's overall performance. Catering to their demands will help improve the market dramatically. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2014 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.