The three big questions for your Realtors®

Uncategorized Aug 03, 2023
 

The significance of asking the right questions cannot be undervalued.  But how do you ask these three big questions if you don’t know what they are? Well, let me help you with those:

  1. “Are you more focused on getting your next listing, or your next qualified borrower?”
  2. ...
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Could this be the end?

Uncategorized Jul 27, 2023
 

Could the rise in interest rates be over? The FED raised rates another 25bps and the markets are thinking this could be it. The next meeting is in September, so we will have a bunch of new data for the FED to digest before that meeting. We start that news with the ECB rate info, Jobless Claims,...

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The Pain can be Real!

Uncategorized Jul 20, 2023
 

With mortgage applications off by more than 20% year over year, many are feeling the pain. Many had thought that we were going to see a much stronger mortgage bond market by now and rates would have been slowly heading into the 5% range. I was one of those people. I still believe that rates will...

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Bonds begin their recovery!

Uncategorized Jul 13, 2023
 

After a good CPI number and a solid 10-year treasury auction, we saw a nice 75bp improvement in the UMBS 30YR 5.5% coupon, which followed up a 19bp gain on Tuesday. Today we have the PPI number and jobless claims, so we might see some more good news and another good day for bonds.

Despite all the...

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Powerful Holiday Weekend Activity!

Uncategorized Jul 06, 2023
 

Amazing how working a plan seems to work! The long holiday weekend was a wealth of opportunity for those that were out and committed to the plan. New contracts keep flowing in and a wave of updated preapprovals and new preapprovals seemed to just keep coming. The only “dry spot”...

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Long Holiday Weekend!

Uncategorized Jun 29, 2023
 

Here we are, sitting on the cusp of a LONG holiday weekend. With July 4th on Tuesday, many are going to make the weekend more like a week! If you are planning to go away and be gone/unplugged for this weekend, please be safe and enjoy yourself. If you are planning on remaining connected and are...

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All things point to recession

Uncategorized Jun 22, 2023
 

I don’t know if it will get called a recession or not, we no longer have a technical definition that is valid since the last two consecutive quarters of negative growth happened and people felt it didn’t suit their political agenda, so they just ignored it and said it wasn’t so;...

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The Fed continues to flounder!

Uncategorized Jun 15, 2023
 

Let’s be honest, the Federal Reserve Board has some serious credibility issues. They either spend all their time looking at old and dated data or refuse to accept any information that doesn’t match their own agenda. How else could we have ended up with “Inflation is...

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Be clear and be real!

Uncategorized Jun 08, 2023
 

 

The bond market has been all over the place, and we have seen rapid movement in both directions in the past few weeks. We also have many originators that are struggling to produce loans and they are promising (and hoping) rates and fees that currently don’t exist to attract business....

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June is here, let summer begin!

Uncategorized Jun 01, 2023
 

It’s June and the summer season is here and it’s going to be a wild one! Rate volatility last week, steadily lower, has given way to some price improvement. Not enough to make up for recent losses, but the unemployment numbers today and the jobs report on Friday will contribute to...

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