Did you Hit the Pricing Window? Home Values, Fed Governors & CPI
Early this week I locked a client purchasing a primary home at the best 30yr fixed conventional par rate* I’ve locked since October 2022. I’m certainly not a huge producing loan officer, but in that time period I’ve closed 100 loans and about 85% of them were conventional. If we look back over the previous […]
Mortgage Fraud, GDP, Rents, Inflation
Mortgage Fraud has captured headlines in 2025 with prominent politicians in the limelight but the Cotality report for Q2 shows only a 1.4% year over year increase, with fraud happening in 1 of 116 applications. Data does show, however, that a particular segment is seeing a large increase with investment and multifamily transaction, particularly with […]
Mortgage Rates, Home Sales, Rents, and Applications
Mortgage Rates – improved this week after Fed Chair Powell’s comments on the job market slowdown being larger than he previously believed. Mortgaged-Backed Securities are in the best position they have been since September 2024. Rates are in the same position they were this time last year. Existing Home Sales came in slightly better than […]
Rate Update, Jobs Report, Home Values
Mortgage Rates – improved this week to their best levels since April. The price of Mortgaged-Backed Securities jumped up in response to a lack luster jobs report. Rates are unchanged from this time last year. Jobs – the BLS Jobs Report reported only 73,000 jobs created in July, weaker than estimates of 110,000. The raw […]
Groundbreaking! Inflation, SFRents, and Builder Sentiment
Groundbreaking – after over 4 years of planning and sourcing funds we broke ground on Voyagers’ Village a 41-unit affordable housing project that features the first Community space dedicated to the Micronesian Islander Community in the Continental US (that we know of). The apartment will feature 6 units that will be held for folks who […]
Happy Father’s Day, Creative Solutions, Inflation update
Happy Father’s Day! Don’t forget that you can buy a home for your Dad to live in, and get the same rate and terms as if you were purchasing a primary for yourself! Mortgage Rates – improved this week as the price of Mortgaged Backed securities almost hit 30-day highs in response to favorable inflation […]
Dollar Stores, Jobs Report, and Bank Deregulation?
Positive Forecast – while many companies and shoppers are tightening their budgets and lowering their forecasts, Dollar General is expecting increased sales. Sales are up 2.4% from Feb-April year over year. Historically, dollar stores thrive during tough economic times and Dollar General is forecasting 3.7% – 4.7% growth in net sales (even in light of […]
FHFA Privatization? Apartment Rents, Inflation, and Home Values
Will Fannie and Freddie (FHFA) go back to being private companies? Established 17 years ago with the Housing and Economic Recovery act of 2008, Fannie and Freddie were put into government conservatorship (essentially bankruptcy) which no longer allowed them to retain profits. The government also guarantees these mortgages, which make them attractive for large secondary […]
$TRUMP, Consumer Debt, Consumer Sentiment
$TRUMP Coin is currently priced at $13.00, with 200M coins in circulation. Since its launch, right before inauguration, the Trump team has profited over $300M. With an estimated 800M coins left to release there is a potential of over $10B in profit. What’s the value in this coin? Like all meme coins, the value is […]
Gulf Trip, Inflation Reports, Rents Update
Gulf Tour – Here are the highlights from the gulf tour in addition to the $400M ‘flying palace‘ – UAE to import 500,000 of Nvidia’s AI Chips. UAE committed to $1.4T investment framework in US sectors – Sanctions have been lifted on Syria after 42 years, shocking our own sanction officials. – Iran offered a […]