When does 25 equal 41?
This isn’t some kind of new math, it’s much more a reality of the mortgage industry. So, what do I mean by saying when does 25 equal 41? Simple, there are about 25 days left from today to produce a loan that will close in 2024. Where does the 41 come into play? There are 41 days left...
Markets react to change!
Just as I spoke about last week, the markets are digesting the election results and forming opinions on exactly what it all means. At the same time, as nominees for cabinet positions are being announced, the markets must think about what direction or policies may result from each selection. This...
The Election Reaction!
Well, at least we are mostly done with news that will move the markets. Last week’s Jobs Report was about as bad as it could be, prompting improvement in mortgage pricing. Then the roller coaster of polls back and forth propelling the betting line on the presidential race to bounce around...
Trick or Treat!
Case Shiller, JOLTS, ADP, GDP, Pending home sales, PCE, initial and continuing jobless claims, October Jobs Report, and oh yeah, a small thing like the election next Tuesday that will determine the course and direction of the country all coming in this week through next Tuesday, it’s no...
Will the holiday season push people over the edge?
Credit card debt is at an all-time high and going higher. How much longer will it be before the credit card companies begin to stop extending credit limits and exhaust the last lifeline many consumers have to try to stay afloat? Could this upcoming holiday season be the final nail in the consumer...
Efforts vs Outcomes!
As we continue to roll through business planning month, I feel the need to be sure you all understand the importance of knowing the relationship between your efforts and your outcomes. Making significant investments of time and energy into different areas of opportunity is a part of our business....
Before, during, and after the storm!
I had to post a little early this week in advance of Milton’s arrival. You live in South Florida long enough, you kind of go into “hurricane mode” and do what you need to do in advance of a pending storm. Most who live here are prepared, some are not. So as Milton bears down on...
Itβs October, ten weeks left!
Welcome to October! So much to do, only ten weeks left to get it done to close out 2024 strong and roll into 2025 with a full pipeline! As you know, October has always been business planning month for me and my clients because you need time to do the work, set in place the strategies and...
Calm before the storm!
Yes, the FED cut the overnight lending rate by fifty basis points and mortgage rates went higher! Yes, the markets moved higher on the 30-day rates, but have you looked at 45- and 60-day pricing? Pricing on longer term locks is signaling that the markets are betting on the rate market going...
The first of many!
Yes, we finally got a FED rate cut and while the FED has had a long-standing policy not to move the needle on interest rates in a presidential election year, it looks like Jerome Powell didn’t want to end his tenure as FED Chairman letting the economy fall into a deep recession. While I am...
