Market Update - June 26th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - June 26th, 2023

This week we discuss our expectations on where rates will be going in the foreseeable future...more than likely, it's "higher for longer". New construction is booming. Realtors should be leveraging that option for their clients. Lastly, we discuss the Feds current thinking on where the Funds rate will go through the remainder of 2023.

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Market Update - June 19th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - June 19th, 2023

Was last week as volatile as we expected in the mortgage industry? We saw the CPI news on Wednesday morning followed by the Fed meeting later in the afternoon. Markets went crazy, right? Right? We'll explain what happened along with some news on income limit adjustments for Home Possible/Home Ready loans. Lastly, we've got 23 ways for realtors to generate leads that you'll have to see!

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Market Update - June 12th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - June 12th, 2023

This week we discuss the monster news week ahead. We are preparing for the CPI (inflation) data on Tuesday and the PPI (inflation) data on Wednesday morning. The Fed announces whether they will hike rates again on Wednesday afternoon. Lastly, we discuss how home prices continue to climb particularly in strong markets like central Ohio.

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Market Update - June 5th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - June 5th, 2023

This week we discuss the reasons rates pulled back last week but then whipsawed higher on Friday due to a jobs report that was on fire! We also discuss a new FHA proposal to help borrowers with their payments and a value add you don’t want to miss.

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Market Update - May 29th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - May 29th, 2023

This week we discuss the major economic impacts that last week that sent mortgage rate skyrocketing, the resolution of the debt ceiling debate and the need for trusted advisors during times of uncertainty.

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Market Update - May 22nd, 2023
Nick Steinhauer Nick Steinhauer

Market Update - May 22nd, 2023

This week we discuss what causes mortgage rates to move using examples from last week, the debt ceiling and it’s effect on interest rates, leading indicators of a potentially slowing economy and a mortgage hack for those teachers, veterans, police officers and other heroes looking for down payment assistance.

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Market Update - May 15th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - May 15th, 2023

This week we discuss the elimination of the future loan level price adjustment for high debt-to-income, the May 10th inflation data bust, what could potentially cause rates to drop in the future and a mortgage hack for those self-employed borrowers out there.

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Market Update - May 8th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - May 8th, 2023

This week we discuss the Fed’s 25 basis point bump last Wednesday as well as the super strong jobs report from Friday. This week is the April CPI data which may continue the drawdown of inflation.

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Market Update - May 1st, 2023
Nick Steinhauer Nick Steinhauer

Market Update - May 1st, 2023

This week we discuss the upcoming Federal Reserve meeting on Wednesday. Volatility may be pretty chaotic over the next two weeks. Our mortgage hack uncovers reasons why some of our clients are taking out cash-out refinances in this higher rate environment.

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Market Update - April 24th, 2023
Nick Steinhauer Nick Steinhauer

Market Update - April 24th, 2023

This week we discuss the Conventional loan-level price adjustments that caused such a frenzy. Our mortgage hack shows how easy it can be for a realtor to save for their own down payment. Lastly, we share how chopping down a tree relates to realtor success.

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