Mortgage rates gave back some of their drawback last week, as expected. In a presentation last week. the fed chair, Mr. Jerome Powell, also dropped a live f-bomb showing his more human side. We can all appreciate that, but we don't appreciate him suggesting he wouldn't hesitate to raise rates if necessary. That didn't bode well for the rate markets.

We saw the third biggest move in rates between Wednesday and Friday last week within about the last decade. Will they hold? Rate favorable economic news hit the markets all week. We’ll explain along with a VERY good method for realtors to stay in front of past clients that works 100% of the time.

The upcoming week contains a metric ton of big data points dropping. Jobs numbers hit Tuesday (JOLTS), Wednesday (ADP), Thursday (Unemployment) and Friday (BLS). Jerome Powell speaks on Wednesday and we get to hear whether the Fed Funds Rate bumps. Hang on tight! I also share some feedback on some recent headlines around spikes in foreclosures. Hint : It's not as big of a deal as the media claims.

Rates are higher and existing home sales are down. Additionally, the NAR class action lawsuit trial kicked off last week. It’s not time to panic. We will persevere. Also, we share a valuable handout for our realtor partners to help prepare a listing to grab the most attention of those buyers that are still in the market.

We cover the recent quotes from members of the Federal Reserve committee pointing to a potential pause in future rate hikes as well as the major events from last week that affected interest rates. We assumed rates would pull back, but did they?

The September jobs report was released on Friday and it blew the doors off expectations. Sadly, that's not a good thing for mortgage rates as the Fed likely hikes another 25bps this year. Rates aren't coming down any time soon. Fannie Mae also released new down payment guidelines on multi-unit properties.

Last week, the US narrowly avoided a government shutdown after a last-minute vote to extend government funding for 45 days. The looming shutdown will rear it's ugly head mid November, just in time for the holidays. Mortgage rates are creeping past 23 year record highs but we give you some advice on how to help buyers with 2-1 Temporary Buydowns.

Today we discuss the true takeaway from the Fed’s meeting last week (hint : it wasn’t the fact they paused hikes again). We also talk about the goal of the CFPB to remove medical collections from credit reports. Lastly, we share 8 books that realtors need to read ASAP!

It’s the same story of late : inflation continues to remain very sticky. We discuss were the August CPI data landed and what to expect from this week’s Fed meeting. Will we see another 0.25% bump on the Fed Funds Rate? Second homes also appear to be in freefall mode.

Huge report today covering this week's expectations on Wednesday's CPI data for August, the beginning of a consumer credit cycle that could bring down inflation, a move by FHA to help borrowers out and a valuable document Kreg and I put together covering FHA/VA appraisals. You don't want to miss it!