Europe and Canada cut interest rates last week. Is the US going to follow? The May jobs report is a tale of two realities. The establishment survey vs. the household survey paint wildly different pictures. Which one is accurate?

If you need a good conversation starter at all these graduation parties you are attending, check out a program for recent graduates in the state of Ohio. Also, it looks like new homes are basically making up the entirety of the home sales market. Lastly, the US economy had some rough data points last week that show signs the "lag effect" may finally be here.

Happy Memorial Day! This past week, the stock market hit all-time highs. Folks with 401ks are dancing in the streets. But what implications does that have for the mortgage industry? Also, find out how much home values have pumped in the last 4 years.

CPI hit market expectations last week for the first time in 2024. Every loan officer gave a collective sigh of relief. Rates pulled back for the second week in a row, which is a blessing. We also looked into the future of housing depicted in one chart - 2050 US population expectations. Lastly, we dropped an awesome PDF detailing useful scripts to re-engage with clients.

Interest rates started to nudge a little lower this week, which is welcomed after the 2024 highs at the end of April. Freddie Mac is also looking at potentially making it cheaper to take out equity from your home. Lastly, big inflation report coming out this Wednesday.

Last week was a big news week and mortgage rates pulled back a bit. Why? Jobs are still pretty strong and Jerome Powell didn't cut rates at the 3rd Fed meeting of the year. So then why did interest rates settle down a bit? I gotchu covered! Also, I share details on how the realtor/lender relationship will change with the NAR settlement. Nobody is talking about this.

Inflation continues in the wrong direction and investors are starting to take a giant bite out of the American Dream. A much smaller % of homes are owned as primary residences showing signs that more and more Americans are renting vs. owning. Lastly, all eyes are on the Fed this week and we get the April jobs report on Friday. Buckle up!

There was a lot of posts around social media on a “new” Fannie and Freddie announcement specific to buyer commissions from the NAR fallout. But was anything really announced? Also, if you have a pre-approved client or you are personally pre-approved, make sure you check with the lender to ensure everything is still kosher. Rates have pulled to their highest level in 2024.

Anybody still left in the camp thinking Powell's cutting rates this year? Inflation is too hot, jobs are too hot, job less claims too low. We won't get any rate cuts this year. We've also pulled together a PDF for agents on how to claim V.A.L.U.E in response to the NAR news.

March jobs report from the US Bureau of Labor Statistics shocked to the upside again. But there is something brewing under the covers. Grandma and grandpa are want to stay put which isn’t going to help the housing shortage. US inventory levels, however, are improving.