Mortgage Update - July 15th, 2024
CPI came in lower than expected, which is a hopeful sign for everybody's wallet AND for potential rate cuts in the future. But then PPI dropped the next day and it scared me a bit moving violently in the wrong direction. Will smaller companies survive a surging inflation on the production of goods and services? Major Ohio cities are still red hot relative to other parts of the country, but we are starting to see some signs of cooling. Lastly, markets started placing bets on a Trump re-election after the weekend's tragic events. What does a Trump win mean for rates?
Mortgage Update - July 8th, 2024
Another less-than-stellar jobs report under the covers. Top line still looked promising. But you know there are always secrets hidden in the details. Unemployment also hit a multi-year high at 4.1%. Will we see inflation make moves lower on Thursday?
Mortgage Update - July 1st, 2024
The first debate of the presidential election was…interesting. I’ll explain what typically happens to the housing market in the year following a presidential election. Also, both existing and new home sales are starting to slow on an annualized basis. This week we’ll see the big jobs data…hold on tight!
Mortgage Update - June 24th, 2024
Already half way through the year and it’s been a doozy. But the second half looks like it’s shaping up to be more wild than the first. Sale prices are coming down in pockets of the country and inventory is growing. Additionally, we have access to a free invite-only masterclass on Wednesday. Find out the details!
Mortgage Update - June 17th, 2024
It was an eventful Wednesday last week with CPI data releasing in the morning and the Fed's press conference in the afternoon. Mortgage rates had a wild ride. Fortunately, I'm here to give you the full breakdown and where rates stand today. If you're a realtor or a first time homebuyer looking to improve your credit, check out this week's value bomb with 9 ways to boost your credit FAST.
Mortgage Update - June 10th, 2024
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?
Mortgage Update - June 3rd, 2024
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.
Mortgage Update - May 27th, 2024
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.
Mortgage Update - May 20th, 2024
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.
Mortgage Update - May 13th, 2024
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.

