Remember last week when Andy said that there were two big, REALLY BIG things happening?….Jerome Powell AND Jobs! First off, Jerome Powell testified in front of the Senate Banking committee Tuesday March 7th and Wednesday March 8th . He pretty much sounded like he was reading off the same set of notes from the last […]
A recent report estimated the national residential home equity total was $47.7 trillion in June 2022, but but the end of 2022 that total declined to $45.3 trillion. There’s no reason to freak out though! In this episode we talk about what’s going on, why this is happening, and what people should do!
As I mentioned, last week was going to be a bit light, yet there are still a few things we need to keep aware of: Monday February 27th Pending Home Sales had a pretty low forecast of 0.9%, but came in REALLY hot at 8.1%. This is a great print on the surface, and we’re […]
It’s hard to believe we’re already 2 months into the new year. There’s already been a LOT of chatter about mortgage and real estate, but we have A LOT OF YEAR LEFT TO GO. This week we talk about the topics most likely to be atop the conversation!
As I mentioned, last week was packed with economic data Tuesday, we got Flash PMI which came out a bit better than expected, which was nice to see. Wednesday Fed Meeting Minutes came out – which is what I was really waiting for – and most of the attention was put on an interesting statement […]
This week Ximena Munoz, our amazing Loan Processor, joins the show to discuss what it takes to have a seamless loan experience. Memo, Brian, and Ximena share practical steps and best practices you can put in place to give yourself the best chance at a smooth closing!
As I mentioned, last week was packed with economic data MoM CPI, YoY CPI, CORE CPI all came at or higher than expected which is a clear sign that we are still NOT where the Fed wants to be. Retail sales and Core Retail Sales BOTH came in higher than expected, which seems great on […]
What do spending money, market liquidity, and inventory have to do with rates decreasing? In this packed episode we talk about it, in addition to: Important things that have changed since the Fed meeting on February 1 Why we can’t use seasonal employment when qualifying loan applicants How the mortgage market must to become more […]
Last week Jerome Powell spoke at the economic club of Washington D.C. – and as was expected, no big deal no new news. Same went for Fed Member John Williams when he was interviewed at the Wall Street Journal’s CFO Network Summit. More of the same, but that’s cause for concern because the Fed is […]
Jerome Powell and the Fed just raised the Fed Funds rate again, this time by 0.25% as expected. But more important than that was what Jerome had to say about it. In this episode we break down some of the repeated comments along with some new ones as we call out double speak and what […]