I can feel it in the air. I lived through 2008 in this industry. Its different this time but the road to recovery looks the same. There are deals to be had, less competition and you can negotiate.

Have an amazing week….

Looking back to January 2022 I had an optimistic glean in my eye. Oh what a year makes. It’s impossible to predict the future of course, but try we will. As with inflation so goes the rates. We have seen modest improvement the last two weeks and expect the trend to continue.

When looking at a home think back to the last two years with multiple offers and the need to overbid. We are not in Kansas anymore, thank goodness. Except for those who live in Kansas, beautiful State…

is what the money Managers are saying. this is all good news for interest rates. CPI (Consumer Price Index) came in as expected – lower. 30year auction this afternoon. If demand is high, we should see continued rate improvement. Lets float today but keep an eye on the prize.

Tomorrow Morning the Consumer Price Index inflation report for December will be released. What is important is the Drop and how much. Last two times investors held off buying mortgage bonds ahead of the report (bad mistake), will they do it again this afternoon?? We are floating our locks but its going to be a bumpy ride.

The lag of Cumulative impact….. When you adjust and keep adjusting without paying attention to the outcome, it makes for a rough road. Lets hope the Feds slow down the hikes.

Rates have been impacted but only slightly. Floating stance for now.

Nice way to say the US economy continues to weaken and now spreading into services. Great news for interest rates as we are recommending floating for now. CPI Consumer Price Index comes out Thursday. We suspect a big rally in the bond market again to our favor.

Are you on the purchase fence? might be time to ask your lender to run numbers again, you might be surprised.

Its about wage growth putting less pressure on inflation. This is what the Feds are laser focused on. We are waiting for next weeks CPI (Consumer Price Index) inflation report. If it comes in even slightly lower than expected 5.7-5.8 we may see another rally in the Bond Market to our favor. We are advising Floating on our clients locks. we are up 70bps today which is huge.

Welcome to my Blog. Looking forward to 2023

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