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.

It was a rather quiet week in mortgage news but the start of the second quarter is heating up. Big jobs numbers this week. Additionally we have an opportunity for a free webinar on the NAR settlement this Wednesday. MAKE SURE YOU CHECK IT OUT!

Last week, Jerome Powell and the Fed held their March meeting and HELD the Fed Funds Rate. He did confirm that he expects 3 cuts this year. Also, more and more housing experts weighed the big NAR announcement. Read about the good news and the bad news. Lastly, the “lock-in effect” may be thorn in our sides for a while longer.

Last week, the NAR reached an agreement that involved settling for a significantly reduced amount but made some additional changes that will change the very landscape of the US housing market as we know it. Additionally, we discuss the latest round of inflation data.

Last week President Biden outlined a proposal with ideas on helping the housing industry in his State of the Union and there was another scorching jobs report. How did these affect the industry as a whole?

Mortgage rates saw some relief late last week from the PCE inflation report. This week, all eyes are on Powell’s testimony in front of the House and Senate as well as the big jobs report on Friday. Lastly, there is a surprising tidal wave of inventory that will start coming onto the market during the next 10 years.