Inflation Up and Rates Down??? Impact of Hamas/Israel Conflict
Wednesday, October 11
PPI Inflation Came In Hot, But Rates Fell? Producer Price Index (PPI) or “Wholesale” Inflation came in much hotter than expected, but rates fell nonetheless. This surprised many market watchers, as hot inflation reads normally send rates much higher. Impact Of Conflict In Israel: “Flight To Safe...
1% Drop In Rates Brings 5 MILLION Buyers Into the Market
Monday, October 09
1% Drop In Rates Brings 5 MILLION Buyers Into the Market; The Real Crash: Interest Rates Friday’s Jobs Report Was Utter Nonsense Joe Brown, Jeff Snider and Stephanie Pomboy spent the weekend just shredding Friday’s BLS jobs “positive” report. They pointed out how full-time (as opposed to pa...
Why Stocks Will CRASH This Month; Rates EXPLODE to NEW RECORD HIGH!
Friday, October 06
Offer 4.5% Rate with Your Listing! (Temporary Buydowns) I am so glad that I joined the “record high of the month” club earlier this year because they never fail to deliver. I liked it so much in fact that I am now joining the “record high of the week” club, as rates exploded to a new record high ...
Shocking! Population & Households Grew Far Faster Than Home Supply
Thursday, October 05
I have been pointing out how the number of new households has been growing much faster than the number of new homes coming on the market for years. But, I rarely share charts that illuminate the situation as clearly as the two charts I am sharing below. What is so telling for both charts is how t...
Bond Yields/Interest Rates Soar! Uh Oh! What’s Really Scary?
Wednesday, October 04
Panic In The Room! I was at a mortgage conference yesterday with 50 of the biggest producers in the industry, and there was panic in the room. The reason? The bond market was melting down in response to a much higher than expected “job openings” number from the “JOLTS” report. As a result, mortg...
When It Makes Sense to Take a 3% HIGHER Rate
Tuesday, October 03
My Borrower Was Bankrupt – With $160,000 Of Credit Card Debt When I first got into the mortgage business in 1994, a borrower came to me with $160,000 of credit and auto debt and a $160,000 mortgage. He had never missed a payment, but his credit card debt was growing by $500 every month. This is ...