February is a wrap. March is going to be HOT!
A DOSE OF WISDOM
“It was one of those March days when the sun shines hot and the wind blows cold: when it is summer in the light, and winter in the shade.” ― Charles Dickens
THE FIRST HIT
Life's simple pleasures.......I am wearing a new pair of tennis shoes to the gym this morning. I feel like a king........
I think we are all about to need a new pair of tennis shoes.......things are about to heat up!
We have those days in Texas that Dickens writes about above in the daily quote..... A cold winter day, crisp and clear, with the sun beating down. Hot enough to redden your face in a few minutes in the sun, and cold as the Dickens in the shade. There are many days when I am working from the house when I will step outside, set the timer on my watch for 10 minutes, and just sit, eyes closed soaking up the sun. Spring will be here soon.....and the scorching heat of summer right behind it........
I am headed to the Lenders One conference in Cancun tomorrow and not too long after that, we'll be at The Mortgage Collaborative's conference here in Texas! If you will be at either conference and would love to learn how Click n' Close's SmartBuy? Nationwide DPA can help you grow your business shoot me a note and let's spend a few minutes chatting. SmartBuy? is NOT YOUR TYPICAL DPA!!!
MGIC's Self-Employed Borrower (SEB) Borrower and Income Analysis worksheets for the 2024 Tax Year are now available! - If you have never used MGIC's SEB income worksheets, you should. They are pretty much the standard by which these things are judged. A LOT of lenders use these, in fact, our underwriters use them at Click n' Close. They are dirt simple and accurate.
Sellers ramp up price cuts to woo struggling buyers (January 2025 Market Report)
The latest from Top of Mind
Click n' Close SmartBuy Program - If you have not added this arrow to your quiver, you are not fully armed to attack the market. No income restrictions - No First-time Homebuyer restrictions, available NATIONWIDE (sorry NY), forgivable, non-forgivable and shared appreciate mortgage (SAM) options... and you can buy down the rate!!! Instead of adding a slew of different state DPA's add ONE!!!! One that can expand your customer base, help your customers tackle affordability issues AND increase your bottom line!!!
CONTROLLED MARKET SUBSTANCE
Let's play a game.....today is the end of February. At the moment, the market give little to no chance of a rate cut in March. That is pretty much a given.
In May.....there is only a 30.2% chance of a 25bp cut and virtually no chance of a 50 bp cut. Then in June, about a 54% chance of a 25 bp cut and only a 19.8% chance of a 50bp cut. We'll come back in a couple of weeks...say March 15th...and see how much these have changed.....
10 Year Yield - PCE this morning!! do we get that 4.181% today??