PPI.....and probably a lot of chop into FOMC
A DOSE OF WISDOM
“If time be of all things the most precious, wasting time must be the greatest prodigality.” – Benjamin Franklin
THE FIRST HIT
Short and sweet this morning as something I ate yesterday has gotten the better of me.....
I spent part of the day yesterday and will spend most of today at Fairway Independent Mortgage's annual conference.
It's alway such a pleasant surprise when in those waves of people you unexpectedly see the face of a friend you have not seen in a long time.....that was the case a couple of times yesterday. Really......that is the best part of what we/I do.........
I talked to a LOT of people yesterday and will talk to even more today....and everyone sure seems UPBEAT! WAIT!!!! Was that a MORTGAGE CONFERENCE???
It's time to shed all of the negatively and YUCK from the past two year. THE SUN IS OUT....THE DAYS ARE GETTING LONGER.....RATES ARE COMING DOWN.....
and it will soon be Easter........
If you are reading this (Mom)....we have a lot to be thankful for. Let's go make some HAY!!!!
Wholesale price measure was flat in February, compared with expected increase
This step is ‘really important’ if you plan to sell your home in 2025, economist says
Tech and AI Are Advancing, So What’s Next for Mortgage Pricing?
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
10 Year Yield - PPI comes in FLAT, but it looks like we are chopping around a bit waiting on FOMC next week. We have come down quite a bit.....only stands to reason we would give a little back......but with relatively flat CPI and PPI, the market will be keying on what Jerome has to SAY next week. They already are 97% certain they know what he will DO.....