Rates are falling, inventory is coming on line....and the forecast is MAKE RAIN
A DOSE OF WISDOM
"You can’t have a million-dollar dream with a minimum-wage work ethic." – Stephen C. Hogan
THE FIRST HIT
Spring is HERE. Rates are FALLING. INVENTORY is coming on line. The treasury secretary has said they are working diligently at driving down the 10 year yield. A LOT of what we have all been waiting for just showed up at the door!!!
Truthfully....and I know this is a bit harsh....but if you haven't gotten you "stuff" together over the last couple of years to be prepared for what is to come....then shame on you.
The time to get ready is over......
Wrapping up at the Lenders One summit in Cancun. It will be tough to leave but at the same time, I am aching to get back and get busy. I DO love Mexico though!!!
Will falling mortgage rates finally help the housing market? - Can I hear a collective "DUH" here?
WaFd Bank CEO on shifting away from single-family mortgage lending
Came across this when scrolling through LinkedIn this morning. Interesting.......
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 - TECHNICALLY speaking, we broke below that important 4..181$ (starting to like the extra "1")....but I am not sure it has broken it in a convincing way AND it's sitting right ton that support as we head towards the Friday unemployment numbers. Look out below......
ISM Services PMI tomorrow, then.....good chance we chop around until Friday. I REALLY think the market is going to be keen to see those numbers on payroll and unemployment numbers look like. One thing is for sure.....if you have been looking for a little wind for your sails, the graph below looks like a storm is brewing.............
Yesterday was actually a pretty UGLY day in the markets.....and.....I am not so sure they get much better today. Futures are getting uglier by the moment.....but again.....right now......I don't put a lot of weight on the futures other than to say....if you look at the overnight action.....they have had a hard time getting back up off of the mat. As much as people may want or expect a bounce.....well......we'll see..........
I could put up charts of the other indexes, the Nasdaq, the Dow.....but they look essentially the same. Tech took it on the chin hard yesterday.