Rezamp Lending: Justin Schnettler, Mortgage Lender NMLS #1481888

Call Directions Contact the business

Rezamp Lending: Justin Schnettler, Mortgage Lender NMLS #1481888 Providing opportunities for low rates, hassle free mortgages for buying or refinancing a home in AZ.

You've heard the horror stories...how hard it is to qualify, not to mention the fighting, shopping, and haggling to get a good rate.I've got great news...

When you're ready, the next step in getting a low rate mortgage made easy is to contact me so we can review your unique situation and make sure that you get a low rate mortgage without the stress and hassle.

Today presented a counterintuitive move in the mortgage market. Despite a weaker-than-expected jobs report, the average ...
10/02/2026

Today presented a counterintuitive move in the mortgage market. Despite a weaker-than-expected jobs report, the average rate for a top-tier 30-year fixed mortgage increased by 0.04% to an index of 7.57%. The headline data showed the unemployment rate rising to 4.2%, which would normally suggest lower rates. However, the market looked deeper, noting that the unrounded numbers showed a much smaller increase and that more people entering the labor force skewed the result. Without that influx, the unemployment rate would have been a much stronger 3.951%. This underlying strength, combined with rebounding oil prices and easing concerns in European bond markets, caused bonds to reverse their initial gains. As a result, lenders who had offered lower rates this morning were forced to increase them by the end of the day.

We saw a rare and welcome bit of relief in the mortgage market today. The average top-tier 30-year fixed rate fell from ...
10/01/2026

We saw a rare and welcome bit of relief in the mortgage market today. The average top-tier 30-year fixed rate fell from 7.60% to 7.54%, a significant single-day drop. This move was driven by a rally in the underlying bond market, influenced by several factors rather than one single event. These include traders adjusting positions ahead of tomorrow's crucial jobs report, concerns over European bond markets, reassuring comments from Fed speakers, and a technical buying opportunity when the 10-year Treasury yield hit 5.34%. While this dip is a positive development, its sustainability is uncertain.

Despite a brief moment of optimism following this morning's PCE inflation data, the bond market reversed course, pushing...
09/30/2026

Despite a brief moment of optimism following this morning's PCE inflation data, the bond market reversed course, pushing mortgage rates to another long-term high. Top-tier 30-year fixed rates have now climbed to 7.60%. This upward pressure isn't due to any single piece of daily news, but rather a broader and rapid reassessment by the bond market regarding the future of Fed policy, persistent inflation, and the supply/demand equation for government debt. While month-end trading mechanics may add some volatility, a significant drop in rates will require major catalysts. The market is looking for either a substantial weakening in economic data, a significant and sustained drop in inflation, or a resolution to geopolitical conflicts that would lower fuel prices. Until one of these occurs, the high-rate environment is likely to persist.

Mortgage rates continued their upward trend, with the top-tier 30-year fixed rate climbing to 7.58%—the highest level re...
09/29/2026

Mortgage rates continued their upward trend, with the top-tier 30-year fixed rate climbing to 7.58%—the highest level recorded since November 1, 2023. This increase is driven by the bond market recalibrating its expectations for Federal Reserve policy, economic growth, and inflation. Interestingly, while the 10-year Treasury yield has reached highs not seen since 2007, mortgage rates have shown relative strength. This is because they are tied to Mortgage-Backed Securities (MBS), which have outperformed Treasuries compared to last year's levels. Today's economic data had little impact, with market analysts pointing to other factors like the quarter-end trading environment as a significant source of the current upward pressure on rates. The market is watching to see if dynamics shift as we enter the new month.

Following a promising bond market rally last Friday, mortgage rates have unfortunately reversed course. The average top-...
09/28/2026

Following a promising bond market rally last Friday, mortgage rates have unfortunately reversed course. The average top-tier 30-year fixed rate has now climbed to 7.50%, a significant benchmark not seen since April 30, 2024. While short-term correlations with oil prices have been observed recently, today's rate increase cannot be solely attributed to them, as oil prices fluctuated without a consistent impact. Instead, the upward pressure stems from a familiar list of factors. These include persistently strong economic data, market anxiety about upcoming reports, and ongoing supply and demand imbalances within the Treasury and broader bond markets. Although no single major event triggered today's spike, the cumulative weight of these existing pressures is clearly influencing the lending landscape.

Mortgage rates just jumped more than half a point in only two weeks, an unusually rapid pace that has historically happe...
09/28/2026

Mortgage rates just jumped more than half a point in only two weeks, an unusually rapid pace that has historically happened less than once a year. This surge has pushed the average 30-year fixed rate to just under 7.50%, nearing the highs we saw at the start of 2024. While this is a significant move, it's still below the 8% peak from last October. The market is now holding its breath for next week's major economic data releases and watching geopolitical headlines, which will likely dictate the next major move for rates. Are you watching the market closely?

The mortgage market is experiencing significant volatility, with rates rising more than half a point in just two weeks—a...
09/25/2026

The mortgage market is experiencing significant volatility, with rates rising more than half a point in just two weeks—an extraordinarily uncommon pace. While yesterday's increase was a modest 0.04%, the average top-tier 30-year fixed rate is now sitting just below 7.50%. This level is near the highs from early 2024, though still comfortably below the 8% peak we saw in October 2023. Interestingly, the underlying bond market actually improved, which typically signals lower rates, highlighting the current market uncertainty. Future rate movements will be heavily influenced by upcoming economic data and any geopolitical headlines that could impact oil prices, with increased volatility expected.

While many reports highlight the Freddie Mac survey hitting 7.03%, this is a lagging indicator and doesn't reflect today...
09/24/2026

While many reports highlight the Freddie Mac survey hitting 7.03%, this is a lagging indicator and doesn't reflect today's market reality. That survey averages rates from last Wednesday through yesterday, artificially lowering the number. In truth, the market first broke the 7% barrier on September 10th. Since then, Fed comments, higher oil prices, and strong economic data have pushed rates even higher. As of yesterday, the daily rate index was already at 7.26%, and today it has jumped significantly to 7.45%. This represents the true cost of borrowing, as any quotes near or below 7% today likely involve paying significant upfront points to buy down the rate.

The market experienced a significant jolt today after a period of relative calm. While 10-year Treasury yields began the...
09/23/2026

The market experienced a significant jolt today after a period of relative calm. While 10-year Treasury yields began the day in a familiar range, an unexpectedly strong economic report—a "tail risk" event—dramatically shifted sentiment. This data was particularly impactful following recent Fed commentary suggesting the rate hike outlook could be "too low" if the economy proves hotter than expected. The market reacted immediately, repricing future Fed rate expectations. As a result, 10-year Treasury yields surged over 5.1%, and the average top-tier 30-year fixed mortgage rate jumped 0.09% to 7.26%. This rate matches highs from early 2025 and is the highest level seen since May 2024, signaling increased borrowing costs.

We saw some positive movement in the mortgage market, with rates for top-tier 30-year fixed loans dipping to 7.17% from ...
09/22/2026

We saw some positive movement in the mortgage market, with rates for top-tier 30-year fixed loans dipping to 7.17% from 7.19%. While a modest change, this marks the lowest level in a week and matches the rates seen in mid-September. The primary driver for this relief came from external economic factors, specifically a drop in oil prices. This was triggered by geopolitical headlines suggesting a potential reopening of the Strait of Hormuz, which eased market tensions. As oil prices and corresponding bond yields moved lower throughout the day, mortgage rates followed suit. This demonstrates how sensitive the lending market is to global events, providing a small but welcome window of opportunity for borrowers monitoring the landscape.

Address

500 W. Chandler Boulevard, Maricopa
Chandler, AZ
85225

Telephone

+14806780446

Website

Alerts

Be the first to know and let us send you an email when Rezamp Lending: Justin Schnettler, Mortgage Lender NMLS #1481888 posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Rezamp Lending: Justin Schnettler, Mortgage Lender NMLS #1481888:

Shortcuts

Share

Category