Rezamp Lending: Justin Schnettler, Mortgage Lender NMLS #1481888

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.

Following a stronger-than-expected jobs report last Friday, the average top-tier 30-year fixed mortgage rate has continu...
06/08/2026

Following a stronger-than-expected jobs report last Friday, the average top-tier 30-year fixed mortgage rate has continued its upward trend, reaching 6.68%. This marks the third-highest level in the past nine months. The initial jump of 0.08% on Friday was compounded by another 0.02% increase today. While today's market lacked major economic reports, early morning rate movement was influenced by war-related headlines, which briefly offered some relief before rates pushed higher. All eyes are now turning to this Wednesday's crucial Consumer Price Index (CPI) report. This inflation data will be a significant driver for market sentiment and will likely determine the next major move for interest rates. Investors are closely monitoring both geopolitical developments and this key inflation indicator.

Today’s jobs report didn't just beat expectations—it crushed them, with major upward revisions to previous months. While...
06/08/2026

Today’s jobs report didn't just beat expectations—it crushed them, with major upward revisions to previous months. While a strong labor market sounds like great news, it's causing a negative reaction in the bond market and pushing mortgage rates higher. Why? A resilient economy reduces the pressure on the Federal Reserve to cut rates anytime soon. For months, rates have been driven by inflation fears tied to geopolitical events, but this powerful domestic data has temporarily seized control, creating fresh uncertainty for anyone looking to buy or refinance a home. It's a clear reminder of how interconnected our economy is and how quickly the forecast can change.

Today's market was jolted by an unexpectedly strong jobs report that significantly surpassed expectations and included s...
06/05/2026

Today's market was jolted by an unexpectedly strong jobs report that significantly surpassed expectations and included sharp upward revisions for the past two months. This data suggests the labor market is not slowing down but is instead finding its footing, and possibly even accelerating. For the financial markets, this strength removes any immediate argument for the Federal Reserve to cut its benchmark rate. While Fed rates do not directly equal mortgage rates, the market's expectations for future Fed policy are a primary driver for the bond market, which in turn dictates mortgage rate movement. Consequently, this report has put upward pressure on rates, overriding the recent focus on geopolitical inflation risks.

Following a period where mortgage rates hit long-term highs in mid-May, the market has settled into a more stable, narro...
06/04/2026

Following a period where mortgage rates hit long-term highs in mid-May, the market has settled into a more stable, narrow range. Today brought a slight but positive shift, with the average top-tier 30-year fixed rate decreasing by 0.03%. While this may not seem significant, it's an important nuance for borrowers to understand. Since rates are typically offered in 0.125% increments, a small change like this often translates to lower upfront closing costs or points for the same quoted interest rate. This subtle improvement in the underlying cost of borrowing is a welcome sign for potential buyers and those considering a refinance, indicating a bit of relief in the current market and emphasizing the importance of looking beyond the headline rate number.

The bond market, which dictates interest rates, continues to be driven primarily by geopolitical headlines. Recent repor...
06/03/2026

The bond market, which dictates interest rates, continues to be driven primarily by geopolitical headlines. Recent reports of Iranian missile strikes have caused an increase in rates, pushing them to their highest levels in over nine months. For the past three months, the market has reacted to war-related news in a similar fashion to oil prices, with positive developments toward peace causing rates to improve and escalations causing them to rise. While the market is showing signs of "headline fatigue," resulting in less volatility than in previous weeks, the upward pressure remains significant. This trend is a critical development for anyone monitoring borrowing costs, as rates are now at their most challenging point since last year, directly impacting affordability for prospective homebuyers and those looking to refinance.

The bond market experienced an uneventful day, leading to a slight improvement in mortgage rates. The average top-tier 3...
06/02/2026

The bond market experienced an uneventful day, leading to a slight improvement in mortgage rates. The average top-tier 30-year fixed rate decreased modestly from 6.60% to 6.57%. This new rate is exceptionally close to the lowest level seen in over two weeks, which was 6.56%. The market's stability was largely attributed to a lack of significant, market-moving headlines, particularly concerning geopolitical events that impact oil prices. Recently, interest rates have shown a strong correlation with oil price movements due to inflation implications. While oil prices did fluctuate today, they remained within the previous day's range, preventing any major shocks to the bond market and allowing rates to hold steady near recent lows.

Are bigger down payments becoming a thing of the past? Recent data shows the average U.S. home down payment has decrease...
06/02/2026

Are bigger down payments becoming a thing of the past? Recent data shows the average U.S. home down payment has decreased to 15% of the purchase price, down from 16.1% last year.

This shift is happening for a few key reasons:
1. Cooling home-price growth means the target number is lower.
2. Fewer bidding wars reduce the pressure to make a massive down payment to compete.
3. Buyers are wisely trying to hold onto more cash for other expenses.

While down payments are still higher than they were pre-pandemic, this trend signals a bit of breathing room for buyers in a challenging market.

For those who have bought a home recently, what was your experience like? Did you feel you had more flexibility with your down payment?

Following a strong move to recent lows last week, mortgage rates experienced a slight increase to start the new week. Th...
06/01/2026

Following a strong move to recent lows last week, mortgage rates experienced a slight increase to start the new week. The primary driver was a shift in the news cycle regarding Iran, with officials stating peace negotiations are tabled due to hostilities between Israel and Lebanon. This geopolitical tension immediately impacted oil prices, fueling inflation concerns. Since bonds, which set the direction for mortgage rates, perform poorly in inflationary environments, rates moved higher. The average lender increased rates by 0.04%, bringing a top-tier 30-year fixed mortgage to 6.60%. Despite the increase, this is still 0.10% below the recent high of 6.70% seen on May 19th.

For the 8th straight day, mortgage rates have either held steady or moved lower! This consistent downward trend is creat...
06/01/2026

For the 8th straight day, mortgage rates have either held steady or moved lower! This consistent downward trend is creating a significant window of opportunity for homebuyers and anyone looking to refinance. While this positive streak is welcome news, it's important to remember they don't last forever. The market is currently very sensitive to geopolitical news, particularly the situation in Iran, which could cause rates to shift quickly. If you've been waiting for a moment to make a move, the market is certainly providing one right now. Stay informed and be prepared to act.

This week is concluding with a significant positive development, as mortgage rates are set to end at meaningfully lower ...
05/29/2026

This week is concluding with a significant positive development, as mortgage rates are set to end at meaningfully lower levels. We've now witnessed an eight-day streak where rates have either held steady or improved, a consistent trend not often seen. While such winning streaks are encouraging, historical data suggests they are finite, with periods longer than ten business days being particularly rare. The primary driver for future rate movement appears to be geopolitical. An official end to the conflict in Iran could provide further downward pressure on rates, creating more opportunity. Conversely, any re-escalation of hostilities could quickly reverse this progress, pushing rates back toward their recent highs. This creates a pivotal moment for borrowers.

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500 W. Chandler Boulevard, Maricopa
Chandler, AZ
85225

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+14806780446

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