MMB Advisors at LPL Financial

06/02/2026

True or false: Americans in March 2026 are applying for fewer mortgages than they were during the Great Recession.

True. And it's not even close.

96 OF THE 100 LOWEST NUMBER OF WEEKLY MORTGAGE APPLICATIONS SINCE 1999 HAVE HAPPENED IN THE LAST 3 YEARS! (according to the Mortgage Bankers Association's Mortgage Application Index)

Yet, unemployment today is a fraction of what it was during the financial crisis.

People aren't staying out of the market because they can't qualify. The market is gridlocked. Here's why. 👇

1️⃣ Millions of homeowners locked in at 3 percent during the pandemic. Selling means giving that up for another mortgage that may have a higher interest rate. So they're not moving.

2️⃣ If existing owners aren't selling, inventory can become thin, prices might stay elevated, and buyers wait for something to change.

3️⃣ Most are waiting for rates to drop. But when they do, demand may pick up, competition returns, and that window closes faster than expected.

Here's the truth about market timing: it almost never works the way people picture it.

The better question isn't "When is the right time to buy?" It's "Am I financially ready to move when the right opportunity comes?" 📋

06/01/2026

The timeline for normal shipping traffic through the Strait of Hormuz remains an important focus for global markets.

Recent prediction market activity suggests uncertainty around how quickly traffic through the strait could return to typical levels, even if broader diplomatic progress continues.

The Strait of Hormuz is a key route for global energy shipments, so changes in shipping activity can affect oil markets, fuel prices, transportation costs, and broader inflation trends.

Traders recently placed a 38% probability on traffic returning to normal by July 1, with higher odds for a later timeline.

While these numbers can change quickly, they offer a snapshot of how markets are weighing geopolitical risk, energy supply, and timing.

For households and businesses, the broader takeaway is that global shipping routes can significantly affect everyday costs, especially when energy markets are already under pressure.

Despite reports Iran could return the passageway to normal traffic flows within a month of a peace deal, Kalshi traders thought that was unlikely.

05/29/2026

According to a Fidelity article, for the ‘25-’26 school year, the average published all-in cost at a 4-year public school for out-of-state students is $45,780, and the average private school costs $60,920.

So, because today is 529 Day (it’s 5/29, get it? 😂), it’s a good time to revisit one of the most flexible tools for tackling those numbers.

What 529 plans actually do:

📚 Tax-free growth and tax-free withdrawals for qualified education expenses. State tax treatment will vary, and so will fees and expenses.

📚 Use them for college, trade school, K-12 tuition, and apprenticeships. A 529 can even repay up to $10,000 in student loans.

📚 Whether a 529 qualifies for a state tax deduction will depend on your state of residence, as state tax laws and treatment may vary from federal tax laws.

📚 Superfund up to $95,000 in a single year by using five years of gift tax exclusions at once. But remember if you make nonqualified distributions, earnings will be subject to income tax and a 10 percent federal penalty tax.

📚 Minimal impact on financial aid—parent-owned 529s are assessed at a maximum rate of 5.6 percent.

Grandparents, parents, aunts, or uncles can contribute.

And starting in 2026, the K-12 annual withdrawal limit doubles to $20,000.

The best time to start was years ago. The second-best time is now.

05/28/2026

Most parents think the last tuition check means game over for college. The data says it's halftime.

50 percent of parents with adult children still provide regular financial support, spending $1,474 a month to do so. That's more than twice what they're putting toward their own retirement.

Here's what "just helping out a little" actually looks like:

✅ 75 percent of parents aged 45+ are financially supporting at least one adult child, even though over half of those children can meet their own basic needs, according to a 2025 AARP survey.

✅ 42 percent of supporting parents report financial stress. 9 percent have retired early because of it.

✅ 47 percent say they've sacrificed their own financial position for the sake of their kids.

✅ 18 percent say the support could continue indefinitely. They don't see an end in sight.

This isn't about being less generous. It's about being intentional.

Whether your kid just graduated, graduated five years ago, or is still in school, the question is the same: Is your support happening by design or by default?

That's worth a conversation.

05/27/2026

Summer travel may come with higher costs this year, as airfare, gas, lodging, dining, and activities all reflect broader price pressures.

Average domestic airfare is about $383, up $89 from last year, while gas prices have risen $1.42 per gallon from a year earlier.

Other travel-related expenses are also higher. Activities are up by more than 5.5%, lodging costs are up by 4.3%, and dining out prices are up by more than 3.6%.

Even with higher prices, many Americans are still taking trips, though some may choose destinations closer to home to help manage overall costs.

These trends show how inflation can affect more than everyday essentials — it can also shape how households approach travel, leisure, and seasonal spending.

Gas prices, airfares, accommodations and other vacation essentials are more expensive this year compared to last year.

05/25/2026

Yes, Memorial Day marks the unofficial start of summer. But let's not forget what this day is really about.

Today, we remember those who gave everything. The men and women who served and never came home.

Some of us knew them. Some of us are here because of them.

However you spend today, take a moment to pause. Enjoy the long weekend, but hold space for what it actually means.

To the families carrying that loss: we honor them with you.

05/21/2026

Cap and gown season is here. 🎓

A BIG CONGRATULATIONS to every graduate walking across a stage this month! 🥳 🥳

The late nights, the stress, the uncertainty about what comes next have all led to this moment.

To the parents and grandparents in the audience pretending they're not emotional: we get it. ❤️

For the new grads, a few things to consider as you start this next chapter:

➡️ Start investing as early as possible, even if it's small. Time is the one advantage you won't get back.

➡️ If your employer offers a retirement plan with a company match, take it. It's free money.

➡️ Build an emergency fund before you worry about investing. Three months of expenses is a good first goal.

➡️ Understand your student loans: what you owe, the interest rates, and when payments start.

➡️ Your first budget doesn't have to be perfect. It just has to exist.

The financial habits you build now will help form the foundation for your future.

Congrats, Class of 2026. 👏

05/20/2026

Energy costs were a major driver of the latest inflation data, with higher gas, electricity, and fuel prices showing up across household budgets.

In April, the Consumer Price Index rose at an annual rate of 3.8%, marking the fastest pace in nearly three years. Higher energy prices accounted for about 40% of the total increase.

Gasoline prices were up more than 28% from a year earlier, while overall energy costs — including gas, heating oil, and electricity—rose nearly 18%.

The impact may extend beyond the pump. Higher fuel costs can influence transportation, airfares, grocery prices, and other everyday expenses as businesses absorb or pass along higher operating costs.

For households, these trends highlight how energy prices can ripple through the broader economy and affect purchasing power over time.

CPI gas price index has surged 28% from a year ago, while overall energy costs are up nearly 18%, new inflation data shows.

05/20/2026

💰 One of the most expensive financial mistakes isn’t choosing the wrong investment… it’s waiting too long to start. ⏳

When it comes to long term investing, time in the market is more important than timing the market. 📈

Two people can invest the same amount every month and still end up with dramatically different outcomes — simply because one started earlier.

That’s the power of compounding interest.
Your money doesn’t just grow… it grows on its own growth over time. 🌱💵

At MMB Advisors, we help clients create long-term investment strategies designed to build wealth steadily and intelligently.

Because the earlier you start, the harder your money can work for you. 💪

📲 Call or text 989-301-2460 to start building your future today.

05/18/2026

The Senate has confirmed a new Federal Reserve chair, marking a leadership change at the central bank during a closely watched period for monetary policy.

The confirmation vote was 54-45, making it one of the closest votes for a Fed chair in the modern era.

The transition comes as policymakers continue to weigh inflation, interest rates, labor market conditions, and broader economic uncertainty.

The new chair previously served on the Federal Reserve Board and has been involved in monetary policy discussions during periods of significant economic stress.

As leadership changes, markets and policymakers will continue watching how the Fed approaches its dual mandate: supporting maximum employment while seeking price stability.

In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.