Fred Wit Loan Officer NMLS #85202 NEXA Mortgage

12/24/2025

12/05/2025

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10/03/2025

Week in review (10/3/25)
Hi, this is Fred Wit with your weekly market update.

The government shutdown has delayed key economic data, including the Bureau of Labor Statistics’ September jobs report and weekly unemployment claims. The BLS report was expected to play a key role in shaping the Fed’s next rate decision at its October 29 meeting. This delay comes at a critical time, as the Fed weighs two competing forces: inflation that remains above target, and growing signs of a slowing economy.

In its absence, the ADP Employment Report carries more weight than usual – and the latest numbers showed clear signs of softening. ADP reported a loss of 32,000 jobs in September, missing expectations for a 50,000-job gain. Job losses were broad-based, with seven out of ten sectors reporting declines. August’s report was also revised down sharply, from a 54,000 gain to a 3,000-job loss.

If the shutdown continues, it may delay key inflation reports that the Fed also relies on when determining monetary policy.

In housing news, signed contracts on existing homes rose more than expected in August as mortgage rates began easing in late summer. Rates were already trending lower from July and have fallen further in September – potentially setting the stage for stronger activity in the months ahead.

Home price data from Case-Shiller and FHFA showed values are still up year-over-year, but the pace of growth is clearly slowing. If rates continue to drop, buyer demand could strengthen – and prices may rise again.

If you’re buying, refinancing, or just exploring options, I’m here to help. Reach out anytime.

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07/15/2025

Dreaming of homeownership but self-employed? 🏡✨ Good news! You can use your bank statements—not just tax returns—to qualify for a home loan. 💼📈

Say goodbye to complicated paperwork and hello to flexibility! If you’re your own boss, let’s turn your business success into the keys to your new home. 🔑

Ready to see what’s possible? Message me to learn more about bank statement home loans for self-employed borrowers!

06/03/2025

Looking for a change? Discover NEXA!
Reach out to me for more details.

03/27/2025

Rates have come down over the first quarter of 2025. Take advantage with a debt consolidation loan and improve your monthly cash flow or lower your mortgage payment.