Joshua Smith - NMLS #274855

Joshua Smith - NMLS #274855 Broker Owner
NMLS 274855
Apex Funding
NMLS 2486773
2591 Dallas Pkwy
Suite 300
Frisco, TX 75034

Personal NMLS 274855, Company NMLS 2486773, OK MLO07391, FL LO129520, CO 100537860

Good afternoon! Here is your Weekly Market Update. We have mixed signals over the last week or so. Bessent has stated th...
08/31/2026

Good afternoon! Here is your Weekly Market Update.

We have mixed signals over the last week or so. Bessent has stated that the Treasury will at least double the purchase of long-term bonds through November. This will help mortgage rates.

However, the Fed has come out with a hawkish statement, indicating that rate hikes could be coming if we can’t get inflation under control.

We shall see.

As always, please let me know how I can help you!

Good afternoon! Here is your Weekly Market Update. I have mentioned before how I don't believe buyers understand the opp...
08/24/2026

Good afternoon! Here is your Weekly Market Update.

I have mentioned before how I don't believe buyers understand the opportunity they have right now. However, this time I am going to put pen to paper.

Let's say we have a buyer buying a 410k home. Let's say they can get 10k off of the list price, 7k in seller concessions, and seller-paid title and survey. That is ~20k in value. This is not uncommon at all in this market. However, they are only focused on the interest rate.

Did you know that in that scenario, that is the same as getting a 4.75% interest rate for the next 4 years! There are other benefits as well, but we can save those for another day. I just thought it was interesting to look at it another way.

As always, let me know how I can help you!

Good afternoon!Here is your Weekly Market Update. Rates are mostly unchanged. However, we have seen an uptick in activit...
08/17/2026

Good afternoon!

Here is your Weekly Market Update. Rates are mostly unchanged. However, we have seen an uptick in activity, and that is backed up by both Conventional and Government applications being up week over week.

Additionally, both the CPI and PPI inflation reports came in better than expected. Retail sales also came in lower than expected, all of which are a good sign moving forward for interest rates.

As always, please let me know how I can help you!

Good afternoon!Here's your Weekly Market Update.Rates improved following last week's jobs report. The BLS had projected ...
08/10/2026

Good afternoon!

Here's your Weekly Market Update.

Rates improved following last week's jobs report. The BLS had projected 80k jobs added, but the economy actually lost 23k jobs — and the prior two months were revised down by a combined 103k.

The unemployment rate also fell, but not for a good reason: it dropped because a large number of people left the workforce and stopped actively looking for work, rather than because more people found jobs.

Together, these point to a slowing economy — which is typically good news for inflation, and in turn, good news for mortgage rates.

As always, please let me know how I can help you!

Good afternoon! Here is your Weekly Market Update. This week we have multiple job reports, including JOLTS, ADP, and BLS...
08/03/2026

Good afternoon! Here is your Weekly Market Update.

This week we have multiple job reports, including JOLTS, ADP, and BLS. As you may know, the BLS report has the largest impact on mortgage rates on a monthly basis. This report comes out Friday, and the expectation is for 83k new jobs and a slight rise in unemployment to 4.3%. Both numbers, or anything "worse", would be beneficial for mortgage rates.

As always, please let me know how I can help you!

Good afternoon! Here is your weekly market update. The market fluctuations continue. Early last week was rough, but we h...
07/27/2026

Good afternoon! Here is your weekly market update.

The market fluctuations continue. Early last week was rough, but we have rebounded some in the last few days.

The Fed meets again this week. We shall see, but I expect them to hold rates steady. Also, the new Fed Chair Warsh is not big on forward guidance, so it will be interesting to see what he has to say.

As always, please let me know how I can help you!

Good morning! Here is your Weekly Market Update. As the conflict in Iran goes, so go interest rates. We have a lot of da...
07/21/2026

Good morning! Here is your Weekly Market Update.

As the conflict in Iran goes, so go interest rates. We have a lot of day-to-day volatility based on what is happening there.

There is no clear direction on where rates go from here. It will depend heavily on the outcome in Iran. With that being said, I don't think it is time for buyers to wait for the perfect rate. I believe it is much more important to focus on the terms we can get for the buyers in this market.

As always, please let me know how I can help you!

Good afternoon! Here is your Weekly Market Update.The back-and-forth continues — we've been in a pretty tight range for ...
07/06/2026

Good afternoon! Here is your Weekly Market Update.

The back-and-forth continues — we've been in a pretty tight range for the past seven weeks. I still believe the trend is down more than up, and I do not expect a rate hike in 2026.

A note worth sharing with your buyers: for those of us who were in the business during 2020–2021, today's market looks very different. Buyers now have real negotiating power. Need max seller concessions? Done. A 2/1 buydown? Done. Seller-paid title and survey? Often, no problem.

And for every buyer wishing rates were lower — are they realizing they're frequently getting the home cheaper and on their terms? There are no prepayment penalties, and they can refinance at any time. Perspective matters.

As always, please let me know how I can help!

Good afternoon! Here is your Weekly Market Update. The last week has seen steady improvements. The market even shook off...
06/29/2026

Good afternoon! Here is your Weekly Market Update. The last week has seen steady improvements. The market even shook off the US/Iran exchange of strikes this weekend.

Apologies, but I need to keep it short today.

As always, please let me know how I can help you!

Good afternoon! Here is your Weekly Market Update. The biggest news of the last week was the first Fed meeting of the ne...
06/22/2026

Good afternoon! Here is your Weekly Market Update.

The biggest news of the last week was the first Fed meeting of the new Fed Chair, Kevin Warsh. Warsh has been very vocal about doing things differently. For one, he did not participate in the "dot plot", which is each governor's opinion of where rates will be for the rest of the year and in the long run. He does not believe the Fed should issue forward guidance. Out of the other 18, 9 projected a rate increase this year.

However, and this is just my opinion, I don't think a rate increase is likely. The main concern right now is inflation. However, if you look into the inflation numbers, the main culprit is oil/gas. I believe that if we can fully get past the Iran conflict, the oil and gas prices will subside, and a rate increase will not be needed.

As always, please let me know how I can help you!

Address

2591 Dallas Pkwy Suite 300
Frisco, TX
75034

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

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