Daniel Pesta, NMLS #357972 - EPiQ Lending

Daniel Pesta, NMLS #357972 - EPiQ Lending Find the best mortgage rates today with our expert team and advanced mortgage calculator. Daniel It's about trust, education, and communication.

With over 20 years of experience in mortgage lending, I’ve had the opportunity to work in every part of the process, from closing and funding to processing and originating loans. Since moving to Arizona in 2006, I’ve been helping individuals and families across the state buy and refinance homes with confidence and clarity. I joined the Epiq Lending/CMG team in January 2019 and am proud to offer to

ols and programs that give my clients a competitive edge, including same-day pre-approvals, down payment assistance, the HomeFundIt program, and our powerful All-In-One loan. Buying a home is one of the biggest financial decisions you'll ever make, and it's about more than just paperwork. I’ve helped thousands of families through this process, and I make it my mission to deliver a positive, personalized experience every time. Whether you’re a first-time buyer, seasoned investor, or somewhere in between, I’ll take the time to understand your goals, explain your options, and be there for you when you're ready to take the next step. Most of our loans close in 21 to 30 days, but we’ve also helped clients close in under 15 when needed. I’m licensed in Arizona and work with clients throughout the state. Let’s connect when you’re ready to move forward. I’d love to help you navigate your homeownership journey. NMLS # 357972
Arizona Mortgage Banker License # LO-0916571
https://www.nmlsconsumeraccess.org
https://www.epiqlending.com/corporate/licensing
EVO Home Loans, LLC, dba EPIQ Lending is an equal housing opportunity lender
Company NMLS 1936984

🏡 Weekly Mortgage & Housing Market Update for RealtorsHappy Monday!There's finally some good news to talk about this wee...
06/15/2026

🏡 Weekly Mortgage & Housing Market Update for Realtors

Happy Monday!

There's finally some good news to talk about this week...

Mortgage rates moved lower last week, with the average 30-year fixed rate ending the week at 6.58%, near its lowest level in several weeks. Even better, rates are continuing to improve to start this week as optimism grows surrounding the peace agreement between the U.S. and Iran and the reopening of the Strait of Hormuz.

The result? Lower oil prices, improving bond markets, and better mortgage pricing.

📉 Mortgage Rates Are Improving

Mortgage rates have been on a roller coaster over the past few months, largely driven by inflation concerns and geopolitical tensions.

Now, with the announced agreement between the U.S. and Iran and the expected reopening of the Strait of Hormuz later this week, oil prices have dropped sharply and mortgage bonds have rallied.

While we aren't back to February lows, we're seeing some of the best pricing since early May, which is welcome news for buyers and sellers alike.

📊 Housing Market Highlights

✅ Mortgage applications surged

Overall mortgage applications jumped 10.8%, with:

• Purchase applications up 7%
• Refinance applications up 15%

This is one of the strongest weekly gains we've seen in months and a sign that buyers are responding quickly to even modest improvements in rates.

✅ Existing home sales beat expectations

Existing home sales rose 3.2% in May, coming in at an annual pace of 4.17 million homes.

This exceeded expectations and marked an acceleration from April, showing that buyers are still active despite affordability challenges.

✅ Inflation was mostly in line

Consumer inflation came in largely as expected, while core inflation was slightly cooler than forecast.

Producer prices told a similar story, with headline inflation remaining firm but underlying inflation showing signs of easing.

This is important because cooler inflation gives the Federal Reserve more flexibility moving forward and could help mortgage rates continue trending lower over time.

📈 What to Watch This Week

The biggest event this week is the Federal Reserve meeting, the first under new Fed Chair Kevin Warsh.

Markets are currently debating:

• Will the Fed keep rates steady?
• Could rate cuts still happen later this year?
• Or will inflation keep pressure on rates?

The answers likely won't create massive moves in mortgage rates overnight, but the Fed's tone will matter.

📅 Rate Outlook

Next 2 Weeks: Cautiously optimistic

Mid-July: Rates could improve another 0.25% if inflation continues to cool and geopolitical tensions remain calm.

Long-Term: The outlook has improved significantly compared to just a few weeks ago.

💡 Agent Takeaway

We're seeing:

✔ Lower mortgage rates

✔ Stronger purchase activity

✔ Existing home sales beating expectations

✔ Inflation showing signs of cooling

✔ Buyer confidence returning

The buyers who sat on the sidelines waiting for rates to improve may finally be getting the opportunity they've been waiting for.

As Realtors, now is a great time to reconnect with those buyers who paused their search earlier this year. Even a modest improvement in rates can make a meaningful difference in affordability and monthly payments.

The market isn't easy, but momentum is moving in the right direction.

📲 Need an updated payment scenario, pre-approval, or help structuring a deal? I'm always happy to help.

Daniel Pesta | NMLS #357972

📞 480-458-7807

📧 [email protected]

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Ready to make a splash this summer? Whether you’re dreaming of a backyard for summer BBQs, more space for entertaining, or finally finding a place to call your own, this could be the perfect season to start your homeownership journey. Let’s dive in!

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See why homeownership matters ➡️

Every home buyer deserves a hype team! 📣 🤸‍♀️When you work with a trusted REALTOR® and lender, you can expect trusted gu...
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When you work with a trusted REALTOR® and lender, you can expect trusted guidance, strong communication, and support through every twist and turn of the homeownership journey.
We’re here to cheer you on all the way to closing day 🥳

It’s time to level up your summer! 🏖️ ☀️With our own Private Label Security (PLS), we can help you avoid increased fees ...
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It’s time to level up your summer! 🏖️ ☀️
With our own Private Label Security (PLS), we can help you avoid increased fees and offer a better price on your second home or investment property loan. Ready to dive in? Contact me today!

🏡 Weekly Mortgage & Housing Market Update for RealtorsHappy Monday, everyone!Last week was a reminder that mortgage rate...
06/08/2026

🏡 Weekly Mortgage & Housing Market Update for Realtors

Happy Monday, everyone!

Last week was a reminder that mortgage rates don't always move the way we'd like them to. Despite some improvement to start this week, rates moved higher overall last week, with the average 30-year fixed mortgage finishing around 6.66%.

The good news? Buyers haven't disappeared, the economy remains resilient, and there are still opportunities for agents who know how to navigate today's market.

📊 Key Market Highlights

💼 The labor market remains surprisingly strong

The biggest story last week was jobs.

• Job openings surged to 7.6 million, significantly above expectations.
• Private payrolls increased by 122,000.
• Nonfarm payrolls came in at 172,000, nearly double expectations.
• Unemployment remained steady at 4.3%.

A stronger labor market is great for the economy, but it also makes it harder for mortgage rates to improve because it reduces pressure on the Fed to cut rates.

🏠 Buyers are still active, but higher rates are creating some hesitation

Mortgage applications declined 2.5%, with both purchase and refinance activity slipping.

What's important here is that we're not seeing a collapse in demand. We're seeing buyers become more selective and payment-conscious as affordability remains a challenge.

🏗️ Construction activity continues to support housing supply

Construction spending increased again in April, beating expectations.

Builders continue investing despite higher borrowing costs because long-term housing demand remains strong.

💳 Consumers continue spending

Consumer credit rose more than expected, showing households are still borrowing and spending despite elevated rates and inflation concerns.

That tells us consumer confidence remains relatively healthy.

📉 What's Driving Mortgage Rates Right Now?

The market is focused on two things:

✔️ Economic strength and inflation

✔️ Ongoing uncertainty surrounding Iran and the Strait of Hormuz

Strong economic data has reduced expectations for near-term Fed rate cuts, while geopolitical uncertainty continues to influence bond markets and oil prices.

Until one of those stories changes significantly, rates will likely remain range-bound.

📊 Rate Outlook

Next 2 Weeks: Cautiously float

End of June / Early July: Potential for modest improvement

Biggest Catalyst: A resolution involving Iran and the reopening of the Strait of Hormuz

Without a major geopolitical breakthrough, rates may bounce around but are not expected to move dramatically higher or lower in the near term.

💡 Agent Takeaway

We're currently seeing:

✔️ Strong employment

✔️ Stable consumer spending

✔️ Continued construction activity

✔️ Buyers still shopping despite rates

✔️ More inventory than we've had in recent years

The reality is that today's buyers are adapting to the market, not waiting for perfect conditions.

The agents winning right now are the ones staying in front of their database, educating buyers on affordability strategies, and helping clients focus on long-term homeownership rather than trying to time interest rates perfectly.

Remember: when rates eventually improve, buyer competition is likely to increase quickly.

📲 Need updated payment scenarios, pre-approvals, rate buydown options, or help structuring a challenging deal? I'm always available as a resource for you and your clients.

Daniel Pesta | NMLS #357972
📞 480-458-7807
📧 [email protected]

The story of homeownership is woven into the story of the American Dream. 🇺🇸From creating stability and building generat...
06/05/2026

The story of homeownership is woven into the story of the American Dream. 🇺🇸
From creating stability and building generational wealth to opening doors for future opportunities, homeownership has remained a meaningful milestone for families across generations.
As we celebrate National Homeownership Month, take a look at how the dream has evolved—and why it still matters today. 🏡

🏡 Weekly Mortgage & Housing Market Update for RealtorsHope everyone is having a great week!Last week brought some encour...
06/01/2026

🏡 Weekly Mortgage & Housing Market Update for Realtors

Hope everyone is having a great week!

Last week brought some encouraging news for mortgage rates, as rates generally improved throughout the week, helping affordability a bit. Unfortunately, markets are starting this week on a more volatile note as renewed uncertainty surrounding Iran negotiations has pushed rates higher to start the week.

👉 The key takeaway: Mortgage rates remain highly sensitive to global events, but the underlying housing market continues to show resilience.

📊 What Happened Last Week?

• Home prices continue to stabilize
Both major home price indexes showed slowing annual appreciation. Home values are still rising in most markets, but at a much healthier and more sustainable pace than we've seen in recent years.

• Consumer confidence remains surprisingly strong
Despite ongoing affordability challenges and inflation concerns, consumer confidence came in better than expected, suggesting many buyers remain optimistic about their financial outlook.

• Mortgage applications fell sharply
Overall applications dropped 8.5%, largely due to an 18.1% decline in refinance activity. Purchase applications only slipped 0.4%, which tells us buyer demand is holding up much better than refinancing demand.

• Building activity remains healthy
Building permits rebounded 4.4% from the prior month, signaling builders are still planning for future demand despite higher borrowing costs.

• New home sales softened
Sales declined 6.2% in April, reflecting the continued affordability challenges many buyers are facing.

• Labor market showing signs of cooling
Initial and continuing jobless claims both moved higher, suggesting the labor market is gradually softening. This is something the Fed will be watching closely.

📈 What's Driving Rates Right Now?

This week's market movement has very little to do with housing data and almost everything to do with:

✔️ Middle East tensions
✔️ Oil prices
✔️ Inflation concerns
✔️ Federal Reserve expectations

Markets had been optimistic that a peace agreement with Iran was close. However, reports this morning that negotiations may be breaking down caused mortgage bonds to sell off and rates to move higher.

As we've seen repeatedly over the past several weeks, rates are reacting to headlines in real time.

📉 Rate Outlook

Next 2 Weeks: Cautiously float, but monitor closely

15-30 Days: Highly dependent on geopolitical developments

Long-Term Outlook: Still potential for improvement if inflation cools and global tensions ease

The reality is that rates could move meaningfully in either direction depending on how negotiations unfold. A successful agreement could improve rates by as much as 0.25% to 0.50%. If talks completely collapse, rates could move higher by a similar amount.

💡 Agent Takeaway

We're currently seeing:

✔ Home prices stabilizing
✔ Buyers still actively shopping
✔ Inventory gradually improving
✔ A labor market that's beginning to cool
✔ Rates that remain volatile but are not far from recent lows

The buyers who are purchasing today are serious buyers. They're adjusting to the market rather than waiting for perfect conditions.

This continues to be a market where strong agents create opportunities by educating clients, setting expectations, and helping buyers focus on long-term wealth building rather than trying to perfectly time interest rates.

Remember: when rates eventually improve, competition often increases quickly. Many buyers may find that today's negotiating opportunities outweigh waiting for a future rate drop.

📲 Need help structuring a deal, running payment scenarios, or getting a buyer pre-approved quickly? I'm always happy to help.

Daniel Pesta | NMLS #357972
📞 480-458-7807
📧 [email protected]

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If you’re in the military, getting new orders that require a move is not uncommon. When a new PCS order comes in, we're here to help. Follow these four tips for a quick and efficient military move 🇺🇸

Apartment heat or backyard retreat? ☀️🏡Same summer, very different vibes😅Homeownership opens the door to more space, mor...
05/28/2026

Apartment heat or backyard retreat? ☀️🏡
Same summer, very different vibes😅
Homeownership opens the door to more space, more comfort, more ways to enjoy the season. Let’s make it happen!

Address

3530 South Val Vista Drive
Gilbert, AZ
85297

Opening Hours

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

Telephone

+14804587807

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