MD Mortgage Inc: Mike Thibo, Mortgage Broker NMLS #226605

MD Mortgage Inc: Mike Thibo, Mortgage Broker NMLS #226605 I have the option of shopping your loan to many different lenders, offering you very competitive ra

Equal Housing Opportunity Lender, MD Mortgage Inc NMLS #1079254

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿฎ๐Ÿณ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—น๐—ผ๐˜„๐—ฒ๐—ฟ ๐Ÿ‘๐ŸปRates were volatile last week as expected, but e...
03/27/2023

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿฎ๐Ÿณ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—น๐—ผ๐˜„๐—ฒ๐—ฟ ๐Ÿ‘๐Ÿป
Rates were volatile last week as expected, but ended the week better as markets grew convinced the Fed would be forced to make March the last policy rate hike and would have to cut rates as soon as June despite Fed members signaling otherwise. The week ended with hope that we might see rates drop further this week based on market sentiment from Friday.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฐ๐—ผ๐˜‚๐—น๐—ฑ ๐—ฏ๐—ฒ ๐—ฐ๐—ต๐—ผ๐—ฝ๐—ฝ๐˜† โš ๏ธ
The outlook for rates this week not looking as good as they did Friday after seeing rates move higher to start the week due to market sentiment shifting. Markets now speculating that the Fed could raise rates again in May, and although still anticipating rate cuts, markets now think those cuts will come later in the year. The outlook shifts quickly though, and any news that leads markets to anticipate an end to Fed rate hikes will help mortgage rates.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Economic data: Data later in the week includes GDP numbers and PCE inflation data. Signs of reduced inflation or economic slowdown could help rates.
- The Fed: As markets anticipate future Fed rate movements, mortgage rates will move up and down. Fed members speaking this week could swing sentiment, as well as any bank drama news.

๐ŸŽ‰๐Ÿ  ๐—š๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ป๐—ฒ๐˜„๐˜€, ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐—ผ๐—ป๐—ฒ! ๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐˜๐—ฎ๐—ธ๐—ฒ๐—ป ๐—ฎ ๐—ฑ๐—ถ๐—ฝ! ๐Ÿ’ฐ๐Ÿ“‰Now is the PERFECT time to seize this opportunity and secure...
03/24/2023

๐ŸŽ‰๐Ÿ  ๐—š๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ป๐—ฒ๐˜„๐˜€, ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐—ผ๐—ป๐—ฒ! ๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐˜๐—ฎ๐—ธ๐—ฒ๐—ป ๐—ฎ ๐—ฑ๐—ถ๐—ฝ! ๐Ÿ’ฐ๐Ÿ“‰

Now is the PERFECT time to seize this opportunity and secure your dream home ๐Ÿกโœจ

๐——๐—ผ๐—ป'๐˜ ๐—บ๐—ถ๐˜€๐˜€ ๐—ผ๐˜‚๐˜ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€!

Connect with me today, and let me tell you all about it. ๐Ÿค๐Ÿ”‘

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿฎ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—น๐—ผ๐˜„๐—ฒ๐—ฟ  ๐Ÿ‘ Mortgage rates improved again last week, for a ...
03/20/2023

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿฎ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—น๐—ผ๐˜„๐—ฒ๐—ฟ ๐Ÿ‘
Mortgage rates improved again last week, for a second week in a row, as concerns about the global banking system continued to lead markets to believe that the Fed will not be able to raise rates as high as was expected just a few weeks ago.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ฏ๐—ฒ ๐˜ƒ๐—ผ๐—น๐—ฎ๐˜๐—ถ๐—น๐—ฒ โš ๏ธ
This week could see some of the most volatile mortgage rates we've seen in months, with rates moving day-to-day as well as during the day, depending on how the Fed meeting plays out and if there is anymore fallout in the banking sector. This is a good week to stay in close contact with your mortgage professional.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
Fed fireworks: The Fed meets this week, and for the first time in over a year there is a question of if it will raise its policy rate and by how much. The Fed will release its policy statement at 2pm ET on Wednesday along with a forecast of its policy rate called the 'dot plot', followed by a press conference by Fed Chair Powell. This is the first time the Fed will be able to comment on the recent 'banking crisis' events after being in a media blackout period ahead of the FOMC meeting. Depending on what is said and how markets react, we could see rates fall lower or move quickly higher.

๐—›๐—ฎ๐—ฝ๐—ฝ๐˜† ๐—ฆ๐˜. ๐—ฃ๐—ฎ๐˜๐—ฟ๐—ถ๐—ฐ๐—ธ'๐˜€ ๐——๐—ฎ๐˜†, ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐—ผ๐—ป๐—ฒ! ๐Ÿ€๐ŸŒˆ๐ŸŒŸJust like the pot of gold at the end of the rainbow, we've got some exciting news ...
03/17/2023

๐—›๐—ฎ๐—ฝ๐—ฝ๐˜† ๐—ฆ๐˜. ๐—ฃ๐—ฎ๐˜๐—ฟ๐—ถ๐—ฐ๐—ธ'๐˜€ ๐——๐—ฎ๐˜†, ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐—ผ๐—ป๐—ฒ! ๐Ÿ€๐ŸŒˆ๐ŸŒŸ

Just like the pot of gold at the end of the rainbow, we've got some exciting news for you! Mortgage rates have dropped, and it's the perfect time to buy a home or refinance.

๐—ฆ๐—ผ, ๐—ฑ๐—ผ๐—ป'๐˜ ๐—ฟ๐—ฒ๐—น๐˜† ๐—ผ๐—ป ๐—น๐˜‚๐—ฐ๐—ธ - ๐˜๐—ฎ๐—ธ๐—ฒ ๐—ฎ๐—ฑ๐˜ƒ๐—ฎ๐—ป๐˜๐—ฎ๐—ด๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜€๐—ฎ๐˜ƒ๐—ฒ ๐˜€๐—ผ๐—บ๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฒ๐—ป! ๐Ÿ’ฐ๐Ÿ’ธ
๐—ช๐—ต๐—ผ ๐—ป๐—ฒ๐—ฒ๐—ฑ๐˜€ ๐—ฎ ๐—น๐—ฒ๐—ฝ๐—ฟ๐—ฒ๐—ฐ๐—ต๐—ฎ๐˜‚๐—ป ๐˜„๐—ต๐—ฒ๐—ป ๐˜†๐—ผ๐˜‚'๐˜ƒ๐—ฒ ๐—ด๐—ผ๐˜ ๐—ฎ ๐—บ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฝ๐—ฟ๐—ผ๐—ณ๐—ฒ๐˜€๐˜€๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฏ๐˜† ๐˜†๐—ผ๐˜‚๐—ฟ ๐˜€๐—ถ๐—ฑ๐—ฒ?

Contact me today to make your homeownership dreams come true! ๐Ÿก๐Ÿ‘

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿญ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜€๐—น๐—ถ๐—ด๐—ต๐˜๐—น๐˜† ๐—ถ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐Ÿ‘ Mortgage rates last week were creeping hig...
03/13/2023

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿญ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜€๐—น๐—ถ๐—ด๐—ต๐˜๐—น๐˜† ๐—ถ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐Ÿ‘
Mortgage rates last week were creeping higher, but improved on Friday on news that Silicon Valley Bank had to be saved by the FDC. This news overshadowed the jobs data, what was expected to be the biggest event of the week. Mortgage rates benefited from traders seeking safety in the bond market, helping rates improve.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ถ๐—ป๐—ด ๐—น๐—ผ๐˜„๐—ฒ๐—ฟ ๐Ÿ‘
Mortgage rates will move lower this week, as concerns skyrocket over what is being called a "banking crisis" in the media. Whether truly a crisis or not, market reactions to this situation will help mortgage rates move lower.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Banking crisis: The unfolding reaction to this situation has markets expecting the Fed to lower rates in 2023 contrary to previous expectations that the Fed would raise rates. This is the primary factor in mortgage rates this week.
- The Fed: Mortgage rates are likely to move lower on updated expectations that the Fed will have to stop raising rates to fight inflation, and will even have to lower rates later in the year.
- Economic Data: Tuesday's CPI inflation data would have been a major event for mortgage rates before the current banking situation, but will now take a back seat.

๐Ÿค” ๐—ฆ๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—œ ๐˜„๐—ฎ๐—ถ๐˜ ๐˜‚๐—ป๐˜๐—ถ๐—น ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฑ๐—ฟ๐—ผ๐—ฝ ๐˜๐—ผ ๐—ฏ๐˜‚๐˜† ๐—ฎ ๐—ต๐—ผ๐˜‚๐˜€๐—ฒ?I am hearing that question a lot these days, and the answer may surprise...
03/09/2023

๐Ÿค” ๐—ฆ๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—œ ๐˜„๐—ฎ๐—ถ๐˜ ๐˜‚๐—ป๐˜๐—ถ๐—น ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฑ๐—ฟ๐—ผ๐—ฝ ๐˜๐—ผ ๐—ฏ๐˜‚๐˜† ๐—ฎ ๐—ต๐—ผ๐˜‚๐˜€๐—ฒ?

I am hearing that question a lot these days, and the answer may surprise you

๐—ก๐—ผ๐˜„ ๐—ถ๐˜€ ๐—ฎ๐—ฐ๐˜๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—ฎ ๐—ฟ๐—ฒ๐—ฎ๐—น๐—น๐˜† ๐—ด๐—ผ๐—ผ๐—ฑ ๐˜๐—ถ๐—บ๐—ฒ ๐˜๐—ผ ๐—ฏ๐˜‚๐˜† ๐—ฎ ๐—ต๐—ผ๐˜‚๐˜€๐—ฒ, and here are a few reasons why...

๐Ÿ‘‰ You're more likely to get your offer accepted...
๐Ÿ‘‰ Sellers are a bit more likely to help pay closing costs or give other concessions...
๐Ÿ‘‰ Home prices have settled, but are likely to go up again when rates drop...
๐Ÿ‘‰ Ask me for the other reasons!

Higher rates do bring other challenges though, but I want you to know that I may be able to help there.

๐—ฆ๐—ผ ๐—ถ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฏ๐—ฒ๐—ฒ๐—ป ๐˜๐—ต๐—ถ๐—ป๐—ธ๐—ถ๐—ป๐—ด ๐—ผ๐—ณ ๐—ฏ๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ฎ ๐—ต๐—ผ๐—บ๐—ฒ, ๐—ฏ๐˜‚๐˜ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐˜€๐—ฐ๐—ฎ๐—ฟ๐—ฒ๐—ฑ ๐˜†๐—ผ๐˜‚ ๐—ฎ ๐—ฏ๐—ถ๐˜, ๐—น๐—ฒ๐˜'๐˜€ ๐˜๐—ฎ๐—น๐—ธ. ๐—œ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ต๐—ฒ๐—น๐—ฝ.

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿฒ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž Mortgage rates continued higher last week, pushe...
03/06/2023

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿฒ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
Mortgage rates continued higher last week, pushed by strong economic data and market sentiment that the Fed will raise its policy rate higher in 2023 than anticipated earlier in the year. Rates did improve some on Friday after hitting their worst levels on Thursday.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฐ๐—ผ๐˜‚๐—น๐—ฑ ๐—บ๐—ผ๐˜ƒ๐—ฒ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
This week we get a lot of labor market data as well as testimony from Fed Chair Jerome Powell that will affect rates, and may push them higher. It is not likely that we see a significant drop in rates anytime soon while the labor market and economy continue to show strength.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Jobs data: This week will bring data on new jobs created in February, as well numbers on wage growth and unemployment. If the data shows the labor market is weakening since January, it will help rates hold steady or possibly improve slightly. However, strong data will push rates higher.
- The Fed: Current mortgage rates reflect markets' belief that the Fed will raise its policy rate through June to a high of 5.25%.
- Fed Powell: Powell will testify in front of Congress this week, as he does twice a year, and his comments could pressure mortgage rates higher if they point to more Fed rate hikes.

๐Ÿก ๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ด๐—ผ๐—ป๐—ฒ ๐˜‚๐—ฝ, ๐˜„๐—ผ๐—ป'๐˜ ๐—ต๐—ผ๐˜‚๐˜€๐—ฒ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ฑ๐—ผ๐˜„๐—ป ๐—ป๐—ผ๐˜„?Well, no, not really.Although increased mortgage rates h...
03/03/2023

๐Ÿก ๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ด๐—ผ๐—ป๐—ฒ ๐˜‚๐—ฝ, ๐˜„๐—ผ๐—ป'๐˜ ๐—ต๐—ผ๐˜‚๐˜€๐—ฒ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ฑ๐—ผ๐˜„๐—ป ๐—ป๐—ผ๐˜„?

Well, no, not really.

Although increased mortgage rates have slightly reduced the pool of potential buyers, there is still a huge demand for homes and record low inventory. Home price appreciation has slowed down to more normal levels, but it is still unlikely that most homes will see values go down much.

๐—œ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ฟ๐—ฒ ๐˜„๐—ฎ๐—ถ๐˜๐—ถ๐—ป๐—ด ๐—ณ๐—ผ๐—ฟ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐˜๐—ผ ๐—ฑ๐—ฟ๐—ผ๐—ฝ ๐—ฏ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐—ฏ๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ฎ ๐—ต๐—ผ๐—บ๐—ฒ, ๐˜†๐—ผ๐˜‚ ๐—บ๐—ฎ๐˜† ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐˜๐—ต๐—ถ๐—ป๐—ธ ๐—ฎ๐—ด๐—ฎ๐—ถ๐—ป.

The advantage to buying a home now is that you may be able to negotiate a seller concession (ask me what that is) or at least avoid a bidding war.

๐Ÿ‘‰ ๐—™๐—ฒ๐—ฒ๐—น ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐˜๐—ผ ๐—ฐ๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—บ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—œ ๐—ฐ๐—ฎ๐—ป ๐—ฑ๐—ถ๐˜€๐—ฐ๐˜‚๐˜€๐˜€ ๐—ถ๐˜ ๐˜„๐—ถ๐˜๐—ต ๐˜†๐—ผ๐˜‚ ๐—ฎ ๐—ฏ๐—ถ๐˜ ๐—ณ๐˜‚๐—ฟ๐˜๐—ต๐—ฒ๐—ฟ. ๐—œ'๐—บ ๐—ฎ๐—น๐˜„๐—ฎ๐˜†๐˜€ ๐—ต๐—ฒ๐—ฟ๐—ฒ ๐˜๐—ผ ๐—ต๐—ฒ๐—น๐—ฝ.

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿฎ๐Ÿณ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž Mortgage rates crept a bit higher early last...
02/27/2023

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿฎ๐Ÿณ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
Mortgage rates crept a bit higher early last week, but did appear to be leveling off by the end of the week. Last Friday's inflation report showed inflation was still coming in higher than expected, stopping any chance of seeing rates improve to end the week.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ป๐—ผ๐˜ ๐—ฟ๐—ฒ๐—ฎ๐—ฑ๐˜† ๐˜๐—ผ ๐—ฑ๐—ฟ๐—ผ๐—ฝ ๐Ÿ‘Ž
Although we are seeing some signs that rates could be stabilizing, it is still too early to tell for sure and we should be prepared to see them creep higher this week. Even if rates don't move much higher, it is extremely unlikely we see them move lower from here and leveling off could be considered a win for the week.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Economic data: A handful of reports this week could put pressure on mortgage rates if they show the economy is not slowing down.
- The Fed: Current mortgage rates reflect markets' belief that the Fed will raise its policy rate through June to a high of 5.25%. If markets grow concerned that the Fed will raise its rate more aggressively, we will see mortgage rates move higher on the speculation.
- Bond market: Rises in the 10yr Treasury yield, now close to 4%, pressure mortgage backed securities pricing which contributes to mortgage rates increasing.

02/24/2023

๐Ÿ“ˆ Mortgage rates are on the rise again!

๐—ช๐—ต๐—ฎ๐˜ ๐—ต๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐—ฒ๐—ฑ?
Rates have been pushed higher by recent economic data that is showing the economy isn't cooling off yet and inflation is not declining fast enough. Markets are now preparing for the Fed to raise rates even higher through 2023, in order to quash inflation. Mortgage rates have already started to move higher the last few weeks on the expectations.

๐—ฆ๐—ผ, ๐—ต๐—ผ๐˜„ ๐—ต๐—ถ๐—ด๐—ต ๐˜„๐—ถ๐—น๐—น ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ด๐—ผ ๐—ฎ๐—ป๐—ฑ ๐˜„๐—ถ๐—น๐—น ๐˜๐—ต๐—ฒ๐˜† ๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐—ฑ๐—ผ๐˜„๐—ป ๐˜€๐—ผ๐—ผ๐—ป?โš ๏ธ
As you can tell from the headlines about stocks, markets are volatile right now. Although it is possible rates could improve, the current forecast is that rates are going to move even higher. We will eventually see rates come down again, but that is only likely when the economy slows down and we could see a recession.

๐Ÿ’ก ๐—œ๐˜€ ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ฎ ๐˜€๐—ถ๐—น๐˜ƒ๐—ฒ๐—ฟ ๐—น๐—ถ๐—ป๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€?
Higher rates are no fun - period. Paying more each month for a home than you thought you would pay is a downer.

HOWEVER...
Higher rates are opening the door to more homes, and it is helping restore balance to the housing market. You can now find homes to purchase that aren't in a bidding frenzy, and borrowers getting a mortgage are not finding as much competition from cash buyers. Less demand means you have a better shot of landing your dream home! ๐Ÿก

I have some ideas on how to help make your payments more affordable while rates are higher. Contact me today and I'll tell you why now is still a great time to buy a home, and how I can help!

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿฎ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ๐Ÿ‘Ž Last week's inflation report showed that infl...
02/20/2023

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿฎ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ๐Ÿ‘Ž
Last week's inflation report showed that inflation is still decreasing, but not at a fast enough pace to satisfy markets. Recent economic data showing a resilient economy not ready to enter a recession has markets concerned that the Fed will continue raising rates into the middle of the year, which caused mortgage rates to move higher last week.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฐ๐—ผ๐˜‚๐—น๐—ฑ ๐—ฐ๐—ผ๐—ป๐˜๐—ถ๐—ป๐˜‚๐—ฒ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ๐Ÿ‘Ž
Increased concerns about a rebound in inflation and the Fed raising rates to fight it are pushing mortgage rates higher and making it unlikely we see them fall again in the near future. The current outlook is that rates could continue creeping higher back to the highs we saw last October.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Economic data: Friday brings another inflation report, the one that the Fed uses as its primary gauge of inflation. It is possible this report could pressure rates this week.
- Fed minutes: The minutes from last month's Fed meeting will be released on Wednesday, and if they show Fed members are in favor of more aggressive rate hiking, could pressure mortgage rates this week.
- Holiday: Markets were closed on Monday, and we could see more volatility than normal to start the week on Tuesday.

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿญ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž Mortgage rates moved higher last week becaus...
02/13/2023

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—™๐—ฒ๐—ฏ๐—ฟ๐˜‚๐—ฎ๐—ฟ๐˜† ๐Ÿญ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฏ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
Mortgage rates moved higher last week because market sentiment shifted towards more Fed rate hikes to come and the Fed rate possibly peaking at 5.25%. This shift in sentiment was triggered from this month's jobs data and made worse from positive economic data and Fed speakers who talked about raising rates to fight inflation.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ฏ๐—ฒ ๐˜ƒ๐—ผ๐—น๐—ฎ๐˜๐—ถ๐—น๐—ฒ โš ๏ธ
This week we don't know which way rates will move, but we know they will move in reaction to Tuesday's CPI consumer inflation data. Depending on this report, we could see rates continue to creep higher this week or possibly improve slightly.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Inflation: If Tuesday's CPI consumer inflation report shows that inflation continues to come down it could help stabilize rates. However, if markets don't like the data, it could cause concerns that inflation is back on the rise and that the Fed will have to be more aggressive in fighting inflation at upcoming meetings, and will push mortgage rates up.
- The Fed: Mortgage rates react to anticipated Fed moves, rather than actual Fed moves. Markets are now pricing in more hikes before the Fed stops hiking its policy rate, pushing mortgage rates higher.

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6436 E Maple Avenue
Grand Blanc, MI
48439

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