Jonathan Smith NMLS # 192657 - SmartBank

08/05/2024

The 10 year treasury just reached a 52 week low this morning. With the markets selling off we expect mortgage rates to fall further today!

03/20/2024

With the recent news making headlines on realtor compensation, I thought now would be a good time to remind everyone on why a realtor earns every penny of their commission. Unless you have walked in their shoes I would be slow to judge on what you perceive someone's value is. I have originated loans for over 22 years and have been a part of thousands of real estate transactions. I can promise you the real estate agent's job is the hardest.

Here's a look at all the things — big and small — that a Realtor does to help clients when buying and selling a home.

03/08/2024

February job growth came in above forecasts, with 275K jobs created per the BLS. However, revisions to the data for December and January shaved a whooping 167K jobs from those months combined. The unemployment rate also rose from 3.7% to 3.9%, the first increase since October.

03/04/2024

This could be a very volatile week for mortgage rates.

02/26/2024

The first revision of the 4th Quarter GDP on Wednesday and the Fed's favorite measure of inflation PCE (Personal Consumption Expenditures) on Thursday could be market moving in regards in mortgage rates.

02/16/2024

Call me before you start the homebuying process so I can show you how to stop the credit agencies from selling your information before your credit is pulled.

256-797-7207

02/14/2024

Consumer Price Index (January 2024)
Inflation was hotter than expected in January, with rising shelter costs a key contributor to the increase. Yet, annual inflation has come down quite a bit after peaking in 2022. Headline CPI is now at 3.1% (down from 9.1%). Core CPI, which removes food and energy prices, is at 3.9% (down from 6.6%). How will the Fed see this progress as it ponders monetary policy and rate cuts this year?

02/13/2024

Huntsville, known for its aerospace and defense industries, also offers a high quality of life, affordable housing, and a vibrant job market in tech and research, making it a notable destination for homebuyers. The typical home value here is $271,594.

These cities boast numerous appealing qualities.

02/05/2024

Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except one since 1942. Just look at those returns, too! Housing builds significant, long-term wealth.
Call me Today to get preapproved to buy your new home. 256-797-7207