Patrick Huley - Your Optimistic Loan Officer

02/13/2025

Is it your turn to become a homeowner this year and ditch renting??

Ask me what this could look like for you!

Comment with a "purchase price" and I'll give you a monthly payment and a home that pairs 😉

09/18/2024

📢 **FED Rate Drop: What It REALLY Means for You** 📉💡

Hey friends, with all the buzz about the Fed recently lowering the Federal Funds Rate by 50 basis points (0.50%), there’s some confusion about how this impacts you—especially when it comes to mortgage rates. Let’s clear that up!

**What actually happens when the Fed lowers the rate?**
When the Fed lowers the rate, it directly affects **short-term rates**, like:
✔️ Credit Cards 💳
✔️ Auto Loans 🚗
✔️ HELOCs (Home Equity Lines of Credit) 🏡

**But what about mortgage rates?** 🤔
Mortgage rates are influenced by **long-term factors** like the bond market, inflation expectations, and the overall economy—not directly by the Fed’s moves. So, while mortgage rates can fluctuate in response to market changes, they don’t follow the Fed rate 1:1.

**The Bottom Line:**
This recent 50bps rate cut might make your credit cards, auto loans, and HELOCs more affordable, but it doesn’t mean mortgage rates will drop in the same way. They can move independently based on broader economic conditions, and have already been baked into the rates we have been seeing over the last couple of weeks. 🏠💸

Got questions? Reach out, and let’s talk about how these changes may impact your home financing goals! 📞



The Genuine Group | Realtor
Influence Lending | Mortgage Broker
385-549-6646

05/20/2024

Our commitment to you goes much further than securing a loan. We want to make your journey to homeownership as smooth as possible, from start to finish and beyond. Even after the closing table, we're here to provide the support and guidance you need. Call today!

Patrick Huley | Sr. Loan Officer
Luneta Home Loans | NMLS 1684328
385-549-6646 | www.patrickhuley.com

05/19/2024

Let's pull back the curtain: Why would you need mortgage insurance? Because it gives you the opportunity to secure a loan that may otherwise be out of reach. Once you've reached a certain amount of equity in your home, it can be removed. Reach out to find out more!

05/18/2024

A great school district can add value to your home, even if you don't have kids. Remember to also consider factors like amenities and commute times, as these can significantly impact your day-to-day life. Call me to start your journey!

Patrick Huley | Sr. Loan Officer
Luneta Home Loans | NMLS 1684328
385-549-6646 | www.patrickhuley.com

05/17/2024

First-time homebuying can be confusing — especially when it comes to your first-time mortgage. But with our expert advice just a click or call away, we'll make sure you have the knowledge and support you need to conquer this milestone with confidence!

Patrick Huley | Sr. Loan Officer
Luneta Home Loans | NMLS 1684328
385-549-6646 | www.patrickhuley.com

05/16/2024

With us, life doesn't have to stop when the homebuying process starts. Our tools allow you to comfortably apply online from the living room, the office or even on vacation. Are you ready for your forever home? DM me to get started!

Patrick Huley | Sr. Loan Officer
Luneta Home Loans | NMLS 1684328
385-549-6646 | www.patrickhuley.com

05/15/2024

They say home is where the heart is, and we couldn't agree more. Let us help you find the mortgage that meets your needs, for the house that steals your heart. Contact me today!

Patrick Huley | Sr. Loan Officer
Luneta Home Loans | NMLS 1684328
385-549-6646 | www.patrickhuley.com

05/07/2024

🗓️ This week is pretty quiet in terms of data!

📊 We're waiting for next week's inflation report. Last month's data showed that inflation isn't cooling as fast as the market expected. The market even started pricing in a small chance of another rate hike this year because of it. But last week, the Fed eased those worries and basically ruled out another rate hike.

📝 On Friday, the jobs data was lower than expected (higher unemployment and lower payroll), suggesting that inflation might be slowing.

⏸️ For now, the market is just waiting for new data. Meanwhile, we're just trading sideways—one day looks good, then the next one cancels it out. 📉📈 Inflation is tough to slow because in the short term, it takes higher rates, which ironically can push inflation higher. By the time there are signs of slowing inflation, it’s usually too late to make policy changes like cutting rates. The Fed has a tricky job to do! 😵‍💫

Patrick Huley - Your Optimistic Loan Officer
385-549-6646
NMLS: 1684328

03/27/2024

🔥 Case-Shiller Home Price Index (January 2024) 🔥

National home prices have “have continued to break through previous all-time highs set last year” per Case-Shiller, with January posting a seasonally adjusted 0.4% rise from December. Prices were also 6% higher than a year earlier, the fastest annual rate since 2022. All 20 cities in their composite index saw annual price increases for the second straight month, and home values are expected to remain supported this year.

Patrick Huley - Your Optimistic Loan Officer
385-549-6646
NMLS: 1684328

03/26/2024

!!Last March Mortgage Update!!

The market improved over the past week! The Fed did not hint at only 2 rate hikes this year, which is what would have caused rates to move worse. At this point, we will have some Fed members speaking their own opinion which could cause some adjustments, but for the most part, we are waiting and watching for new data to come out. We’re locking up anything that we haven’t for the short term as there really isn’t a lot of room for rates to improve. However, floating isn’t necessarily risky at this point.

The house price index came out today showing home prices dropped by 0.1% in January. This is very normal for a winter market, and the year over year numbers were between 6.3-6.6%. The fortunate (and unfortunate) news is that though rates are higher, the housing market is still moving and is still resilient.

The market closes early Thursday and is closed Friday. Next week, we get PMI data which is essentially money spent in manufacturing, then later in the week is jobless claims, payroll data, and the unemployment rate which could cause some volatility.

Patrick Huley - Your Optimistic Loan Officer
385-549-6646
NMLS: 1684328

03/22/2024

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Patrick Huley - Luneta Home Loans
385-549-6646
NMLS: 1684328

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