Jim Schmid - President at Grid Mortgage

04/11/2026

02/13/2026

The bond market drives changes in interest rates. Among bond traders, it's no secret that the Bureau of Labor Statistics' (BLS) jobs report is the most consequential monthly economic data. But this ti...

02/06/2026

Yes please…..

With the announcement that Trump nominated Kevin Warsh to be the new Fed Chair, there's a lot of misinformation and speculation making the rounds regarding the potential impact on mortgage rates. Let'...

01/30/2026

This week's newsletter is all about context when it comes to economic data and market movement. One point of view may provide a clear takeaway while zooming out completely changes the picture. Let'...

01/24/2026

Mortgage rates pulled back this week as the bond market digested geopolitical tension. After the 3-day holiday weekend, traders returned to find overseas markets pushing bond yields higher. Th...

01/16/2026

First things first: if we take the last 5 days out of the equation, today's mortgage rates are still the lowest since early 2023. But they spent most of those last 5 days moving up from even lower lev...

12/13/2025

Friends don't let friends believe the myth that Fed rate cuts result in lower mortgage rates. If you'd rather not immerse yourself in the "why," here is a solid "what:" This isn't an anomal...

11/21/2025

This week marked the return of delayed economic data from the government shutdown. Specifically, we received the important jobs report that was set to come out in early October. While this is Septembe...

10/17/2025

Nothing makes us happier than hearing how smooth the homebuying process was for our clients. Jim’s commitment to transparency and precision means no surprises — just savings.

🏡 Thinking about buying or refinancing? Let’s make your next move stress-free.

09/19/2025

There is a reason that last week's newsletter was titled " The Fed is Cutting Rates Next Week, But Not Mortgage Rates ." Indeed, mortgage rates surged HIGHER after this week's Fed rate cut--a seemi...

09/16/2025

Hallelujah!!! Long time coming…..

🚨 Big news for the mortgage world!

A new law bans trigger leads — meaning credit bureaus can no longer sell borrower info the moment a mortgage application is filed.

✨ What this means for YOU:
✔️ No more spam calls/texts from random lenders
✔️ More privacy & peace of mind during the buying process
✔️ A smoother, less stressful client experience

📅 Effective March 2026

This change keeps clients focused on their home purchase — and ensures trusted partners like Grid Mortgage can continue providing solutions when it matters most.

💬 Have questions about how this impacts you? Send us a message today!

09/12/2025

Markets have settled into a cycle that favors the jobs report as the only critical economic data as far as rates are concerned. This week's inflation data had a chance to claim/preserve a role as a st...