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Kevin Collman NMLS #1195718 : Mortgage Advisor

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United States
Kapolei, HI
Kevin Collman NMLS #1195718 : Mortgage Advisor

Realtors and buyers alike work with Kevin for one reason his outstanding track record and his long term experience. Military Home Loan Specialist.

Kevin Has over 2 decades in the mortgage business. If it can be done He can do it. You Get lower rates and faster service by contacting Kevin now!

09/06/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟲, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗴𝗼𝘁 𝘄𝗼𝗿𝘀𝗲 👎
Average mortgage rates moved higher once again last week, despite improving slightly Friday to end the week. Rates have been creeping higher all through August, and are close to the highs we saw back in June.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝘀𝘁𝗿𝘂𝗴𝗴𝗹𝗲 𝘁𝗼 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 ⚠️
Mortgage rates are starting the week off higher after markets were closed for Labor Day, and although there are some signs that rates could be close to capping out we could see them get even a little bit worse first. Recent economic data shows the economy is still growing, and rates are not likely to fall significantly until we see more signs of an economic slowdown and coming recession. That may not happen until next week when we get more inflation data, if it shows inflation is easing. This week we may see rates struggle to improve, although lower rates will come back when recession fears take hold.

𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: There isn't a lot of data this week to affect mortgage rates.
- European Central Bank: The ECB meets this Thursday and is expected to raise policy rates in Europe by as much as .75%. A large rate hike could help mortgage rates here in the U.S. by supporting bond prices globally.

09/02/2022

😎 🍉 𝗛𝗮𝘃𝗲 𝗳𝘂𝗻 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸𝗲𝗻𝗱! 🚤 🍦

08/29/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟵, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Average mortgage rates once again moved higher last week, although only slightly, as the PCE inflation data showed prices eased in July. However, comments by Fed Chair Jerome Powell from the Jackson Hole symposium pushed rates up a bit. Powell said the Fed will continue to raise policy rates to combat inflation, despite expectations that it will slow the economy and cause a recession.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲, 𝗕𝗨𝗧... ⚠️
Mortgage rates could improve this week, as talk of a slowing economy and a falling stock market fuels fears of a coming recession. However, we could still be a week away from improvement if bond prices start to slip this week as investors panic, pressuring rates higher instead.

𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: The big report this week will be jobs data on Friday, which could cause rates to move. A strong report could hurt rates, while a weaker report will help. There are also some manufacturing reports and a consumer confidence reading that will have a much lesser effect on rates but will play a role.
- Labor Day: Markets will be closed on Monday, and markets will likely be quiet on Friday after the jobs data as investors take off for a long weekend.

08/26/2022

⚠️ 𝗪𝗶𝘁𝗵 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗶𝗻𝗴 𝘂𝗽 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿, 𝗶𝘁 𝗵𝗮𝘀 𝗺𝗮𝗻𝘆 𝗵𝗼𝘂𝘀𝗲 𝗵𝘂𝗻𝘁𝗲𝗿𝘀 𝗮𝘀𝗸𝗶𝗻𝗴, "𝗦𝗵𝗼𝘂𝗹𝗱 𝗜 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲 𝗻𝗼𝘄, 𝗼𝗿 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝘄𝗮𝗶𝘁 𝗳𝗼𝗿 𝗿𝗮𝘁𝗲𝘀 𝘁𝗼 𝗱𝗿𝗼𝗽?" 🤔

That's a great question, and 𝗵𝗲𝗿𝗲'𝘀 𝘁𝗵𝗲 𝗮𝗻𝘀𝘄𝗲𝗿.

👍 𝗔𝘀 𝗮 𝗴𝗲𝗻𝗲𝗿𝗮𝗹 𝗿𝘂𝗹𝗲, 𝗻𝗼𝘄 𝗶𝘀 𝗮 𝗴𝗿𝗲𝗮𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲, 𝗮𝗻𝗱 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱𝗻'𝘁 𝘄𝗮𝗶𝘁 𝗳𝗼𝗿 𝗿𝗮𝘁𝗲𝘀 𝘁𝗼 𝗱𝗿𝗼𝗽.

Why?

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗮 𝗳𝗲𝘄 𝗿𝗲𝗮𝘀𝗼𝗻𝘀...

✅ Rates are not likely to drop significantly anytime soon. Although we see rates move up and down week-to-week, rates are not likely to drop and stay lower until the economy sees a significant slowdown.
✅ Home prices still aren't really falling, even as rates have moved higher. There is just too much demand and not enough inventory for home prices to drop significantly. However, we have seen the market soften a little bit and shift away from constant bidding wars and huge sales prices over asking price.
✅ You may be able to refinance later when rates drop.

𝗧𝗵𝗼𝘀𝗲 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗴𝗲𝗻𝗲𝗿𝗮𝗹 𝗿𝗲𝗮𝘀𝗼𝗻𝘀, 𝗯𝘂𝘁 𝗶𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗮𝗻𝗱 𝗰𝗼𝗺𝗳𝗼𝗿𝘁𝗮𝗯𝗹𝘆 𝗮𝗳𝗳𝗼𝗿𝗱, 𝗮𝘀 𝘄𝗲𝗹𝗹 𝗮𝘀 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗹𝗼𝗮𝗻 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝘁𝗵𝗮𝘁 𝗮𝗿𝗲 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝘁𝗼 𝘆𝗼𝘂, 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝗮𝗻𝘆𝘁𝗶𝗺𝗲.

08/22/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟮, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗴𝗼𝘁 𝘄𝗼𝗿𝘀𝗲👎
Average mortgage rates did get worse last week as we forecasted, as global inflation data spooked markets and expectations grew that September's Fed rate hike would have to be higher to fight inflation. Mortgage rates react early to expected Fed rate hikes, and moved higher.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝘀𝗲𝗲 𝘀𝗼𝗺𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆⚠️
Mortgage rates will likely get worse through the beginning of the week, but it won't be until Friday that we know if rates could rebound after recently moving higher. Reactions to Friday's inflation report and comments from Fed Chair Powell from Jackson Hole will decide if rates improve or continue higher.

𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- The Fed: The Fed will hold it's annual Jackson Hole symposium this week, and Fed Chair Jerome Powell will speak on Friday. Markets will be looking for signals on how aggressive the Fed will be at this month's Fed meeting when hiking rates.
- Economic data: Some housing data this week that isn't likely to affect rates much, but GDP data on Wednesday and inflation data on Friday are likely to affect rates. Concerns of inflation and a strong inflation report would be bad for rates, but concerns of recession would help rates move lower.

08/15/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟭𝟱, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗯𝗲𝘁𝘁𝗲𝗿 👍
Average mortgage rates improved slightly last week after data came in showing both consumer and wholesale inflation may have peaked and could now start to move lower.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝘄𝗼𝗿𝘀𝗲𝗻 👎
While rates are not likely to get significantly higher this week, we could see them get slightly worse if markets shift to anticipating a larger Fed rate hike at the September meeting. Right now markets are divided on whether the Fed will raise policy rates by .50 or .75, and mortgage rates will worsen on speculation of the larger hike.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A full week of housing data will factor into traders concerns, but won't affect rates directly. Wednesday's retail sales data may cause some volatility that day.
- The Fed: Minutes from July's Fed meeting come out Wednesday, and markets will be looking for signals of how aggressive the Fed plans to be at the September meeting with the next policy rate hike.
- Technical indicators: Mortgage rates are based on the performance of mortgage bonds, and this week we have some technical indicators that point to bonds struggling to improve from here, which could cap rate improvements and instead cause rates to worsen.

08/12/2022

𝗪𝗵𝗲𝘁𝗵𝗲𝗿 𝘆𝗼𝘂'𝗿𝗲 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝗮 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝘁𝗼 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗲, 𝘁𝗵𝗲𝘀𝗲 𝗮𝗿𝗲 𝟰 𝘁𝗵𝗶𝗻𝗴𝘀 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱 𝗡𝗢𝗧 𝗱𝗼...

🚫 Make any large purchases like a new car or furniture for your new home
Even if you don't have to pay any interest or make any payments for awhile, new purchases come with new debt that will have to be factored in and can affect qualifying for your loan.

🚫 Deposit cash into your bank account
All money into and out of your accounts has be be accounted for during the mortgage process, even if not being used for the mortgage or a down payment. Talk with me about how to document unexpected or large deposits, especially cash deposits.

🚫 Quit or change jobs.
Now isn't the time to make a move, even for a better opportunity... at least not without talking to me first about how it can impact your loan.

🚫 Open (or even close) credit accounts
Don't take that new store card to save 10% on your purchase, don't pay off old debts or collections, and don't close or pay off any other accounts. Some of these actions can have unexpected consequences to your credit score, so be sure to talk with me first.

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗜'𝗺 𝗮𝗹𝘄𝗮𝘆𝘀 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽. 𝗜𝗳 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝗺𝗲𝘀 𝘂𝗽 𝗮𝗻𝗱 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝘀𝗼𝗼𝗻, 𝗯𝗲 𝘀𝘂𝗿𝗲 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝘁𝗼 𝗺𝗲 𝗳𝗼𝗿 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲.

08/08/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟴, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗼𝗿𝘀𝗲 👎
Average mortgage rates started off last week improving, but ended the week higher after strong jobs and unemployment data showed the labor market wasn't yet cooling off. The number of new jobs created was more than double what was forecast, and unemployment numbers fell. A strong labor market means the Fed is more likely to raise rates higher at the September Fed meeting, and mortgage rates were negatively impacted on the speculation.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝘀𝗲𝗲 𝘀𝗼𝗺𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 ⚠️
Mortgage rates this week could move significantly day-to-day based on how markets react to consumer and wholesale inflation data as well as consumer sentiment readings. The longer term outlook is still good for rates, but it is a good week to stay in touch with your mortgage professional if you have a loan closing soon.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Consumer inflation data comes in on Wednesday, and wholesale inflation data comes in Thursday. Consumer sentiment data comes in on Friday. If markets see inflation peaking or retreating, that will be good for rates, but if inflation is strong that could be bad for rates this week.
- Fed speakers: Multiple Fed speakers this week could influence rates.

Address

92-6060 Puapake Street
Kapolei, HI
96707

Opening Hours

Monday	9am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 4pm

Telephone

+18084473454

Website

http://www.kevincollmanmortgage.com/

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