Best Equity Mortgage: Joe Feinhandler

05/23/2024

ONE WEEK! Start to finish on this purchase loan. These first time buyers executed the plan that we set up for them flawlessly and we are helping them close escrow 11 days early on a 21 day contract!

Who do you know looking for a new backyard before the kids are off for summer?

12/27/2023

For ANYONE that was thinking about buying AFTER rates come down here is exactly why you should pull the trigger BEFORE they come down! Values will climb at a faster rate with supply and demand still out of hand and we will be forced back into a no contingency multiple offer situation for buyers. Lock down the property now and we will take care of the rate later and hit me up for a cost of waiting analysis tailored to specific zip codes if you think that waiting is a good move.

"This will continue to impact affordability, particularly for entry-level and first-time homebuyers, thereby constraining demand."

07/18/2023

Happy National Mortgage Brokers Day! We're so grateful for the trust and support of our clients. Thank you for allowing us to be a part of your journey to homeownership.

01/03/2023

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮, 𝟮𝟬𝟮𝟯

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Average mortgage rates crept a bit higher during the holiday shortened week last week, mainly due to conditions caused by low trading volume in the markets. Unfortunately we have seen rates move higher now for two weeks in a row, although not by much.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 👍
This week we could see mortgage rates improve a bit, hopefully recovering some from the increases we saw during the last couple of weeks. All eyes will be on Friday's jobs data, and Friday could be a volatile day for rates.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: There isn't much data to worry about this week, but Friday's jobs data has the potential to have a big effect on rates. Markets will be looking for signs of the labor market weakening, and signs of strong wage growth or low unemployment could pressure mortgage rates. This is the last jobs report before the next Fed meeting, so markets will be watching it closely.
- The Fed: Current mortgage rates are based on the speculation that the Fed policy rate will peak at 4.75% by March. If markets start to believe that the Fed will raise the policy rate higher, based on strong labor data and other strong economic data, it will pressure mortgage rates higher.

12/27/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟲𝘁𝗵, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Average mortgage rates crept a bit higher last week, although the movement wasn't much and was mainly due to low trading volumes during the end of year holidays. Mortgage rates are tied to the markets, and the low trading volume can cause a bit of choppiness for rates.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
The week between Christmas and New Years is usually a quiet week for mortgage rates, and we don't usually see much movement. While it is possible that rates could creep up or down slightly, it is likely that we end the week with rates basically the same.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: There is very little data being reported this week, and nothing that should affect mortgage rates.
- Holidays: Mortgage rates are tied to the performance of securities on the bond market, which was closed Monday in observance of Christmas and will close early Friday for New Years. The bond market will also be closed on Monday 12/2 for New Years. This should help mortgage rates remain basically unchanged for the week.

12/23/2022

⚠️ 🚨 You have likely heard the ads... "Push button. Get mortgage."

Is it really that easy? Not yet it's not... 😅

The truth is that there are many different mortgage programs out there, and which one you choose can affect your interest rate, your payment, and even the amount of money you will need to put down.

𝗠𝗮𝗸𝗶𝗻𝗴 𝗮 𝗺𝗶𝘀𝘁𝗮𝗸𝗲 𝗰𝗼𝘂𝗹𝗱 𝗰𝗼𝘀𝘁 𝘆𝗼𝘂 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝗱𝗼𝗹𝗹𝗮𝗿𝘀 𝗮 𝗺𝗼𝗻𝘁𝗵 𝗮𝗻𝗱 𝘁𝗵𝗼𝘂𝘀𝗮𝗻𝗱𝘀 (𝗼𝗿 𝗲𝘃𝗲𝗻 𝘁𝗲𝗻𝘀 𝗼𝗳 𝘁𝗵𝗼𝘂𝘀𝗮𝗻𝗱𝘀!) 𝗼𝗳 𝗱𝗼𝗹𝗹𝗮𝗿𝘀 𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗹𝗶𝗳𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲. 𝗢𝗿, 𝗶𝘁 𝗰𝗼𝘂𝗹𝗱 𝗺𝗲𝗮𝗻 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗽𝘂𝘁 𝗱𝗼𝘄𝗻 𝗺𝗼𝗿𝗲 𝗺𝗼𝗻𝗲𝘆 𝘁𝗵𝗮𝗻 𝘆𝗼𝘂 𝗿𝗲𝗮𝗹𝗹𝘆 𝗻𝗲𝗲𝗱𝗲𝗱 𝘁𝗼.

Even with the right program, a lot can go wrong during the mortgage process. Don't you want a human on your side to help guide you through the problems and make it go smoothly and hassle free?

✅ 𝗜 𝗰𝗮𝗻 𝗱𝗼 𝘁𝗵𝗮𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂.

👉 𝗜𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝘀𝘂𝗿𝗲 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲, 𝘁𝗵𝗲𝗻 𝘆𝗼𝘂'𝗿𝗲 𝗯𝗲𝘁𝘁𝗲𝗿 𝗼𝗳𝗳 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗲 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲 𝗮𝗽𝗽 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗽𝗵𝗼𝗻𝗲. 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽 𝗮𝗻𝘆𝘁𝗶𝗺𝗲, 𝗷𝘂𝘀𝘁 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝘄𝗵𝗲𝗻 𝗶𝘁 𝗶𝘀 𝗰𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝘁 𝗮𝗻𝗱 𝘄𝗲'𝗹𝗹 𝗳𝗶𝗻𝗱 𝘀𝗼𝗺𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝘁𝗮𝗹𝗸.

I'm here if you need me.

12/19/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟭𝟵, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Last week's inflation data came in narrowly better than expected, and although above the Fed's target 2% rate was tied for lowest since November 2021. And while the Fed raised policy rates 0.5% and gave a message that it projected to raise rates in 2023 higher than markets expected, markets don't believe the Fed will be able to do that due to a slowing economy and decreasing inflation. All of this helped mortgage rates end the week slightly better than the previous week.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝗰𝗵𝗼𝗽𝗽𝘆 ⚠️
Average mortgage rates may creep up a bit this week, but aren't in danger of moving significantly higher from here. Traders tend to take off the last couple of weeks of the year, which leads to lower trading volumes and can make mortgage rates a bit choppy from day to day. We could end the week with rates slightly higher though, after ending last week near the best levels we've seen in months.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Consumer sentiment and the PCE inflation report come out on Friday, and could cause more movement than normal due to the holiday.
- Christmas: The bond market will close early Friday (2pm ET) and be closed on Monday in observance of Christmas.

12/12/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟭𝟮, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
Average mortgage rates didn't move much over the last week, although they did move a bit from day-to-day to end the week basically unchanged.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
Rates could make big moves this week as we get two major events - consumer inflation data and the Fed meeting and press conference. Rates could improve or get worse, depending on how the data comes out as well as how markets react. It's a good week to stay in touch with your mortgage professional and discuss locking if concerned.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Tuesday morning before rates are set, November's CPI consumer inflation data comes out. October's report came in better than expected, helping rates fall from the 7's back into the 6's. If this report also shows inflation is easing and comes in better than expected, we could see rates improve. However, if the data comes in worse than expected we could see rates surge higher.
- The Fed: The Fed is expected to raise policy rates by .50% at this week's meeting, as well as forecast how high it will raise rates in 2023 and at what pace. The Fed's outlook is going to be influenced by Tuesday's inflation data, and will affect mortgage rates immediately.

12/05/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟱, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Although we did see some volatility in rates to end the week as expected, rates improved overall last week. The main reason we saw rates improve was Fed Chair Jerome Powell's speech on Wednesday, which gave markets the impression that the Fed may not hike policy rates as high at the upcoming meetings as he led them to believe during his last press conference.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗻𝗼𝘁 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗺𝗼𝘃𝗲 𝗺𝘂𝗰𝗵
Rates are not likely to move much this week, as markets wait for two big events next week instead - the CPI inflation data and the Fed's next meeting. Although we may see some movement from day-to-day, it isn't likely we see rates make any significant move higher or lower.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: We aren't likely to see too much of a response to most of the data this week, but Friday's wholesale inflation data should be watched. It won't have the same effect that the CPI consumer inflation report will have next week, but it could affect rates for Friday.
- The Fed: Fed members are in a blackout period ahead of next week's meeting, but markets will still adjust based on expectations of how high the Fed will raise policy rates heading into 2023. Current expectations are 5% by May.

11/29/2022

❗🏡 𝗡𝗲𝘄 𝗰𝗼𝗻𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗹𝗼𝗮𝗻 𝗹𝗶𝗺𝗶𝘁𝘀 𝗳𝗼𝗿 𝗙𝗮𝗻𝗻𝗶𝗲 𝗠𝗮𝗲 𝗮𝗻𝗱 𝗙𝗿𝗲𝗱𝗱𝗶𝗲 𝗠𝗮𝗰 𝗺𝗮𝘆 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲! 😀

Today's news means you may be able to qualify for 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲 𝗮𝘁 𝗮 𝗹𝗼𝘄𝗲𝗿 𝗿𝗮𝘁𝗲, because a "conforming" loan often has a better rate than a "jumbo" loan that you would normally need for higher mortgage amounts.

The conforming loan amount is going from $647,200 to $726,200 in 2023. Some areas of the country qualify for even higher limits, sometimes as high as $1,089,300!

👉 𝗜𝗳 𝘆𝗼𝘂'𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄 𝘁𝗵𝗮𝘁 𝗮𝗳𝗳𝗲𝗰𝘁𝘀 𝘆𝗼𝘂, 𝗹𝗲𝘁 𝗺𝗲 𝗸𝗻𝗼𝘄 𝗮𝗻𝗱 𝗜'𝗹𝗹 𝗯𝗲 𝗴𝗹𝗮𝗱 𝘁𝗼 𝗴𝗼 𝗼𝘃𝗲𝗿 𝗶𝘁 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂.

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽.

11/28/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟴, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗲𝗿𝗲 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
With traders taking the second half of the week off, average mortgage rates ended last week's holiday shortened week at basically the same level as the previous week.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗹𝗼𝘄 𝗯𝘂𝘁 𝗰𝗼𝘂𝗹𝗱 𝘀𝗲𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 👍
There are two economic reports this week that could affect mortgage rates, the PCE inflation report and jobs data. It isn't too likely that we will get any surprises on the reports that could push rates significantly higher or lower, but we could see some smaller movement. The overall outlook though is still good for rates, and that rates should remain stable heading into next month's Fed meeting.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: On Thursday we will get the Fed's favorite gauge of inflation, the PCE inflation report. If it shows inflation is decreasing, like we saw with the CPI inflation report a couple of weeks ago, it could help mortgage rates remain at these levels or move slightly lower. On Friday we will get jobs data, and a strong report could pressure rates, while a weaker report could help mortgage rates.
- The Fed: Fed Chair Jerome Powell is speaking on Wednesday, and is expected to confirm a slower pace of future Fed rate hikes, which is good for rates.

11/21/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟭, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗲𝗿𝗲 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
After dropping significantly the previous week, average mortgage rates last week were basically unchanged, and moved very little day to day despite economic and job data that showed the economy remains resilient and is not yet slowing down. Often strong data like we saw would have turned into slightly higher mortgage rates, but didn't this time.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗻𝗲𝗮𝗿 𝘁𝗵𝗲𝘀𝗲 𝗹𝗲𝘃𝗲𝗹𝘀 👍
This week, mortgage rates are likely to remain at or near the current levels through the holiday shortened week, with very little going on in the markets to cause much concern.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: The only day that we have any significant economic data is Wednesday, but rates shouldn't be largely affected.
- The Fed: Mortgage rates are reacting to the speculation of when and how much the Fed will hike policy rates to end 2022 and into the meetings in 2023. The minutes from last month's Fed meeting come out on Wednesday, but aren't expected to cause any surprises for rates.
- Thanksgiving: Markets will be closed Thursday and will close early on Friday. Most lenders will do the same, and rates are not likely to move between Wednesday and the following Monday.