Phoenix Breaux - Mortgage Specialist - NMLS 1165508

04/14/2023

Mortgage rates reached their lowest point in two months last week as the job market showed signs of cooling, according to data released by the Mortgage Bankers Association (MBA) this week…

02/02/2023

📣📣 Mortgage rates fall for fourth week in a row | CNN Business

Mortgage rates fell slightly this week, as a smaller rate hike by the Federal Reserve signaled promising improvement on inflation.

11/11/2022

Today and Everyday. Thank you 🇺🇸🙏🏾♥️🤍💙

09/07/2022

🚨Alert To Lock Those Loans 🚨

If you are in the market maybe take a look at this

Fed Chairman Jerome Powell’s pledge to reduce inflation even if it increases unemployment puts the U.S. central bank on course to raise rates by another 0.75 percentage point this month.

09/02/2022

“Hard work spotlights the character of people. Some turn up their sleeves. Some turn up their noses, and some don’t turn up at all.” —Sam Ewing

Thank you and Happy Labor Day! Happy Labor Day everyone! Thank you for your tireless work. Now kick back, relax, and enjoy your long weekend. 😀

07/16/2022

Waiting one year for that (*hypothetical) rate drop could result in missing out on valuable equity gained with appreciation over the next year (even at a very conservative appreciation rate!). Take a closer look at how much you’re missing out on by waiting to buy, and contact me if you’re ready to capitalize on the expected appreciation!

06/24/2022

Wow 😀

06/15/2022

ℹ️ The History of the Federal Funds effective rate 📈📉

06/15/2022

🗣🗣🗣 Mortgage Rates Surge Well Into the 6% Range After One of The Worst Days in Decades

ℹ️ The Fed Funds Rate doesn't directly dictate mortgage rates, but movement in Fed rate hike expectations does tend to coincide with movement in mortgage rates. Said another way, mortgage rates don't really care when the Fed actually hikes or cuts its policy rate, but they do care when the market changes its view of what the the Fed will do in the future.

📈 The average lender is quoting top tier 30yr fixed rates in the 6.25-6.375% range, but as discussed, it's cheaper than normal to buy one's rate down. That means rates in the high 5's are still being quoted, but those quotes imply higher upfront costs (aka "points").

It's hard to quantify just how bad today was for mortgage rates because there's no quality day-over-day mortgage rate data from before 2009 (when we created our own).  In that time, there has only been one other comparable day to today in terms of the jump in mortgage rates. As a fa...

05/27/2022

🗣🗣🗣How to tap into your homes equity if you aren’t ready to sell. 🤔

Total housing wealth grew by $8.2 trillion between 2010 and 2020, according to a March report from the National Association of Realtors.

04/26/2022

🚧 Heads up this week! 🚧
In case you haven't heard, the NFL Draft is in Las Vegas!!
We are expecting 200,000 visitors per day to attend the event and associated activities.
Road closures will be in effect from April 27 to April 30.

🚫 Las Vegas Blvd in both directions between Paris Dr. and Flamingo will be closed.
🚫 Flamingo Road in both directions between Las Vegas Blvd. and Koval will be closed.
🚧 Koval southbound between Krueger and Flamingo will be down to one lane.

⚠️There will be limited access for Bally’s and the Cromwell.

Please plan your routes and expect there will be long delays around The Strip during these dates.