Shila Faries, Pivot Mortgage Lender NMLS# 2078758

06/20/2023

Mortgage points may help homebuyers lower monthly costs amid high interest rates - https://cnb.cx/3Nc2KYK

06/19/2023

06/08/2023

Read full CNBC article here - https://cnb.cx/43v3sXV

02/28/2023

Here are some photos from our team at the CUNA Governmental Affairs Conference; also known as the "credit union advocacy event of the year" where attendees and speakers are on a mission to show lawmakers the credit union difference!

02/13/2023

Photos of our very own James Cartwright at the MonDak Roundtable in Las Vegas last week.

02/03/2023

Mr. Powell, Federal Reserve Chairperson, walked a very thin line this week. He had to ensure that the Fed was staying focused on their tightening stance, and simultaneously acknowledging that their price increases have had a positive impact on inflation. Mr. Powell succeeded in walking the line.

Mortgage rates were positively impacted after Powell stated that inflation had shown welcome reduction in its pace over the past several months although, more work needed to be done.

The 10 year treasury, which is the bellwether for mortgage rates, is currently trading at around 3.5% a level that carries huge psychological impact for mortgage rates. If this level can become a ceiling versus a floor, we could see a run down to a 3% 10 year treasury which would equate to a low 5% 30 year fixed rate mortgage.

The housing market could definitely use the shot in the arm that lower rates would provide. As real estate continues its decline across all data points.

As higher rates continue to impact consumer spending and confidence the Fed will win its battle with slowing the economy down in order to bring inflation back down close to its 2% goal.

The economy has been impacted by higher rates. After today, the average credit card interest rate will exceed 20% with credit card balances higher than at any other point in history. The increases in interest rates on mortgages, car loans, HELOCs and credit cards are much greater than what we pay for a dozen eggs and so consumers will stop spending dollars due to their confidence eroding.

All this being said, if you are thinking about buying or refinancing, now may be a good time to put an application into play and hold on closing until you hit your optimal rate as over the next 60 days. It would not be surprising to see a 30 year fixed rate mortgage that starts with a 4.

02/03/2023

We are proud to offer you a second look on your denied Home Equity and 1st Mortgage applications - https://www.submitittopivot.com/

02/02/2023

See how much you can save in the first two years by utilizing our 2/1 Buydown Calculator - https://bit.ly/3HrYpxL