MiMortgage - Mortgage Lender - Jacksonville, FL

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MiMortgage - Mortgage Lender - Jacksonville, FL

MiMortgage, A Division of Network Funding, LP | NMLS # 2297. Licensed to do business in FL, GA, TX & CO. "Many people don't focus enough on ex*****on. Chenaul

Georgia Residential Mortgage Licensee, Lender License #18150
Colorado License # 100505621, Regulated by the Division of Real Estate. If you make a commitment to get something done, you need to follow through on that commitment."
-K.

09/04/2026

Non Farm Payrolls revealed more hiring than expected in August. 162k jobs were added in the month vs 55k mean estimate. July payrolls were revised higher to 21k from -23k, a net gain of 44k. With the massive 4.1 standard deviation beat I started wondering how often the mean Wall Street estimate of Non Farm Payrolls was close to or equal to the actual number. Since the August 2024 jobs report, only three times has the actual number been within 1 standard deviation of the mean estimate. The average standard deviation is 3.6. In 13 of the last 25 reports the actual number has been either higher than the max estimate or lower than the minimum estimate. It seems forecasting jobs is a difficult task, but when the number beats (or falls short of) the mean estimate meaningfully, the market reacts. Today’s reaction was a move higher in interest rates coupled with increasing odds of a rate hike in September. The meeting on September 16th now holds a 60% chance of a rate hike. It’s not very often of late that we go into a Fed meeting without knowing what the Fed will do. Next Thursday’s PPI report and Friday’s CPI report will play a big part in the Fed’s decision of hike vs hold, with the market leaning hike today.

09/03/2026

Buying a home is a big milestone, and for many homeowners, a mortgage is the tool that helps make it happen. Whether you're a first-time buyer or planning your next move, understanding your mortgage options is an important step toward reaching your goals. 🏠✨

08/28/2026

Mortgage rates ended the week higher. Fed Chair Kevin Warsh delivered a hawkish speech at the Jackson Hole Economic Policy Symposium. Yields and rate hikes odds rose as the yield curve bear flattened.

The 2% target is “firm” and “fixed”:

Warsh explicitly rejected any suggestion that the Fed might tolerate a permanently higher inflation rate. He also said inflation is not necessarily self-correcting or mean-reverting, meaning policymakers cannot simply wait for inflation to drift back toward target. This is especially important because it rejects the argument that the Fed should accommodate 3% inflation because of structural changes, fiscal deficits, supply constraints, tariffs, or geopolitical disruptions.

Inflation is the Fed’s predominant concern:

Warsh said the Fed’s “predominant focus right now should be on prices.” That is a direct statement about the current balance of risks. Employment is not presently the constraint on policy.

The economy appears to have strengthened:

Warsh highlighted approximately 9% four-quarter growth in equipment and intangible investment, strong AI-related capital expenditures, corporate profit growth exceeding 20%, healthy consumption, and private domestic final purchases growing at nearly a 3% pace during the calendar year. Strong growth is not inherently hawkish, but it reduces the downside economic risk of tightening.

He did not explicitly commit to a hike. Warsh said he was committed to a policy discipline, not a specific decision, and declined to provide either a rate path or a mechanical reaction function. This preserves the option to hold in September if incoming inflation or labor data soften materially.

Inflation expectations remain stable:

He said medium-term inflation expectations were generally stable and that inflation compensation in the swaps market conveyed a similar message. Anchored expectations reduce the urgency for an outsized move, although they do not eliminate the rationale for a 25-basis-point hike.

08/27/2026

”$434,100: Median existing-home price for all housing types.

2.0% increase from one year ago ($425,700), marking the 37th consecutive month of year-over-year price increases.”

Source: https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-1-7-decrease-in-july

08/26/2026

🏡 Mortgage Tip: Don't forget about closing costs!

When budgeting for your home purchase, remember that your down payment isn't the only expense to plan for. Closing costs can include lender fees, title services, taxes, and more. Being prepared can help make your homebuying journey much smoother.

08/24/2026

🏡 Buying a home is exciting, but protecting your investment is just as important. Title insurance helps safeguard your ownership rights against unexpected title issues that may arise after closing.

A little protection today can provide peace of mind for years to come. 🔑✨

08/21/2026

Mortgage rates ended the week higher.

Treasury grabbed headlines this week when Secretary Scott Bessent announced Treasury would double the size of buybacks ($4 billion from $2 billion) in the 10-20 year and 20-30 year maturity buckets, buying back off-the-run 20-year and 30-year treasuries. The move temporarily worked as intended – driving long bond yields lower. But the rally reversed (shorts covered and the selling resumed) as investors questioned whether buybacks could overcome the underlying issues – inflation, growing deficit spending. The national debt crossed $40 trillion this week. 200 years for the first trillion, 95 days for the latest trillion.

Oil prices rose ~5.75% this week to ~$87/bbl. The SPR showed its 21st consecutive weekly draw, falling by 5.268mm bbls. Total crude stocks ex SPR rose by 4.405mm bbls, the third consecutive weekly build.

Housing starts fell 12.44% MoM to an annualized 1.24mm.

Fed Funds Futures give a 60% chance of no change in September and a 60% chance of a 25 bps rate hike in October.

Next Week: Core PCE on Wednesday, Non Farm Payroll Annual Revision (preliminary release, final release is in February). The last two Non Farm Payroll annual revisions saw job gains reduced by a seasonally adjusted -589k and -898k respectively.

08/19/2026

💡 Historical Mortgage Fact:

One of the earliest known uses of the word "morgage" appears in John Gower's Confessio Amantis. Interestingly, it wasn't about buying a home. Gower used the term when discussing marriage vows, portraying them as a serious pledge that should be honored.

A lot has changed since the 14th century, but commitment still sits at the heart of both marriage and homeownership. 🏠

08/17/2026

🏠 Mortgage Term of the Day: Deed of Trust

A Deed of Trust is a document that secures your home loan and protects the interests of both the borrower and lender throughout the mortgage process.

Knowledge is power when it comes to buying a home! 💡

08/14/2026

Mortgage rates ended the week higher.

All eyes were on CPI and PPI this week and both beat expectations. Headline CPI +0.1% MoM, +3.4% YoY. Core CPI +0.2% MoM, +2.5% YoY. Headline PPI +0% MoM, +4.7% YoY. Core PPI +0.2% MoM, +4.2% YoY.

Energy prices falling a seasonally adjusted -1.5% MoM was the biggest surprise. The least surprising and largest falling item in the CPI report was lettuce, falling -16.4% MoM (thank you Cyclospora).

Rate hike odds fell sharply after both inflation reports this week, but October is still looking at a 50% chance of a hike after yields rebounded higher on Friday.

Existing Home Sales fell -1.7% MoM to an annualized pace of 4.06mm.

Retail sales fell -0.6% MoM. The World Cup giveth, the World Cup taketh away.

Address

1635 Farm Way, Suite 401
Middleburg, FL
32068

Telephone

+19042695992

Website

https://www.mimortgageloan.com/

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