Jeremy Plouzek, Loan Officer

Jeremy Plouzek, Loan Officer Since 1997, I've helped thousands of people obtain the best financing on their homes. NMLS #151251

Mortgage Market Movement 😃 -
12/09/2024

Mortgage Market Movement 😃 -

Mortgage pricing is down 9bps this morning with no economic reports out in the US.  The cause is domestic oil prices, which are up 1.99% today alone.  Since oil affects 60% of all goods sold, rising oil prices is inflationary and bad news for fans of lower interest rates.  All the same, the prob...

Mortgage Market Movement 😃 -
12/06/2024

Mortgage Market Movement 😃 -

The Bureau of Labor Statistics monthly jobs report came out this morning, showing the Unemployment Rate has risen from 4.1% to 4.2%. It's in line with analyst expectations. There were 227,000 new jobs created this month, which is 7000 more than anticipated. Hourly hourly earnings are growing at 4...

Mortgage Market Movement 😃 -
12/04/2024

Mortgage Market Movement 😃 -

This morning's ADP Jobs Report showed 146K new jobs were created last month, which is 38K fewer than the month prior and 20K less than the 166K expected.  The official BLS Jobs Report will be released on Friday, where Hourly Earnings are anticipated to drop 0.1% and the Unemployment Rate is expecte...

Mortgage Market Movement 😃 -
11/25/2024

Mortgage Market Movement 😃 -

Scott Bessent was named to be the new Treasury Secretary in the next presidential administration.  Mr. Bessent is a known  inflation hawk and the possibility of his appointment is helping interest rates to improve today.  Tomorrow we'll see the minutes from the most recent FOMC meeting and then w...

Last Call For Pie! 😃 -
11/22/2024

Last Call For Pie! 😃 -

If it's not evident in the cooling temperatures, Thanksgiving is less than two weeks away.  Thanksgiving of course is a wonderful time of year to ponder the bounteous blessings that make you glad to be alive.  It's an extended weekend to share fond memories with loved ones you may or may not see...

Mortgage Market Movement 😃 -
11/21/2024

Mortgage Market Movement 😃 -

The number of people filing for unemployment dropped 6,000 from last week to 213,000.  Market was expecting 220,000.  Initial Jobless Claims have a "moderate" impact on mortgage rates.  Another "moderate" reading is NAR's Existing Home Sales which rose by 3.3% from this time last year.  We ce...

Preorder Your Pie! 😃 -
11/15/2024

Preorder Your Pie! 😃 -

If it's not evident in the cooling temperatures, Thanksgiving is less than two weeks away.  Thanksgiving of course is a wonderful time of year to ponder the bounteous blessings that make you glad to be alive.  It's an extended weekend to share fond memories with loved ones you may or may not see...

Mortgage Market Movement 😃 -
11/14/2024

Mortgage Market Movement 😃 -

As anticipated, the Producer Price Index shows that wholesale costs increased 0.2% from last month and 2.4% from last year.  No surprises keep interest rates status quo.  Jobless Claims, which measure the numbers of individuals filing for unemployment for the first time, dropped 1.8% this month, p...

Mortgage Market Movement 😃 -
11/13/2024

Mortgage Market Movement 😃 -

The Consumer Price Index came in right at expectations with a year-over-year appreciation rate of 2.6%. The price of a roof over one's head is largely driving the cost upward.  Shelter costs increased 4.88% over the most recent 12 month period.  MBS are still moving sideways, but are technically ...

Mortgage Market Movement 😃 -
11/12/2024

Mortgage Market Movement 😃 -

Veteran's Day weekend did not do any favors to the bond market; MBS lost another 43bps today. Tomorrow we'll see monthly CPI, which is expected to rise from last month's 2.4% to 2.6%. PPI is also expected to increase 0.2% when released on Thursday.  The good news is that those results are already p...

Mortgage Market Movement 😃 -
11/09/2024

Mortgage Market Movement 😃 -

The story goes that canaries were kept as pets in coal mines.  While alive, their bright plumage and cheerful song lightened the mood in an otherwise dreary, dusty, dark, loud, and cold environment.  More than a mere mascot though, the presence of a perky canary meant that the air in the mine was ...

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84057

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