Mortgage Planning with Josh

12/19/2023

No moves, are kind of good moves! That swift swing up in rates was brutal!! I think a swift swing down, would be just as bad!

Morning rate sheets will be where we left off yesterday.

We are in holiday seasoning so trading is down quite a bit from the norm. Very little news and market is waiting on PCE on Friday for the next big inflation marker.

Housing starts did increase by 4% month over month which is a great thing to see. Building permits were down though to counteract the starts.

Have a great day!

Let Joshua help you get a great rate on your next home purchase or refinance mortgage loan.

12/15/2023

No news, is good news…. We were getting 50 to 75 bps whips daily!

SINCE MORNING OPEN
Conv - UP 0
Govt - UP 0

Market Update
We are pretty much where we left off last night for morning rate sheets which you may not realize it but is a blessing to hold on to the great gains we had. We were pretty far down early this morning but it came back.

The reason is Fed member Williams said talking about a rate reduction is pre-mature and that impacted this morning but again recovered since this morning.

We had manufacturing index come in a little better than expected year over year. It is still down but not by as much as expected. No other reports coming in today that should impact markets.

Next week we have the housing indexes coming in as well as GDP and PCE (Personal Consumption Expenditures) that can impact the markets.

Make it a great weekend!

Click the link to buy, refi, or HELOC!

Let Joshua help you get a great rate on your next home purchase or refinance mortgage loan.

12/14/2023

Que the happy “It’s HAPPENING” gifs

Do you have a rate with a 7, or 8? Click the link, let’s fix that and skip a couple of payments to start the new year!

MARKET UPDATE

A big deal was going to be the third reaction after the Fed meeting and we have some good news this morning. We are holding stable as of this moment. We have had some volatility this morning so be careful in your locking. Not a bad time to lock for sure.

The 10 year is below 4% at 3.94 which is crazy to see but if it holds for a couple days it could become our new ceiling vs our floor which is very good news for rates.

Jobless claims came in lower than expected today which is not bond friendly but still holding. Retail sales came in up 2% vs down 1% which is good for the economy and not bond friendly but again market is holding.

Overall, starting the day where we ended a great day yesterday. Do with it as you may but it is a good day to be marketing to your clients.

Let Joshua help you get a great rate on your next home purchase or refinance mortgage loan.

12/13/2023

MBS MORNING UPDATE
SINCE LAST NIGHT
Conv - UP 3
Govt - UP 0

It's PPI day as well as Fed day so the markets are waiting on the Fed meeting comments to happen this afternoon around 2:00 EST with statement and 2:30 press conference.

PPI (Producer Price Index) came in about as expected but down which is great news. This should help consumer inflation down the road. It came in at 2% year over year and 0% month over month. Markets are giving a little love in light of this.

We are starting the day 3 BPS better on Conventional compared to last nights rate sheet. Govt loans will be the same.

Mortgage applications are up 7.4% week over week with purchases being up 3.5% and refinances up 19.4%. I hope you are marketing. Avg 30 yr fixed rate went from 7.17 to 7.07% which is great to see.

Make it a great day!

Heloc, refi, buy?

Click the link

Let Joshua help you get a great rate on your next home purchase or refinance mortgage loan.

08/02/2022

Kell said…. Omg shave your face. I said, girl you trippin’…… I don’t think I’m going to make my self proclaimed No Shave 2022

04/25/2022

Heading to the nooga…… great working with Dill on this deal for Bill, with the referral from Phil .jurick

03/27/2022

I out kicked my coverage for sure, and then Kell blessed me with a copy and paste mini version! My 2 girls, keep getting more and more beautiful every year.

03/12/2022

Once my bro and I dust off these samoas….. the dirtbags have given Mase’s pops a whole new motivation.

02/26/2022

Shout out to the Mason is fully addicted!

01/24/2022

5.0 star review received on Experience.com for Joshua Phillips by Jodi Silverstein B. - Josh Philips is professional, knowledgeable, answered our questions quickly and accurately.

Click to see all 31 reviews of Joshua Phillips,
Loan Officer | NMLS 1588534

12/23/2021

5.0 star review received on Experience.com for Joshua Phillips by John Franklin O. - Josh was helpful, and always made sure our questions were answered and process was pretty much seamless.

Click to see all 31 reviews of Joshua Phillips,
Loan Officer | NMLS 1588534