The Real PK

07/31/2025

Good info here!

A lot of data dropped yesterday. GDP came in stronger than expected at 3% for quarter 2. It was expected to be about 2% after the flood of imports in quarter 1 but 3% was a big beat. Then the federal reserve held the funds rate at 4.5%, this was expected but the surprise is that two of the fed governors were not in agreement and wanted to cut. The thinking behind the decision is that the economy is growing and they want to keep fighting inflation.

Now the Trump administration is wanting cuts, and big ones at that. First thing to note is that cutting the funds rate won’t bring down mortgage rates, a stronger dollar will. What Trump is concerned about is having to refinance trillions in debt from rates under 1% to 3-4%, which will cost billions extra in interest. So either more spending cuts will have to be made or more debt will be taken out. So to finance the debt they’ll have to take out more debt thereby making the dollar worth less, inflation stays high and so do rates.

Until then let’s buy the home, build some equity, and if rates drop we’ll be in a stronger financial position than before.

05/08/2025

Great information here!

05/08/2025

Just another example of the services we offer at J. Charles Lending.

Patrick had a veteran with no credit score, No Problem for Patrick. He added tradelines like cell phone and car insurance to get an approval. And because the coborrower had a high credit score our lender gave them a great rate. Patrick always goes above and beyond for our veterans.

05/01/2025

The broker advantage!

Last month Will Braden came across a family whose escrows were negligently shorted by the builder they bought from. They faced either an increased payment of over $1600 or sending in $10k with a $800 payment increase. Their credit union couldn't find a solution, but Will did. Because we're a broker we were able to use two lenders in our network to refinance their mortgage, cover the shortage, and waive escrows. The benefit of working with a broker with the creativity to get the job done!

04/24/2025

It’s true!

As Mortgage Brokers, we are consistently seeing 0.5%-1% lower rates than the retail competition. A 1% Lower Interest Rate Can Save You THOUSANDS! 💰🏡 Did you know that just a 1% difference in your mortgage rate could mean major savings over time? Let’s break it down: 📉 Lower Rate = Lower Monthly Payment – A 1% drop could shave hundreds off your payment each month! 💸 More Buying Power – A lower rate means you could afford a higher-priced home with the same budget. 🏦 Long-Term Savings – Over a 30-year loan, a 1% lower rate could save you tens of thousands in interest! 🔑 Timing Matters – Rates fluctuate, and locking in a lower one now could save you big in the long run. 👉 Thinking about buying? Drop a 💰 in the comments or DM me to see how much you could save!

04/20/2025

True!

02/02/2025

01/30/2025

Today’s mortgage news!

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