Papa Joe: The Mortgage Pro

10/14/2025

“You go ‘boom, boom,’ and now you're in Qatar,” the president said while making a huge geographical flub.

02/20/2025

🏡 Open House This Sunday! Stunning Craftsman Cape Cod in Toms River 🏡

📅 Sunday, February 23
⏰ 12 PM - 3 PM
📍 Toms River Village

Step inside this charming 3-bedroom, 2-bath Craftsman-style Cape Cod and fall in love! With 1,904 sq. ft. of beautifully designed space, this home has everything you need:

✨ Two Living Rooms – Perfect for spreading out!
✨ Brand-New Kitchen – Less than a year old and absolutely stunning!
✨ Home Office & Bonus Room – Flex space for work, play, or guests!
✨ Energy Savings! – Owned solar panels keep your bills low!

🏡 Outdoor Paradise:
✔ 625 sq. ft. patio – Host summer BBQs!
✔ 18' above-ground pool – Beat the heat!
✔ Huge yard (62.5 x 200’ lot!) – Endless possibilities!
✔ Detached 18x18 garage/storage – Extra space for all your needs!

With updates like newer siding, roof, and AC condenser, this home is move-in ready and waiting for you.

💙 Don’t miss out—homes in this sought-after area don’t last long!

🔑 Join us this Sunday, Feb 23, from 12-3 PM and see why this could be your dream home.

📲 Have questions? Call Nancy Phander, Coldwell Banker Flanagan Realty

🚀 Tag a friend who’s house hunting!

02/24/2024

thomas c in toms river NJ Says, He was there for us every step of the way. Even though it was the holidays we were his priority. Couldn't have asked for more! https://eendorsements.com/user/joe-heisler?endorsement=65d64cfd0e81c2255649e343

02/17/2024

Domenica K in Ocean Gate(NJ) NJ Says, Thanks Joe for being a partner in this transaction for our clients. As a realtor I appreciate when the lender communicates with me and helps make a smooth transaction. It takes several moving pieces to make it all happen. Thank you! https://eendorsements.com/user/joe-heisler?endorsement=65ceaad47c6216019854ac82

03/04/2023

01/18/2023

Rates are officially at 4-month lows after they rallied post CPI data. The CPI report came in exactly as expected, but those expectations were for the slowest inflation rate in more than a year (-.1% m/m and 6.5% y/y). The Fed has repeatedly warned investors that is not finished tightening and that once they reach terminal, they plan to hold rates at that level throughout 2023. But the market appears to be ignoring them as money markets are pricing a peak feds funds rate around 4.9% as well as 50bps in cuts this year (Fed has signaled terminal will be 5.1%). After the most recent Jobs Report and CPI data market expectations are for a downshift hike to 25bps for the Feb 1st Fed meeting.

This week is light on economic data, but we do have the NAHB home builders index on Wednesday and Housing Starts/Building Permits on Thursday. In addition, Fed Vice Char Lael Brainard will be speaking Thursday and Fed Government Christopher Waller will be speaking Friday.

The graph below shows interest rates for 30-year fixed Conv (best case scenario which is 740+ FICO). These are from 3 sources (Freddie mac, MBA, Mortgage News Daily) and do not include any upfront points.

01/17/2023

There have been lots of changes in the Real Estate market, including rapid increases to interest rates and home prices.

If you’re considering making home improvements, paying college tuition, debt consolidation or any other purpose, our Home Equity Line Of Credit may be the perfect option to utilize the equity you’ve built up in your home.

Whether you’d like to explore your options, or just want to chat, I would love to hear from you.

01/12/2023

Here's a little something special from our local ecosystem and the folks who help to protect it.

01/10/2023

Good evening, I wanted to share what a pleasant surprise the past few days have been. It all started on Friday when the nonfarm payrolls (NFP) aka Jobs report came out much stronger than expected. This should have made rates worse BUT the wage component of the nonfarm payrolls (NFP) came in weaker than expected and there was also a downward revision to the previous months number. The market honed in on the wage piece of this report because it is being associated with cooling inflation and there was a small rally. The bigger rally started Friday at 10 AM ET when the Institute for Supply Management (ISM) index fell to 49.6 vs. the estimates of a 55 (when the index dips below 50 it is a good indicator of a pending recession). This was the lowest reading since May of 2020.

MBS prices are slightly better than Friday’s (translates to lower rates) and the big-ticket item this week will be the Consumer Price Index (CPI) that will be released at 8:30 AM ET on Thursday. We also have Fed speakers this week, including Fed Chair Jerome Powell speaking in Sweden.