JFC Funding LLC

JFC Funding LLC NMLS 1111851

JFC Funding, LLC provides unique lending solutions to help our clients meet their fina Our approach starts with you.

JFC Funding, LLC is a licensed New Jersey mortgage brokerage company that was founded by experienced business professionals to provide financing solutions for individual homeowners and real estate professionals. Our unique partnership has over 50 years of experience in finance, corporate/real estate law, accounting services and personal/corporate banking. This blend of unique expertise separates u

s from our competitors and allows our firm to provide more than just mortgage financing. JFC Funding, LLC and their licensed lending specialists carefully listen to our clients goals and aspirations. This allows our team to provide a unique lending solution to help our clients meet their financial goals. We are are able to do this through clear channels of communication, education and efficient processing.

12/20/2024

📢 PCE Inflation Update 📊

The latest PCE report is in, and here’s what you need to know:

🔸 Headline Inflation rose +0.1% in November (0.128% exactly), up 2.3%-2.4% YoY, slightly cooler than expected.
🔸 Core Inflation (excludes food & energy): +0.1% MoM, holding steady at 2.8% YoY 📉
🔸 Shelter Costs: Finally showing signs of cooling 📉 with a smaller monthly rise of 0.22%, though still overstated year-over-year at +4.78%.

💡 If shelter reflected real-time trends, core PCE would be closer to 2.3% YoY!

🏦 Fed News:
Cleveland Fed President Beth Hammock wants to pause on cutting rates to ensure inflation stays on track toward the 2% target. Meanwhile, NY Fed President John Williams sees the Fed’s stance as restrictive by 83bps, signaling they could cut up to 3–4 times next year if inflation improves or unemployment rises.

💵 Consumer Impact:
• Incomes rose +0.3%, but spending climbed +0.4%, leading to a drop in savings 💸
• Savings Rate fell to 4.4%, the lowest since 2008 (adjusted for COVID).

🛍️ With November typically a strong month for spending, this might hint at consumer weakness heading into the new year.

12/19/2024

Fed cut rates yesterday. Why did mortgage interest rates increase?

📈 Why Did Interest Rates Spike? 📈

Here’s what caused rates to surge after the Fed’s latest announcement:

1️⃣ Rate Cuts Scaled Back: The Fed now expects only 50bps of rate cuts in 2025, down from 100bps. Translation? Rates will stay higher for longer 🕒.

2️⃣ Stronger Economy: The Fed raised growth forecasts 📊 and lowered unemployment projections 📉, signaling they can keep rates high without stalling the economy.

3️⃣ Sticky Inflation Concerns: Despite real-time rent data 🏠 showing inflation cooling, official measures like CPI and PCE still reflect elevated inflation, keeping the Fed cautious.

4️⃣ Core PCE on the Rise: Tomorrow, Core PCE (the Fed’s fave inflation measure) is expected to tick up to 3% 📈—not bond-friendly at all.

5️⃣ Bond Market Selloff: Hawkish guidance triggered a selloff in bonds, sending yields skyrocketing 🚀 and driving up borrowing costs.

Bottom line: The Fed is committed to fighting inflation, and markets are pricing in the reality of a “higher for longer” rate environment. 💸

12/19/2024

🏡 Real Estate & Economic Update 🏦

📉 Mortgage Applications:
• Applications fell 0.7% last week after a 5-week increase.
• Average 30-year fixed rate hit 6.75% (+8 bps).
• Purchase applications up 1.4%, while refis dropped 2.6%.

🏗️ Housing Starts:
• November starts hit a 4-month low, down 1.8%.
• Single-family homes surged 6.4%, but multifamily starts plummeted 23%.
• Regional shifts: South (+18.3%), Midwest (-28.2%), West (-12%), Northeast (lowest since July 2021).

📜 Building Permits:
• Future construction permits rose 6.1%, but projects under construction hit a 3-year low.

📉 Fed Rate Cut:
• Fed delivered a 0.25% rate cut as expected.
• Updated dot plot hints at slower rate cuts in 2025–2027.
• 2025: Median rate 3.9% (was 3.4%).
• 2026: Median rate 3.4% (unchanged).
• 2027: Median rate 3.1% (was 2.9%).

👤 Powell Commentary:
• Rate cut was a “closer call.”
• Slower cuts likely amid economic uncertainty.
• Core PCE inflation for 2024 revised up to 2.8% (from 2.6%).

📅 What’s Next?
• Thursday: GDP, jobless claims, and home sales data.
• Friday: Final PCE inflation reading of 2024—crucial for Fed decisions.

Let’s hope for calmer markets as we head into the holidays! 🎄📊

12/18/2024

📊 Federal Reserve Update:

✅ The Fed has cut interest rates by 0.25%, bringing the benchmark federal-funds rate to a range between 4.25% and 4.5%, a two-year low. 

👤 Chair Powell’s Insights:
• Decision Context: Powell noted that today’s rate cut was a “closer call” due to persistent inflation but deemed it the “right call.” 
• Future Policy: Emphasized a data-driven approach, stating, “We’re not on any preset course.” 
• Economic Outlook: Described the U.S. economy as “performing very, very well” with a “pretty bright” outlook. 

🔮 Looking Ahead:
• Rate Projections: The Fed anticipates a slower pace of rate cuts in 2025, with projections showing two cuts next year, down from four previously expected. 
• Inflation Monitoring: The Fed remains vigilant on inflation, aiming to bring it down to the 2% target.

Stay tuned for the PCE inflation report on Friday, a key indicator for future Fed decisions. 📈

Inflation fight continues.Headline CPI showed inflation rose .3%, which was one tenth hotter than estimates. Core CPI (s...
01/11/2024

Inflation fight continues.

Headline CPI showed inflation rose .3%, which was one tenth hotter than estimates.

Core CPI (strips out good and energy prices) increased .3%, which is in line with expectations. Year over year, core dropped to 3.9%. First time this measure has been in the 3’s in a very long time. This is Feds favorite measure of inflation.

Energy and used car prices continue to be issues.

Rates down today . So are markets .

PPI inflation data released tomorrow.

12/14/2023

Mortgage rates will likely lose some of their sting, giving the home market a boost.

12/13/2023

Producer Price Index , which measures inflation at the wholesale level, was unchanged a month over month. This was below expectations.

Fed decision today at 2:30. Expect rate volatility.

12/12/2023

CPI (Consumer price index), which measures inflation at the consumer level, increased .1% month over month. This was slightly more than anticipated. Core CPI, which strips out food and energy prices, increased .3% for November. Core readings were above expectations as well.

Will rates fall? 2024 could bring big changes with respect to interest rates -mortgages, auto, cc’s, etc
12/04/2023

Will rates fall? 2024 could bring big changes with respect to interest rates -mortgages, auto, cc’s, etc

10/04/2023

Rocket Pro TPO, the wholesale arm of Rocket Mortgage, on Monday raised agency conforming loan limits to $750,000, ahead of the FHFA's decision expected in November.

06/16/2023

Fed funds rate currently 5% to 5.25%

9 members see more hikes coming

End of year projections moving

Fed funds - between 5.5% and 5.75%
Core PCE- 3.9% from current 3.6% (currently 4.7%)
GDP- 1% from .4%
Unemployment rate - 4.1% from 4.5

The federal reserve and Jerome Powell continue to move projections.

In order to get down to their 2% inflation goal,  which doesn’t really qualify anything (made up by Janet Yellen in 80’s), we are going to have to average .0.16 for a very long time - last few readings, .3%. We have only hit .16% once , in July 2022.

Not going to be easy to accomplish this. This is not realistic. Something will have to really deteriorate-jobs, etc

05/11/2023

FHFA announced rescission of debt to income ratio based fees.

On top of recent mortgage changes that were implemented as of 5/1 ( closing the gap between low credit, borrowers, and high credit borrowers) , this agency wanted to penalize people for having too much monthly debt relative to minthly income . This would’ve raised interest rates even further.

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36 Franklin Turnpike
Waldwick, NJ
07463

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