Mark Lusk Pure Funding LLC

02/07/2025

10/02/2024

Interest rates continued their slow decline last week while application volume is inching up almost as slowly. The Mortgage Bankers Association (MBA) reports a 1.6 percent increase in its seasonally...

09/18/2024

The Federal Reserve's decision to cut interest rates by 50 basis points on September 18, 2024, has significant implications for the US economy. Here are some of the key impacts:

1. Stimulating Economic Growth:

Lower Borrowing Costs: Lower interest rates make borrowing cheaper for businesses and consumers, encouraging investment and spending.
Increased Consumer Spending: Lower interest rates on credit cards and loans can lead to increased consumer spending, boosting economic activity.
Stimulating Housing Market: Lower mortgage rates can make homeownership more affordable, driving demand and supporting the housing market.

2. Impact on Financial Markets:

Stock Market: A rate cut is generally seen as positive for the stock market as it can increase corporate profits and investor confidence.
Bond Market: Bond prices typically rise when interest rates fall, leading to gains for bondholders.
Currency Market: A rate cut can weaken the US dollar relative to other currencies, potentially boosting exports and making imports more expensive.
3. Potential Risks:

Inflationary Pressure: A rate cut could potentially lead to increased inflation if it stimulates economic activity too much.
Asset Bubbles: Lower interest rates can increase the risk of asset bubbles forming, such as in the housing market or stock market.

Overall, the impact of the 50 basis point rate cut will depend on various factors, including the state of the economy, consumer and business confidence, and global economic conditions. It is important to monitor the economic indicators and the Fed's future policy decisions to assess the long-term effects of this rate cut.

08/27/2024

Love helping military families get into homes! Thank you to the Jimenez family for choosing to work with me! Congrats on the new home!

08/26/2024

07/30/2024

Congrats to my great client on her closing today! It is always a great day when you can close this quickly!

07/16/2024

Looking for a flexible way to access funds for home improvement, debt consolidation, other financial needs? A HELOC with Pure Funding is the perfect solution. With competitive and fixed rates and easy access to funds. Contact us today to learn more!

06/21/2024

Here is the flier for the Veterans non-profit event we are going to hold at Shep's of Sep 21st 11:30am - 1:30pm

The event will allow people in the community to come and hear the different ways that local organizations help our veterans. There will be door prizes and live music. Come out and support our local veterans!

Plus it will be at Shep's so you know you can have a good lunch!

Please share with your friends.

06/21/2024

Don't miss out on this years Parker County Peach Festival!

06/19/2024

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06/18/2024

It's nearly impossible to avoid hearing the phrase "data dependent" when following financial markets these days and this morning's movement is the latest reminder.  A mere miss of 0.1 vs 0.2...

06/14/2024