What are the opening hours?

Monday 8am - 8pm Tuesday 8am - 8pm Wednesday 8am - 8pm Thursday 8am - 8pm Friday 8am - 8pm Saturday 10am - 6pm Sunday 10am - 6pm

http://www.stevenmyersmortgage.com/

Motto Mortgage Charged: Mortgage Broker, 910 1/2 E Douglas Avenue, Wichita, KS (2026)

11/28/2024

🍁 𝐇𝐚𝐩𝐩𝐲 𝐓𝐡𝐚𝐧𝐤𝐬𝐠𝐢𝐯𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐌𝐨𝐭𝐭𝐨 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞: 𝐂𝐡𝐚𝐫𝐠𝐞𝐝! 🦃

Today, we’re grateful for our amazing clients, partners, and community. May your day be filled with joy, laughter, and plenty of delicious food! 🏡❤️ Here’s to celebrating what truly matters—family, friends, and home.

Thank you for letting us be a part of your journey. Wishing you a warm and wonderful Thanksgiving! 🍂✨

02/02/2024

🗓️ 𝗛𝗮𝗽𝗽𝘆 𝗚𝗿𝗼𝘂𝗻𝗱𝗵𝗼𝗴 𝗗𝗮𝘆! ❄️

❓❓❓ What does Punxsatawney Phil predict about mortgage rates? 😲

Groundhog Day, held on February 2nd, is when we ask, "Are we in for six more weeks of winter?"
Only a groundhog named Punxsutawney Phil knows for sure... (𝘀𝗲𝗲 𝘄𝗵𝗮𝘁 𝗣𝗵𝗶𝗹 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝗳𝗼𝗿 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿 𝗮𝘁 𝘁𝗵𝗲 𝗲𝗻𝗱 𝗼𝗳 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁!)

Each year on Groundhog Day, people flock to Gobbler’s K**b in Punxsutawney, Pennsylvania, to await the forecast of the local rodent celebrity.

Originating with German settlers, who came to Pennsylvania in the 1700s and brought their seasonal superstitions with them, legend has it that if Phil sees his shadow on February 2nd, the winter chill will continue. Oddly, if the weather is cloudy and he doesn’t see his shadow, we can expect warmer temperatures and early spring.

What does Punxsutawney Phil have to say about weather and mortgage rates? 🤔

👉 𝗦𝗼 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿, 𝗣𝘂𝗻𝘅𝘀𝘂𝘁𝗮𝘄𝗻𝗲𝘆 𝗣𝗵𝗶𝗹 𝘀𝗮𝘆𝘀: BRING ON SPRING!!! 👍🌸🏡...
..and BRING ON THOSE LOWER MORTGAGE RATES!! 🎉

𝗦𝗼 𝗶𝗳 𝘆𝗼𝘂 𝘄𝗼𝘂𝗹𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝘁𝗮𝗹𝗸 𝗮𝗯𝗼𝘂𝘁 𝗵𝗼𝘄 𝗜 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝘁𝗼 𝗲𝗶𝘁𝗵𝗲𝗿 𝗯𝘂𝘆 𝗮 𝗻𝗲𝘄 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗲, 𝗴𝗶𝘃𝗲 𝗺𝗲 𝗮 𝗰𝗮𝗹𝗹, 𝘁𝗲𝘅𝘁, 𝗲𝗺𝗮𝗶𝗹, 𝗼𝗿 𝗗𝗠.

Or, just reach out and we can celebrate the early arrival of spring! 😜

01/29/2024

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟵, 𝟮𝟬𝟮𝟰

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates moved just slightly higher last week, but not by much. Inflation cooled to an almost three-year low, and that is a good sign for future mortgage rates to come back down.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
The week will start off quiet and mortgage rates are unlikely to change much until Wednesday, but then the fireworks start when the Fed releases its policy statement and Chair Powell holds his press conference. We also could see more rate movement on Friday when jobs data comes out.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- The Fed: The Fed is expected to leave its policy rate unchanged at this meeting but markets will be looking for signs about when cuts will begin, especially Wednesday afternoon during Powell's press conference. If traders think Powell is leaving the door open for rate cuts sooner, we could see mortgage rates improve. However, if Powell ruins any hope of cuts starting at the March meeting, mortgage rates may move higher.
- Jobs data: Although there are a few different labor reports during the week, Friday's jobs data will have the most effect on mortgage rates. Labor market weakness will help rates, strength will hurt them.

01/26/2024

𝗗𝗼𝗻'𝘁 𝗹𝗲𝘁 𝗷𝘂𝘀𝘁 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 '𝗽𝗿𝗲𝗾𝘂𝗮𝗹𝗶𝗳𝗶𝗲𝗱' 𝗰𝗼𝘀𝘁 𝘆𝗼𝘂 𝘆𝗼𝘂𝗿 𝗰𝗵𝗮𝗻𝗰𝗲 𝗮𝘁 𝗮 𝗵𝗼𝗺𝗲!

𝗜𝗻𝘀𝘁𝗲𝗮𝗱, 𝘆𝗼𝘂 𝗺𝗮𝘆 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗴𝗲𝘁 𝗽𝗿𝗲𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱.

What is the difference? 🤔

👉 Getting prequalified is the process of providing a mortgage lender with some background information like your credit, income, and expenses so the lender can help you determine how much you can afford and what you are likely to qualify for.

👉 A preapproval, however, means you've provided the lender with proof of your income and assets and had a credit check to determine exactly how much you can be approved for. In some cases, a preapproval can show you are approved for a loan before making an offer, which makes your offer stronger and could help you win a bidding war.

𝗪𝗵𝗶𝗰𝗵 𝗼𝗻𝗲 𝗶𝘀 𝗿𝗶𝗴𝗵𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂? 𝗚𝗶𝘃𝗲 𝗺𝗲 𝗮 𝗰𝗮𝗹𝗹 𝗼𝗿 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝗺𝗲 𝗱𝗶𝗿𝗲𝗰𝘁, 𝗮𝗻𝗱 𝗜'𝗹𝗹 𝗯𝗲 𝗵𝗮𝗽𝗽𝘆 𝘁𝗼 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗱𝗲𝗰𝗶𝗱𝗲. 👍

I can provide either one, depending on your unique situation and where you are in the house hunting process. The best part? The conversation is absolutely free, and there's no obligation. 🏡 😁

01/22/2024

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟮, 𝟮𝟬𝟮𝟰

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates are heavily influenced right now by speculation of when and how much the Fed will cut its policy rate this year. Last week mortgage rates moved higher as markets started to give up on the idea that the Fed will have to start cutting its rate in March to head off a recession.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗰𝗿𝗲𝗲𝗽 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Although starting the week off a little bit better than Friday, mortgage rates could move higher this week if we continue to see markets give up on a March Fed rate cut. The likely best case scenario is that rates hold steady, because it is unlikely they will improve much from here this week.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Thursday brings the preliminary 4th qtr GDP, along with unemployment claims. Friday we get the PCE inflation data, the Fed's favored inflation gauge, which could influence rates to end the week.
- Fed rate cuts: Markets have been pricing in a Fed rate cut in March the last few weeks, which helped mortgage rates fall from October highs. However, markets are finally listening to Fed members who say a March cut is unlikely, causing rates to creep up, but there is room for rates to move higher yet.

01/15/2024

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟰

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗹𝗼𝘄𝗲𝗿 👍
Mortgage rates improved a little bit last week, even though the consumer inflation numbers came in slightly higher than expected. Wholesale inflation was down, but doesn't have as much influence on mortgage rates.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 👍
Mortgage rates could see some more improvement this week if markets continue to bet on Fed rate cuts to start at the March meeting. Despite labor market and economic data that points to the Fed keeping policy rates at current levels, markets believe the Fed will have to start cutting much sooner than it expects if it wants to avoid a recession. Rates are unlikely to move higher unless that belief falters.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A holiday shortened week brings Wednesday's retail sales data and the Fed's Beige Book on the economy. Not much other data to worry about this week.
- The Fed: Mortgage rates continue to reflect the belief that the Fed will need to cut rates six times in 2024, although Fed officials have been saying it will be less. If markets start to waiver in the belief that the Fed will cut rates dramatically this year to avoid a recession, we could see mortgage rates creep higher.

01/08/2024

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟴, 𝟮𝟬𝟮𝟰

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates lost a little bit of ground last week as markets started to doubt the Fed will cut its policy rate at the March Fed meeting. Friday's jobs data also pressured rates a bit higher, showing the labor market remains resilient and making it less urgent for the Fed to cut rates to stimulate the economy.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗶𝗹𝗹 𝗺𝗼𝘃𝗲 𝘄𝗶𝘁𝗵 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗱𝗮𝘁𝗮 ⚠️
Mortgage rates are not likely to move much higher or lower from where they start the week if inflation data comes in as expected. However, a report that shows inflation is dropping faster or slower than expected could cause rates to move up or down a bit depending on the news.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Consumer and wholesale inflation reports come out near the end of the week, and will help set the direction of mortgage rates for the next couple of weeks.
- The Fed: Mortgage rates continue to reflect the belief that the Fed will need to cut rates six times in 2024, although Fed officials have been saying it will be less. If markets start to waiver in the belief that the Fed will cut rates dramatically this year to avoid a recession, we could see mortgage rates creep higher.

01/02/2024

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭, 𝟮𝟬𝟮𝟰

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
Mortgage rates were basically unchanged last week as 2023 came to an end.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗶𝘁𝗵 𝗵𝗲𝗹𝗽 👍
Mortgage rates will need help from labor market data to improve this week. Signs of a softening labor market in this week's data would support expectations of future Fed rate cuts, which would help mortgage rates to improve at least a little bit. However, if we instead see signs of labor market strength from the data this week it could cause rates to creep slightly higher, especially on Friday.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: This week brings multiple reports about the labor market, starting on Wednesday with the Job Opening and Labor Turnover Survey. Thursday brings the ADP payroll report and unemployment claims, with Friday's new job creation and unemployment numbers being most likely to affect mortgage rates.
- The Fed: Mortgage rates continue to reflect the belief that the Fed will need to cut rates six times in 2024, although Fed officials have been saying it will be less. If markets start to waiver in the belief that the Fed will cut rates dramatically this year to avoid a recession, we could see mortgage rates creep higher.

12/26/2023

𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟲, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
Mortgage rates were basically unchanged last week, as mortgage rates continued to reflect markets' belief that not only is the Fed done hiking rates, but will start cutting rates in March. Friday's PCE inflation report came in even lower than expected, supporting the idea that the Fed will be able to reduce rates as inflation cools.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗯𝗲 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
Traders generally take off the last couple of weeks of the year around the holidays, and mortgage rates tend to hold steady during that time. There is little risk of seeing rates move higher from here this week, although it is also unlikely we see any kind of significant improvement.

𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: There is no important economic data this week, and nothing that should pressure rates to move from here. Markets were closed on Monday for Christmas, and will be closed early Friday and closed on day on Monday for New Years.
- The Fed: Mortgage rates will hold these lower levels for as long as markets believe rate cuts will start as soon as March. If that belief reverses we could see rates creep higher, but that is not going to happen this week.

12/18/2023

𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟭𝟴, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Mortgage rates fell to the lowest levels in months last week, because the Fed signaled it is likely done raising rates and will probably cut rates in 2024. Although the Fed doesn't set mortgage rates, Fed rate cuts will contribute to lower rates across the board, including mortgage rates.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝗰𝗿𝗲𝗲𝗽 𝗵𝗶𝗴𝗵𝗲𝗿 👎
When rates move significantly lower like we saw last week, we often see some give back in the following days. Also, the current lower mortgage rates reflect a belief that the Fed will cut rates six times next year, starting as soon as March. Fed officials are trying to convince markets that cuts are not likely to begin that soon and that the Fed is forecasting it will only cut rates three times next year.

𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Mortgage rates may be influenced this week by the final 3rd qtr GDP reading on Thursday, as well as the PCE inflation data on Friday. Stronger economic data may pressure rates slightly higher.
- Holidays: Traders tend to take the end of year off, resulting in less trading volume that contributes to market volatility that can cause day-to-day and intraday swings in mortgage rates. Markets will be closed for Christmas.

Motto Mortgage Charged: Mortgage Broker

11/28/2024

02/02/2024

01/29/2024

01/26/2024

01/22/2024

01/15/2024

01/08/2024

01/02/2024

12/26/2023

12/18/2023

Address

Opening Hours

Telephone

Website

Alerts

Contact The Business

Shortcuts

Share

Category

Monday	8am - 8pm
Tuesday	8am - 8pm
Wednesday	8am - 8pm
Thursday	8am - 8pm
Friday	8am - 8pm
Saturday	10am - 6pm
Sunday	10am - 6pm