Had an unbelievable time in New Orleans at the AIME FUSE event a few weeks back!
This is the largest event for Mortgage Brokers each year and we were asked to headline the “Retail vs Wholesale” panel – talking about the trials and tribulations of going from the Retail side of the Mortgage Industry – to the Wholesale/Broker side.
I am passionate speaking about how we confidently save our clients’ money, because just like any industry, there are much better deals in the wholesale space.
We’re able to cut out so much markup, which keeps money in our consumer’s pockets.
We’re able to shop around to find the client’s exact solution to fit their needs.
We don’t work for the banks, we work for our clients – and that’s the way it should be
Latest Pulse on the Housing Market!
Mortgage Rates are down over 1.50% from their peaks last fall.
But ‘housing turnover’ is at a 30 year low, meaning current homeowners are not listing their homes for sale at a normal pace – because they’re locked-in to their 2-3% rates they got in 2019-2021.
75% of homeowners have below a 5% interest rate, so I believe 5% is the target for when many current homeowners will be open to listing their homes and the market will fully boom
Why Didn’t the Fed Rate Cuts help Mortgage Rates?
- I’ve been talking about the Fed cutting rates since July, so the Mortgage Market surely saw it coming and had already dropped rate in early August. The rate cut has been priced in for 2 months now.
- Fed Funds Rates are 1-day interest rates, where Mortgage Rates go on for years. Very different type of rates that look at different pieces of the economy.
- Mortgage Rates have actually went up a bit since the Fed cut rates. The market is technically at 2-month highs for Mortgage Rates, but still not too far from long-term lows
The Best Deal on a Home is Now!
This might be the best time to buy a home for the foreseeable future!
- Mortgage Rates are near 2 year lows
- This has opened up $74k in extra buying power for the average homebuyer!
- Inventory is up 33% compared to this time last year
- More affordable financing and more home options!
Took the stage at AIME FUSE!
Had an amazing time at the RE:Vitalize Real Estate event in Miami last month!
I was able to speak to hundreds of wonderful Real Estate professionals about the benefits of having a Lender that has every option in the book to get clients approved for their best financing.
Thao and I had a wonderful time and got to meet some amazing people in the
industry!
Inventory
Chiefs games with Amazing Friends!
Our awesome friends at Equity Prime Mortgage (EPM) have poured into us and opened up so many new ways we can help our clients get their best financing. EPM also had Thao and I down to watch the Chiefs beat the Falcons a couple weeks back – their suite has to be the best way to watch a sporting event!
We also had a great time sponsoring the Chiefs – Chargers game with the “Real Estate & Moore” team with Keller Williams – KC Metro!
Roginia Moore and her team are such a huge part of our business – we wouldn’t know what to do without them!
First-Time Homebuyer Seminar
Was fortunate to be part of a wonderful First-Time Homebuyer seminar with Desmond Williams of ‘1st Class Real Estate’.
I love seeing how much he pours into his clients – be on the lookout for upcoming seminars!
Holding off on Buying Your New Home?
Rates are down, inventory is up, and homes just keep gaining value!
Your Wants & Needs should Matter
A couple stories for families we’ve been fortunate to help lately
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Today's Mortgage Rates