James Walls-Mortgage Broker

Mortgage Rates Down to Lowest Levels of The Year. It's official! At this point, you'd need to go all the way back to the end of December 2023 to see a lower average rate for a top tier, conventional 30yr fixed mortgage. Today's rates are already fairly close to those late-December levels. Any further improvement would result in the... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-08012024

www.bntouchmortgage.net

Our 4th Annual Miss Twist Ice Cream 🍦 event and school supplies drive is back, but this year at the new storefront located at 1433 E. Fort Ave! 👏 We’ll have yard games, raffles and more. All friends, family & neighbors are welcome! No RSVP required. Swing by anytime between 3-5pm on Saturday, August 10th! We will see you there! 😃⁠
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If you’d like to donate school supplies for students and teachers again, message me for the Amazon Wishlist! Bring your donations to the event or have them shipped directly to me. Anything and everything is greatly appreciated! Thank you! 🙏🏼

Mortgage Rates Sneak to 2 Week Lows With Important Data on Deck. The bond market--which dictates interest rates--had a generally favorable response to yesterday's update from the Federal Reserve. While the Fed didn't cut rates, and while they're increasingly acknowledging that rate cuts are moving farther into the future, they still think data will evolve in a way that results in the... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-05022024

www.bntouchmortgage.net

National Mortgage Rates Jump Up And Over 7.5% (our wholesale pricing is still .25-.375% lower) After Inflation Surprise.

Interest rates care about quite a few different things, but inflation and Fed policy are two of the biggest considerations. One of the Fed's favorite ways to track progress on inflation is the PCE price index which comes out every month, but also every quarter. Oddly enough, the quarterly... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-04252024

www.bntouchmortgage.net

Yields Near 2 Week Lows With Some Help From Data. While the future can't ever be known, this week's base case was for lower volatility, and a general sideways drift heading into the long weekend and bigger-ticket data next week. Today fits perfectly into that narrative, and in a bond-friendly way to boot. Yields began near yesterday's highs, but rallied... More here - https://www.mortgagenewsdaily.com/markets/mbs-morning-03282024

www.bntouchmortgage.net

Check out this new listing!

Highest Mortgage Rates in More Than a Month, But There Are Silver Linings. So far, 2024 has been distinctly different from the end of 2023. November and December saw rates move lower at one of the fastest paces in decades. In contrast, January has delivered a fairly consistent uptrend with the average lender now at the highest levels in more than a month.... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-01192024

Rates, Construction Stats Showing Hopeful Signs for New Year. Mortgage activity took the usual hit over the last two weeks as the country celebrated a variety of religious and secular holidays. The Mortgage Brokers Association (MBA) was closed during Christmas Week, so this mornings report encapsulates the December 18 to December 29 period. MBA said its... More here - https://www.mortgagenewsdaily.com/news/01032024-mortgage-application-volume

Here's your weekly mortgage report for the last week in 2023!

The Fed holds rates steady, expects 3 rate cuts in 2024. Great news for the real estate industry!

The Fed holds rates steady, expects 3 rate cuts in 2024 The Fed's decision marks the fourth pause in 2023 after hiking rates 11 times since March 2022. Better days appear to be ahead.

Another Day, Another 4-Month Low. Mortgage rates are hitting lower milestones like it's their nine to five recently and today was just another day at the office. The average lender was only modestly lower versus yesterday, but since yesterday was effectively a 4 month low, today therefore deserves the same recognition. In fact, today's... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-12062023

FHFHA just released their new conforming loan limits to $766,550 for 2024. Our lenders are taking application asap for these loan sizes. Please don't hesitate to reach out!

FHFA conforming loan limits increase to $766,550 in 2024 The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550.

Huge Drop in Mortgage Rates After Friendly Inflation Data.

November 3rd's jobs report brought an outstanding week for Treasuries and mortgage rates to an outstanding conclusion. From there, the following week (last week) was sorely lacking in inspiration. Markets were anxiously awaiting today's release of the Consumer Price Index (CPI) and it did not disappoint. If we had... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-11142023

Mortgage Rates Surge Lower After Fed Announcement, But Not Necessarily Because of It. Today was "Fed day" and mortgage rates fell quite a bit. So it must have been due to the Fed announcement, right? Not exactly... The Fed helped, but more so by getting out of the way for a bond market that was already rallying. Let's talk about what... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-11012023

Quick update on home prices and homebuyer demand!

Video: If homebuyer demand is so weak, why aren’t home prices falling? For home prices to adjust, we need an imbalance of supply versus demand, and this market is surprisingly balanced. Watch the full video.

Rates Reacting to War and The Fed, But Maybe Not For Long. After hitting the highest levels in decades last week, mortgage rates dropped sharply at the beginning of this week. At first glance, this was a classic flight to safety following the outbreak of the Israel-Hamas Conflict, but at the same time, markets were possibly just as interested in a change... More here - https://www.mortgagenewsdaily.com/markets/mortgage-rates-10132023

Leveling Off Into The Weekend (We Hope). The trading day began on a fairly positive note with a strong hand-off from Europe and reasonably friendly inflation data at 8:30am. After a few moments of indecision, bonds rallied modestly on the data, but have been giving back the gains as we head into the PM hours. The rest... More here - https://www.mortgagenewsdaily.com/markets/mbs-morning-09292023