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Mortgage and Lending - Watermark Capital - NMLS #311662
RECENT BLOG POSTS
We made it through the first month of 2023! Last week gave us some contradicting data. The US manufacturing services and goods PMI (Purchasing Managers' Index) came in higher than expected (which is good!) but still lower than 50, which shows a contracting economy. Both were higher than last mon...
01/30/2023
 It’s time for another Weekly Rate Watch. My goal is to help navigate you through the world of finance and how it relates primarily to the real estate industry. Should you ever have any questions at all, please do not hesitate in reaching out. PPI numbers came in this past week showing an easing...
01/23/2023
We finished the week in a bullish matter as markets embraced the CPI data. Inflation was reported in line with market expectations at 6.5% (down from 7.1% from the previous month). What is more significant is that this was the first time since April 2020 that we saw a month-over-month (MoM) decl...
01/16/2023
We received unemployment and labor data last Friday and markets rejoiced on the news. Although unemployment ticked lower, there were signs of a weakening labor market that investors focused on.Nonfarm payrolls increased by 223,000. Even though this was above expectations, it was lower than the 2...
01/09/2023
It’s time for another Weekly Rate Watch. My goal is to help navigate you through the world of finance and how it relates primarily to the real estate industry. Should you ever have any questions at all, please do not hesitate in reaching out. I’m always here to help. Let’s begin!  We were able t...
01/03/2023
Last week we saw a slight uptick in rates as investors digested economic data. There was conflicting housing data. Existing home sales dropped while new home sales (aka new builds/new construction) surprised to the upside. The kicker this week was the move the Bank of Japan (BOJ) made. The BOJ r...
12/27/2022
Last week was a very important one. Not only did CPI (inflation) come in 0.2% below expectations (7.1% vs 7.3% expected), but we got to hear from Jerome Powell about how the 2023 stage will be set.Powell was very strong in his stance on battling inflation. He came out strong with his speech, and...
12/19/2022
I wanted to update this week's Rate Watch because we got some good news yesterday. We got inflation numbers and they came in at 7.1% which was under the projection of 7.3%. Probably not enough to have the FED increase .25 tomorrow, but certainly should guarantee a .50 increase and not .75 points...
12/13/2022
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We have a huge week ahead of us. All eyes will be on the CPI report Tuesday followed by the Fed’s announcement for monetary policy on Wednesday. The Fed has made hints at a slower rate hike for December – one can only assume that means a 50bp hike.After the Fed announces its policy change, they ...
12/12/2022
The two main events that took place this last week were comments from Fed Chairman Jerome Powell along with the jobs report.Powell mentioned how we may see lower rate hikes starting in December. That dovish tone set off a market rally on Wednesday that wanted to continue through the week.Markets ...
12/05/2022
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