Managing Equity and Markets

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Mortgage and Lending - Watermark Capital - NMLS #311662
RECENT BLOG POSTS
  Lots of People don’t have a credit score or any banking history: Around 1.5 billion people worldwide don't have access to bank services. They're called 'unbanked'. Hard to Get Loans: Even for those who use banks, less than half can actually get loans due to no history or low scores. Banks need...
12/19/2023
Inflation numbers came in last week and they all flirted with being in line with expectations, although PPI came in on the lower side. This continues the trend of lower year-over-year inflation. For me to declare victory in the battle, I want to see 3 consecutive month-over-month declines. We hav...
12/18/2023
Labor market numbers came in last Friday and were stronger than expected. The economy added 199k jobs vs a 190k estimate. The unemployment rate came in at 3.7%, lower than the expected 3.9%. The markets entered a mini panic mode as the Fed has publicly stated multiple times that they would like t...
12/11/2023
The economy has seen a continuous 3-week increase in mortgage applications. This is coming in off the heels of a few weeks of decreased interest rates. The market has placed their bets: The Fed is done with rate hikes. Also, the market believes that there is now an 18% chance of a rate cut in Jan...
12/06/2023
The new maximum loan limits were announced by the Federal Housing Finance Agency for conforming loans. Loan limits will vary depending on the county, but for most of the United States, the 2024 maximum loan limit for one-unit properties will be $766,550, an increase from $726,200 (2023 limit). Co...
11/28/2023
Markets are betting that the Fed is done with rate hikes. Before we get ahead of ourselves, they made the same sort of bet earlier in the year when a few banks went under. However, I  believe that the markets may be right this time for a few reasons. 1. The economy does not have to be "cured" in ...
11/20/2023
We have an extremely busy week ahead of us. We hear from a lot of Fed members and receive two key inflation reports: the CPI and PPI.Right now, the markets are expecting a CPI reading of 0.1% (down from 0.4% from the previous month) with a core (excluding food and energy) reading of 0.3%, unchang...
11/13/2023
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased last week to 7.61% from 7.86% Applications to refinance a home loan increased 2% for the week and were 7% lower than the same week one year ago. Mortgage rates saw the b...
11/13/2023
Finally, we see some positive market reaction to the Fed's policy meeting. Rates have come down over half of a point following last Wednesday's announcement. A week ago rates were over 8% for a 30 yr Fixed and as of last Friday, they dropped to below 7.4%. Rates also saw some easing last Friday w...
11/06/2023
As we enter the last two months of the year, we are spending ourselves personally and politically into unsustainable debt.Moving forward. PCE reports (Personal consumption expenditures)came out and core PCE (the Fed's preferred inflation gauge) hit the lowest year-over-year level in over 2 years....
10/30/2023
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