Saturday Morning Joe – The Only Weekly Mortgage Market Update You Need! 7-15-23

Welcome Back! What a wild couple of weeks for mortgage rates! WOW. You don't want to miss this week's deeper dive.
Grab some coffee and get caught up in just a few minutes with what's going on in the current mortgage market, including rates, talking points, affordability hacks for buyers, and ways we can work together to best help today's homebuyers through education rather than emotion.
These past few weeks have been busy news weeks - Feds raised the Fed Funds Rate by 25 bps, rates have overall gotten a little worse in the last 30 days as you'll see on today's video mostly due to the back and forth on the passing of the Federal debt ceiling! FHA remains the affordability front runner for 90% of the Clients we talk to right now and you'll see why if you watch this week's analysis. Check out the deeper dive to see what the mbs markets actually did this week. Lots of economic news this week! See how it affected the mortgage rate markets here.
As always, we are here for you - when you are working, we are working.
The analysis above was priced with current rates based on a 740 credit score, primary residence home purchase for FHA, VA, and Conventional loan structures.
The links on the right (or down below on mobile) will take you to:
* A Deeper Dive screen recording illustrating what rate market did this week and why. Along with Talking Points for the week.
* National Average Rates so you are confident your clients will always be getting below market rates using Joe Wiggins, your Preferred Mortgage
Broker!
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