Saturday Morning Joe – The Only Weekly Mortgage Market Update You Need! 12-16-23
Saturday Morning Joe – The Only Weekly Mortgage Market Update You Need! 12-16-23
Welcome Back! Mortgage rates end about ANOTHER half a percent LOWER this week than two weeks ago! I go into it on the deeper dive. Check out the analysis here on this page to see what the rates actually look like today. JUST A REMINDER, FHA has increased their loan limits in OC, San Diego, LA Counties so now it's possible to get a $1.19M home in those areas with 3.5% Down - WOW!
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.
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.
Things that could move the mortgage rate market this coming week:
Monday: NAHB Housing Market Index
Tues: Housing Starts and Permits
Wed: Mortgage Apps, Existing Home Sales, 20-year bond auction
Thurs: GDP Q3 Final Reading, Initial Jobless Claims
Friday: Personal Consumption Expenditures (PCE), New Home Sales
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!
Let's win together! If you'd like to collaborate on an IG Reel, Post, or Story just LMK - we do a quick recorded Q and A and cut up the content for you or we can go live!