Brian the Home Loan Guy and REALTY

*******Mortgage Rate Disclaimer: The figures shown above are based on a 15 Day Lock Period, Full Documentation, Single Family Home, Primary Residence, Purchase transaction. The APR (Annual Percentage Rate) for Conventional, VA, FHA, Bank Statement and CPA & 1099 loan options are based on a $500,000 Loan Amount. The APR (Annual Percentage Rate) for Jumbo & Non-QM Assets Only loan options are based on a $1,500,000 Loan Amount. Conventional loan options are based on a minimum down payment of 5% with a credit score of 760. VA loan option is based on a minimum down payment of 0% with a credit score of 680 and includes a VA Funding Fee of 2.30% that is financed into the loan. FHA loan option is based on a minimum down payment of 3.50% with a credit score of 680 and includes a FHA Funding Fee of 1.75% that is financed into the loan. JUMBO loan option is based on a minimum down payment of 25% with a credit score of 760. Non-QM Asset Only loan option is based on a minimum down payment of 25% with a credit score of 760. Non-QM CPA & 1099 Only loan option is based on a minimum down payment of 20% with a credit score of 760. Bank Statement loan option is based on a minimum down payment of 20% with a credit score of 760. CalHFA Conventional Down Payment Assistance loan option is based on a minimum down payment of 0% with a credit score of 680. Mortgage Rates are subject to change based on market conditions at the time the Mortgage Rate is locked in, other factors may apply. All borrowers are subject to credit qualifications. Not all borrowers will qualify as certain restrictions apply on all programs. The information contained in this email is not a guarantee to lend or extend credit. Terms and conditions are subject to change without notice.

It’s jobs week and you know what that means! If we see weaker than expected job growth, mortgage rates will move lower. If we see higher than expected job gains, mortgage rates move higher. Expect volatility in the markets this week.

• Tuesday is the JOLTS Report

• Wednesday is ADP’s Employment Report

• Thursday is Initial Jobless Claims

• Friday is BLS Jobs Report

Mortgage Rates below are with 0 Points!

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Over the weekend, Moody's Rating downgraded the United States credit rating to an “A1” status. The reason for the downgrade is the rising debt of United States, currently at $37 Trillion Dollars. Additionally, the Federal Deficit as a percentage of GDP has risen to 6.4% which is the highest of any Country. This is not good news for the Stock & Bond markets and mortgage rates have started the week of higher as a result.

Mortgage Rates below are with 0 Points!

Mortgage Rate Disclaimer: The figures shown above are based on a 15 Day Lock Period, Full Documentation, Single Family Home, Primary Residence, Purchase transaction that is locked on 5-19-25. The APR (Annual Percentage Rate) for Conventional, VA, FHA and Bank Statement loan options are based on a $500,000 Loan Amount. The APR (Annual Percentage Rate) for Jumbo & Non-QM Assets Only loan options are based on a $1,500,000 Loan Amount. Conventional loan options are based on a minimum down payment of 5% with a credit score of 760. VA loan option is based on a minimum down payment of 0% with a credit score of 680 and includes a VA Funding Fee of 2.30% that is financed into the loan. FHA loan option is based on a minimum down payment of 3.50% with a credit score of 680 and includes a FHA Funding Fee of 1.75% that is financed into the loan. JUMBO loan option is based on a minimum down payment of 25% with a credit score of 760. Non-QM Asset Only loan option is based on a minimum down payment of 25% with a credit score of 760. Bank Statement loan option is based on a minimum down payment of 20% with a credit score of 760. CalHFA Conventional Down Payment Assistance loan option is based on a minimum down payment of 0% with a credit score of 680. Mortgage Rates are subject to change based on market conditions at the time the Mortgage Rate is locked in, other factors may apply. All borrowers are subject to credit qualifications. Not all borrowers will qualify as certain restrictions apply on all programs. The information contained in this email is not a guarantee to lend or extend credit. Terms and conditions are subject to change without notice.

About Mortgage Rates this week…

It's FED week, but don’t expect a rate cut! The markets see no chance of the FED cutting rates this Wednesday and have pushed a “possible” rate cut to the June FED meeting. So what is it going to take for the FED to cut rates…a higher unemployment rate! Fridays BLS jobs report showed higher than expected job gains with no change in the unemployment rate. Investors joked on Friday that the BLS should take the “L” out of its name because Fridays jobs report was just that, BS. The markets are growing very tired of the constant inaccurate reporting by the BLS. In the months that follow the initial BLS report, the jobs figures are always revised downward, most of the time by half, but these negative revisions do not get news or headlines that the initial report does. Traders and Investors know the labor market IS NOT as sound or robust as the Government makes it out to be, but they can only go off what is currently being reported. Mortgage Rates below are with 0 Points!

About Mortgage Rates this week…

It's FED week, but don’t expect a rate cut! The markets see no chance of the FED cutting rates this Wednesday and have pushed a “possible” rate cut to the June FED meeting. So what is it going to take for the FED to cut rates…a higher unemployment rate! Fridays BLS jobs report showed higher than expected job gains with no change in the unemployment rate. Investors joked on Friday that the BLS should take the “L” out of its name because Fridays jobs report was just that, BS. The markets are growing very tired of the constant inaccurate reporting by the BLS. In the months that follow the initial BLS report, the jobs figures are always revised downward, most of the time by half, but these negative revisions do not get news or headlines that the initial report does. Traders and Investors know the labor market IS NOT as sound or robust as the Government makes it out to be, but they can only go off what is currently being reported. Mortgage Rates below are with 0 Points!

About Mortgage Rates this week…

It’s going to be an action-packed week with a tsunami of data coming out! On Tuesday we get the JOLTS report (Job Openings and Labor Turnover Survey). On Wednesday we get 1st Quarter GDP results and PCE (Personal Consumption Expenditures) which is the FEDs favorite measure of inflation. On Thursday we get initial jobless claims and on Friday we get the big BLS Jobs report (Bureau of Labor Statistics)where the unemployment rate is expected to remain at 4.2%. All of this data has the potential to move the markets and mortgage rates in either direction.

About Mortgage Rates this week…

Mortgage Rates have started the week off higher due to news that President Trump may try to fire FED Chair Jerome Powell, even though he is not supposed to be able to do so without cause. President Trump is not happy that the FED has not continued to lower rates, despite the FED’s reasoning. The friction between the White House and the Central Bank is not good for the Bond Market or Mortgage Rates. The next FED meeting is scheduled for May the 7th and so far, it doesn’t appear that the FED will be cutting rates at this meeting.

Thoughts from Brian!

I learned a valuable lesson the last time this Administration was in office 4 years ago. Nothing is ever what it seems, and Trump is a MASTER at manipulating the markets to get what he wants, which is lower interest rates! Regarding Mortgage Rates, there will be “Pockets of Time” when Mortgage Rates will suddenly drop as we saw last week and then evaporate in the blink of an eye like we are seeing today. Now more than ever Realtors need to align with a Lender who is dialed into the markets, knows how to read between the lines and take advantage of market conditions as they arise. I LOCKED MY ENTIRE PIPELINE ON FRIDAY BECAUSE IT WAS THE LOWEST PRICING WE HAVE SEEN IN THE LAST 6 MONTHS AND I UNDERSTOOD WHAT WAS HAPPENING. TODAY, MORTGAGE RATES ARE .250% HIGHER! The mortgage rates below that I have to offer are with NO POINTS!

Thoughts from Brian!

I learned a valuable lesson the last time this Administration was in office 4 years ago. Nothing is ever what it seems, and Trump is a MASTER at manipulating the markets to get what he wants, which is lower interest rates! Regarding Mortgage Rates, there will be “Pockets of Time” when Mortgage Rates will suddenly drop as we saw last week and then evaporate in the blink of an eye like we are seeing today. Now more than ever Realtors need to align with a Lender who is dialed into the markets, knows how to read between the lines and take advantage of market conditions as they arise. I LOCKED MY ENTIRE PIPELINE ON FRIDAY BECAUSE IT WAS THE LOWEST PRICING WE HAVE SEEN IN THE LAST 6 MONTHS AND I UNDERSTOOD WHAT WAS HAPPENING. TODAY, MORTGAGE RATES ARE .250% HIGHER! The mortgage rates below that I have to offer are with NO POINTS!

Thoughts from Brian!

Mortgage rates are starting the week off on the wrong foot. Today is all about the delay and potential modification of products targeted by tariffs. The markets are seeing a risk on trade as Stocks are up and Bonds are selling off. On Friday we get the PCE report, the FEDs favorite measure of inflation. The market is expecting a slight rise in inflation due to Tariffs so we could see mortgage rates end the week slightly higher. If you received and read my email over the weekend about mortgage rates, the overall outlook for mortgage rates is that they will continue to move lower over time. The mortgage rates below that I have to offer are with NO POINTS!

Thoughts from Brian!

Traders and Investors are getting whiplash with conflicting data and comments from top officials. Fed Chair Jerome Powell said last week he sees solid growth in the economy, while just last week both the ADP & BLS jobs report showed weakness in the labor market. President Trump made comments over the weekend that the U.S. will experience “a period of transition” which left Investors wondering if we might see a slight recession due to an increase in unemployment and imposed tariffs. This week brings a slew of inflation data that could help push mortgage rates lower if we see a decline inflation. If we see a rise in inflation, mortgage rates will move higher as a result. The mortgage rates below that I have to offer are with NO POINTS!

Thoughts from Brian!

Mortgage Rates continue to improve as money flows out of Stocks into Bonds. Weak consumer spending and a lagging economy has Traders on edge. This week we could see Mortgage Rates continue to improve or move higher. On Wednesday we get ADP’s payroll data and on Friday we get the BLS jobs report. If we see fewer than expected job openings and job gains, mortgage rates will continue to improve. If we see higher than expected job openings and job gains, mortgage rates will reverse and start to move higher. The mortgage rates below that I have to offer are with NO POINTS!

Thoughts from Brian!
This week's big events will be Fed Chair Jerome Powell's biannual testimony before Congress and the release of the CPI inflation data on Wednesday. Playing second fiddle, but still possibly contributing to bond movement this week is Thursday's wholesale inflation numbers, the PPI (producer price index) retail sales on Friday, and Treasury auctions throughout the middle of the week. The outlook is neither good nor bad for mortgage rates, right now it's a "wait-and-see" game. The mortgage rates shown below that I have to offer are with NO POINTS!

Thoughts from Brian!

Mortgage Rates seemed to have reached a peak last week, let’s keep our fingers crossed that the worst is behind us! There are no market moving events this week that could impact mortgage rates. Next week the FED meets for the first time this year. We do not anticipate any FED rate cuts yet, but the markets will be listening closely to what the FED has to say about inflation and the unemployment rate now that Trump is back in the White House. The outlook for mortgage rates, the housing market and the economy, across all the markets now that Trump is back in office, is overwhelmingly positive!

Thoughts from Brian!

Mortgage Rates continue to creep higher. Bonds are selling off because of fears of persistent inflation and ballooning government debt. The Trump administration's policies may help heat up the economy and help reduce taxes, but some of the Trump administration’s policies are viewed as inflationary which has the markets and the FED on edge. A strong economy also means strong jobs and lower unemployment, which is why Mortgage Rates surged on Friday when the BLS jobs data came in so hot! Mortgage Rates will continue to remain at elevated levels until the Trump administration takes office. The Mortgage Rates I have to offer below, are with NO Buy-Down POINTS!

Thoughts from Brian!

Mortgage Rates could see some volatility later this week depending on how the FED meeting goes on Wednesday the 18th. The FED is expected to cut the Fed Fund Rate by another .25%, then pause on future rate cuts until the new Administration takes off on January the 20th, which by the way is my Birthday, so if you want to get me a present, referrals make good gifts too, lol! All jokes aside, the FED wants to see what policies the new Administration will put into place and what impacts these polices could have on the economy, before cutting rates any further.

Thoughts from Brian!

Lots of job data this week that could impact the direction of mortgage rates this week and next. On Tuesday, we get the JOLTS report (Job Openings and Labor Turnover Survey). On Wednesday, we get ADP’s employment report and on Friday we get the BLS report (Bureau of Labor Statistics). A rise in the unemployment rate will give the FED the ammunition they need to cut the Fed Fund Rate by another .25% at the December 18th Fed Meeting. If the unemployment rate is left unchanged or moves lower, this will push mortgage rates higher and the chances of a December rate cut are pretty much off the table.

Thoughts from Brian!

Mortgage Rates are on the rise after last weeks election and Fed meeting, here’s what’s going on! Traders are excited about a Trump Presidency and what it will do for the economy. Post-election, the stock market has soared to new heights, which is great for investments. Right now, there is “easy money” to be made in Stocks based on the perception of what Trump is going to do once he is in office, Traders are taking full advantage of this! Unfortunately for mortgage rates, this is NOT good news! Mortgage rates will only move lower if unemployment continues to rise and inflation continues to come down. Under a Trump Administration, unemployment is expected to drop and inflation, in the short term due to proposed Tariffs, is expected to rise. Expect mortgage rates to hover around current levels until Trump takes office. Below are the mortgage rates I have to offer with NO POINTS to obtain!!

Thoughts from Brian!

Volatility is expected this week and next for mortgage rates. As everyone knows, the Presidential Election will take place on Tuesday the 5th. The results of the election WILL HAVE an impact on mortgage rates in the weeks ahead. The FED meeting is on Thursday the 7th. It appears, based on last weeks dismal job report, the FED will be cutting the FED Fund Rate by .25%. Though the FED Fund Rate and Mortgage Rates are not directly connected to one another, they do tend to move in sync with each other, so this will be a good thing for mortgage rates in the long! The first half of November is going be crazy, so buckle up!

Thoughts from Brian!

Lots of news on tap this week, and next, that WILL BE market moving! I wish I could say I know how this is all going to play out, but at this point, I have no clue and neither do Traders…so buckle up, it’s going to be crazy! Tuesday the 29th - JOLTS (Job Openings Labor Turnover Survey) report Wednesday the 30th - ADP employment report Thursday the 31st - PCE (Personal Consumption Expenditures) report Friday the 1st - BLS (Bureau of Labor Statics)report Lets not forget what next week brings… Tuesday the 5th - Presidential Election Thursday the 7th - Fed Meeting Below are Market Rates for a Purchase Transaction, as of: 10-28-24 Interest Rates vary depending on a variety of factors such as: Property Type, Occupancy Type, Credit Score and Down Payment, other factors may apply. Please review and let me know if you have any question. Please feel free to share as well, thank you!

Thoughts from Brian:

🏡 Hey everyone! It’s Brian, the Home Loan Realty Guy. Today, I’m shedding light on the hidden costs of home ownership that often get overlooked. When talking with lenders and agents, most people only think about the down payment and closing costs. But there are many daily expenses—like maintenance and upgrades—that first-time buyers may not consider. Don’t let yourself become "house poor"! It's crucial to budget for things like outdoor lighting, flooring upgrades, and routine replacements for air filters and smoke detectors. If you have a yard, landscaping will also add to your expenses. Make sure to save not just for the purchase but also for a reserve fund—ideally enough to cover six months of mortgage payments. Being prepared for unexpected costs will keep you on track. Have questions about buying or selling a home? I'm here to help with all your real estate needs! 🌟 Thanks for reading, and have a fantastic day!

Thoughts from Brian:

Mortgage rates continue to RISE after last week’s BLS (Bureau of Labor & Statics) report showed the fastest job growth in the last 6 months and an unexpected drop in the unemployment rate! If this data is true, that’s great for the economy, but bad for mortgage rates. Speculation of a FED rate cut in November are dwindling by the day as money shifts away from Bonds, back into Stocks. Volatility in mortgage rates this week is high! On Wednesday we get the CPI (Consumer Price Index) report which measures inflation at the consumer level and on Friday we get the PPI (Producer Price Index) which is the FEDs favorite measure of inflation on the wholesale side. Make sure to check out our mortgage rates below. These are market rates with NO POINTS!

Thoughts from Brian:

Mortgage rates will remain around current levels until Friday, October the 4th. On Friday the 4th, the BLS (Bureau of Labor & Statistics) report comes out. This report tells us the health of the labor market, more specifically, what the unemployment rate is. The BLS is expecting 142,000 job creations and the unemployment rate to remain at 4.2%. If we see job creations well below this figure and the unemployment rate rise, mortgage rates will move lower as a result. If the figures come in as expected, mortgage rates wont move at all. If job creations are greater than 142,000 and we see the unemployment rate move lower, mortgage rates would then rise! Make sure to check out our mortgage rates below. These are market rates with NO POINTS!

Thoughts from Brian:

It’s FED week! This Wednesday, the FED will meet to cut the Fed Fund Rate. The markets have already priced in a .25% rate cut, so if the FED only cuts rates by .25% we will not see a whole lot of movement in rates. If the FED cuts by .50%, we should see rates tick down by another .125%. The real action starts when Fed Chair, Jerome Powell does his press conference after the FED meeting. This is where we will learn the FEDs action plan for the 4th Quarter and projections for 2025. The markets believe the FED will cut rates again in November or December of 2024, with 3 to 5 rate cuts to come in 2025. Float ahead of the FED meeting but be prepared to LOCK at a moment’s notice! Make sure to check out our mortgage rates below. These are market rates with NO POINTS!

Thoughts from Brian:

Mortgage Rates will remain around current levels until Friday, when the BLS (Bureau of Labor & Statics) report comes out. If this report comes in like last months report, showing fewer-than-expected job gains, we could see mortgages rates move lower. If this report comes in with higher-than-expected job gains, mortgage rates could move higher. Traders have already priced in a .25% rate cut, so unless we get a really bad BLS report, mortgage rates will stay around current levels until the FED meeting on the 18th of the month. Make sure to check out our mortgage rates below! These are market rates with NO POINTS!