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All Encompassing Mortgage and Real Estate Thread


UTPhil2006

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51 minutes ago, Wulaw Horn said:

Sign my petition in Brokers are better. Come up to DC with me next time we are lobbying.  It's dreadful man. 

I've already signed your petition. 

Am I allowed to bring weapons to assault said lenders that buy them?

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2 minutes ago, Neonmoon said:

And the two weeks of improvement are now gone. 

Down 55 since Fridays open. Yikes!  Still not sure what the hell is going on after inflation came in light?  Debate and accompanying freak out afterwards?  Did a fed governor fart somewhere and I missed it?  That broke beneath some technicals that should have been acting as pretty robust support and opened up a new channel of mostly suck. 

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6 hours ago, LCHorn said:

I’ve got a $750k VA loan I didn’t lock Thursday because the buyer was overseas and generally I like to review numbers and firm up a commitment before I lock…oops.  

Same but sub in getting married in Nantucket. 
oh well- 17 of my 18 active deals are locked. So- whenever that’s the case rates going up for a couple weeks is a win- can’t get shopped/beat because of the market.  

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Here's a good summary

Quote

The US employment report proved to be something of a mixed bag, but on aggregate looks weaker than forecast. That should keep fixed income well bid, which might also inject some demand for equities. While the headline payroll growth was slightly above expectations, the revisions for the last couple of months were quite negative at -111,000. The rise in the unemployment rate to 4.1%, the highest since November 2021, was also notable. This might excite people about a possible trigger in the so-called Sahm rule, though it is not clear why that indicator will be a better predictor of recession than other metrics that have failed to work during this cycle. It is worth noting that household employment actually rose in this release; the rise in the U-rate was a function of an increase in labor force participation, which itself has been a little erratic recently.

Cameron Crise
Macro Strategist, New York

 

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