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February 11, 2025 | Something to sip on with your morning coffee

Market Update: A Cautionary Day Ahead of Inflation Data: As we head into today's trading session, we're expecting a slightly rough day for rate sheets, with some early losses in bonds. However, the reprice risk is relatively low, and the main event of the day is Fed Chair Powell's testimony before the Senate Banking Committee. While the committee is likely to grill him on various topics, including tariffs and Trump, it's unlikely that Powell's comments will have a significant market-shaking impact.


CPI Data Looms Large: Tomorrow morning at 8:30am ET, we'll get the CPI inflation data, which will set the stage for the rest of the week. As a result, today is a critical day for locking in loans that don't want to risk floating into the market. If you have loans closing in less than 15 days, consider being cautious about floating and locking in a rate if you're concerned about the potential impact of the CPI data.


Technical Analysis: Looking at the technicals, the UMBS 6.0 mortgage-backed securities coupon has dropped significantly overnight, and we're currently below the 50-day moving average at 100.64. We'll be keeping an eye on whether we can recover above this support level by the end of the day. The 10-year Treasury yield is also above the 4.50 support level, and we'll see if we can get some recovery through the day.


Overall, while today may be a challenging day for rate sheets, we'll be closely watching the market's reaction to Powell's testimony and the CPI data to guide our locking strategies and position ourselves for the rest of the week.


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February 2, 2025 | Why Buying is Better than Renting: The Fun Side of Homeownership

Let’s settle the age-old debate of buying versus renting—buying a home simply rocks! While both options have their perks, here’s a quick rundown of why jumping into homeownership can be a total game changer.

First off, when you buy a home, you’re investing in your future—not your landlord’s! With each mortgage payment, you’re building equity, which is basically money in your pocket (and we all love that!). Renting? Sorry, but those monthly checks just pad someone else's bank account. Homeownership is like a warm, snuggly blanket of stability. Your landlord can’t suddenly decide to hike up the rent or sell the place from under you. You get to choose how long you stay, how you decorate, and whether you finally want that bright orange kitchen!

Let’s talk taxes! Homeowners often enjoy sweet deductions on mortgage interest and property taxes. Yes, please! Not to mention potential grants for first-time buyers that can make those dream homes more accessible. It’s like finding hidden treasures in your finances! With a fixed-rate mortgage, your monthly payment remains consistent, unlike rent prices that can feel like they’re on a rollercoaster ride. Imagine budgeting without the stress of surprise increases every year. It’s a smooth ride to financial peace!

Investing in real estate can often be a solid move, with the potential for your home to grow in value over time. Picture this: you buy a house today, and years later, it’s worth a lot more! Plus, if you ever want a side hustle, renting it out can turn into a sweet source of passive income.

When you own your home, you’re basically the king or queen of your castle. Paint the walls neon green, start a vegetable garden, or build that treehouse you’ve always dreamed of—no landlord is telling you “no!” The sky’s the limit!

In conclusion, buying a home isn’t just about putting a roof over your head; it’s about investing in your future, creating stability, and having the freedom to express yourself. So, if you’re ready to transform into a proud homeowner, call us today—your dream home and the fun that comes with it await!



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