Scott Mailloux RFA Cancellation

04/19/2022

TODAY'S RATE FORECAST: HIGHER
Housing: March Housing Starts increased to 1.793M vs. est. of 1.745M. Same story with Building Permits, coming in at 1.873M vs. est. of 1.825M. The negative from this report is that the surge in Starts and Permits is in the Multifamily sector instead of much needed growth in SFR. Values are up and payments are still in good shape even if rates are going up. Need to improve your home or restructure your finances, please call me at Wyndham Capital 602.899.9612

March Housing Starts increased to 1.793M vs. est. of 1.745M. Same story with Building Permits, coming in at 1.873M vs. est. of 1.825M...

04/18/2022

Architectural Digest’s Elizabeth Yuko says that from the start of the pandemic, however, appraisers have been putting price tags on houses without ever setting foot on the property. Just as employers assumed working from home would end and their employees would eventually return to the office, now we are seeing how that paradigm has changed as well. What once was a temporary emergency measure has become the norm, and it appears that remote appraisals are here to stay.
Very interesting! What do you think your home is worth? Need to take out some equity and reset your finances? Call me Scott at Wyndham Capital 602.899.9612

Because it is vital for mortgage lenders as well as home buyers to know the value placed on and paid for a home, independent appraisers have always been necessary. Traditionally, the appraiser...

04/18/2022

If you need to get your finances back in line with a cash out refinance. Or a purchase of a new home. Reach out to me at Wyndham Capital 602.899.9612

04/18/2022

The May FOMC meeting is two weeks away, expect daily comments about a 50 bp or 25 bp increase in the FF rate to dominate the news. This morning’s news: U.S. equity futures fell, and Treasuries steadied on Monday as investors weighed the prospect of faster policy tightening by the Federal Reserve. More pressure on rates from the Fed, call me for purchase or refi 602.899.9612

After last Thursday’s strong selling in the rate markets this morning the 10 and MBSs opened unchanged. Last Thursday the 10 increased to a new high in this...

04/14/2022

TODAY'S POTENTIAL RATE VOLATILITY: HIGH
This morning markets are dipping on strong inflationary data. Volatility has been high to start with the deluge of economic reports. If you need to consolidate some debts and relieve your monthly budget, rates are still in a historically good place. Call 602.899.9612 with any questions. Be safe everyone!

Initial Weekly Jobless Claims were higher than expected (185K vs. est. of 171K) but we had yet another week of sub-200K which is strong. The more closely watched 4 week moving average...

04/14/2022

Take it from me: A pre-approval is one step toward mortgages without migraines. Reach out today to learn more.

04/13/2022

Consumer spending on credit cards rose 29% and credit-card loans increased 15%. Though card loans remain below pre-pandemic levels, the increase is a sign that customers have started to burn through stimulus funds that buffered them throughout the pandemic. Mortgage originations dropped 37% from a year ago.
If you need to take any cash out of your property to get caught up financially or do some home improvements, call me at Wyndham Capital 602.899.9612

Yesterday March CPI sent MBS prices higher, that all details in the report showed increased inflation but were less than estimates and gave fuel to the very oversold rate markets. Not as if inflation was turning any corner but...

04/12/2022

What can you expect in this housing market? Check out these trends. https://wynd.am/2022-housing-trends

Ready to buy or refinance? Reach out today!

No doubt about it: The 2022 housing market has had a wild start. Check out these trends to learn what experts predict this year.

04/12/2022

Inflation: As expected, the March CPI data was very high. The Headline YOY CPI increased from a pace of 7.9% in Feb to 8.5% in March (Hottest since 1981). The consensus estimates were for 8.4%. Core (ex food and energy) YOY increased from 6.4% in Feb to 6.5% in March, the market was expecting 6.6%. As far as Real Wage (Wages - Inflation), they fell -0.8% for the 12th straight month.

As expected, the March CPI data was very high. The Headline YOY CPI increased from a pace of 7.9% in Feb to 8.5% in March (Hottest since 1981). The consensus estimates were for...