I hope this email finds you in good spirits and ready for a bit
of St. Patrick’s Day cheer, because boy, do we have some news for you straight from the Bureau of Labor Statistics (BLS) pot of gold!
Seems like February was feeling quite sprightly with the creation of 275,000 jobs, a wee bit stronger than the expected 200,000. But hold onto your shamrocks because there’s a twist in this tale! Just like every month. January’s figure got a bit of a makeover, dropping from 353,000 to 229,000, and December took a dip, too, going from 333,000 to 290,000. That’s a lot of jigging around!
Now, don’t be fooled by those tricky leprechauns of statistics! The birth-death model added One hundred fifty-one thousand jobs, but as unreliable as a four-leaf clover in predicting the weather. Without it, job growth would have been cut in half!
But here’s where the blarney really kicks in! The Household Survey was like a sneaky leprechaun, showing 184,000 job losses. And the labor force itself grew by 150,000, causing the unemployment rate to rise from 3.7% to 3.9%. Most FED members see the unemployment rate of 4.1% as their marker for easing off.
There’s a whole heap of talk from Jay Powell and the Federal Reserve about rate cuts and easing cycles, sending rate cut odds soaring like a rocket from the Emerald Isle!
So, while we may not have found a pot of gold at the end of this rainbow of data, there’s certainly a fair share of surprises lurking beneath the surface. Keep your eyes peeled for more twists and turns in this tale of the job market!
Wishing you all the luck of the Irish,
Jonathon
Below is a chart of the 10-year Treasury bond activity. It looks to be taking a wee nap. Notice the last lock is where we ping-ponged off the 100-day Moving average (“DMA”). Since then, we have rallied big time, blowing through the 25-DMA, the 200-DMA, and, most recently, the 50-DMA. The media is beginning to unleash the news that mortgage rates are dropping, so get ready for the phone to ring. Please count on me and the Bison Team to help support you and your clients as a proven resource.
Itโs the most wonderful time of the year ๐โจ๐ Happy Holidays from The Herd!
โจ โThe strength of a family, like the strength of an army, lies in its loyalty to each other.โ โ Don Vito Corleone
This yearโs Bison Ventures holiday party celebrated mobster style through the decades. From timeless classics to bold looks, our team came together to honor another incredible year โ proving that loyalty and connection are at the heart of everything we do.
HAPPY HOLIDAYS from our Herd to yours! ๐
Special thanks to Stuart and @rach.m.crawford for hosting. ๐พ๐ฆฌ
Weโre thrilled to be recognized as one of the BEST PLACES TO WORK by the Phoenix Business Journal for the second year in a row! ๐โจ
A big thank you to the @phxbizjournal for this incredible honor and for celebrating workplace excellence in our community. And to our amazing teamโyour input, enthusiasm, and support make Bison Ventures more than just a workplace. Youโve created a community where collaboration and fun go hand in hand. ๐ฆฌโค๏ธ
Hereโs to celebrating together and building an even brighter future!
๐ Trying to time the market? Itโs not about chasing perfectionโitโs about preparing for opportunity. At Bison Ventures, weโre here to help you take the next step confidently, no matter what the market says.
Remember, the best time to make your move is when YOUโRE ready. Letโs plan together and make your homeownership goals a reality.
Contact Senior Loan Officer @brandipaucekloans to learn the advantages of being a buyer in our current market or strategize to make your homeownership goals a reality when the time is right for you! ๐ก
Industry leaders donโt just shape their companiesโthey elevate the entire field. Watching our CEO, Stuart Crawford, guide an insightful discussion at The Mortgage Collaborativeโs โ12 Days of TMCโ virtual conference was a proud moment for all of us at Bison Ventures.
Stuart reminded us of the power of networkingโnot just with potential sources of business, but across the industry, even among competitors. Itโs the same collaborative spirit that drives The Herdโs commitment to supporting local charities each quarter, giving back to the communities we serve. Together, we create innovative solutions and build stronger foundations for the future. Thank you to @mtgcoop for facilitating this incredible conversation. ๐ฅ
This Thanksgiving, weโre counting our blessingsโand at the top of the list are YOU. To our clients, partners, friends, and family: thank you for allowing us to be part of your story. Your trust and support mean everything to us.
From our Bison Ventures family to yours, we wish you a day filled with gratitude and joy. ๐ฆโจ
Our company is about to celebrate our 3rd anniversary, and we are ready to grow with people who align with our values.ย
We are proud of our culture and know that it takes a solid team to drive success in the mortgage industry.ย Thatโs why weโve built a platform designed to empower you โ whether youโre an originator scaling your business or an operations expert keeping it all running seamlessly.ย
Our award-winning culture is based on collaboration, FUN, support to scale, and accessible leadership, which allows you to focus on what you do best and enjoy doing it!ย
๐ฆฌ RUN WITH OUR HERD. EMPOWER YOUR FUTURE.
DM us to have a confidential conversation about life at Bison.ย
Attention agents! Join us for an exclusive tour of Moon Valley, one of Phoenixโs most desirable neighborhoods.
Known for its hiking trails, mountain views, prime location, and the iconic Moon Valley Country Club, this area offers the perfect blend of lifestyle and convenience your buyers are looking for. ๐
Seven homes ranging from $549,000 to $1,075,000 ๐ก
Register to attend on the MVHT app - link in bio ๐
What an amazing two days at the @nikolamotorcompany Wellness Fair, connecting with their fantastic team! We were blown away by the innovative facilities and applaud their mission to create a zero-emissions transportation world! ๐ ๐๐
Big thanks to our friend Shawn West, CuraFin Founder, for making this preferred corporate partnership possible. Shoutout to Loan Officer @mortgage_jules_ for sharing her mortgage expertise and helping attendees along their paths to homeownership! ๐ก