Weekly Newsletter August 12th-16th

Interest Rates

30-yr fixed6.45%
15-yr fixed5.65%
30-yr fixed FHA6.2%
30-yr fixed VA6.26%
*These mortgage rates are estimated by a third party using industry averages for owner-occupied properties and do not include refinancing options. Rates may vary based on availability and lender approval.

PCE Inflation Week

Today, the PCE report, the Fed’s favorite measure of inflation, came in slightly under expectations. This is yet another piece of support for the Fed to stick with its decision to cut rates in September. We are seeing a floor of support be tested today, hoping it holds into next week’s major jobs reports. We may see rates tick up next week ahead of the jobs reports, depending on where the market closes today. We may have some volatility today and next week ahead of the jobs reports.

Product Spotlight: 10% down Jumbo loans are back! Here are the parameters for this product:

Contact me for details on this and all jumbo loan solutions for your client’s specific needs!

My Favorite Things: Cooler Mornings and Nights in the Valley!

It’s Labor Day weekend, and it’s a great time of year to start leaving the inside for the outdoors – at least in the morning and when the sun goes down. I call it “reverse hibernation,” and it ends here in AZ. It’s also, many times, one of the last weekends to enjoy pool season before the water is too cold! If you’re headed out of town to enjoy even cooler weather, please be safe on the roads! And, if you’re staying in town, enjoy the beginning of the nearly nine months of amazing outdoor weather we are blessed with in the Valley!

Is YouTube a pillar of your real estate marketing that you would love to improve or start using, and you need to figure out how?

Caitlin McKeague of Desert Dreamers with Real Broker has the perfect class series for you! She will show you how she built her business on this platform to help you. Her first class is on September 18th. See the attached email for registration.