Mortgage Market Commentary, 07-30-21

By Lou Barnes on Jul 31, 2021 6:15:00 AM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

Rates. The 10-year T-note fell below 1.30% on Monday July 19 for the first time since February. Anomalies abound: in February 10s were screaming upward from 0.55% in August toward 1.75% in March, and passed through the 1.20s without a howdy-do. Since May rates have fallen without a pause, a long way without a reversal of some kind.

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Day 1 Mortgage - Matthew and Jennifer

By Amber McCulloch on Jul 29, 2021 2:57:52 PM

Providing clients with a truly extraordinary experience is only possible with the right partners for title and mortgage. This realization drove us to create Day 1 Mortgage. In this series, we celebrate how the relentless agents of CENTURY 21 Redwood Realty partner with the loan officers of Day 1 Mortgage to win contracts while others fall short.

We sat down with Steve Spear from our Manassas office and Day 1 Mortgage loan officer Marla Mikhail to talk through a recent home purchase where their client won by leveraging Day 1 Mortgage as their lender.

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Mortgage Market Commentary, 07-23-21

By Lou Barnes on Jul 23, 2021 3:55:06 PM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

Late July is the traditional beginning of the Silly Season summer drought of news, and desperate media running “Man Bites Dog!” stories.

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Mortgage Market Commentary, 07-16-21

By Lou Barnes on Jul 16, 2021 6:42:36 PM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

The bond market may show signs of a bottom, the 10-year T-note unable to break below 1.30% despite Chair Powell’s insistence on Fed patience as-is.

Powell is fully aware that he is playing with fire, his own and the Fed’s reputation at risk along with the economy, and dissension is rising among Fed underlings. The bond market is sitting beside the same fire, but poised for the exit.

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Winning with Day 1 Mortgage - Nick

By Amber McCulloch on Jul 16, 2021 1:15:55 PM

Providing clients with a truly extraordinary experience is only possible with the right partners for title and mortgage. This realization drove us to create Day 1 Mortgage. In this series, we celebrate how the relentless agents of CENTURY 21 Redwood Realty partner with the loan officers of Day 1 Mortgage to win contracts while others fall short.

We sat down with Lauren Riner from our Ashburn office and Day 1 loan officer Steve Salvatore to talk through a recent transaction where their client won by leveraging Day 1 Mortgage as their lender during one of the most competitive markets we’ve ever seen.

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Mortgage Market Commentary, 07-09-21

By Lou Barnes on Jul 9, 2021 4:44:01 PM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

The bond market and interest rates in the last month have been a lesson in humility. The 10-year T-note crested at 1.75%, and since has done something which everyone knew -- absolutely positively -- could not happen. Yields fell. Yesterday to 1.28%.

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Mortgage Market Commentary, 07-02-21

By Lou Barnes on Jul 2, 2021 4:08:24 PM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

Economic change is coming so fast in so many places and out of pattern that it’s hard for the authorities to follow and adjust. In the lead of course is guessing at future inflation, and the strangely superheated housing market leading to itchy trigger fingers at the Fed.

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Mortgage Market Commentary, 06-19-21

By Lou Barnes on Jun 19, 2021 7:00:00 AM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

This week some juicy stuff. A little data, then The Big Fed Story That Wasn’t.

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Winning with Day 1 Mortgage - Gail

By Adrienne Barkas on Jun 18, 2021 9:43:18 AM

Providing clients with a truly extraordinary experience is only possible with the right partners for title and mortgage. This realization drove us to create Day 1 Mortgage. In this series, we celebrate how the relentless agents of CENTURY 21 Redwood Realty partner with the loan officers of Day 1 Mortgage to win contracts while others fall short.

We had a chat with Ruthan O’Toole from our Locust Grove office and Day 1 Loan Officer Marla Mikhail to talk through a recent transaction where Ruthan’s client was able to purchase a home that was in high-demand by leveraging Day 1 Mortgage as their lender. It was a huge win for a well-deserving first-time home buyer!

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Mortgage Market Commentary, 06-11-21

By Lou Barnes on Jun 11, 2021 11:56:10 AM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

By mid-week, everyone who is anyone in central banking had announced deep fear of inflation and that the Fed should act now, removing stimulus of all kinds and lift interest rates.

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