Wendell Santiago

🌟 Exciting news in the mortgage world! Rates saw a modest uptick at the end of last week, ending a winning streak but still maintaining overall progress. 📈 Today's average rates are marginally higher, with changes so minimal that most borrowers won't even notice a difference. Lenders are seeing such slight adjustments that it's barely affecting borrower scenarios. ⚖️ The bond market remained stable with low volatility, suggesting a calm week ahead where scheduled events may not cause significant rate fluctuations. 💼 Market watchers intrigued by the upcoming Fed minutes might wonder about potential rate impacts. However, given the current economic climate, it's challenging to predict any surprises or new revelations. 🔍 As we navigate these subtle shifts in rates, it's essential for prospective homebuyers and refinancers to stay informed and ready to act when opportune moments arise. Let's keep an eye on the market and see how it unfolds this week! ⏰ Time to take advantage of favorable mortgage conditions and make informed decisions for your real estate endeavors. Stay tuned for more updates and insights!

🔮 Exciting news in the mortgage world today - 30yr fixed rates hitting the lowest levels in a month! Could this be a sign of good things to come for homebuyers and homeowners alike? 📈 Despite some yeah buts , such as rates this week qualifying for the same distinction and today's rates not dramatically lower than Tuesday's, any improvement is a win in the current market climate. 📉 Economic indicators like Jobless Claims and solid demand for 30yr US Treasury Bonds have played a crucial role in pushing rates down. 💼 Lenders have responded with mid-day reprices offering better terms, indicating a positive shift in the mortgage lending landscape. 📅 A crucial factor to watch out for is the upcoming CPI release next Wednesday, which has the potential to sway rates significantly as seen on April 10th. 💡Keeping a close eye on economic data and market trends will be key to making informed decisions in these uncertain times. Stay tuned for further updates and insights!

🌟 Exciting news in the mortgage market today! Rates have hit a record low, making it an opportune time for prospective buyers to make a move. 🏠 With lenders offering lower rates than we've seen in months, now might be the perfect time to consider buying that dream home. Don't miss out on these historically low rates. 📈 Market volatility over the past 24 hours has led to some fluctuation in rates, but overall, they remain extremely competitive. Keep an eye on the market for any potential shifts. 💸 Favorable data on inflation and jobless claims rising to the highest levels since last summer have influenced these low rates. Economic uncertainties may keep rates low for a while longer. 🔍 Traders will be closely monitoring economic shifts to ensure a sustainable drop in rates. Stay informed and seize the opportunity in this dynamic market. 🏡 Whether you're considering refinancing or purchasing a new home, now is the time to take advantage of these historically low mortgage rates. Reach out for personalized advice on your real estate needs! #MortgageRates #RealEstateMarket #EconomicTrends

📈 Exciting news in the mortgage market! Mortgage activity rose modestly last week as interest rates dropped, allowing for a 2.0 percent increase in the Market Composite Index. 🏠 The Refinance Index also saw a notable 5.0 percent increase, with refinance applications showing a 29 percent jump in VA refinances. Even though still below last year's levels, this uptick is a positive sign for the market. 💰 With treasury and mortgage rates falling and the Federal Reserve signaling a dovish stance, now might be the time to consider refinancing or purchasing a home. 🔮 Prediction time: Based on the current trend, we may see continued activity in the mortgage market in the coming weeks, especially in refinance applications. Considering the favorable rates, it could be a good opportunity for buyers and investors alike. 🌟 Keep an eye on the market and stay informed about the latest developments to make the most of these changing conditions. Exciting times ahead for the mortgage industry!

What’s Ahead For Mortgage Rates This Week – June 24th, 2024: Currently, the Retail Sales Report is the sole report that has weight. With the passage of more optimistic inflation data reports, retail sales coming in slightly under expectations will have little to no bearing on the overall outlook. Given the last major reports indicating the economy's health and state of inflation, there is more optimism toward a potential rate cut this year. Lending partners have still been quick to continue cutting rates. http://dlvr.it/T8hjhv

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More mortgage knowledge from your favorite Florida Lender: More homes are hitting the market this year, and that means more options if you’ve been looking to buy. But, while inventory is growing, we're still below where we’d be in a normal year. That's where I come in. Let's team up and navigate this evolving market together. Your future home might be closer than you think. #MrMortgageLoans #SWFL #YourFloridaLender

In light of the pending NAR settlement, Fannie Mae and Freddie Mac have updated their policies to provide clearer guidelines on how sellers can contribute to the buyer’s agent commissions. Buyer’s agency commissions can be paid by the seller without counting against the usual 2-9% limits of seller contributions (depending on occupancy). Dive into the details and understand what this means for your next home purchase or sale in our latest blog post!

Things To Avoid After Applying for a Mortgage [INFOGRAPHIC] There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table. Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect with your loan officer before making any financial decisions once you’ve started the mortgage process. #powerfuldecisions #confidentdecisions ¿Estás pensando en comprar o vender tu casa? LLama al (602) 663-4874 o envia un correo electronico a team@marrep.com

What Is Going on with Mortgage Rates? You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Economic Factors That Impact Mortgage Rates When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Basically, long story short, inflation and its impact on the... #stayinformed #staycurrent

More mortgage knowledge from your favorite Florida Lender: Your Equity Could Make a Move Possible Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. What Is Equity? Think of equity as a simple math equation. Your equity grows as you pay down your loan over time and as home prices climb. And thanks to the rapid home price appreciation we saw in recent years, you probably have a whole lot more of it than you realize. The... #MrMortgageLoans #SWFL #YourFloridaLender