Mixed Bag of Data!

Written by Posted On Monday, 16 December 2024 00:00
Mixed Bag of Data! Image source: 123RF

The CPI report came out on Wednesday and was a very mixed bag of information and an ongoing mixed reaction from the markets. We saw many numbers that were certainly in line with market expectations, but we also saw numbers that show that inflation continues to be stubborn! So far, most believe that the FED will cut rates another 25-bps next week but lower the projections on the number and size of rate cuts in 2025. I personally think that the markets are still a little stunned at the assassination of United Healthcare’s CEO and the almost cult-like reaction of those who are supportive of the alleged assassin.

On Thursday we got further data from PPI, initial and continuing jobless claims, as well as a 30-year treasury bond auction in the afternoon. Any or all of these could push the markets one way or the other and could influence the FED decision this week.

It’s been an interesting look at the housing market since Thanksgiving; some areas are seeing solid activity levels and others seem more subdued. My belief is that those who are working, calling, and connecting with people are seeing good activity. While those that aren’t connecting aren’t. Maybe it’s just a coincidence?

For those who still have files to close at the end of this year, please be sure to confirm you have everything you need for those closings! The closer we get to Christmas, the tougher it will be to get last-minute documentation or to be able to make changes!

Final note, be sure you are connecting with all your preapprovals, referral partners, and coworkers to be certain of schedules and to share opportunities! Any buyer who wants to see property in December is a motivated buyer, and a seller who will show their property in December is a motivated seller! When we connect a motivated buyer and a motivated seller, we tend to put together a great deal for everyone! 

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Michael White

After 18 years working in all phases of mortgage originations, Mike left day to day originations to start his consulting and coaching company. Now, more than 18+ years later, Mike is working with clients across the country in all markets, big and small, that have generated more than three billion dollars in loan originations within a year.

Mike teaches a system that is focused on time management, action planning, marketing a message, and creating value for both clients and referral sources alike. Quite simply, providing more value leads to more opportunities, more income, less time, and a systematic approach that begs to be duplicated.

 

By breaking down individual aspects of the mortgage business and providing a step by step approach to creating a consistent flow of opportunities that can lead to a highly successful mortgage practice. That is why people who incorporate these strategies out produce the national averages by almost 3 to 1!

Fundamentals and simple strategies provide day to day activities that help provide a “scheduled success” philosophy. It’s all about identifying, targeting, and establishing profitable referral relationships using exceptional value to keep you in the center of your own referral triangle. 

 

https://www.imtcoaching.com/

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