Just Like THAT!

Written by Posted On Monday, 17 February 2025 00:00
Just Like THAT! Image by xb100 on Freepik

Just when you think things are about to turn around in the rate markets, we get a brutal CPI report and a weak 10-year note auction that drove the bond prices lower and rates soaring! What makes it worse is that forecasters across the spectrum didn’t see this coming. NOBODY!

Today we are going to get PPI numbers, along with initial and continuing claims on employment; and if that isn’t enough, we will see a 30-year bond auction this afternoon! All of which can be market movers! Oh, I almost forgot, Friday we have even more data that could move the markets when we see retail sales figures, industrial production figures, and finally, capacity utilization as well!

I’m not going to lie; I was thinking like everyone else that we were going to get decent numbers and possibly some momentum toward lower rates. Now I am just hanging on to see what happens today and tomorrow in hopes that we can stabilize.

It’s really important that you stay on top of the volatility and keep your clients and referral partners informed. These kinds of movements can be disturbing to those who think they are at one point, but the markets have moved away from them. For some, it’s just a minor cost increase, for others, it can throw all the ratios out of whack and make things very messy! That is why you need to have conversations with your clients and referral partners about price volatility and possible impacts on their situation!

Keep your eyes open this morning and later today and be prepared. Better to know what is coming and have it be nothing, than to not know it and have it be something! As always, questions or comments This email address is being protected from spambots. You need JavaScript enabled to view it.

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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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