MMG Weekly: SVB Bank Fallout and Rates

A Look into the Markets This past week, home loan rates improved to their lowest levels in a month in response to the closures of Silicon Valley Bank (SVB) and Signature Bank. Let’s walk through what happened as we approach the Fed Meeting next week. “Bringin’ on the heartache, Can’t you see?, Can’t you see?”…

MMG Weekly: Powell Visits Capital Hill

A Look into the Markets This past week, Fed Chair Powell testified on Capitol Hill and his words sent rates higher. Let’s walk through what happened and take a peek at what to watch next week. “No more words and no more promises.” No More Words by Berlin. “Rates Need to Go Higher, Faster” On…

The Pondering Recruiter: Where have all the banks gone?

The Pondering Recruiter: Where have all the banks gone? 2023 has lifted off like a lead balloon, and I’ve been receiving a steady amount of call backs, and inbound calls, from Loan Officers who are frustrated with their current lender’s rates, compared to local banks and/or credit unions.  Most feel that rates are going to…

MMG Weekly: Inflation And The Fed Dominate Markets

A Look into the Markets This past week, home loan rates touched their highest levels since November. Let’s walk through what happened and mention the big events in the week ahead. “And you and your sweet desire (don’t you do it, don’t you do it) You took me, oh (higher and higher, baby)” Livin’ Thing…