It’s not too much of a reach to think about how your homebuying experience could be affected by the global economy. Bob Johnson (AKA BobMortgage), senior vice president of the nation’s oldest private lender — Wallick & Volk — serves it up in this 80th episode of the Mortgage Report. Concerns regarding Brexit in the UK, combined with a slowing global economy, may have made the Federal Reserve change its tune regarding more interest rate hikes for 2018. If it sounds complicated, let 

Learn about how changing global dynamics can affect your closing now from the most-trusted mortgage expert in North Texas: BobMortgage.

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There was a lot of downward trending for the stock market last week, but overall, that’s positive for the bond market and interest rates, says Bob Johnson (AKA Bob Mortgage) the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk

Our most-trusted mortgage adviser explains that, as people react to the plummeting stock market trends and fear-inducing rhetoric from the Federal Reserve, they look for a safe haven for that money. Hence, the overarching growth in relatively safe bond market investments. Plus, less-than-stellar economic reports in the housing industry have made for some negative reactions, too. So, how does that influence whether you should lock or float? Find out today in the Mortgage Report:

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As Bob Johnson (AKA BobMortgage) notes in the 78th episode of The Mortgage Report, our market is at a very exceptional place right now. According to the minutes released by the Federal Reserve, another interest rate hike is on its way in December. And as our most-trusted mortgage expert told us in last week’s episode of the BobMortgage Zone, consumer spending — and consumer debt — are both at high points. 

So, what does all of this mean? And what should you do if you’re looking to secure a home loan in this volatile market? Find out from the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in today’s Mortgage Report:

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How does Bob Johnson (AKA BobMortgage) decide whether it’s time to carefully float or lock in interest rates for his clients? This past week’s stock market slide and brief rally provide an excellent example. The stock market, heavily influenced by the affects of President Donald Trump’s tariffs and the recent increase in interest rates by the Federal Reserve, took a nosedive last week. The brief reprieve on Friday, though, and how it plays into the bond market, added another variable.

So, should you lock or float? As the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, Bob Johnson can easily explain how he arrives at his lock or float position, as well as why his clients choose Wallick & Volk to get them funded with tight turn-around times. Find out more in this week’s Mortgage Report:

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As our most-trusted mortgage expert told us in last week’s Mortgage Report, there was news on the way that could definitely influence the bond market. Those indicators were the PCE, one of the Fed’s favorite measures of inflation, and of course Fed chairman Jerome Powell’s comments. 

As expected, the bond market had a bit of a run up, says Bob Johnson (AKA BobMortgage), the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk. What does that mean for you? Find out in this week’s episode — the 75th! — of the Mortgage Report with BobMortgage.

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It’s a big week for market watchers, says Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in the 74th episode of the Mortgage Report.

According to our most-trusted mortgage expert, it’s take-it-to-the-bank certain that the Federal Reserve will raise the Fed Funds rate this week. However, don’t freak out, says BobMortgage, as he walks you through the cause and effect of what happens when the Fed raises rates and how it affects mortgages. Learn more now so you can educate your clients on how this news will affect them:

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For the 73rd episode of the Mortgage Report, Bob Johnson (AKABobMortgage) reveals that the Mortgage Bankers Association announced that refinance applications are down, but home purchase applications are up. What does it mean? Bob explains that and more.

And pro-tip: If you follow BobMortgage on Instagram, you can get daily updates on Bob’s lock or float positions, and more market news. (more…)

News reports that came in over last week had drastic affects on the mortgage market, says Bob Johnson (AKA BobMortgage) in this week’s Mortgage Report. If you follow BobMortgage on Instagram, you could have caught his conversion from a “float” position to a “lock” position as the bond market took a spectacular dive. 

This morning, our most-trusted mortgage expert and senior mortgage adviser at the nation’s oldest private lender — Wallick & Volk — shows how positive job growth numbers actually stoked some fear of inflation, and why tariffs are drastically affecting the market. Learn more about the mortgage market to better serve your clients in this week’s Mortgage Report with BobMortgage:

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