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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From Staff Reports

With lumber tariffs already adding more than $6,000 to the price of every new home in Dallas, President Trump’s decision this month to escalate the trade conflict with China has builders bracing for more challenges to housing affordability. This decision could wind up imposing a $2.5 billion tax increase on residential construction, according to the National Association of Home Builders.

Trump announced he is moving immediately to impose 10 percent tariffs on an additional $200 billion worth of Chinese imports, including $10 billion of goods used by the home building industry. This 10 percent levy represents a $1 billion tax increase on residential construction. Making matters even worse, the tax hike will rise to $2.5 billion on Jan. 1 when the president said the tariff rate will jump to 25 percent if the two nations have not resolved their differences by year end. If China retaliates, Trump has vowed to place tariffs on an additional $267 billion worth of imports. The NAHB has strongly opposed this move.

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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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In the 68th episode of the Mortgage Report, Bob Johnson (AKA BobMortgage) gives us some perspective on how inflation is measured and how it affects housing, especially considering the increasing cost of materials due to tariffs, which could result in costs for new homes and renovations being passed on to the consumer. It’s a tricky balance, and when we want to know the ins and outs of our mortgage market, there’s no better source than our most-trusted mortgage expert, BobMortgage, the senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk.

So, should you lock or float? Is now a good time to buy? Find out today in the Mortgage Report:

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