Managing Equity and Markets

Follow me
By
Mortgage and Lending - Watermark Capital - NMLS #311662
RECENT BLOG POSTS
The Fed’s monetary policy is revealed on Wednesday. The market is expecting a 25bp hike but the markets will be moving more so on Powell’s speech after the decision is announced. Here is how institutions are placing their bets    I agree with the market consensus. The Fed has to remain strong in ...
05/01/2023
0 Comments
Markets will be moving based on quarterly earnings this week as they really wait for Thursday’s GDP report and Friday’s PCE report. Next week we get the Fed’s monetary policy decision on Wednesday and unemployment numbers on Friday.This week’s PCE report is important as it is the Fed’s main infla...
04/24/2023
Inflation numbers came in and they showed signs of cooling. CPI rose 5% year over year and 0.1% month over month, lower than expectations. Although this is good news and shows we are moving in the right direction, we need about 3 consecutive months of month-over-month declines to really start cel...
04/17/2023
Unemployment came in a tick lower on Friday at 3.5%, reigniting fears of a rate hike justified by a strong labor market. New jobs added, however, were lower than expected.This is a very big week for us as we get CPI and PPI inflation data. Last month’s year-over-year reading came in at 6%. The ma...
04/10/2023
This is an update to the blog I wrote last week introducing a new shared equity program in CA.   Well, it took a whole 7 days for CalHFA to use $300,000,000 of The Dream Home For Some (all) Program. I think that people that were already planning to use traditional DPA programs just switched to t...
04/08/2023
The markets were volatile again this past week ending the week on a good note with PCE inflation coming in slightly lower than expected.Bank failures, inflation cooling, unemployment ticking up…things are looking set for a Fed breather on rate hikes. The Fed should have one more rate hike in the...
04/03/2023
This month’s demise of three major banks sent shockwaves through an already fragile U.S. economy. The news sparked fears that a string of similar failures was imminent, resulting in a financial crisis similar to what the country experienced in 2007–2008. As homebuilders, lenders, and industry pr...
03/31/2023
So CA rolled out a new First Time Homebuyer Program (FTHB) yesterday.It is a shared equity program. They will give you 20% down for your conventional loan as long as you use their 30yr mortgage for the loan.At some point in the future when you refinance or sell your home you pay back the 20% PLUS...
03/29/2023
In the face of bank failures, the Fed still raised rates by a quarter point, as the markets expected. They couldn’t raise by the 50bps they wanted to a few weeks earlier and inflation is too scary for Powell to do nothing.We will look back on this and blame the fed for the impending recession. I...
03/27/2023
Every conversation I have with clients when we are locking rates contains the question "what is going to happen with rates?". I then try to explain we can look at trends in the 10 YR Treasury to indicate the trend in Mortgage Backed Securities (MBS).The MBS operates in inverse to what the US Trea...
03/24/2023
Rainmaker
609,220

Matt Brady

One of San Diego's Best Equity Advisors
smartphone858.342.8659
Contact The Author