Kyle Palaniuk

I normally don’t post things like this... but in these trying times I’ve realized that doing is best is really all we’ve got, so it’s a proud moment for us. In almost every industry the way things were has vanished, leaving those fortunate enough to hold on to something with a choice: Either adapt and push forward or fold. I’ve been known to make some exceptions, but one exception I won’t make is our commitment to putting our clients and their financials first, settling for... nothing but the best. Entrusting someone with your mortgage is nothing to take lightly. It takes courage and confidence. I want to equip ALL of my clients with the confidence they need to allow us to do what we do best. |||||| This client entrusted us with the handling of his two biggest assets and together we succeeded in skirting through the ever so changing environment that COVID 19 has put us in, and we patiently took advantage of market changes together. ||||| Seeing this kind of feedback helps me have the courage myself to stick with our commitments and not waver. ||||| Come visit us or call if this is what you’re looking for in a mortgage finance consultant and we will partner with you to get you the best as well. See more

Market update Monday May 18: Last Week In Review Home loan rates remain near historic lows and have stabilized, thanks mainly to the Federal Reserve, as the central bank continues to purchase mortgage-backed securities on a daily basis. The Fed also helped rates this past week in another way, but it may have been unintentional. Fed Chairman Powell spoke last Wednesday and uttered remarks that lifted uncertainty about the economic recovery. By saying the U.S. is facing an "ex...tended period" of economic weakness, Stocks fell sharply, providing an improvement to rates. The reality is the U.S. economic recovery is likely to be gradual as states re-open at a slower pace, while consumer demand may take some time to return to more normal levels. At the same time, we should expect the Fed, Treasury, and U.S. government to do whatever it takes to help the economy through this deep, yet temporary, recession -- and revive it upon coming out of the other side of the virus. The next couple of weeks are important to see whether the unemployment rate can decline in states that are re-opening, alongside a continued decline in cases. Bottom line: Home loan rates are at all-time lows. Even all of the uncertainty and the sharp decline in Stocks could not push rates another leg lower this week. If you have an opportunity to lock a 30-year mortgage here, you should do so.

Housing starts are a good overall indicator of the economy, because if we're able to build more homes it usually means that overall our economy is strong... Although housing starts are down, at least existing home sales are still good..

If you're wondering what's going on with mortgage rates...

READ! https://www.facebook.com/kpalaniuk/posts/10100855237354730

For anyone that wants to nerd out with me on mortgage rates, the Fed, and the MBS market check out this insightful article that really sums things up and has good FAQs. and.... NO! You don't get a 0% interest rate! lol however these are the lowest I've ever seen in my professional lifetime and would bet that I don't see them get any lower than we may for the rest of this year until the election. For my clients I'm lining up when lenders re-price after the Fed buys their sched...uled amounts every day this week and trying to get things locked before the doors close again. Think if it as watching a line for the bathroom get longer and shorter and jumping in line when it's the shortest. It's the best we can do with this kind of volatility and it's really paying off for everyone that has reached out to me in the past few weeks! (Sorry if that made anyone out there need to use the bathroom). http://www.mortgagenewsdaily.com/mortgage_ra//939730.aspx