Welcome to this week’s Mortgage Porter Weekly update! In this video, I cover last week’s labor market data, where mortgage rates stand according to the Optimal Blue index, the economic reports to watch this week, and a look at where mortgage-backed securities are trading this morning. Plus, this week’s spotlight is for anyone who’s been turned down for a mortgage – don’t give up!
Mortgage Porter Weekly: Cooling Job Market, Rates Slightly Improved, Inflation Data Ahead
Mortgage Adoption: No Refinance Required
Where did your loan officer go?
A lot of loan officers have left the business over the past couple of years. Volume dried up, commissions followed, and many originators either changed careers or moved to a different lender without telling their old client base. Others are still licensed and technically “in business,” but they’ve gone quiet — waiting for rates to drop far enough to trigger a refi boom before they pick up the phone again. [Read more…]





