Kurt R. Kessler

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗕𝗿𝗼𝗸𝗲𝗿 | NMLS 365130 | [phone] [email protected] |

[Kurt R. Kessler @KurtKessler1]

U.S. home prices increased 0.6% from April to May, bringing the three-month gain to 2.1%. After adjusting for seasonal trends, however, prices were essentially flat. Even so, home values remain 1.1% higher than they were a year ago. #caseshiller #mortgagemarketnews

[Kurt R. Kessler @KurtKessler1]

Go outside, summer vacation is almost over

[Kurt R. Kessler @KurtKessler1]

Pending home sales (signed contracts on existing homes) slipped 5.4% from May to June, ending a streak of four consecutive monthly increases. All four U.S. regions posted declines. #homesales #mortgagemarketnews #mortgageintheknow

[Elon Musk @elonmusk]

🇺🇸🇺🇸 Hell yeah!! 🇺🇸🇺🇸

[Kurt R. Kessler @KurtKessler1]

With the weekend announcement of a peace agreement with Iran, the bond and interest rate markets are already responding. Combined with the upcoming Federal Reserve meeting led by new Chairman Kevin Warsh, we could see a drop in oil prices and an easing of inflationary pressures.

[Kurt R. Kessler @KurtKessler1]

Private employers added 122,000 jobs in May, slightly above forecasts. ADP also noted that hiring was more “broad-based” than in recent years. #adp #job #mbssocialshare

[Kurt R. Kessler @KurtKessler1]

Save Thousands Your First Year!

[Kurt R. Kessler @KurtKessler1]

From Gen Z to the Silent Generation, homebuyers today come from every generation. Some are buying their first home, others are moving up or downsizing, but all have one thing in common: they’re making a move that fits their life stage and financial picture.

[Kurt R. Kessler @KurtKessler1]

Get Tomorrow's Rate Today! Free Buydown!

Your Clients Save Thousands in Their First Year'

Our Free 1-0 Lender Paid Temporary Rate Buydown are creating opportunities for homebuyers to ease into homeownership with lower initial payments.

[Kurt R. Kessler @KurtKessler1]

Home prices flattish
The February Case-Shiller national home price index was flat month-over-month and up only 0.7% year-over-year - that's the slowest annual growth rate since June 2023.

[Kurt R. Kessler @KurtKessler1]

Pending Home Sales (signed contracts on existing homes) rose 1.5% from February to March, showing buyers remained active despite higher mortgage rates and signaling ongoing pent-up demand, according to the National Association of Realtors (NAR). #homesales #mortgagemarketnews

[Kurt R. Kessler @KurtKessler1]

Builder confidence fell to a 7-month low in April as rising mortgage rates, geopolitical tensions, and surging construction costs weakened demand and squeezed margins, dampening momentum in the spring housing market. #homebuilder #newconstruction

[Kurt R. Kessler @KurtKessler1]

Analyzing income for a self-employed borrower is often the most complex part of mortgage lending. . Each entity has its own rules for how income flows and how it’s taxed. For more information on the Self-Employed Solutions, go to https://t.co/YXcXlYiu8x
#SelfEmployedLoans

[Kurt R. Kessler @KurtKessler1]

March job growth came in well above expectations, with 178,000 jobs added versus the 60,000 gain that was forecast. January and February payrolls were revised slightly lower, while the unemployment rate ticked down from 4.4% to 4.3%. #bls #jobs #unemploymentrate #mbshighway

[Kurt R. Kessler @KurtKessler1]

From December to January, U.S. home values dipped 0.1% before seasonal adjustment. But after accounting for typical seasonal trends, prices actually increased by 0.2%. Overall, home prices are up 0.9% compared to this time last year. #caseshiller #mortgagemarketnews

[Kurt R. Kessler @KurtKessler1]

@jmart @GavinNewsom Did you get a chance to get any updates on his homelessness initiatives, the bullet train, or the red tape he cut so Californians can rebuild their homes after the devastating fires? Or maybe the state surplus that turned into a huge deficit? Asking for a friend.

[Kurt R. Kessler @KurtKessler1]

Prequalification and preapproval both show your buying power, but they serve different purposes. A preapproval goes further, verifying your finances and credit, giving you a clear picture of what you can afford, and showing sellers you’re a serious buyer.

[Kurt R. Kessler @KurtKessler1]

Waiting to buy a home could cost you more than you think. While you wait for rates or the ‘perfect’ market, home prices may rise, meaning lost equity you could have built by buying sooner. I’m here to help you explore your options and create a plan to secure your financial future