RBI Home Lending

NMLS#646915

[RBI Home Lending @ResiMortgageRoy]

@CoachColeman13 Congrats coach!

[RBI Home Lending @ResiMortgageRoy]

This self-employed client was turned down by their bank. Called us and we got the deal done! We specialize in finding alternative ways to "YES" when traditional lenders say no!

[RBI Home Lending @ResiMortgageRoy]

@HomeLoanBill I can relate!

[RBI Home Lending @ResiMortgageRoy]

@WadeRobbie1969 @zack_cozart Well said Robbie!

[RBI Home Lending @ResiMortgageRoy]

@FloridaHomeChic Spot on! It seems like there's no "mid-tier" realtors. There's some great realtors...then a big drop off. Lack of professionalism, work ethic, and overall competency.

[RBI Home Lending @ResiMortgageRoy]

https://t.co/OaspuFbQ9Y

[RBI Home Lending @ResiMortgageRoy]

Working with an experienced local lender can help you avoid last minute "unpleasant" surprises. Our clients get to see final numbers and relax knowing all will be ok.

[RBI Home Lending @ResiMortgageRoy]

Great option for a rental property purchase or refinance. We just helped a client go from loan application to closing in 22 days!

[RBI Home Lending @ResiMortgageRoy]

@SeverinoMLB Another bad call by the Marlins/Bally's Sports. Thank you everything Paul. Wishing you much continued success with your next chapter!

[RBI Home Lending @ResiMortgageRoy]

@realEstateTrent Great take...agree that way to many people play the short game ALL THE TIME!

[RBI Home Lending @ResiMortgageRoy]

@OcrazioCornPop Don't let the hit on the way out!

[Nick Gerli @nickgerli1]

Pretty concerning how low homebuyer demand is right now.

Mortgage apps to buy a house are down 45% from pre-pandemic levels.

Languishing at lowest level in 30 years.

And now mortgage rates are spiking again.

[Rob Schmitt @SchmittNYC]

Can Trump start now since we don’t have a President?

[Jon Overfelt NMLS 118381 ASMC NMLS 40561 @JoverfeltASMC]

WHATS DRIVING MORTGAGE RATES UP TODAY?

With the Republicans sweeping the Presidency, Senate, and most likely the House, there are fears of increased inflation, driving interest rates upwards.

If implemented, Trump’s plans to reduce taxes and impose tariffs are perceived to contribute to higher inflation.

Today is the first day of the Federal Reserve’s FOMC meeting. Tomorrow at 2:00 PM, their decision on the Fed Funds rate and policy comments will be released, followed by Chair Powell’s press conference at 2:30 PM.

Markets fully anticipate a 25 bp rate cut built into rates today; however, there is more uncertainty about the future path of Fed Funds rate cuts.
Only 66% of market participants expect a Fed Funds cut on December 18th (graph).

Thursday also brings the normal weekly Initial Jobless Claims report.

The 10-year Treasury yield has increased to 4.46%.