The FED didn’t cut rates and some seemed surprised. Inflation is still an issue, and some seem surprised. Stagflation is now a strong possibility, but some seem surprised. The Treasury department is struggling how to continue to borrow money to feed the debt, but some seem surprised. Housing prices and rents continue to rise, but some seem surprised. Credit card debt keeps setting new records, and yet some seem surprised. Job creation keeps growing, but we have fewer full-time workers than we had prior to covid and some seem surprised. There has yet to be any ruling from the judge dealing with the NAR settlement, and yet some seem surprised. It is very important that each of us stay connected to information we can trust so we don’t get surprised!
More information that can move the market happens this morning with initial and continuing jobless claims, and Friday morning we will see the April Jobs Report, and as we have seen in the past, these numbers can make the markets move! So, pay attention this morning and Friday morning to these numbers.
I wanted to take a minute to congratulate Megan Cloud of San Antonio Texas for be recognized by Scotsman’s Guide as the #41 ranked in dollar volume in the country for female loan originators, and #15 in units closed. Far too often, women in the mortgage industry are not properly recognized for their accomplishments. I met Megan a number of years ago when my wife met her at a convention and told me that Megan could be a superstar in the industry with just a little help. Since I never argue with my wife’s opinion about people, it was important for me to speak with her and understand what her vision was for the future. I believed after speaking with her that she was selling herself short in what was possible.
While I have been fortunate to have worked with some of the top producers in this industry over the years, being part of the Megan Cloud story is a true highlight of a more than 40-year connection to mortgage and real estate! Congratulations Megan, there is so much more you can achieve, as long as you believe!
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