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Posted On Friday, 26 April 2024 11:38
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-- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.17 percent.

“Mortgage rates continued rising this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite rates increasing more than half a percent since the first week of the year, purchase demand remains steady. With rates staying higher for longer, many homebuyers are adjusting, as evidenced by this week’s report that sales of newly built homes saw the biggest increase since December 2022.”

News Facts

  • The 30-year FRM averaged 7.17 percent as of April 25, 2024, up from last week when it averaged 7.10 percent. A year ago at this time, the 30-year FRM averaged 6.43 percent.
  • The 15-year FRM averaged 6.44 percent, up from last week when it averaged 6.39 percent. A year ago at this time, the 15-year FRM averaged 5.71 percent.

The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website

Posted On Friday, 26 April 2024 07:08 Written by
Posted On Thursday, 25 April 2024 14:18

Imagine starting a multimillion-dollar company only to have it crumble due to cybercrime. This isn’t a plot from a thriller movie—it’s a harsh reality many face. Cyber threats are increasingly sophisticated, leveraging the very tools meant to simplify our lives to exploit vulnerabilities. From phishing scams that mimic trusted contacts to ransomware attacks that can shut down entire supply chains, no one is immune.

The weaponization of artificial intelligence presents a particularly alarming trend. AI can accelerate the rate of attacks, automate malicious activities, and craft deceptive content that can fool even the most vigilant among us. This evolution demands that we not only stay updated with the latest in cybersecurity but also engage actively in educating everyone within our spheres of influence.

In our rapidly evolving digital age, the importance of robust cybersecurity measures cannot be overstated. Join me live on April 30th when I sit down with John Sileo, who will share his personal encounters with cybercrime. Our discussion will shed light on the stark reality of digital dangers, underscoring the profound impact that cyber attacks can have on our lives.

Cybersecurity is not just about fending off attacks; it’s about fostering a culture of awareness and preparedness. Training and continuous education can transform the way we tackle cybersecurity, moving from reactive measures to proactive strategies. 

For businesses, regular security training and an up-to-date understanding of AI’s role in cybersecurity are indispensable along with many other insights and steps we will share. For individuals, we will share simple tips that can significantly reduce risk.

Remember, cybersecurity is a continuous journey. It requires vigilance, education, and the right tools to defend against evolving threats. Join my Anticipatory Leader Membership this month to delve deeper into this discussions and equip yourself with the knowledge to protect your digital landscape. 

Together, let’s anticipate change and secure our future. For more insights and to join us for this month’s episode with John, consider joining my  membership community where experts converge to empower and educate on navigating today’s complex technological landscape.


Posted On Monday, 29 April 2024 00:00 Written by

One of the key components of coaching is to be sure that my clients are well scheduled and prepared for things they know are coming. Planning for summer is often overlooked but can make a huge difference in your business. You need to look and prepare for events that are going to take place so you can choose to be prepared for them and make them productive for you! Here are the seven things I think everyone in our industry should be prepared for:

1.  Mother’s Day in May
2.  Memorial Day in May
3.  End of your local school year
4.  Father’s Day in June
5.  4th of July
6.  Your personal and team’s summer schedule

Not all of these are going to be important to everyone in every location. Some have more significance to some people than others. Only you can determine the importance of any or all of these events, but you do need to be aware of all of them and plan accordingly.

While some of these are specific events, they also can create time stamps for specific actions to take place. For example, Mother’s Day can make us think about if we may become caregivers or if our clients may need to think about having mom or dad move in with them? Maybe downsizing mom to a smaller house or possibly using a reverse mortgage to help with financial pressures? There are all kinds of connections that can be made if you are aware of them and plan accordingly.

My big two are the end of school and preparing for vacations! The end of the school year and vacations are natural triggers for action and opportunity! Trading up or down can often need to take place while the kids are out of school! Vacations often take time away from those we work with, for, and those we serve! All can become a huge challenge if we aren’t prepared for it!

Today we have GDP numbers and initial and continuing jobless claims; and Friday we have PCE numbers, all can be market movers so be prepared! If you have questions or comments: This email address is being protected from spambots. You need JavaScript enabled to view it.

Posted On Tuesday, 30 April 2024 00:00 Written by
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