MMG Weekly Recap 8/27/20

by Bill Bodnar, on August 27, 2020 at 12:48 PM

Mortgage Market Guide's recap of what happened this week and why.
The Fed announced a major policy shift as it relates to their dual mandate of promoting maximum employment and maintaining price stability. This new "average" of 2% for inflation means no rate hikes for years, but if inflation rises like the Fed wants, today's mortgage rates will be in the rear-view mirror. There is also a screaming opportunity today for would-be homeowners if inflation does rise.
Next week brings the Jobs Report as 16 million people currently remain unemployed.
Find out how this may impact you, your borrowers, and your partners in this week's video recap:
MMG Weekly Recap 27AUG20


Mortgage Market Guide members receive an extended version of this video that includes pipeline management strategies and lock/float recommendations.

To get access to this critical information and position yourself as the go-to market pro in your area, sign up for a free 14-day membership of MMG today when you click here!

Topics:Market analysisMortgage Market GuideMMGmortgageMortgage TechnologyRetail LendingJobs ReportMMG Weekly RecapMarket IntelligenceMortgage RatesUnemploymentcoronavirus


About the Blog

Subscribe now to keep up to date on the current state of the market. Always know how to advise your clients and partners.

Subscribe to Updates