LOTS of mortgage news has been rolling out this week – 50 year mortgages, portable mortgages, no FICO requirement for conventional loans – unfortunately for consumers, the news has more closely resembled tabloid stories than actual, relevant information. For consumers, it’s important to note a few things about this week’s news before we get into…

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Government Shutdown

As of midnight today, Wednesday 10/1/2025, the government has shut down. With an impasse in funding, the federal government has closed it’s doors on operations as congress works to reconcile monetary disagreements. This shutdown is the first since 2018. That shutdown was the longest in history, lasting over a month from December into January 2019.…

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Thanks to last Friday’s jobs numbers, a cut to the Federal Reserve Funds Rate is all but a certainty after the Fed’s monthly meeting later this month. As of this post, the markets are expecting a 50 basis point cut to the Fed funds rate, which will shake up financial markets, but not in ways…

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Housing Crystal Ball

Employment data was released this week in the form of the monthly ADP payroll report and the all-important BLS jobs report. For the first time in recent memory, both reports were duds. Unemployment ticked up to 4.3%, revisions to June & July reports were negative (-21,000 jobs), and a jobs market that to this point…

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