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<\/figure>\n\n\n\nIt definitely can make a huge difference who a customer uses for their mortgage. Not only do we close a lot of loans other lenders can\u2019t do, but we also get the best terms for our customers. It\u2019s important that loan officers have a good understanding of the markets, so they can effectively advise their customers.<\/p>\n\n\n\n
Inflation in 3’s as Predicted<\/u><\/strong><\/p>\n\n\n\n This morning, the PCE inflation report showed inflation in the 3\u2019s for the first time in 2 years<\/a>:<\/p>\n\n\n\n <\/a><\/p>\n\n\n\n Per my latest video analyzing inflation and money supply with the help of ChatGPT\u2019s Code Interpreter<\/a>, I expect the June CPI report, out on July 12, to show inflation in the lower 3\u2019s (with a chance of being in the upper 2\u2019s, where the annualized inflation rate has been the last 11 months), not too far from the Fed\u2019s 2% target. After that, the Fed will have much less reason to raise the overnight lending rate again, even though they\u2019ve been telling everyone they plan to hike 2 more times, managing consumer inflation expectations.<\/p>\n\n\n\n In the video I posted right after the December CPI report<\/a> showed CPI at 6.5%, after some analysis of the half-year CPI % changes, I said, \u201cWe may even see inflation in the 3\u2019s by midyear, blowing away everyone\u2019s expectations.\u201d Consider a lot of minds to be blown\u2026<\/p>\n\n\n\n <\/a><\/p>\n\n\n\n Look for the June CPI report to confirm inflation in the 3\u2019s, and much less fearmongering about high inflation among talking heads.<\/p>\n\n\n\n Higher AMI for Special Mortgage Programs<\/u><\/strong><\/p>\n\n\n\n We just closed a loan taking advantage of the new, higher AMI level to get the added points for credit score and lower down payment waived, saving them thousands of dollars, and allowing us to close on a purchase at a 60% higher price than their previous lender pre-approved them for. Make sure the loan officers you work with understand how to take advantage of the special programs for limited income buyers to save a lot of money and qualify for more.<\/p>\n\n\n\n The new AMI level for Honolulu county is $121,400, with $97,120 the limit for HomeReady and Home Possible mortgages. These much higher limits mean a lot more buyers can qualify to save a lot of money and have a lot more buying power with the various special programs available \u2013 if their loan officer knows how to take advantage of them.<\/p>\n\n\n\n June Feature Article in Real Producers<\/u><\/strong><\/p>\n\n\n\n This month\u2019s issue of Real Producers magazine has a feature article on Infinite Financial and me, which you can see in flipbook format here, along with our new ad: Real_Producers_Article_with_ad<\/a> . We\u2019re honored to have been the first lender in Hawaii signed up by Real Producers, and to get our second feature article. Thanks to Bryn Kaufman, Mark Young, and Caron B Davis for providing nice review comments. You should see the magazine in your real estate office.<\/p>\n\n\n\n Professional Collaboration Conference \u2013 Super Saturday, July 15<\/u><\/strong><\/p>\n\n\n\n For those interested in collaborating with some awesome professionals to offer additional services to your clients and create an extra stream of revenue, see the below flier and scan the QR code to register for the conference on Saturday, July 15 at 11am at the Ala Moana Hotel Plumeria Room. I hope to see you there!<\/p>\n\n\n\n By Duncan Hsia of Infinite Financial Part of a good mortgage broker\u2019s job is getting a customer the lowest interest rate they can get. The other day, we went to the housewarming\/baby shower for a customer, and he told me he was thankful he was able to get a rate in the 3\u2019s, now that … Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-805","post","type-post","status-publish","format-standard","hentry","category-buying-a-home"],"_links":{"self":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/comments?post=805"}],"version-history":[{"count":5,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/805\/revisions"}],"predecessor-version":[{"id":834,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/posts\/805\/revisions\/834"}],"wp:attachment":[{"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/media?parent=805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/categories?post=805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oahure.com\/oahu-real-estate\/wp-json\/wp\/v2\/tags?post=805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/oahure.com\/oahu-real-estate\/wp-content\/uploads\/2023\/07\/unnamed-3.png\")
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