Even though the temperatures are not reflecting it quite yet, spring is upon us and so is buying season. I know personally I am looking forward to the increase in active clients looking to buy their dream home.
As I am writing this, I am sitting in my hotel room in Las Vegas where I am attending a Momentum Builders conference. I cannot wait to come back to share a few of the nuggets of information that I have gained from 21 great leaders in our industry talking about different topics.
For example, Barry Habib of MBS Highway offered this tip. Habib was looking forward at the market and how the rate sheets will look. One of the biggest indicators of our mortgage rate sheet is the Consumer Price Index which comes out monthly. The last 12 months of the CPI number is added together and this is how the inflation rate is determined, however, the true indicator is the Core Consumer Price Index. The May 10 Fed meeting is the day the May 2022 number will drop off and stable out for the next three months.
This is awesome news looking forward to the 2023 buying season heating up. Education is such a great part of our business to share with our clients, gaining camaraderie. The energy that you can get from these things can last for several months and ultimately make yourself the best version of you in your business. I have always invested in myself by attending national and local conferences and feel this has elevated myself personally and professionally. We are getting ready for the IMA Spring Conference in Iowa City in a couple months, and I am looking forward to seeing all of you there. If you have not yet registered, please take a moment to do so. Invest in yourself!
Jen Coyle
First Branch Home Loans