Ep. 111 - Down Payment Assistance, Faster Closings, and Move-Up Strategy | November Lending Update

In this episode, Daniel Halvorsen joins Quinton Harris to discuss the latest in mortgage lending. Topics covered include the return of Florida's Hometown Heroes down payment assistance program, Bank of England Mortgage's new instant loan funding process at closing, strategies to help move-up buyers get new mortgages in today's environment, analysis of recent jobs reports and what they could mean for future interest rate trends, and a look at the latest inflation data. Quinton and Daniel provide thoughtful analysis on the mortgage and economic data while also clarifying their perspectives on things like job growth and wage inflation.

[00:00 - 02:30] - Hometown Heroes Down Payment Funds Return to Florida

[02:31 - 04:53] - Bank of England's New Instant Loan Funding at Closing

[04:54 - 08:29] - Strategies to Help Move-Up Buyers Get Mortgages

[08:30 - 19:57] - Analysis of Jobs Reports and Interest Rate Outlook

[19:58 - 25:18] - Analysis on the Softening Job Market

[25:19 - 32:29] - Latest Inflation Data and Impact on Rates

Key Quote:

"The Feds are trying to inject as much calm into the market as possible with their commentary without giving reason for optimism.” - Daniel Halvorsen

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