The issue? He did not really know what to do. He cannot drive the car. Florida State is in town, which is a big matchup. He has to go to class, they monitor attendance and if you miss, the team runs, and then be at the field.
So, I stop what I am doing, head to Charlottesville, and take care of it. Took about 10 minutes to get the tire off, dropped it at a shop, picked it back up, and had it back on in another 5 minutes.
Going to need to be a little better teacher on some things.
At least it was a beautiful day to catch a few innings of baseball. Certainly better than the 36 degrees last Saturday.
Market Notes
The market stabilized last week, although there is still some day-to-day volatility.
War-related headlines continue to drive the market. Mortgage pricing is being influenced heavily by inflation expectations. Higher inflation typically leads to higher rates.
That said, mortgage pricing can improve when the economy shows signs of weakness. Concerns around rising oil prices and their impact on the broader economy are creating some offset to inflation expectations.
We will see how that plays out, but what is certain is that the market will be watching upcoming inflation data very closely.
The core Consumer Price Index, which measures what consumers pay for goods and services, will be released Friday, April 10. The forecast is for a slightly higher reading than last month. Let’s hope it is not too high.
Looking Ahead*
Hope you had a wonderful Easter. Please feel free to reach out if you need a quick preapproval or have any mortgage related needs.
-Steve-
*All loans are subject to credit approval and program guidelines.