The jobs report has been making waves, with 303,000 new jobs added. Fed's mandate isn't just about job creation but a balance between inflation, price stability, and full employment.   Fed's moderate long-term interest rate mandate is at 2.5% of our GDP. It's a balancing act like no other, and the stakes couldn't be higher. Cathie Wood expects by 2050, net interest could soar to a jaw-dropping 6% of our GDP. That is not sustainable! Wage inflation dropped from 4.3% to 4.1% year-over-year and month-over-month. Stay up-to-date on all the latest news, updates, and exclusive content by fo ..read more

The Fed's mission is to stay "data-dependent" has us all glued to our screens, and analyzing its every move. The Fed's every decision impacts our businesses, from investment strategies to staffing levels and beyond. We are witnessing manufacturing data expansion numbers, signs that are all pointing toward growth. Inflation, job market, interest rates, and more hold the key to our business success in the coming months. GDP figures paint a picture of resilience, the stage is set for a dynamic second quarter. Listen, follow, and stay informed. Stay up-to-date on all the latest news, updates ..read more

AI is revolutionizing productivity in our industry. Mortgage Collaborative? It's like a powerhouse of independent mortgage bankers, credit unions, and banks all vibing together to revolutionize the industry. VA handbooks and realtor commissions had a change from NAR settlements for our veterans. We've got some major economic revelations headed our way with the Personal Consumption Expenditure announcement. It's not just about inflation, folks—it's about navigating a complex economic landscape. Insider info on IPOs, AI breakthroughs, and the next big tech rendezvous at the Mortgage Innovat ..read more

Industry giant ICE acquired Black Knight, creating a data and software powerhouse. Remember when you had to choose between fast, good, or cheap? Well, not anymore. Now, it's all about getting the best of everything at once. Software is boosting our productivity like never before. This productivity surge is shaking things up in the job market. Despite worries about wages going up, turns out productivity is keeping things steady. Get an edge with AI in your business. Technology is making everything easier and faster, from big offices to small shops. Think AI is stealing your job?  Not ..read more

The jobs report is confusing! Strong headline numbers masked revisions that point to a weakening labor market. Is this a growth scare for the economy? This could mean lower mortgage rates. Is the US economy hitting the brakes? Three major cities – St. Louis, New York, and Atlanta – are all saying the economy grew slower than expected this quarter. That's a big deal for the Fed who sets interest rates. Did they raise them too much, slowing things down? Did inflation peak in January, or is it still on the rise? Get your questions answered by listening and subscribing to KP Talks. Stay up ..read more

Credit card debt hit a record high, jumping 4% in Q3 of 2023! But the good news is it's an opportunity for us. Our smart refinancing and home equity plans can offer cash to those who need it. Good news for homeowners. The equity in your home can be your secret weapon against debt. Who showed up on Super Tuesday? Will a third-party candidate shake things up? Will the government shut down again? Who knows! Big job market report! What does it mean for us? We'll see how many jobs are open - are there enough to go around? The number of people quitting their jobs (the "quit rate") tells us how ..read more

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NVIDIA's Q4 forecast is out of this world: 415% growth and $20 billion in revenue. How do they do it? Well, it's all about their expertise in semiconductors, chips, and top-notch software. AI is booming, and NVIDIA is right at the center of it all. From businesses to everyday tasks, automation, and productivity are on the rise. In other news, Goldman Sachs just made a big prediction. They predict the first cut won't happen until May. It all boils down to the Fed's promises. They promised 75 basis points of cuts this year, and I trust them to deliver. The Fed loves dropping hints. This we ..read more

Brace yourself for a headline number that might hit 2.9! But wait, there's a twist! The core, excluding food and energy, could spike to a whopping 3.6! ? It's like watching a gripping drama unfold in real-time! We're swapping out last year's chilly January figures for this year's sizzling stats, promising some intriguing comparisons. But here's the burning question: will it send shockwaves through the market? Don't get blindsided, know your inflation numbers. Debt's on the rise, and it's got experts chirping. FHA delinquency rates just skyrocketed to 10.8%! Consumer debt is climbing, b ..read more

Non-banks dominate Ginnie Mae! That's right, according to the latest Mortgage Bankers Association's (MBA) Chart of the Week, independent lenders like us are leading the way in government-backed lending! Ginnie Mae deals with government loans like FHA, VA, and USDA, and we're here for the underserved, tackling the tough credit situations. Ever wondered where money flows when stocks hit their peak? When it seems like the stock market's tapped out, many folks start eyeing bonds. Why? Because they offer a solid 4.5% or 5% gain over the next year or two. Fun fact: Did you know that the period ..read more