The V.A. Lady | Vol. 2 | March 2022

The V.A. Lady | Vol. 2 | March 2022

V.A. LOAN LADY

V O L . 2 | M A R C H 2 0 2 2

CONTENT S

4 LEARN ABOUT WHAT I DO

9 WE KNOW VA LOANS

11 LOVE WORKS

29 FEATURED NON-PROFIT

2 MEET DENISE 3 MOVEMENT MORTGAGE 5

MORTGAGE RATES FLUCTUATE AS ECONOMIC VOLATILITY CONTINUES 7 6 STEPS BETWEEN CONTRACT AND CLOSING 8 THE 3 C'S OF MORTGAGE UNDERWRITING 9 PURCHASE DEMAND REMAINS STRONG DESPITE RISING INTEREST RATES 13 IMPACT REPORT FOR 2021 17 INTERNATIONAL CONFLICT SPURS VOLATILITY IN MORTGAGE INTEREST RATES 19 USDA LOANS 21 THINGS TO DO IN COLORADO SPRINGS

23 SPRING HOME MAINTENANCE 25 THE MOVEMENT FOUNDATION

27 WHAT IS A MORTGAGE LOAN OFFICER?

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MEET DENISE In 2017, I was an Air Force spouse of 14 years, trying to make a few pennies crocheting and selling my wares. We were purchasing our second home near Ft. Gordon, GA, and our Loan Officer happened to be a fan of the same football team as my husband and I. We became friends, and when he decided to open up his own Mortgage branch, he pitched the idea of me becoming a loan officer. I had no experience originating loans but had experience in sales. I also had a passion for helping my own military community. From that random meeting in 2017, The VA Loan Lady was born. My passion is to help borrowers, especially those in the military community, buy homes with the knowledge of knowing what is actually happening during the transaction. I pride myself on communication and will explain something 100 times if it helps the borrower feel more comfortable during the process I am highly experienced in VA loans, as well as educating my borrowers. I have videos that help break down the process of obtaining a home loan and what to expect. I’m known for excellent communication and my empathy towards my borrowers. I’m proud that I can say my passion for helping others, especially my own military community.

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Movement was created to be different. Founded in 2008, amidst one of the biggest financial meltdowns in American history, Movement set forth on a mission to create a Movement of Change in our industry, in corporate cultures and in communities. First, we pioneered a unique approach to home loans centered around helping homebuyers, quickly and easily. Then, we created a model so that our profit creates a long-term positive impact in communities both close to home and around the globe. For our borrowers, we commit to building relationships based on communication. We get it home loans can be confusing and stressful – But they don’t have to be. And we work to make sure they aren’t. It all comes back to our mission, to love and value people in everything we do.

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LEARN ABOUT WHAT I DO

Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your Loan Officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice. As a seasoned loan officer I have the knowledge and experience you need to explore the many financing options available. Ensuring that you make the right choice for you and your family is my ultimate goal, and I am committed to providing my customers with mortgage services that exceed their expectations. I hope you’ll browse my website, check out the different loan programs Movement Mortgage has available, use my decision-making tools and calculators, and use our secure online application to get started. After you’ve applied, I’ll call you to discuss the details of your loan, or you may choose to set up an appointment with me using my online form. As always, you may contact me anytime by phone, fax, or email for personalized service and professional advice. I look forward to working with you.

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MORTGAGE RATES FLUCTUATE AS ECONOMIC VOLATILITY CONTINUES

An already volatile American economy will be further impacted in the coming weeks as Russia officially attacked Ukraine at the end of February. Dow futures plummeted by more than 800 points on the news with oil prices shooting up. A global benchmark for oil, Brent Crude, went over $100 per barrel for the first time since 2014. This only contributes to the intense inflationary pressures already being felt by the United States as the country works its way out of the COVID-19 pandemic and the Federal Reserve tries to balance out its support. The Fed’s bond purchase tapering is expected to come to a close in March with benchmark overnight lending rate increases following soon after. While the economy as a whole struggles to find its footing, the housing industry is also in flux as mortgage interest rates climb rapidly. The 10-year Treasury note yield is also regularly running near or above 2.00% after starting the month below 1.8%. The 10-year note typically runs 1-2 percentage points belowmortgage interest rates and is a good indicator to watch to figure out where rates are moving. The latest Freddie Mac 30-year fixed-rate mortgage average came in at 3.89%with most other media outlets having reported rates north of 4% for the last few weeks. The Freddie Mac average is a decline from the previous week, however as Freddie Mac’s economists note, “Even with this week’s decline, mortgage rates have increased more than a full percent over the last six months. Overall economic growth remains strong, but rising inflation is already impacting consumer sentiment, which has markedly declined in recent months.

As we enter the spring homebuying season with higher mortgage rates and continued low inventory, we expect home price growth to remain firm before cooling off later this year.” Rising rates have caused refinance volume to drop off quickly. The Mortgage Bankers Association’s >Page i Page ii Page iii Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33

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