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Understanding Mortgage Rates in Raleigh: Expert Analysis and Insights from Martini Mortgage Group

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Raleigh mortgage rates have been a topic of concern for homebuyers and real estate professionals as they have drifted higher in February 2023. As February 2023 ended and March 2023 has started, the bond market has seen several days of consolidation. This has led to uncertainty about the future direction of mortgage rates, and many are wondering whether they will continue to rise or fall.

Raleigh Mortgage Market Update with Kevin Martini (video edition of Martini Factor produced 03.02.2023)

  • Consolidation occurs when the market trades within a range or trades sideways.
  • No one can predict whether the market will move up or down until there is a catalyst.
  • The Stochastic indicator is used to analyze the technical aspects of the bond market.
  • Higher bond prices lead to lower mortgage rates.
  • The Federal Reserve has a significant impact on mortgage rates.
  • Inflation and unemployment are fundamental factors that affect mortgage rates.
  • The Employment Report and CPI data are potential catalysts for mortgage rates.
  • Understanding the four stages of buyer demand can help homebuyers make the most of the current environment.

Expert Analysis and Insights by Kevin Martini

Over the last 7 trading days, the market has seen consolidation, which is when the market trades within a range or trades sideways. Until there is a catalyst, no one can predict whether the market will move up or down. However, once consolidation is broken, it may lead to a bigger move up or down. This is why the Martini Mortgage Group deploys technical analysis to help the families they serve.

From a technical perspective, we have to look at the stochastic. For Certified Mortgage Advisor and Raleigh mortgage broker Kevin Martini, the catalyst is when the stochastic goes over 20%, because that means momentum is shifting. Right now, momentum is towards the downside. To support this thesis, let’s look at October 2022 and January 2023. There was a move above 20% on the stochastic, which was the catalyst for higher bond prices. When there are higher bond prices, there is a lower yield, which means lower mortgage rates.

expert analysis and insights by raleigh mortgage broker kevin martini

Currently, there is consolidation in the market, and it is trying to form a base. From a fundamental point of view, there is not a lot of news that is going to move the market, in Kevin Martini’s opinion. There is potential for more downside based on technicals.

Where are Raleigh mortgage rates headed?

So where are Raleigh mortgage rates going? Is the bond price going to rise and cause lower Raleigh mortgage rates or are bond prices going to go lower and cause even higher Raleigh mortgage rates? The Martini Mortgage Group has two days on the radar as a catalyst. The first is March 10th when the Employment Report is released, and the second is March 14th with the release of the CPI data.

It is Kevin Martini’s opinion that these reports will improve mortgage rates, but there are no guarantees. If March 10th and 14th work out the way he predicts, it is optimistic to think we will get to the 200-day moving average, but it is possible to get to the 50-day moving average. If that happens, there will be an improvement in Raleigh mortgage rates.

Despite the current uncertainty, there is still an opportunity for homebuyers. In fact, it is an epic opportunity for a homebuyer. To maximize this opportunity, homebuyers must understand the four stages of buyer demand. These four stages are Awareness, Interest, Desire, and Action. Understanding these stages can help homebuyers make the most of the current market conditions.

martini mortgage podcast with raleigh mortgage lender kevin martini

If you are a homebuyer or if you work in the real estate community, it is essential to understand these stages. There was a great episode of the Martini Mortgage podcast, episode 173, called “4 Stages of Buyer Demand”. Perhaps a better name for this episode would be: “How homebuyers can use the 4 stages of homebuyer demand to maximize advantage”.

In closing, Raleigh mortgage rates have drifted higher in February 2023, and the bond market has seen several days of consolidation. The technicals indicate that momentum is towards the downside, but there is potential for improvement based on the upcoming Employment Report and CPI data. Homebuyers must understand the four stages of buyer demand to maximize the opportunity in the current market conditions. If you have any questions about the current state of the market or about mortgage rates in Raleigh, give Kevin Martini or his business partner and fellow mortgage strategist Logan Martini a call by dialing (919) 238-4934.

3 FAQ for Homebuyers to Know About Raleigh Mortgage Rates

Q: What is the bond market, and how does it affect mortgage rates in Raleigh?

A: The bond market is a financial marketplace where investors buy and sell bonds. Raleigh mortgage rates live in the bond market because the prices of bonds influence mortgage rates. When bond prices are high, mortgage rates are low, and vice versa.

Q: What is the Stochastic indicator, and why is it essential for analyzing the bond market?

A: The Stochastic indicator is a technical analysis tool that measures the momentum of a financial asset. It is used to analyze the bond market because it can help predict when the market is about to shift.

Q: What are the potential catalysts for Raleigh mortgage rates in March 2023?

A: The Employment Report, which is released on March 10th, and the CPI data, which is released on March 14th, are potential catalysts for Raleigh mortgage rates.

Martini Factor

Raleigh mortgage rates have drifted higher in February 2023, but the current market environment presents an epic opportunity for homebuyers. Understanding the technical and fundamental factors that affect mortgage rates can help individuals make informed decisions about their financial future. Moreover, knowing the four stages of buyer demand is critcal.

VA Funding Fee Reduction: What You Need to Know About VA Home Loans and Benefits

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Great and exciting news for veterans and active-duty service members! The Department of Veteran Affairs has recently announced a reduction in VA funding fees for home loans that are closed on or after April 7, 2023. In this article, we will cover what a VA home loan is, its benefits, and explain what the VA funding fee is.

What Is A VA Home Loan?

A VA mortgage is a home loan that is backed by the US Department of Veterans Affairs. It is an excellent option for those who qualify, as it is less risky for lenders than conventional home loans. This makes it easier to qualify for a VA home loan, and they offer several fantastic benefits.

Benefits Of A VA Home Loan

If you are eligible for a VA home loan in North Carolina or anywhere else, here are the benefits:

  • Buy a home with zero down payment. For many homebuyers, this means moving into a home immediately rather than waiting to save up for a down payment.
  • Competitive interest rates, which are typically more affordable than conventional home loans.
  • No Private Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP) required, even if you put nothing down.
  • Capped closing costs to keep them affordable.
  • The ability to refinance with a VA home loan without needing an appraisal, unless discount points are charged.

What Is The VA Funding Fee?

The VA funding fee is a charge paid to the Department of Veteran Affairs to help reduce the cost associated with administering the VA home loan benefit. The amount of the funding fee depends on whether it is the first or subsequent use, the down payment amount, and whether the service member or veteran qualifies for a waiver. The VA funding fee may be financed into the home loan.

New VA Funding Fees

Effective from April 7, 2023, the VA funding fee will be reduced for both first use and subsequent use. For down payment amounts less than 5%, the new VA funding fee percentage will be 2.15% for first use and 3.3% for subsequent use. Previously, these amounts were 2.3% and 3.6%, respectively. For down payments between 5% and 9.99%, the new VA funding fee will be 1.5%, compared to the previous amount of 1.65%. For down payments of 10% or more, the new funding fee will be 1.25%, down from the previous 1.4%.

Apply For A VA Mortgage

If you’re interested in applying for a VA mortgage, the Martini Mortgage Group can help. They can assist you in moving into a home in Raleigh or anywhere in North Carolina without making a down payment or paying for PMI, while still having a favorable interest rate. Give the Martini Mortgage Group a call at (919) 238-4934 to schedule a confidential conversation.

logan martini

Logan Martini

Senior Mortgage Strategist | NMLS 1591485

[email protected]

    kevin martini best raleigh mortgage broker

    Kevin Martini

    Certified Mortgage Advisor | NMLS 143962

    [email protected]

      Best Mortgage Broker In Raleigh, NC

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      Looking for the best mortgage broker in Raleigh, NC? Look no further than Kevin Martini.

      As a trusted and experienced Certified Mortgage Advisor and mortgage broker, Kevin Martini is dedicated to helping clients find the perfect mortgage solution for their unique needs. Whether you’re a first-time homebuyer, repeat homebuyer or a seasoned investor, Kevin Martini has the expertise and resources to guide you through the mortgage process with confidence and ease.

      Kevin Martini understand that buying a home is one of the biggest financial decisions you’ll ever make. That’s why we’re committed to providing personalized service and tailored solutions to meet your individual needs. Our team of mortgage experts has years of experience in the industry, and we pride ourselves on our ability to provide innovative solutions that help our clients achieve their goals.

      Some Of The Our Services Offered By Kevin Martini

      We offer a wide range of mortgage services to meet the needs of the families we serve, including:

      1. Mortgage Pre-Approval: We’ll help you determine how much you can afford to borrow and provide you with a pre-approval letter to give you a competitive edge when shopping for a home.
      2. Purchase Loans: We’ll help you navigate the complex world of home financing, finding the best loan options to fit your unique needs and budget.
      3. Refinance Loans: We’ll help you refinance your existing mortgage to save you money, lower your interest rate, and help you achieve your long-term financial goals.
      4. Jumbo Loans: We offer jumbo loans for clients looking to purchase high-value properties, giving you access to the financing you need to make your dream home a reality.
      5. VA Loans: We specialize in VA loans for military members and their families, offering competitive rates and flexible terms to make homeownership more accessible.

      Why Choose Kevin Martini?

      When it comes to finding the best mortgage broker in Raleigh, NC, there are plenty of options to choose from. So, why choose Kevin Martini? Here are just a few reasons:

      1. Expertise: Kevin Martini and his team of mortgage strategists have years of experience in the industry, giving them the knowledge and resources to help their clients find the best mortgage solutions for their unique needs.
      2. Personalized Service: Kevin Martini understands that every client is different. That’s why he provides personalized service and tailored solutions to meet your individual needs.
      3. Competitive Rates: He has access to a variety of lenders to offer competitive rates and flexible terms, ensuring that his clients get the best financing options available.
      4. Easy Process: Kevin Martini makes the mortgage process as simple and stress-free as possible, providing clear communication and guidance every step of the way.
      5. Reputation: With a proven track record of success and a commitment to excellence, Kevin Martini is a trusted name in the mortgage industry.

      Contact Kevin Martini Today

      If you’re looking for the best mortgage broker in Raleigh, NC, look no further than Kevin Martini. With a commitment to personalized service and tailored solutions, our team of mortgage experts is dedicated to helping you achieve your homeownership goals. Contact Kevin Martini today to learn more about our services and to get started on the path to homeownership.