Mortgage Blog

It's very interesting to read Yhaoo News everyday.
On yesterday's news, the Dec Retail was good, and
the job hiring was strong. And on today's news,
Dec Retail sales were weak and Jobless Claims are up.

We all know that Dec Sales were up, but the revenues
are down. The reason is: the retailers competed each
other to sell everything cheap.

I got emails everyday from those retailers for 50% off
or 75% off. And I also purchased some items this holiday
season, just because they are cheap. You can not not
resist the temptation for those shoes for $50 when they
were $125 at the regular price.

Same as my business model, my loan volumes
are 3-4 times of a good loan loan agent.
But my revenue maybe about the same because
of my low profit margin and good interest rates.

For the job market, we all know that the private sector
is creating jobs. It's kinda easy to get jobs in the
bay area now. And we also expect that the retailer will
let some temp helpers go after the holiday season. Even
for the mortgage industry, some processors and/or
underwriters will let go if the interest rate not
improve in the next a few months.

So it's very natural to see the job growth, and
the unemployment rate may still go up. And we will have
a volatile market when we have those bad/good news game
everyday.