317 Fishers Indy Homes for Sale/ Rent

06/26/2025

U.S. Treasuries are extending their rally this morning following weaker-than-expected U.S. economic data, which has reinforced expectations for multiple Fed rate cuts this year. Consumer spending was also revised lower, the weakest pace since Q2 2020, signaling growing pressure on households. The financial markets are now pricing in faster and deeper interest rate cuts beginning as early as September. (Bloomberg) 6/26/2025 Mortgage rates often drop prior to the Federal Reserve Board’s announcement, so if you’re looking to refinance or get pre-approved to buy a home, I’m happy to assist. 😊 rate.com/JohnLerose NMLS # 225701

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06/05/2025

GREAT NEWS FOR HOME BUYERS: the inventory of homes for sale is now the highest in 5 years. Price growth has slowed making it a good time to buy a home. Interest rates are expected to drop as the year marches on.....need a pre-approval to buy?
#225701 NMLS, rate.com/johnlerose

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10/27/2024

Congrats to my mortgage client Marianna. Cleared to close in only 6 days!

NMLS #225701

10/18/2024

Congrats to my client Bill. Cleared to close in just 8 days. Need a fast working mortgage lender?

10/17/2024

Five months of generally falling mortgage rates earlier this year resulted in a boost in buying power of more than $40,000 for home shoppers, according to Zillow’s Housing Market Report for September. Need a mortgage pre-approval to purchase? NMLS # 225701

09/30/2024

12 Closings in September. Congrats to the families who purchased or refinanced. Happy to help whomever I can! NMLS #225701

09/26/2024

Refinance applications jumped the last couple of weeks fueled by the wake of downward sliding mortgage interest rates, which according to Freddie Mac fell to their lowest level since 2022. - Scottsman Guide 9/26/2024. Questions? Hit me. NMLS #225701

09/06/2024

The much anticipated employment report whiffs! The Change in nonfarm payrolls came in at just 142k, well under the consensus estimate of 165k. NFP also received downward revisions to last month’s report, revising down July gains to just 89k vs the 114k previously reported. Private Payrolls missed as well, coming in at 118k versus 140k estimate. Manufacturing job growth dipped further in to negative territory losing -24k jobs vs the estimate of -2k. The headline unemployment rate remained the same at 4.2%, while avg hourly earnings rose to .4% MoM vs the estimate of .3%. Overall, a big miss that confirms growing weakness in the labor market and suggests the Fed is behind the curve. The yield on the 10yr note is in a bit of a freefall here, currently at 3.68%. Fed Futures haven’t changed much, but we believe a 50bps cut this month is in play – perhaps the markets need a little more time to digest this morning’s data….J. Collette, Capital Markets ….Another interesting stat, the labor “participation rate” is lower than pre-covid.

08/23/2024

8/23/2024 Fed Chair remarks on interest rates: “The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.” “We will do everything we can to support a strong labor market as we make further progress toward price stability.” The dovish flip is complete. Fed Chief Jerome Powell’s comments from Jackson Hole earlier, confirming the Fed is full go on a September rate cut. It appears this week’s BLS revision to nonfarm payrolls, a revision that removed 818,000 previously reported job gains (nearly 30%), was the iceberg that finally sunk the USS Transitory. Markets are reacting as expected with treasury yields falling hard and equity markets rallying across the globe.- J. Collett, Capital Markets

08/22/2024

Congrats to Katelyn!
Cleared to close in only
4 days WITH an appraisal!

08/19/2024

Looks like mortgage rates are falling right along with gas prices. Finance your mortgage with me and it will SMOOTH sailing!

08/15/2024

Latest CPI report on trend for September rate cut — the question is, how big? Annual inflation dips below 3% for first time in three years! – Scottsman Guide 8/15/2024