Markets & Mortgages

SUMMARY: Inflation data came in as expected but the increases are worrying economists and wha that could mean for future rats cuts.  Wilmington's housing market continues to show signs of a slowdownDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Rates rose for the second straight week as President Trump announced new tariffs and ramped up his attacks on Fed Chair Jerome Powell.  It's a big week for data as markets prepare for CPI, PPI, and retail sales.  DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: A hotter-than-expected jobs report pushes up rates, after two busy weeks it's a slow week for economic data, and New Hanover County Commissioner Dane Scalise joins the program to discuss....8:35 Property tax debate17:55 Core services (needs vs wants)20:15 Road confusion23:10 Property tax rate hikes impact everyone25:17 The Endowment's role29:20 The balance of development & protecting the community35:50 The importance of green space 40:20 Downtown is ripe for more development46:00 How reducing red tape can help with affordable housingDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Mortgage rates rise on a strong job openings report, Powell's comments on a July rate cut, and the passage of Trump's Big Beautiful Bill.  Private payrolls see the first decline since March 2023 in June and rents in Wilmington fall for the 26th straight month but that could be coming to an end in July...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Busy day in Washington as the Senate votes on Trump's Big Beautiful Bill, Senator Thom Tillis announces his retirement on Sunday, President Trump goes on another rant about Jerome Powell, it's a short jobs week, and housing affordability worsens in Wilmington in the second quarter...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Rates fell this week as the economy retraced more in the first quarter than orignally thought, PCE comes in slightly hotter than expected but personal income was a big miss, new home sales plummet in May, and pending home sales give some hope for a better housing market than last year...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Rates fall slightly to start the week thanks to optimism from the Federal Reserve that we could see a rate cut sooner rather than later, consumer confidence dissapoints in June, and Wilmington's housing market shows signs of slowing...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: A rare busy Monday show as we break down the impact the US attacking Iran will have on markets, the Trump administration's pressure campaign on Powell, and the busy week ahead for inflation and housing data.  Heather Ashworth, Broker at Nest Realty, joined the program to discuss the impact one year later from the NAR lawsuit, whether it's a buyer or seller's market, how the market has changed from the hot COVID housing market, the importance of your house being turn-key ready when you list, the changing trends in homes, and why monthly payment has become buyers top priority.DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The Fed announced they were holding rates steady for the fourth consecutive meeting as they wait to see the impact tariffs could have on the economy...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: It is not a great 2025 for homebuilders in the South as confidence falls to the lowest level since 2012 and building permits fall to the lowest level since 2022, disappointing retail sales push rates down so far this week, and all eyes turn to Washington for the Fed rate decision, economic projections, and Powell's presser...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY:  Housing inventory in Wilmington jumps to a 6-year high as the market slows after a slight jump in Spring, bond marketss continue to act wierd, and it's Fed week! DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: After a contenious budget workshop, New Hanover County Comissioners voted 3-2 to lower the property tax rate to 30.6 cents, down from the current 45 cents, but will still be a 5% increaese in property tax bills.  It was a good week for bond rates despite a slight uptick after Israel attacked Iran Thursday night.  Two good inflation reports (CPI & PPI) and two solid bond auctions (10YR & 30Y) caused a slight bond rally this week, pushing down rates. DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: David Benford, team lead for the David Benford Group, stops by the show to talk about how he got started in real estate, the impact of the NAR lawsuit, the current slowdown in the housing market, how the luxury market differs from the mid-range market, and what he sees happening for housing in the future.  Tyler also breaks down what happened to rates last week and the big week ahead for inflation and some big bond auctions.DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: A weak private payrolls gets markets moving and the President tweeting.  Mortgage rates were basically unchanged halfway through jobs week, job openings were higher than expected but quits showed signs of cooling, manufacturing fell for the fourth month, and it's the battle of the budgets here in the Cape Fear region...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Tyler announces the news that he is a full-time Loan Officer at TowneBank Mortgage!  It's also jobs week after a positive week for rates, thanks to Japan, tariff pauses, and a positive inflation report.  Also, rent in Wilmington holds steady for the second consecutive month... DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Japan's possible pullback on long-term bond issuance helps push down US bond yields, consumer confidence unexpectedly rises in May, and building permits fall slightly in Wilmington but remain strong...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Trump announces tariffs on the EU just because, rates rise after a bad 20-year auction, Trump floats the idea of taking Fannie & Freddie out of conservatorship, and exiting-home sales hold in the South during the spring buying season...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: New Hanover County is likely to raise property taxes for the next fiscal year, GOP infighting keeps budget bill in limbo, and Ray Dalio says treasury risk is worse than Moody's and others argue...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Bonds sell off thanks to Moody's downgrading US debt from AAA to AA1, Residential construction is mixed in the South in April, and it looks like a toll might be the only option for the Cape Fear Memorial Bridge replacement...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Rates rise despite a solid inflation that showed price growth slowing to a 4-year low and despite seeing more revenue from tariffs the budget deficit continues to outpace last years spending...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: An announced US-China trade agreement to lower tariffs caused a big sell-off of bonds as investors rushed to equities, Wilmington home price growth slowed in the first quarter, and this week its all about US consumers ...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The Federal Reserve held rates and Chairman Jerome Powell says the future is uncertain but the Fed is prepared to move if needed...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Housing inventory in Wilmington hits a 5-year high, rates hold for the first two trading days as markets prepare for today's Fed decision, and the US trade deficit surged in March... DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Bond yields fall to start the week thanks to weak consumer confidence, a cooling labor market, and a negative GDP print, all to start the week.  Also noteworthy, President Trump was slightly critical of the job performance of Jerome Powell at his 100-Day rally last night and Wilmington's unemployment rate falls for the second straight month.DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Wilmington's housing market heats up in March, President Trump says he's not worried about the bond market and there's no red line on tariffs, consumer sentiment falls pushing down rates ahead of a busy week for data...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: President Donald Trump reassures markets that he won't fire Jerome Powell and that Chinese tariffs will be lowered, the IMF lowers projections for US and global growth, and the scary part of this economic downturnDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: President Trump attacks Federal Reserve Chairman Jerome Powell but stops short of calling for him to resign, housing starts plummet in the South but there is still some optimism, and almost a quarter of Americans are scrapping plans to buy a home because of tariffs...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: A sell-off in equities and in bonds has some wondering if the bond market is broken, a horrible consumer survey causes rates to climb, and this week it is all about housing construction...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: President Trump will make his tariff decision public at 4:00 PM, the manufacturing sector contracts ahead of the tariff decision, job openings fall slightly more than expected, and Wilmington rents are down for the 23rd consecutive month...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Wilmington was the 7th fastest growing metro area since 2020, consumer confidence fell to a four-year low, durable goods orders unexpectedly rose, and new home sales in the south rose to the second highest level in the last 10 months...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Existing home sales have jumped to the second highest level in the last year, Trump has shaken up Fannie & Freddie, and markets are preparing for consumer and inflation data.DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: It is a Fed Day and while the rate decision might not matter the forward guidance definitely will, housing starts skyrocket in February while homebuilder confidence falls in March as tariff uncertainty hits home builders, and retail sales fall as consumer pullback spending because of higher pricesDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The housing market is still 3.8 million homes underbuilt despite a building boom in some areas, consumer prices growth is slower than expected, and job openings unexpectedly rose in January.  DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY:  Markets in the red again over fears of an economic slowdown, Fed Chair Jerome Powell says the economy is strong and is in a wait & see mode to determine future monetary policy, February's jobs report is slightly dissapointing, and this week it is all about inflation...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Home buying is still a difficult endeavor in New Hanover County despite a slight improvement, higher prices appear to be impacting consumer spending, and it is jobs week!GO DEEPER:New Hanover County is the 18th Worst Place to Buy a Home in the CountryInflation, Once Again, Impacting ConsumersIt's Jobs WeekDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Bond yields are down 50 basis points in one month as uncertainty about the economy pushes consumer confidence down, home price growth in Wilmington outperforms the state and region, and the property tax rate debate begins in New Hanover County...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Housing starts plummet in the South to start 2025 while homebuilder confidence holds steady, government layoffs hit the mortgage industry, and New Hanover County home price increases are about to impact property taxes...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Retail sales plummet which is good news for rates, Goldfarb explains how Trump could bring down rates, a home lists for almost $13 million in New Hanover County, and this week we have housing data & global inflation...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The first inflation report of 2025 has pricing rising more than expected which caused bind yields to jump, consumer inflation expectations show a mixed picture to start the new year, and home prices in Wilmington hit an all-time high to end the fourth quarter of 2024...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: While the economy created fewer jobs than economists expected in January wages jumped more than expected causing inflation concerns to rise, Scott Bessent explains how the Trump administration plans to reduce the term premium that is causing longer-term debt yields to rise, and markets prepare for inflation data and Powell testifying in front long congress this week...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Private payrolls rise more than expected, job openings fall more than expected, the manufacturing industry expands for the first time in 26 months, and Wilmington home prices rise for the first time since May of last year...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Trump enacts 25% tariffs on Mexico & Canada, prices rise as expected in December, and it's jobs week!DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The Federal Open Market Committee makes its first decision in 2025, the economy shows signs of slowing to start the new year, and new home sales in the south fall slightly to close out 2024...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: AI stocks pull the equity markets down along with bond yields, homeowners insurance rates to rise by double digits the next two years, existing-home sales in the South rise to a 10-month high, and its a busy week with the first Fed decision of 2025...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: While consumer prices did rise by more than expected in December, core inflation slowed more than expected which gave some home that inflation might still be under control, PPI was better than expected in December, and the US government is over $700B in the hole after just three months...LINKS:CNBC: Core inflation rate slows to 3.2% in December, less than expectedREUTERS: US inflation still slowing as producer prices rise below expectations in DecemberCBO: Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 TrillionDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The economy ended 2024 hotter than expected as the labor market added 256,000 jobs in December on expectations of just 160,000 jobs, the 10-year jumped to 14-year highs after the hotter jobs report and continues to rise on Monday, and this week it is all about consumers with inflation data and retail sales...LINKS:REUTERS: US labor market exits 2024 with strong job gains, drop in unemployment rateCNBC: 10-year Treasury yield touches fresh 14-month highMARKETWATCH: It's all about consumers this week with inflation and retail dataDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: A bad week for rates as the 10-year yield continues to climb, mortgage demand falls to a 30-year low, job openings unexpectedly rise, jobless claims fall, private payrolls rise by less than expected, and rents in Wilmington fall to a 20-month low...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Wilmington was the number one place to move in 2024 the third time it topped the list in the last five years, Wilmington's unemployment rises slightly in November, and it's jobs week!LINKS:Wilmington is the Top Place to Move for the 3rd Time in the Last 5 YearsWilmington's Unemployment Rate Rises to 3.0% in NovemberThis Week: Finals Jobs Week of 2024DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Big week for central banks as they will make their final decision on interest rates, survey finds support for Trump's economic policies, Softbank announces a $100 billion investment in US, and NAR picks the top housing markets for 2025...LINKSWSJ: The Fed's Game Plan on Interest-Rate Cuts Keeps ShiftingTHIS WEEK: Central BanksCNBC: Softbank CEO and Trump to announce $100 billion investment in U.S. by firmPREDICTION: Housing Hot Spots in 2025DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Inflation in the Euro Area rises in October, home construction in the South falls across the board, and President Trump picks Howard Lutnick for his Commerce Secretary.  SHOW LINKS:Inflation Rises in the Euro Area in OctoberTrump Selects Lutnick to Head Commerce DepartmentResidential Construction Down Across the Board in the SouthDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY:  Homebuilder confidence falls in the South despite a rise nationally and as the official results for election 2024 are announced in New Hanover County two fourth-place finishers are calling for a recount...SHOW NOTES:Homebuilder Confidence Falls in the South Despite National RiseOn Second Thought, How About a RecountDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201