Market Minute
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Each week, Michael Metz delivers the "Market Minute," offering insights and updates on the latest mortgage news. Michael has been with VIP Mortgage since 2010, contributing to the company’s growth from a team of 60 to a thriving organization.
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Michael is passionate about collaboration, continuous learning, and process improvement, always seeking innovative solutions by exploring diverse perspectives.
For the week ending February 21st, Michael Metz reviews updates from the Fed, CFPB and OMB, DOGE and HUD, and SPCPs.
For the week ending February 14th, Michael Metz does his best to summarize a busy week for the Fed, reports, forecasts, the CFPB and agencies.
For the week ending February 7th, Michael Metz reviews a busy week of ups and downs, starts and stops, and government updates..
For the week ending January 31st, Michael Metz reviews a packed week’s economic reports and several trade group’s 2024 reports with a dive into the NAHB build study.
For the week ending January 24th, Michael Metz reviews market updates, condenses news from FHFA, executive orders, and the CFPB.
For the week ending January 17th, Michael Metz reviews the news, rate, and application movement and studies how many have left the industry.
For the week ending January 10th, Michael Metz reviews jobs and rate cut forecasts, CFPB enforcements against credit agencies, and the Los Angeles insurance situation. Reach out to him at mmetz@vipmtginc.com if you’re in LA and want to road trip to Phoenix for a temporary place to work or stay. Pets welcome.
For the week ending January 3rd, Michael Metz reviews a light news week and focuses on 2025 expectations for Fannie and Freddie.
For the week ending December 27th, Michael Metz recaps the week’s updates and the year’s market progress.
For the week ending December 20th, Michael Metz presents The Week Before Christmas: Mortgage Edition.
For the week ending December 13th, Michael Metz reviews temporarily calm market, the upcoming Fed rate cut, and agency updates.
For the week ending December 6th, Michael Metz reviews economic updates, CFPB action, and credit bureau price increases.
For the week ending November 29th, Michael Metz reviews Trump appointees, the market, New Home sales, and the NAR settlement. He’s thankful for you.
For the week ending November 22nd, Michael Metz reviews builder optimism, agency updates, and a special dive into annual fraud trends.
For the week ending November 15th, Michael Metz reviews updated reports, Fed rate cut forecasts, and updated industry forecasts.
For the week ending November 8th, Michael Metz reviews financial reports, Fed cuts, forecasts, FICO, FHBs and migration patterns.
For the week ending November 1st, Michael Metz summarizes economic reports, Fannie/Freddie upgrades to appraisal alternatives, the MBA whitepaper on RESPA Section 8 and FICO price news.
For the week ending October 25th, Michael Metz looks at HELOC activity for the year, property tax trends, and gives the 2025 forecast showdown from various industry groups.
For the week ending October 18th, Michael Metz reviews a busy week of comments and reports, the credit availability index and summarizes the new LPA Choice release.
For the week ending October 11th, Michael Metz focuses on the impact of the Hurricanes Helene and Milton, with estimated numbers of homes impacted and the number of uninsured flood losses.
For the week ending October 4th, Michael Metz breaks down the latest Fed commentary backed by key reports, discusses positive trends in purchase-focused metrics, and provides an update on the slow-moving mortgage trigger lead legislation.
For the week ending September 27th, Michael Metz discusses a week of contrasting rises and falls, from economic reports affecting rates and futures to trends in purchase activities. Plus, a dive into the increased focus on climate risks and insurance from various industry factions. Referenced FHFA dashboard is available here.
For the week ending September 20th, Michael Metz addresses the Fed's 50 basis point rate cut, with the market expecting further cuts totaling 150 basis points over this year and next. FHFA released its affordable housing goals, adjusting benchmarks slightly and providing insights on the size of the affordable mortgage market, which is expected to lose 5-10% market share to FHA and VA.
For the week ending September 13th, Michael Metz addresses inflation remaining higher than expected despite a calm CPI, with economic indicators pointing to slowing growth and potential Fed rate cuts; CoreLogic forecasts a future drop in rates to 6% by Q3 next year, while lenders face uncertainty over new conforming loan limits and ongoing market activity is driven by baby boomers.
For the week ending September 6th, Michael Metz explores the slowing economy, weak job numbers fueling discussions about a possible Fed rate cut, interest rates reaching an 18-month low, and DC courts taking action on real estate joint ventures.
For the week ending August 30th, Michael Metz provides a concise summary of the top updates in the mortgage industry, offering the latest on secondary market trends, economic forecasts from FNMA, Freddie Mac, and others, as well as key regulatory updates and highlights.
For the week ending August 23rd, Michael Metz provides a concise summary of the top updates in the mortgage industry, offering the latest on secondary market trends, economic forecasts from FNMA, Freddie Mac, and others, as well as key regulatory updates and highlights.
For the week ending August 16th, Michael Metz provides a concise summary of the top updates in the mortgage industry, offering the latest on secondary market trends, economic forecasts from FNMA, Freddie Mac, and others, as well as key regulatory updates and highlights.