A lot of mortgage loan originators are breathing a huge sigh of relief since mortgage rates have come back down after the big spike up last month.
But don’t get complacent!
In the stock market, this is known as a “sucker rally” … it lures you into thinking the worst is over when in reality the market is getting ready to dive again.
How long will this refi boom reprieve last?
I don’t know and I don’t care.
I’m still pushing the loan originators at our small mortgage company to focus on building Realtor relationships by helping them generate home buyer leads using our free marketing systems.
In the Seattle area, and many other housing markets around the country, there is starting to be a lot of sales activity in the low-end starter homes.
If you wait until the housing market bounces back and the Realtors don’t need your help any more to generate business you will have missed a GOLDEN OPPORTUNITY!
Let the competition fall back into “refi boom” mode …
The smart loan originators who plan to be in business for long haul are focusing on the PURCHASE loan market now more than ever.
Last 5 posts by Steve Tytler
- Secret to Success: Accountability - January 28th, 2010
- Instant Results from Craigslist Marketing - October 5th, 2009
- Craigslist Mortgage Marketing Still Works! - October 5th, 2009
- EXCLUSIVE: Carl White Shares Success Secrets - September 29th, 2009
- Off to hang with the Marketing "Animals" - September 24th, 2009





July 8th, 2009 at 2:52 pm
Amen Steve,
I’ve been trying to say the same thing to my clients and on our blog. I like to think of the latest refi boom as a bit of good karma for those of us who showed the intestinal fortitude to see through the rough patch.
I think the 2nd round of the rough patch is right around the corner and I’m ready for it.
Well said…