The only thing constant is change. After 53 years, Southwest Airlines is ending its 100 percent open seating policy! (I don’t mind lining up.) People and companies have to adjust… Time waits for no one. What were concerts like in 1964, 60 years ago? Here’s an interesting chart that shows where the U.S. Government pegged interest rates through history, including 1964. (In the 4’s.) While we’re on interest rates, many clamor for lower rates, whether that means 6 or 5 or 4 percent is unclear. There’s a lot of talk about the Federal Reserve’s Open Market Committee lowering the fed funds target rates in September when the Fed meets. But lenders know that an interest rate cut might not translate into immediately lower mortgage rates. Ask your capital markets staff: The bond market is already pricing in rate cuts, so the simple act of the Fed cutting is not necessarily going to have a direct impact on mortgage rates. (Today’s podcast is found here and this week’s is sponsored by LoanCare, known for delivering superior customer experience as a mortgage subservicer through personalization and convenience, and supporting MSR investors with a focus on customer engagement, liquidity, and credit risk. Hear an interview with NJ Lenders’ Steve Grossman on coaching his sales staff to get the best out of them.) Lender and Broker Software, Products, and Services Deephaven Mortgage is excited to announce that it is hosting its own non-QM event, Non-QM Power Pulse, along with Anchor Loans on September 18th 8:30 am to 12:30 pm in Hollywood Beach, Florida! Deephaven is committed to support, educate and deliver resources to the entire real estate community. Chief Sales Officer at Deephaven Tom Davis, Managing Director of National Accounts at Deephaven Tyler Bohn and VP of Business Development at Anchor Loans Dave Gray join other industry experts to deliver educational panels focused on helping you increase your volume. In one day, you will gain the power to: Stay ahead of the competition, increase your volume and referral base, network with top Realtors, investors, and loan originators! You will also learn how to promote Ground Up Construction and Fix and Flip programs to investors. Register now and join us so that you can offer a full suite of investor loans for your clients to build their portfolios and differentiate yourself in the market. Register Now!