Let's take a brief stroll through this week's happenings in the mortgage markets. This is part of a new series of short video recaps we're kicking off, so let's jump right in.

First up, some brilliant news for first-time homebuyers! The income limits for the Chaffa down payment assistance program, specifically the SmartStep and Preferred, have experienced an increase. Now, the cap stands at a hearty $160,300, opening up opportunities for a wider range of people to benefit from this program. If this news sparks any queries, don't hesitate to reach out to us.

Next, we've made tweaks in our pre-qualification process. Now, we're using 'soft pulls', ditching the need for any credit impacts. By using soft pulls, we are able to review and validate your qualifications without negatively influencing your credit score. As a further bonus, this method is cost friendlier.

The third update comes from the recent Fed meeting. It's been a whirlwind of information, with our primary interest on the impending downward shift on the rates. Our keen eyes are on the lookout for aggressive pushes towards favourable interest rates.

In summary, it's been a week of promising developments. Stay tuned for more insights