We’re Honored to be Nominated Once Again for “Best Home Mortgage” in Kansas City — 2025!

After taking home the win in 2024, we’re back in the running and up against some amazing competition this year.

🙏 We couldn’t have done it without you — your trust, referrals, and support mean the world to us.
Let’s make it two years in a row! 🏆

👇 Voting link below! 💛

click “Financials”

click “Home Mortgage”

click “McGowan Mortgages”

then “Review and Cast My Ballot” and “Submit Ballot”

---

Tariffs and Mortgage Rates

📉 Tariffs, Rates & Real Estate: What It All Means for You 🏡

You may have seen the news — the U.S. is introducing new tariffs on certain goods, especially from China. But what you might not have heard is how this could be good news for mortgage rates. Let me break it down simply:

💡 So… what do tariffs have to do with mortgage rates?

When tariffs are introduced, they often slow down international trade and can lead to higher costs for goods (inflation pressure). But here’s the twist: the market knows that tariffs also tend to slow economic growth, and when that happens, interest rates — including mortgage rates — often drop in response.

And that’s exactly what we’re starting to see happen. 📉

🏠 What this means for YOU

✅ Buyers:
This dip in rates gives you more buying power — meaning lower monthly payments or the ability to afford more house for the same budget.

✅ Homeowners:
If you’ve been holding off on refinancing, now could be your window to lock in a better rate and save big over the life of your loan.

✅ Investors/Realtors:
Improved affordability means more buyer activity, which keeps momentum strong in a market that’s already heating up for summer.

🕒 Why the timing matters

Rates move fast — and often without warning. What we’re seeing now is a short-term opportunity driven by global headlines. It’s impossible to say how long this dip will last, but if you’ve been waiting for the right time…

🚨 This could be it.

---

🚨Big Updated in the Mortgage World! 🚨

Down Payment Assistance programs

Non-Perm Resident Aliens

🏡 Mortgage Market Update – What You Should Know 📬

Hi friends! Here are two quick mortgage updates that recently made headlines — and how they affect YOU 👇

1️⃣ Fannie Mae & Freddie Mac Are Pulling Back on Assistance Programs

Some big national loan programs are starting to cut back on down payment assistance and grants — this is likely because they’re preparing to become private companies again.

💡 What this means for you:
No worries at all — at McGowan Mortgages, the down payment assistance and grant programs we offer are our own specialty programs, not tied to Fannie or Freddie.
✅ Still available
✅ Still strong
✅ Now even more valuable with less competition!

2️⃣ FHA Is Changing Rules for Non-Permanent Residents

As of May 25th, the FHA will no longer allow non-permanent resident aliens to use their loan programs.

🗓️ If you’re in this group, you just need to be under contract before May 25th — you can still close after that!

And don’t stress — we have other great options available for all types of citizenship situations. We’ve got solutions. 🙌

---

Why are we so Short on New Homes?! 🏠🤔

🏡 Why Are We So Short on Homes Right Now?

If you’ve been house hunting or watching the real estate market, you’ve probably noticed it feels tight out there. The truth is: we’ve been underbuilding for over a decade, and we’re still playing catch-up.

Let’s break it down:

📉 2008: The Housing Crash Changed Everything

From the 1960s through the early 2000s, we consistently built 11–18 million new homes per decade.

Then 2008 hit. The housing market collapsed. Home prices fell. Foreclosures flooded the market — and suddenly, buying a discounted resale made more sense than building new. So builders pulled back… hard.

👉 Result: In the 2010s, we only built 6.8 million new homes — less than half of what we needed.

⏳ Foreclosed Families Didn’t Disappear — They Came Back

Those who lost homes during the crash didn’t vanish. They just had to wait a few years to re-qualify. So in the late 2010s, millions re-entered the market, causing a demand spike — with nowhere near enough homes to go around.

📈 2020: COVID + Record-Low Rates = The Perfect Storm

Then came 2020. Mortgage rates hit historic lows. Buyer demand exploded. Everyone rushed to buy what was left — and inventory disappeared fast.

🧮 The Ongoing “Bad Math Problem”

In the last 5 years, the U.S. has averaged:

📈 1.8 million new households formed per year

🏗️ Only 1.45 million homes built per year

That’s a 350,000-home gap every single year — and it adds up. We simply aren’t building fast enough to meet demand.

💡 What This Means for You

If you’re buying, be prepared for competition — but remember, housing is still a long-term win.

If you’re a homeowner, your equity is likely growing — demand is outpacing supply.

If you’re a Realtor or investor, there’s opportunity in new construction and creative housing solutions.

Bottom line: We’re short on homes. And until we build more, demand will keep driving the market. 🏡💥

---

📉🔥 Mortgage Rates Drop Amid Global Volatility: Here’s What You Need to Know

This past week was a wild one in the financial world — and for fans of chaos, volatility, and lower interest rates, it did not disappoint.

Let’s break it down:

📦 What Happened?

The U.S. announced new tariffs midweek, which immediately shook up markets.

By Thursday night, China retaliated with its own set of tariffs on U.S. goods.

Investors got spooked about the impact on the global economy — and that triggered a big shift in financial behavior.

💰 What’s This Got to Do with Mortgage Rates?

When the market gets nervous, investors pull money out of stocks and shift it into safer investments like bonds. This is called a “flight to safety.”

✅ More demand for bonds =
✅ Higher bond prices =
✅ Lower bond yields (aka lower mortgage rates)

📉 Mortgage Rates Just Hit a New Low

The average mortgage rate just dropped to its lowest level since October 2024. Yes — even after a small uptick Friday afternoon, rates are still sitting at some of the best levels we’ve seen in months.

⚠️ But Don’t Wait Too Long…

Tariff-driven rate drops are highly unpredictable. While rates could move even lower, they can also rebound just as quickly if tensions ease or economic data surprises the market.

👉 If you’ve been on the fence about buying or refinancing, this is your window to lock in maximum savings while they’re still available.

📲 Let’s Make a Game Plan

We’re here to help you:

Lock in a low rate

Understand your buying power

Explore refinance savings

Get pre-approved quickly

The market is moving fast — let’s make sure you’re ahead of it.