Tradition Mortgage

Q2 real estate and mortgage predictions, featuring Jacob Smith, President of Lakes Sotheby's International Realty, and Erik Hendrikson, Chairman of Tradition Mortgage.

Markets are heading into another week with one big theme: uncertainty. The fragile Iran ceasefire is already showing cracks. Over the weekend, tensions escalated quickly, from heated rhetoric to real-world action in the Strait of Hormuz, with both Iran and the U.S. engaging.

Iran-Flation Continues. Markets caught a brief break last week as ceasefire talks between the U.S. & Iran offered hope but that optimism quickly faded after negotiations stalled. Prolonged global tension could keep inflation elevated. youtu.be/A17ukLCN9mo

High-stakes geopolitical tension is driving mortgage markets this week, and volatility is the name of the game. Erik Hendrikson, Chairman of Tradition Mortgage, says eyes are now on the economic side, the PCE and CPI...both inflation markers.

Hockey sticks aren’t cheap… but some moments are priceless. Alaina Gnetz snapped her stick on the biggest shot of the season, an overtime GAME WINNER to secure the 2026 USA Hockey Girls Tier I 19U National Championship for Tradition Vegas. Congrats!

The rate story has changed very fast. What was once driven by inflation data & Fed timing is now being steered by global tensions. The Iran conflict has taken center stage, pushing oil prices above $100/barrel & reigniting inflation concerns. youtu.be/Mf3ccZiS2dg

Last week, the bond market took a hit, & mortgage rates surged. This week is starting with a very different tone. Early news of “constructive conversations” between the U.S. & Iran, along with a delay in planned strikes, has sparked optimism. youtube.com/watch?v=lmRgF9…

The bond market isn’t taking any chances this time. After being burned during the COVID era when inflation was labeled “transitory” but stuck around much longer than expected, markets have learned their lesson. The market is now in “show me” mode. youtu.be/UV5OROZB7Vw

Mortgage markets are on high alert this week as investors watch two key inflation reports: Consumer Price Index & Personal Consumption Expenditures. These reports will give the clearest signal yet on whether inflation is cooling or heating back up. youtu.be/4YV84nlZYJU

The rate rally hits a pause this week after some good numbers a week ago. Geopolitical concerns and reemerging fears of inflation are driving numbers up. A favorable jobs report on Friday and easing global tensions could help. youtu.be/mDxrq4RBjDg

Tradition Mortgage is once again proud to support women's hockey, especially the Mike Ryan Scholarship Award and Jaguar Hockey. Congrats Emily!

The market continues to hover in that tight 6% range — and while movement has been minimal, that "quiet" is exactly where opportunity starts to build. youtube.com/watch?v=6fufNz…

Is Tradition Mortgage going international? Well, maybe not, but still representing all the way from the Olympics. We’ve heard getting a mortgage with Tradition is like winning GOLD!

Mortgage rates show new courage despite a surprise in job numbers. The Consumer Price Index was cooler than expected as focus turns to the Fed's preferred inflation gauge, the Personal Consumption Expenditures report. youtu.be/MBqhhhTy0dw

The weather may be getting a little warmer but Tradition was still "Freezzin' for a Reason" last week. Great time and a great cause! #SpecialOlympicsMN

Honored to spend the day w/ ETS (Every Third Saturday) & “Warriors Path” cohort, an incredible group of Veterans committed to growth, purpose, & long-term resilience. Warriors Path is a month-long, intensive personal improvement program to help Veterans in both career & life.

The latest economic data shows the labor market continuing to soften — and that’s important for anyone watching mortgage rates. When hiring slows and unemployment ticks up, the Fed gets more breathing room… which can translate into improved rate conditions.

Tradition is well known for their support of hockey, especially youth hockey. Once again, they have stepped up, this time to help Saint Paul Hockey build a new JV Locker Room! Good Luck!

Welcome Garrett Daly to the Tradition Mortgage Team! With a background shaped by business studies at Bowling Green State University & University of St. Thomas—plus years competing in NCAA Men’s Hockey—Garrett brings discipline, strategy, & teamwork to every client relationship.

With a recap of January, Erik Hendrikson, Chairman of Tradition Mortgage, outlines where the market is and what to expect moving forward. #WeCareAndWeClose