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Welcome to the latest edition of the Agave Home Loans newsletter. Here's a recap of how our November finished up:

• We set another company record with 101 loans closed for a total of $28,359,266 in loan volume

• We crossed 400 5-Star reviews on Google

• Our company newsletter passed 2,000 subscribers

• We closed our 100th purchase

We talk time and time again about actions equaling results over the long haul. Our team members put in hard work training, learning, receiving feedback, and failing in order to eventually find their groove. Mistakes are often the best teacher and if we don't fail forward, we're wasting the learning opportunity. If you're reading this and didn't receive an excellent mortgage experience, please know that we're aware and made adjustments to our process to improve your next go around.

Life

Life can flip your world on its head rather quickly.

The Monday after Thanksgiving, we received word that one of our employees, Jonah Koponen, was killed in an accident while out for a run at the age of 23.

Jonah had just started working at Agave on November 1st of 2021. We'd worked near each other while he interned at our previous employer. I didn't know him well other than how obviously driven, intelligent and passionate he was to help people.

To say that life is unpredictable is an understatement. It's far too short to spend getting worked up over the daily minutia ... so don't. Don't freak out over trivial things that don't matter that much.

The world is a big place and the stress of getting your kids to school 6 minutes late won't matter in the grand scheme of things. It's not that big of a deal for your husband to leave his socks in the living room and it's not that big of a deal for your wife to ask you to pick up the socks and stop leaving them around. If we look inward on how we might improve, life becomes a lot easier.

I might've mentioned in one of the last newsletters a phenomenon called "The Overview Effect." It's a state of mind experienced by astronauts when they first see Earth as a whole from outer space. They describe a true understanding of how unimportant daily stressors are, and how important it is to value the real things in life like time with friends and family and improving the lives of those around you.

So through the holidays and beyond, let the little things roll off your khaki stain defenders and spend your thoughts focused on making this a better place for everyone. Rest in peace, Jonah, and thank you for the short amount of time we got to spend with you.

- Marshall Gottlieb, CEO

The Fed held its last FOMC meeting of the year this week and doubled the speed for tapering bond purchases, now ending in March, while forecasting three rate hikes in 2022. What this actually means: The Fed is going to pump less money into the economy and raise rates to combat inflation.

The Retail Sales report showed real consumption (adjusted for inflation) dropped slightly in November, but it remains 20% higher than where pre-pandemic trends were headed.

The Producer Price Index surprised higher than expected, landing at 9.6% year over year in November. Continued lockdowns in industrial nations like China due to new COVID-19 variants continue to hold up supply chains.

The hardest part is getting started: Housing starts rebounded in November to their highest level since March. Year-to-date housing starts through November are the highest since 2006, signaling an extremely strong housing market to close out the year as our focus shifts to 2022.

Source: Rocket Fuel

AGAVE HOME LOANS

MORTGAGE BROKERAGE

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