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Andrew Cady

Branch Manager |NMLS 1236863

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Meet Andrew!

Andrew Cady, aka “Epic Mortgage Guy”, a Jacksonville, Florida native, has been intimately involved with the local community for 20+ years building his family business in the southeastern United States. In early 2015, Andrew found his passion in the mortgage business, quickly becoming one of the top 1% loan officers in the country. Andrew has now truly mastered his profession, as evidenced by more than 500 five-star reviews, which speak volumes about the quality of service, passion, and communication he has provided not only for his clients, but also for countless associated real estate agents, transaction coordinators, and title agents. Andrew also greatly enjoys quality time with his wife, Krystal, and their four beautiful children: Brandon, Elizabeth, Sophia, and Anna. Spending time at the beach is the most popular family pass time.

Serving Homebuyers In:

  • Florida
  • Georgia
  • Tennessee

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Your Mortgage Questions, Answered!

What Happens to Mortgage Rates When the Government Shutdown Ends?

The longest government shutdown in U.S. history looks set to end in the coming days, bringing long-awaited clarity to financial markets that have been flying blind since October 1. For more than six weeks, key government agencies haven’t released critical economic data, such as jobs reports and inflation readings, leaving the Federal Reserve and investors without their usual guideposts. As this data finally returns, we can expect market activity to pick back up and mortgage rates to start moving again. When Will Economic Data Be Released? The government shutdown delayed the release of several weekly & monthly economic reports essential to the Federal Reserve’s monetary policy, including the PCE and CPI inflation reports and the monthly BLS jobs report, which are typically the most impactful. When the shutdown ends, what happens to those reports? Let’s break it down. Consumer Price Index (CPI) inflation report: The September CPI report, originally scheduled for October 15, was released on October 24 as a requirement for Social Security cost-of-living adjustments. It showed core CPI increased by 0.3%. The October report was originally due on November 13th, but because that data hasn’t been collected yet, it will likely be delayed until December. The November report is due December 10th, and we could see the October print included. Bureau of Labor Statistics (BLS) Jobs Report: The September BLS jobs report was initially scheduled to be released on October 3rd. The data for this report were collected before the shutdown began, so it’s likely to be released between November 17 and 21. As for the October jobs report, the BLS will need to survey companies and individual households. We likely won’t get this report until December. The November BLS report is currently scheduled for release on December 5. The BLS surveys businesses and households for its monthly reports starting the week containing the 12th day of the month. Given that the government will reopen on November 17th, the November jobs report may be delayed by a week. Personal Consumption Expenditure (PCE) inflation report: It’s important to note that PCE is the Federal Reserve’s preferred inflation report. September’s PCE report was initially scheduled to be released on October 31st. It’s likely to be delayed until late this month. The October PCE report, initially due November 26th, will likely be delayed until mid-to-late December. How will rates move when this data is released? So far this year, the average mortgage rate has dropped by a full percentage point. What’s driven this drop has been a steadily deteriorating jobs market as seen from the BLS data since May this year. The Fed specifically cited the labor market as the reason for the rate cuts we saw in September and October. Inflation also remains a concern and will need to either drop or stay under relative control in the PCE and CPI reports. When these reports are released, we’ll likely see some market volatility. If the BLS labor data is weak and/or inflation doesn’t rise quickly, rates should go down. If the labor market shows signs of improvement or inflation starts to rise out of control, rates might rise. How to navigate the rate market for the rest of 2025 The best way to protect yourself against a volatile housing market is to work with experienced mortgage professionals whom you can trust. UMortgage has Loan Originators licensed nationwide and ready to help you time the market & maximize the wealth-building benefits of homeownership. Ready to get started? Fill out this form to get connected with a Loan Originator near you.

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Housing Market Update | Week of November 10th

Mortgage rates have been relatively flat since the Fed cut the fed funds rate in late October. The government shutdown has now prevented the release of two consecutive months of economic data, leaving markets without the necessary insight to inform monetary policy. There are murmurs that an agreement to end the shutdown is in the works, with hopes of a House vote on Wednesday. Once the shutdown ends, it will take a few weeks for our missing data to be released; if that data shows continued labor market weakness, the 10-year and mortgage rates should go lower. A quick reminder, markets are closed in observance of Veterans Day tomorrow. And if you’re curious, we’ll touch on the news of a potential 50-year mortgage below. Last Week's Mortgage Rate Recap Rates Were Flat Mortgage rates and the 10-year Treasury yield both finished the week essentially unchanged from the start of the week. Last week was supposed to be jobs week, but the BLS jobs report was delayed again because of the ongoing government shutdown. We did get private payroll data from ADP; the moderately positive report sent the 10-year a little higher on Wednesday before it fell back to 4.1% on Friday. The ADP report ultimately doesn’t tell the whole story about the labor market, mainly because it doesn’t cover government jobs, which will have a significant economic impact given the length of the shutdown. Friday also saw President Trump and FHFA Director Bill Pulte confirm that the administration is working on a 50-year mortgage. No other details were provided, but we do know that restrictions under the Dodd-Frank Wall Street Consumer Protection Act’s Qualified Mortgage (QM) rule don’t currently allow a 50-year mortgage. As of right now, I’d suggest taking the announcement with a grain of salt. This Week's Mortgage Rate Forecast Rates Could Move Slightly As of right now, it could be a relatively quiet week. Markets are closed tomorrow in observance of Veterans Day. Wednesday through Friday, we’ll hear from several members of the Fed. But the most significant potential market mover this week would be an end to the government shutdown; rumors suggest a House vote could take place on Wednesday. When the government reopens, it’ll be a slower trickle of these reports. We’ll get the September economic reports, which were due to be released in early October, within days of the end of the shutdown. However, the October reports (scheduled for release last week & this week) may be completely foregone, as the window for collecting October data may have closed. Regardless, for rates to keep falling, the reports we receive will need to show that the labor market continues to shrink and that inflation remains under control. If you have any questions or want some real-time market analysis from a mortgage expert, follow this link to connect with a UMortgage Loan Originator near you!

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How the 2025 Government Shutdown Affects the Housing Market

On October 1st, 2025, a shutdown of the federal government began. Believe it or not, government shutdowns can have a multifaceted impact on the housing industry and mortgages. To help you be prepared and stay in the know, here’s how the mortgage process and the housing market are affected. Quick Answer Closings haven’t stopped, but some files will move more slowly. FHA and VA are largely operating (with some limits), conventional loans continue to move under GSE guidance, USDA loans for new approvals are paused, and a lapse in the National Flood Insurance Program (NFIP) can block some flood-zone closings. Key economic reports are delayed, which can make mortgage rates prone to increased volatility when the shutdown ends. How a Government Shutdown Impacts Mortgage Rates During a shutdown, we get a “data blackout” from federal statistical agencies. For example, the September BLS labor report, which is typically one of the bigger market movers, was not released as scheduled on October 3rd. Other reports have been delayed; for example, our September CPI inflation report has been pushed to October 24, 2025. With no economic data leading up to our next Fed Meeting on October 29, the markets can’t fully forecast whether the Fed will cut, which could result in fewer gradual movements and more rate swings. Loan Programs: What’s Running and What’s Slowed Non-government-backed loan programs, such as Conventional Loans, will not be impacted by the government shutdown. Specific government-backed programs, like FHA loans and VA loans, are largely unaffected, but delays may occur. This shutdown most heavily impacts USDA loans. USDA Rural Development’s Single-Family Housing Guaranteed Loan Program largely pauses new activity. If a valid conditional commitment was already issued, some closings may proceed; otherwise, new USDA approvals will wait until staff return. National Flood Insurance Program (NFIP) The NFIP’s authority lapsed on September 30, 2025. Existing policies remain in force until expiration, but because of the shutdown, no new or renewed NFIP policies can be issued during the lapse. This can halt closings in flood zones that require NFIP coverage until reauthorization. Underwriting & Operations Delays If you’re a federal employee or contractor affected by a furlough, your loan may still be eligible. GSE guidance allows temporary flexibilities around employment verification; some files may need extra reserves if the shutdown extends. If you’re a prospective homebuyer wondering if a government shutdown will impact your homebuying or refinance process, or a real estate agent concerned with the impact this shutdown may have on your buyers, get in touch with a UMortgage Loan Originator for expert advice. They’ll be able to tell you how to navigate the market, act proactively to avoid delays, and find alternate solutions to help you close on time or as quickly as possible.

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