Launch Financial- Taking a Look at Rising Rates and The Impact on Purchasing Power with Jody Eichenblatt

Want to know how to prepare for this year’s spring housing season? Join on us this week’s episode as we are joined by senior mortgage consultant, Jody Eichenblatt.

Jody Eichenblatt (NMLSR# 181198) is a Senior Mortgage Consultant with over 18 years of experience in the mortgage industry holding a license in Virginia, Maryland, the District of Columbia and Florida.  Jody’s professional service is founded on delivering the best possible customer experience for his clients and partners.

Whether you are a first time homebuyer or seasoned refinancer Jody understands that each transaction is unique and special and treats it as such.  Listening to his clients objectives and clearly communicating all of the available options is what makes Jody a success.

Jody graduated from the University of Maryland Robert H Smith School of Business with a MBA, and a BS in Marketing and Logistics.   In his free time Jody enjoys running, hiking, biking, traveling and most of all spending time with his wife Kim, son Ryan daughter Taylor and mini Aussiedoodle Teddy.

Check out this episode!

What You Need To Know About the Third Stimulus Package

On Wednesday March 10th, Congress approved the American Rescue Plan, the third stimulus relief package since the pandemic started a year ago. The $1.9 trillion American Rescue Plan Act includes measures ranging from stimulus checks to child tax credits, jobless benefits to vaccine-distribution funds, healthcare subsidies to restaurant aid. The legislation is the largest aid package to pass since widespread restrictions tied to the coronavirus pandemic began in March 2020.

Here’s what to know: 

  • Federal unemployment benefits of $300 per week have been extended until early September.
  • If you collected unemployment in 2020 or do so in 2021, you do not owe taxes on the first $10,200 in assistance. 
  • Lots of people will receive $1,400 stimulus checks in the coming weeks. Individuals with an adjusted gross income of $75,000 or less and married couples earning $150,000 or less qualify. 
  • Most Americans with kids will qualify for a new child tax credit: $3,600 per year for every child under 6 and $3,000 for each kid ages 6-17. 

Aside from these stimulus bill changes, tax day, April 15th, remains the same. Make sure to file your return on or before that date to avoid penalties. Check out our definitive guide to your 2021 tax return with detailed information on this year’s tax season. In addition, make sure to fund your retirement accounts by this year’s deadline. We will continue to monitor any changes to 2021 filing dates, but we recommend to check with your CPA with any questions on your situation. 

If you have any questions on the third stimulus package and what it entails, please reach out to us at or schedule a complimentary 30-minute introductory call here.

Where the Market Is A Year Since COVID-19 Began

As we approach the one-year mark since the coronavirus pandemic (COVID-19) began, we want to reflect on the year that the market has had. Its been quite a wild ride, especially in the past week or so, with the 10-year treasury yield hitting its highest level in one year, reaching 1.619%, to date. We have also seen a great deal of volatility in technology stocks, as they are currently down relative to the Dow Jones Industrial Average.

As we continue to see volatility a year into the pandemic, we want to stress knowing your timeframes, understanding volatility along with time in the market versus timing the market.

Below we have attached a chart from JP Morgan illustrating the difference in return if you were to miss the best days in the market. This chart will help you see the true understanding of sticking to your long term plan.  Check out the video below for Brad’s take on the market in detail, including tax implications, timing the market, and more. Let us know what you think and reach out to us with any questions at


Here’s Why Women Need to Take Control of Their Finances

In response to recent studies and data, we have found that women are contributing more and more to their family’s finances, and that the younger generation is increasingly claiming the title of breadwinner, according to a recent study by Wells Fargo

The study, released in conjunction with International Women’s Day, included 2,195 women. It found that more than half  of all partnered women reported greater or equal earnings to their spouse. And nearly one-third of millennial and Gen X women reported being the primary breadwinner, versus the 20% rate reported by baby boomers and traditionalists. 

Despite these gains in financial contributions to their households, the study also revealed that many women are intimidated by financial concepts and many did not learn enough about finances in school or growing up. With International Women’s Day just passing and financial literacy month upcoming, we want to use this new data as an opportunity to encourage and motivate women to take control of their finances and better educate themselves to become financially independent. 

As a financial advisor who works to empower women to become confident to make their own financial decisions, we have found that many women are often met with anxiety when it comes to having to make financial decisions on their own. For that reason, it is extremely important to start educating yourself about financial concepts from a young age, along with passing that on to the next generation, such as your children or grandchildren. At Sherman Wealth, we strive to educate all of our clients, no matter gender, age, or background, to become financially independent and feel confident to make their own decisions. If you have any questions or would like to talk to us about ways to educate others about financial concepts, please reach out to us at or schedule a 30-minute complimentary introductory call here. 


30-Year Mortgage Rate Tops 3% for First Time Since July

As we follow up on our previous blog regarding the skyrocketing 30-year treasury yield, we are seeing its impacts on mortgage rates. Last week, the 30-year treasury yield hit its highest level in a year, before the coronavirus pandemic began. As this yield has risen, we have seen subsequent increase in the 30-year fixed-rate mortgage since mortgage rates tend to move in the same direction as the yield on the 10-year treasury. So, Americans who purchased new homes or refinanced their mortgages over the past few months may have done so at just the right moment.

The average rate on a 30-year fixed-rate mortgage rose to 3.02%, mortgage-finance giant Freddie Mac said Thursday. It is the first time the rate on America’s most popular home loan has risen above 3% since July and the fifth consecutive week it has increased or held steady.Mortgage rates fell throughout most of 2020 after the Covid-19 pandemic ravaged the economy. That helped power the biggest boom in mortgage lending since before the financial crisis, fueled by refinancing. When rates hit 2.98% in July, it was their first time under the 3% mark in about 50 years of record-keeping. We will continue to monitor these rates and the impacts they have on other metrics. If you have any questions about refinancing or mortgages, please reach out to us and we will be happy to connect you with a mortgage professional. As always, give us a shout at or schedule a complimentary 30-minute consultation here.

Here Are The Impacts Of The Skyrocketing 10-Year Treasury Yield

Due to tremendous economic aid, interest rates, particularly the 10-year treasury yield, has skyrocketed back up towards where it was a year ago around 1.2%, prior to the coronavirus pandemic.

We have been following this rate quite closely on our instagram handle, @shermanwealth, as we recorded it last week hitting 1.6%. Of course this spike has created tremendous volatility in the housing market in terms of interest rates as well as the stock market in terms of how equities have been priced.

We will continue to follow the 10-year treasury yield closely for you all. Check out the video below for Brad’s take on these interest rates and the effects they are having countrywide. As always, if you have any questions for us, please reach out with questions at or schedule a complimentary 30-minute consultation here