Podcasts about Mortgage Bankers Association

Keith breaks down five major mortgage myths, including the belief that today's mortgage rates are unusually high, that the Fed directly sets them, and that rising rates automatically push home prices down.  Drawing on historical patterns, he explains why mortgage rates and home prices often move together, and why waiting on the sidelines for "better" rates can quietly erode your long-term wealth.  Keith also explains how inflation can benefit borrowers by shrinking the real burden of fixed-rate debt and shows how leveraged real estate can outperform traditional stock investing.  He ties these insights into today's K-shaped economy and the growing role of AI, and explains how strategic action and the right guidance can help position investors on the winning side of these trends. Episode Page: GetRichEducation.com/613 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host, Keith Weinhold. There are myriad misunderstandings about mortgages. I dispel the myths and discuss the expected mortgage rate level in 2030 You will know more about mortgages than 99% of people today on Get Rich education, you know, Mid South Home Buyers, that top Memphis turnkey provider. I learned that a secret weapon behind their explosive growth is more than just you buying their properties, it's an executive coach. For nine years now, their CEO, Terry Kerr, and his COO, Pat Nix, have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners. His name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally. You can fill out an application for a free consult. This is private one on one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to danielthomashind.com H I N D, that's Daniel Thomas hind.com and sign up before Spotsville. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group, NMLS 42056 they provided GRE listeners with more loans than anyone, because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your pre-qual, and even chat directly with President Caeli Ridge, while it's on your mind, start at ridgelendinggroup.com that's ridgelendinggroup.com   Keith Weinhold  2:07   Flock Homes helps multifamily owners exit the operator grind, whether it's your six plex or a 50 unit apartment, through a 721 exchange. This defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management. Request your initial valuations. See if your property qualifies at flockhomes.com/gre That's F L O C K homes.com/G R E.   Speaker 1  2:40   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  2:56   Welcome to GRE, from Keene, New Hampshire, to Kenai, Alaska, and across 188 nations worldwide, I'm Keith Weinholding. You're listening to Get Rich Education. Everybody knows that a mortgage rate is the interest rate that a borrower pays on a property loan. Okay, sure, that part is easy. And then, oh boy, the misunderstandings begin about eight seconds later, where will mortgage rates be in 2030 I want to tell you about this and more, because mortgage rates are one of the most talked about parts of real estate, and people discuss them with this confidence and bravado of a guy at a semi quincentennial barbecue that's explaining crypto and nutrition between bites of potato salad, yet he's probably got a lot of things wrong. In the next few minutes, though, you're gonna know more about mortgages than 99% of Americans. Let me tell you about five Goliath mortgage myths that throw a lot of people off, and this includes what mortgage rates are going to be, both next year and in 2030 The first myth is that mortgage rates are high today. I almost can't believe the number of people that say this in the world that I'm in. I hear it almost every day. The reality is that mortgage rates have normalized. The 30 year rate is currently normal to low. Now, I shared with you before that the long term average is 7.7% per Freddie Mac. They have the best, most respected stat set on historic mortgage rates, and theirs go back to 1971 Well, today's rate is between six and 7% They just don't feel low after the freakishly low era about five years ago. Now, after I tell you about mortgage rates in 2030 I'll tell you also about whether we're ever going to go back to the. 3% mortgage times. Understand, it's not just mortgages, but most other interest rate types are also on the low side today. A lot of rate types are based on the effective federal funds rate. What's based off of that are rates for credit cards, HELOCs, some business loans and personal loans, they are all based on the prime rate, which is based off of the federal funds rate. Well, the federal funds rate's long-term average is 4.6% Do you know where they're at today? 3.6% So, the fed rate is fully 1% below the long run average. The second myth, gosh, and this is such a pervasive one too, is that when mortgage rates rise, home prices fall. This is such a myth, and because I've talked about this premise before, let me bring some fresh angles to it for you today, with some historical accounts too, because the reality is that when mortgage rates rise, home prices usually rise right along with them, but sharply rising rates can slow appreciation, and before we move on, one of the most famous, I suppose, American real estate investors ever. He spoke about mortgage rates recently. Let's see what he says. This is under a minute in length. Oh, and he also happens to be the current White House occupant.   Donald Trump  6:34   I made billions of dollars with housing. I know housing better than anybody, maybe anywhere. It's all about the interest rate. Lower the interest rates. You can have all the housing you want, but you have to understand, I don't want to have - I don't want to hurt people that own houses, too. These people, for the first time in their lives, they have valuable houses, they become rich. I don't want to hurt them either. What you want to do is what's good for everyone? Get the interest rates down. We have this num skull that was the head of the Fed before, and he's a stupid person, and we call him too late because he was too late with the interest rates all the time. We need low interest rates. Low interest rates will solve everything, will solve that.   Keith Weinhold  7:18   Well, lower interest rates don't solve the main problem, though. We need to build more housing no other than the fact that low rates could make it a little easier for builders to finance their operations. Lower mortgage rates do nothing to increase the housing supply, and, contrary to what most people think, rates have exceedingly little to do with home prices. When mortgage rates blew past 18% in 1981 they were between 18 and a half and 19% Then, what do you think that home prices did? Well, they kept on rising right through it since 1994 Mortgage rates rose 1% or more six different times, and home prices went up all six times. Even when mortgage rates tripled three years ago, home prices still climbed on a nominal basis. How do they do that? Well, the short version here is that we've got to think about what's happening in the larger economy when rates rise. What does that mean? What does that signal? What is that a symptom of rates rise to keep a hot economy from overheating, and when the economy is hot like this, that usually means people are employed and they're confident and they're financially flush, so then what do they want to do? They want to buy a home, and therefore there are more bidders. That's why higher rates usually lead to higher home prices, and they're talking about raising rates again, because employment has been resilient, and inflation is more than double the Fed target. All right, well, if higher rates usually correlate with higher home prices, then do lower rates mean lower home prices, no, because nominally home prices rarely fall at all. Now, what then did rates do when real estate prices had a rare national fall in those years around the 2008 global financial crisis? Do you know? Do you know what mortgage rates did then? Do you think that mortgage rates were up or down during the global financial crisis? And this is a definitive answer. There's no gray area. They were clearly either boldly up or boldly down. What do you think during the global financial crisis? Mortgage rates plummet. Did more than 2% so the only time since the Great Depression that national home prices fell substantially, mortgage rates also fell substantially.    Keith Weinhold  8:05   The problem in that era, around 2008 is that you often could not get a loan, banks were barely lending, man. People overlook this. You can't just assume that you can get a loan whenever you want it, even if you qualify. But yeah, it's just amazing how many people believe this. I guess second myth. I mean, it is one of real estate's most persistent fairy tales that when mortgage rates rise, home prices fall, that just doesn't happen. And gosh, it feels like I explain this to somebody every week, that when mortgage rates rise, home prices usually do too. If you explain this phenomenon to somebody, I think what you can tell them is that history shows, and as I like to say, take history over hunches. History shows that mortgage rates don't have much to do with home prices. The, I guess, third mortgage myth out of five is that the Fed sets mortgage rates. The reality is that they don't, and you probably already knew about this one, because you're unusually sharp, and you're listening to this. Mortgage rates are more closely tied to the 10 year treasury yield, and inflation expectations, and bond market demand, and lender spreads, and the appetite from investors for mortgage-backed securities, and even your credit score, that's what mortgage rates are tied to. The fourth one here is that you should wait for mortgage rates to fall before buying, and the reality is that maybe you should, but usually not. And again, we can look at history here almost every time you look back at when you purchase property and how much property you owned when you added it into your portfolio, there you know. Do you ever think, oh gosh, I sure would have been better off had I waited two years. Now, if you do wait two years, what happens? Prices will almost certainly be higher, and you don't know where mortgage rates are going to be. Run the numbers, and you'll probably see that waiting is not the free lunch that some people think it is.   Keith Weinhold  9:13   The main problem with waiting is that it delays how the real wealth gets created from the five ways real estate pays, and to my earlier point, if you do wait, you're probably still going to be able to get a loan, but mortgage markets can seize up in times of distress, and you might not be able to get a loan at all. A lot of people just assume that credit is always going to be available. We don't know that for sure. Now, let's take a look at my most ill-timed real estate purchase ever, since we're talking about timing, and this is when I bought a green fourplex building in May of 2007 right on the precipice, just as we were about to tilt in to the global financial crisis. I paid $530,000 for this property. It was pretty nice, like not a beautiful building, but just a good setup where every tenant had their own attached one car garage in that building. Okay, so I did not wait, and by the way, this was a big purchase for me at the time. I mean, 530k perhaps that's about a million dollar purchase in today's inflation-adjusted terms. Back at that time, that was my biggest property yet, until I got into larger apartment buildings and other single-family homes and things like that. But what happened just after I bought this in 2007 Well, that green fourplexes value temporarily went down, and during this time I was paid the other four ways that real estate pays. Rates fell during the global financial crisis, so I had a refinance opportunity, and then that green fourplexes value had fully recovered by about 2012 or 2013 and it paid me positive cash flow every single month that entire time, and that's it. That was actually my worst timed purchase ever. That scenario, the worst mortgage conditions in anyone's lifetime, and it still wasn't so bad. Well, here's what else happens with the strategy of waiting for rates to fall. When rates fall, more buyers tend to rush in, and because you've got more buyers that qualify for a. Mortgage that didn't qualify previously, that means more competition. There are fewer seller concessions, if any, and there are higher prices. It might even create bidding wars, somewhat like we had in 2021.    Keith Weinhold  9:13   The last of the mortgage myths is that mortgage rates can be predicted, so you had better pay close attention to forecasts. Oh no, the reality is that trying to predict mortgage rates is about as predictable as to whether your contractor is actually coming on Tuesday. Let me tell you, all right, what the prominent analysts and agencies have to say about the future of mortgage rates, amalgamating forecasts from Fannie Mae, Wells Fargo, the Mortgage Bankers Association, a Reuters poll of economists, and more. By the end of next year, okay, so about 18 months away, they all cluster in a range of 6.2 to 6.5% This is for the 30 year fixed rate mortgage by the end of next year, and for 2030 it is about 5.8% That's what we're looking at for crystal balls of all these agencies, if you average them together, and you know what I have to say about these numbers, don't count on these at all. These people do not know, nobody does, they'll probably even tell you that they don't know. Okay, they are your forecasts right there. And what about us here? GRE does not make mortgage rate forecasts. We only make a home price appreciation forecast annually, and we are not about to make mortgage rate forecasts here. That is because they're just really hard to predict, and therefore that would not serve you. It's really just a form of entertainment that's a poor use of your time. It doesn't serve you. Making a bold mortgage rate prediction is exactly how economists audition for humiliation.   Keith Weinhold  17:14   Mortgage rates, future direction, that's based on so many factors, like inflation, jobs, treasury yields, deficits, geopolitics, oil prices, and wars, and the future direction of mortgage rates has to do with investor sentiment, which often changes and often doesn't make sense, and whatever new fresh economic surprise is going to wander in tomorrow, and you know, I'll tell you, when I was a pretty new real estate investor, and I had a property under contract, I remember sometimes asking my mortgage loan officer over the phone, now, do you think that mortgage rates are going to be lower next week, because maybe then I should wait and lock in. I mean, that's a question I asked a number of times. I mean, sheesh, it would have been just as useful if they answered by reading me their horoscope. Now, that is not a knock on mortgage loan officers in any way. They're smart people, but they just know the borrowers do want some insight, but it's just so hard to forecast now that you know that most forecasts base around 5% mortgage rates in 2030 which is useless information. Will rates ever be 3% again like they were about five years ago? There is no forecast by any of these agencies that predicts a 3% mortgage rate at all in the next five years, but you know, really, you have to ask, Who saw that there would be such low home loan rates on the horizon back in 2007 and things like the Great Recession and a global pandemic, you know, those sort of black swan events, they're just rarely, if ever, on the radar, and see drastic events like that are what it takes to move mortgage rates down into the seller, but a couple things are for sure, 3% mortgage rates anytime soon are extremely unlikely, and if that does happen, it probably means that there has been a real world calamity. Okay, that's what I can tell you.    Keith Weinhold  19:31   I've got more to tell you here, but to summarize what you've learned so far today, in this era, rates of all types are historically a little low, contrary to popular belief, mortgage rates have little to do with home prices. Waiting for rates to fall rarely works, and mortgage rates are nearly impossible to predict. And my favorite way to make it easy for you to remember how interest rates move in an account. Economy is that they are like walls. A high interest rate is like a high wall. It's an impediment to the movement of money, because people are less likely to borrow and more likely to save, since savings accounts yield more. And then a low interest rate is like a low wall that you can easily just step over it facilitates the movement of money, making you more likely to borrow and less likely to save. And if you want to understand more about how interest rates move economies and affect real estate, and you like analogies like that, I discuss more about how interest rates are like money walls in the latter portion of GRE episode 573 I've got so much more for you today. Straight ahead, I'm Keith Weinhold. You're listening to Get Rich Education.    Keith Weinhold  20:53   Flock Homes helps you retire from real estate and land learning, whether it's one problem property or your whole portfolio through a 721 exchange, deferring your capital gains tax and depreciation recapture. It's a strategy long used by the ultra wealthy. Now, mom and pop landlords can 721 through residential real estate. Request your initial valuation, see if your properties qualify at flockhomes.com/gre that's F L O C K homes.com/G R E. Let me ask you something. If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent on-time investor payouts, they built real credibility.   Keith Weinhold  22:14   Go to Freedom Family investments.com to book a clarity call, or text family to 668 66 That's that's family 266866 This is Rich Dad Advisor Tong Wheelwright. Listen to Get Rich Education with Keith Weinhold, and don't quit your daydream. Keith, welcome back to Get Rich Education. I'm your host, Keith Weinhold, and let me help you with a couple questions that some of you have had, and when listeners or followers like you engage with us, whether that's through our general inbox or our investment coaching, or even my face-to-face interactions with people. Sometimes I hear something like, "Hey, well, I am waiting for the crash until I build my real estate portfolio. Now, I don't know how to take this always. Sometimes I think people are joking. Other times I actually think that they are serious, and see what happens is that an awful lot of media creators, they will produce a video or a blog or a podcast, and they like to talk about how a housing crash is imminent because that type of material really gets attention, words like crash and collapse, they're hype words, and these hype words like crash and collapse, they really play on people's very real primordial survival instincts that are produced in your brain's amygdala, that's why people keep consuming them, and it's also why fear-producing media gets lots of attention. I mean, it's the if it bleeds it leads phenomenon, you know. In fact, I have one real estate pro friend, and he's told me that if instead of talking about real estate logically and with an education bent in the way that I do here at GRE, well, instead if I flip that and I talk about doom and all the improbably bad things that could happen that could make my material so interesting that it would create a following so big that would transcend real estate circles, and I'd be a regular on whatever CNBC and The Joe Rogan Show. This friend somewhat jokingly suggested that with the way I use the pre. Frontal cortex to discuss real estate. I should speak from the amygdala instead. I could become a doomer, a crashaholic, an appreciation denier. And by the way, the prefrontal cortex is the sort of executive brain. It helps you think things through, compare options, solve problems, make plans. Ask yourself the question, is this actually a good idea? Logically, it's the logical part of the brain.    Keith Weinhold  25:33   Oppositely, the amygdala, that's what tells you something feels dangerous, I better react now. And your prefrontal cortex tells you, hold on, let's think this through. It's what's logical, and you know, though, this is what we've always done here, the logical, because scaring you is not serving you, it's only entertaining you. In fact, lately, there are even some people that were calling for a home price decline that no longer are doing so, and the NAR just revised their home price appreciation forecast this year up to 4% and then the other piece is that I've received more feedback recently from listeners about something that you're trying to grasp, and that is the concept of inflation profiting on your debt, which I've always presented as the fifth of five ways that you're simultaneously paid through real estate, and really the feedback it goes something like this: I don't see where I'm profiting at all if I borrow 100k on a mortgage, and then 10 years later I still owe 100k because I still owe 100k So, how is this getting me ahead, even if the tenant pays all the interest? Really, that's the question. And before I answer that, you can always reach out to us at our general inbox at Get Rich education.com/contact How do you contact us? Get rich education.com/contact where we have a real human being here at GRE monitoring the inbox for you, and oftentimes we also get comments on our videos at the Get Rich Education YouTube channel, so that's a less formal feedback mechanism, but if you're trying to grasp inflation profiting, think of it through the opposite lens. What if you put 100k in cash under the mattress, you slid it under there, and you left it there for 10 years, and then you unearthed it. Well, you probably wouldn't want to do that. Why not?   Keith Weinhold  27:49   It's still 100k We all know full well that, because at 3% inflation over 10 years, it will get worn down to about 74k of purchasing power since prices and rents and everything else is now higher. Well, in a similar way, 100k in debt after 10 years is still 100k same name, but it will only have 74k in real value. That is the way to think of it. The saver lost purchasing power, the borrower gained repayment power. Hopefully, those two persistent questions about a housing crash and about inflation profiting gave you some satisfying answers. And you know any more, so much of what we've discussed with you here every week since 2014 it is now in view, or actually it's not even in view as much as you are living inside it, that hollowing out of the middle class represented by the K-shaped economy, we are living in it, and when I told you about it, perhaps a decade ago, I was not using that term, K-shaped economy. However, that term was born in 2020 and it was popularized on Twitter back then. When we had our big wave of inflation five years ago, the asset owners recovered, if they ever suffered at all, they're the ones on the upper branch of the K, and the middle class and lower class that do not own assets. They were not able to recover, and inflation makes their standard of living sink lower. Where we're at today is that the top 10% of US earners now account for fully half of all US spending. Well, how much time do you have if you haven't yet? How much time do you have left to build your portfolio to make sure your trajectory has you on the upper branch of the K, not the lower branch? Rich, five years, you only have five years left to get rich, all right. Now that's not my answer, but that's what Andre G says, and I like some of his material, and I don't know if I'm saying Andre's name correctly, but according to him, the reason that you only have five years left to move economic lines trajectories to move from the K's lower branch to the upper branch is because of AI. You've got five years to learn a skill, start a business, or invest in real estate. The reason why is that upward mobility comes from finding efficiencies where you can make things better, but artificial intelligence makes things so much faster and more efficient, so that gap between the way things are right now and the way they will be in the future is going to close.    Keith Weinhold  30:56   AI compresses that gap to almost zero, because when everyone can use AI to build websites, write code, analyze markets, automate workflows, whatever it is, is because it becomes really easy for anyone to do anything, and it becomes a lot harder to move from the bottom of the K to the top, so for those at the bottom, there are fewer inefficiencies to solve and get ahead, and this is why the saying "the rich get richer and the poor get poorer" has the propensity to speed up. So, what can you do? I've described elsewhere about how stocks are not a wealth building tool, they're a wealth preservation tool. If you already have wealth, stock price to earnings ratios are bloated. It's good to select an asset or business that's hard to be replaced by AI, and then get good at that thing, like HVAC, plumbing, pest control, electrical, roofing, masonry, or investing in real estate be in a niche that AI is going to have a hard time replacing. Just buy some rental houses, and here at GRE, we talk about optimizing the five ways that you're paid all the time. Buyers who are waiting for 5% mortgage rates, you know, they're a little like people who refuse to buy gas at $4 because they remember $2. Okay, those days are not coming back. The market rewards action, not nostalgia. Actually, you can get 5% mortgage rates today through our GRE investment coaches, because we know the builders that are buying them down to that level for you.   Keith Weinhold  32:54   Now, do you realize that even with zero appreciation and zero cash flow on a property, you're probably still going to win bigger than stocks in their average returns of 10% That's right, even if you get zero appreciation and zero cash flow on a property, because with a historic average from your ROA, from your tax benefits, and inflation profiting alone, that's a 14% total return, just using today's mortgage and inflation rates. A 14% return, even with zero appreciation or cash flow, you're probably going to have more than zero from those. This is why we do what we do here, and you're owning your own deal, your own rental property, and you don't have to be the manager. I'm talking about your own and emphasizing that because a lot of investors got burnt recently because they said, "Oh, I'm going to invest in this influencer's deal, he's pooling all this money together for a deal. Instead of that, you can invest in and control your own deal without having to be the day-to-day manager. Those that bought property through our GRE marketplace with our coaching a few years ago, they are rich today. We had a number of those listeners come right here on the show last year, and joined me for an episode, and you heard some of them say, "Here is what my life is like now. They got on the upper branch of the K, they turned get rich education into got rich education, and it's not just for beginners, you know, we also have listeners that booked a free coaching session with us, and they gave real estate another shot after their first attempt at real estate investing failed, and that's because here they got a coherent strategy from a GRE investment coach, and then they got the outcome. It's actually pretty straightforward. Here's how it works. Our coaching actually understands this business because they work with investors like you every single day, and we are investors ourselves. What they do is they sit down with you, probably virtually, understand your situation, your goals, your timeline, where you're at financially, what your preferences are, what your concerns are, and they ask you the right questions. They listen, and then they show you what's actually possible, given your specific situation. A big difference between what we do and what a lot of others in the business do is that we are focused on your big picture strategy.    Keith Weinhold  35:44   See, we're not attached to any one market. Take local agents and local operators. Now, those people can be helpful, but they're clearly incentivized to have you buy whatever their product in their geographic market is well, RGRE investment coaching doesn't have that conflict of interest, and that's why, for free, our followers have such a good success rate in making sure they occupy the upper branch of that K. To find what's best for you, we'll walk you through different markets, different property types, and different strategies, depending on what makes sense for your situation. And it's truly free. There's no weird pleading to have you do something else. We don't try to sell you some paid coaching program or anything else like that. In fact, if you want to buy something from GRE, you simply cannot do it, because we don't even have anything for sale in almost any other industry. You would have to pay to talk to someone this knowledgeable, but you'll know more when you hang up than when you called. So, if you're ready to add real income-producing property to your portfolio, that's exactly where we can help, but it's more than that. If you want, come away with a plan to retire in five to 10 years, because it's about a total strategy. You are cordially invited. You can book a free coaching call at GRE Investment coach.com Until next week. I'm your host, Keith Weinhold. Don't quit True Daydream.   Speaker 1  37:28   Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Keith Weinhold  37:56   The preceding program was brought to you by Your Home for Wealth Building Get Rich education.com.  

New mortgage rate forecasts from Fannie Mae, Wells Fargo, the Mortgage Bankers Association, and Realtor.com are pointing toward one major theme: stability. Instead of expecting a dramatic return to sub-5% mortgage rates, buyers and sellers should prepare for rates to stay in the low-to-mid 6% range through the next 18 months. In this episode of Tom's Take, Tom Toole breaks down what the latest mortgage rate predictions mean for buyers, sellers, and the Greater Philadelphia housing market. With inventory rising, showings down, and rates expected to remain more stable, buyers may have more opportunity than they realize. If you're thinking about buying or selling in Chester County, Delaware County, Montgomery County, the Main Line, or Philadelphia, this market update will help you understand what to watch next.

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, president and CEO at the Mortgage Bankers Association, to talk about updates to loan officer compensation and the big wins for housing in the 21st century ROAD to Housing Act. Related to this episode: Congress reaches bipartisan agreement on ROAD to Housing Act HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire The Top 5: Keys to the housing market for the rest of 2026 SERHANT. expands into Texas with 13 founding agents When will home sales finally return to normal? UWM, Two Harbors CEOs clash in emails ahead of CCM deal vote Why mortgage rates haven't followed oil prices by moving lower Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

Convocatoria a Profesionales del Sector de Condominios en Puerto RicoAsunto: NUEVOS RETOS EN CONDOMINIOS...Estimados colegas,En el contexto actual, es de dominio público el desafío que enfrentamos debido a la escasez de inventario de propiedades disponibles para vivienda principal y a la dificultad que en algunas ocasiones se confronta para acceder a financiamientos asequibles bajo programas tradicionales como FHA, VA, Fannie Mae, MGIC, entre otros.Además, nuevas regulaciones y requisitos específicos están ejerciendo presión sobre las propiedades en régimen de propiedad horizontal (condominios). Esto incluye exigencias sobre el cumplimiento administrativo, la gestión de juntas, finanzas y seguros, que afectarán a casi todos los condominios.Por esta razón, los invito a nuestra primera reunión, donde abordaremos estos inminentes cambios. Nuestro objetivo es desarrollar un plan efectivo que permita navegar y adaptar nuestras operaciones a estas nuevas circunstancias, asegurando así el bienestar del consumidor y todos los sectores involucrados en el mercado de condominios.Imaginemos juntos el impacto que estas limitaciones podrían tener en el mercado de condominios en nuestra isla y cómo podemos mitigarlas y afrontarlas de manera proactiva.Fecha: miércoles, 3 de junio de 2026Hora: 6:30 p.m.Lugar: Formato hibrido - Mortgage Bankers Association & Vía TEAMS

Subscribe for ad-free episodes + bonus content: https://realestatemarketminute.supercast.com Instagram: @thesalibgroup Email: mark@thesalibgroup.com Mortgage applications just posted another strong increase, even with mortgage rates still elevated. In this episode, we break down the latest Mortgage Bankers Association data, why buyers continue showing up despite affordability challenges, and whether the housing market may be adapting to a higher-rate environment faster than many expected.

Most mortgage professionals have no idea how many critical housing decisions are being made behind closed doors in Washington, D.C.While most of us are focused on rates, inventory, and closing loans, there are people working every day on Capitol Hill to influence the policies that will shape the future of homeownership, housing affordability, and mortgage lending.One of those people is Justin Wiseman.As the Mortgage Bankers Association's leading voice in Washington, Justin is in the room where many of these conversations happen. In this episode of Laugh, Lend & Eat, we discuss:• Why housing affordability has become a national political issue• What Congress is doing about housing supply• The Road to Housing Act and what it could mean for consumers• The regulatory issues mortgage professionals should be watching• How policy decisions made in D.C. ultimately impact borrowers and lenders across AmericaWhether you're a mortgage professional, Realtor, industry executive, or simply someone who cares about the future of housing, this conversation provides an inside look at what's happening in our nation's capital.Who's fighting for you in Washington, D.C.?Justin Wiseman. That's who.

We just got back from the Diversified Mortgage Expo, and we had to jump straight into the mic to break down everything we learned, experienced, and walked away thinking about.Watch replay - https://youtu.be/3_8i3bwe7-0**In this episode:**-

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, president and CEO of the Mortgage Bankers Association, about federal housing policy updates and what might happen regarding credit reports, credit bureaus, executive orders and more. Related to this episode: Trump executive orders target housing supply and mortgage credit HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire To learn more about Total Expert click here. The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

Mortgage rates are rising again—and it's starting to impact buyer demand. In this episode, we break down why the average 30-year mortgage rate has climbed to 6.43%, the highest level in five months, and what's driving the increase. From rising Treasury yields to global tensions pushing energy prices higher, several forces are keeping borrowing costs elevated. We'll also look at the latest data from the Mortgage Bankers Association, which shows a sharp drop in mortgage applications and refinance activity. That's a sign more buyers are stepping back as affordability challenges grow. Are you looking for an investor friendly lender? Visit www.Realwealth.com/Lender to learn more.  Source: https://www.axios.com/2026/03/25/mortgage-rates-iran-war-housing-market 

On today's episode, Editor in Chief Sarah Wheeler talks with Marina Walsh, vice president of industry analysis at the Mortgage Bankers Association, about the MBA's housing market outlook delivered at the MBA Servicing conference. Related to this episode: HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire To learn more about Trust & Will click here. The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, president and CEO of the Mortgage Bankers Association, about the MBA's housing policy priorities and how they are working with the Trump administration and Congress to see them enacted. The two discuss credit reporting requirements, the LO comp rule, LLPAs and more. Related to this episode: MBA's Bob Broeksmit on credit scores and a possible GSE release  HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ More info about HousingWire To learn more about Trust & Will click here. The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

You might have heard the word "uncertainty" muttered more than a few times over the last 12 months. Today, we're chatting with an economist brave enough to look uncertainty in the eye and make some predictions for 2026 about the stock market, job market, inflation, and the fate of President Donald Trump's tariffs. And later: Applications for adjustable-rate mortgages have more than doubled over the past year, according to the Mortgage Bankers Association.

You might have heard the word "uncertainty" muttered more than a few times over the last 12 months. Today, we're chatting with an economist brave enough to look uncertainty in the eye and make some predictions for 2026 about the stock market, job market, inflation, and the fate of President Donald Trump's tariffs. And later: Applications for adjustable-rate mortgages have more than doubled over the past year, according to the Mortgage Bankers Association.

Existing home sales rose for the third consecutive month in November based on data from the National Association of Realtors.The seasonally adjusted total of 4.13 million homes sold in the last year was the highest since February, but it remained well below prior norms. From 2013 to 2023, existing home sales typically eclipsed 5 million per year.An article published by the Wall Street Journal noted that 54% of primary mortgage-holders have mortgage rates at or below 4%, which represents close to 30 million households.It appears the locked-in effect for single-family homes will continue next year. The Mortgage Bankers Association recently forecasted that mortgage rates will average 6.4% in 2026, giving very little relief to the lack of affordability in the for-sale home market.Explore our webpage for more insights and resources:https://bit.ly/Radix_Website

If you feel overwhelmed by conflicting commercial real estate forecasts, you're not alone. In this episode, Crosby and Zina cut through the noise by synthesizing insights from nine major industry sources, including CBRE, JLL, NAIOP, NAR Commercial, the Mortgage Bankers Association, and leading financial publications. They break down what's really shaping the 2026 CRE landscape, from tight capital markets and refinancing risk to sector-by-sector performance and the disruptive forces of technology and ESG. The takeaway is clear: commercial real estate is no longer about broad recovery, but about selectivity, function, and future-proof assets   What you'll learn from this episode Why debt availability, not demand, is the biggest factor shaping commercial real estate in 2026 How the upcoming maturity wall is forcing owners to refinance, recapitalize, or reposition assets What cap rate expansion means for pricing, valuations, and stalled deal flow The way the office market is dividing into high-quality assets and functionally obsolete properties Which commercial sectors are positioned to remain resilient despite capital constraints   Resources mentioned in this episode CBRE — Commercial real estate sector outlooks JLL — Global & U.S. CRE forecasts NAIOP — Office absorption & space utilization (Office Space Demand Forecast) MBA — Commercial & multifamily debt forecasts NAR Commercial — Investment & transaction trend analysis Bisnow — CRE technology & ESG coverage (tag hub) Commercial Observer — Capital markets & refinancing analysis CNBC — Macro-economic & real estate market coverage   Connect With Us Love what you're hearing? Don't miss an episode! Follow us on our social media channels and stay connected. Explore more on our website: www.alltechnational.com/podcast Stay updated with our newsletter: www.mochoumil.com Follow Mo on LinkedIn: Mo Choumil Stop waiting on underwriter emails or callbacks—TitleGPT.ai gives you instant, reliable answers to your title questions. Whether it's underwriting, compliance, or tricky closings, the information you need is just a click away. No more delays—work smarter, close faster. Try it now at www.TitleGPT.ai. Closing more deals starts with more appointments. At Alltech National Title, our inside sales team works behind the scenes to fill your pipeline, so you can focus on building relationships and closing business. No more cold calling—just real opportunities. Get started at AlltechNationalTitle.com. Extra hands without extra overhead—that's Safi Virtual. Our trained virtual assistants specialize in the title industry, handling admin work, client communication, and data entry so you can stay focused on closing deals. Scale smarter and work faster at SafiVirtual.com.

Stijn Schmitz welcomes Christopher Whalen to the show. Christopher Whalen is an Investment Banker, Author, and Chairman Whalen Global Advisors. The discussion centers on the current economic landscape, with a particular focus on gold, monetary policy, and the future of the global financial system. Whalen argues that the world is in the early stages of a gold up-cycle, primarily driven by central banks increasingly adopting gold as a key reserve asset. He emphasizes that while the US dollar remains crucial for global trade, its dominance is gradually shifting. Whalen provides insights into the current economic challenges, highlighting inflation as a significant concern. He suggests that the federal deficit and monetary expansion are primary drivers of economic instability. The conversation explores the potential for alternative monetary approaches, including gold-linked bonds and revaluing gold stocks, though Whalen remains skeptical about a complete return to a gold standard. Regarding global currency dynamics, Whalen believes the BRICS settlement currency and attempts to challenge the US dollar’s supremacy are unlikely to succeed in the near term. He argues that the dollar’s utility in financing transactions and its widespread acceptance make it difficult to replace. However, he anticipates a gradual decline in the dollar’s global share, moving towards a more multilateral system reminiscent of the pre-World War II era. On investment strategies, Whalen recommends diversification, particularly advocating for 10-20% of portfolios to be allocated to gold. He is cautious about current equity markets, especially tech stocks driven by artificial intelligence hype. The banking sector presents mixed prospects, with consumer banking relatively stable but commercial real estate posing significant challenges. Ultimately, Whalen remains optimistic about the United States’ economic potential. He believes the country’s natural resources, economic flexibility, and inherent strengths will help manage current financial challenges. The discussion concludes with a nuanced view of economic transformation, suggesting adaptation rather than catastrophic decline. Timestamps: 00:00:00 – Introduction 00:00:54 – Gold’s Long-Term Cycle 00:01:21 – Central Banks Buying Gold 00:03:13 – Inflation and AI Hype 00:05:44 – Monetary Inflation Defined 00:07:04 – Metals as Safe Havens 00:11:13 – Commodity Supercycle Thesis 00:13:03 – Treasury Debt Issuance Strategy 00:15:44 – Gold-Linked Bonds Proposal 00:19:12 – Gold Remonetization Incentives 00:21:36 – BRICS Currency Challenge 00:26:56 – Outgrowing US Debt 00:32:41 – Equities in Inflation 00:36:26 – Banking Sector Health 00:38:32 – Concluding Thoughts Guest Links: Website: https://www.rcwhalen.com/ X: https://x.com/rcwhalen Books (Amazon): https://tinyurl.com/mv3wctcr LinkedIn: https://www.linkedin.com/in/rcwhalen/ Over three decades, Chris has worked as an author, financial professional, and journalist in Washington, New York, and London. After graduating, he served under Rep. Jack Kemp (R-NY) at the House Republican Conference Committee. In 1993, he was the first journalist to report on secret FOMC minutes concealed by Alan Greenspan. His career included roles at the Federal Reserve Bank of New York, Bear Stearns & Co., Prudential Securities, Tangent Capital, and Carrington Mortgage Holdings. Christopher holds a B.A. in History from Villanova University. He is the author of three books: “Ford Men: From Inspiration to Enterprise” (2017), published by Laissez Faire Books; “Inflated: How Money and Debt Built the American Dream” (2010) by John Wiley & Sons; and co-author of “Financial Stability: Fraud, Confidence & the Wealth of Nations,” also with Wiley. He served on FINRA’s Economic Advisory Committee from 2011 to 2023 and was an advisor on Season 5 of SHOWTIME's “Billions.” Additionally, he was a fellow at Indiana State University (2008-2014), a member of Villanova School of Business' Finance Department Advisory Council (2013-2016), and a board member of the Global Interdependence Center (2017-2019). Christopher edits The Institutional Risk Analyst and contributes to other publications and forums. He has testified before Congress, the SEC, and FDIC. A regular media commentator on CNBC, Bloomberg, and Fox News, Chris is active on social media under “rcwhalen.” He is also a member of The Mortgage Bankers Association and The Lotos Club of New York.

Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world.In today's episode, we look at the latest findings from the Mortgage Bankers Association's (MBA) newly released Quarterly Mortgage Bankers Performance Report. Plus, Robbie sits down with Figure's Michael Tannenbaum for a discussion on how small-balance first-liens and HELOC-as-refi strategies work, the latest developments after the company's IPO, and his thoughts on the current lending climate. And we close by examining what the influence of the labor market on mortgage rates.Thank you to Figure. Figure is shaking up the lending world with their five-day HELOC, offering borrower approvals in as little as five minutes and funding in five days. Figure has hundreds of partners in the Banking, Credit Union, Home Improvement, and of course, IMB space embedding their technology. Lenders, give yo

Lisa Haynes shares her journey from a successful career in accounting to retirement and beyond. She discusses the challenges of transitioning into retirement, the importance of maintaining physical and mental activity, and the need for a plan to navigate this new phase of life. Lisa emphasizes the significance of legacy, personal growth, and the joy of helping others find fulfillment in their retirement years. Through her experiences and insights, she inspires listeners to embrace retirement as an opportunity for reinvention and purpose.Lisa J. Haynes is a former Chief Financial Officer, author,and CEO of Haynes Executive Solutions. After more than 30 years in finance and leadership—including serving as CFO of the Mortgage Bankers Association and senior roles at Fannie Mae and John Hancock Financial Services—she stepped awayfrom the corporate world to focus on helping others navigate life's biggest transitions with clarity, confidence, and purpose. A licensed CPA and Chartered Financial Consultant with dualcertification as an Executive Coach and Retirement Coach, Lisa blends deep professional expertise with a passion for personal transformation. Her boutique firm now supports individuals and organizations through executive coaching,retirement strategy, and financial consulting. Her latest book, Retired and Killin' It, challenges outdated ideas about aging and offers a bold, practical roadmap for turning retirement into a powerful new beginning. With her KILLIN IT formula, Lisa helps people embrace the psychological, emotional, social, and financial sidesof retirement—living with joy, legacy, and renewed purpose. Whether she's coaching, speaking, or writing, Lisa is knownfor her authenticity, sense of humor, and belief that reinvention is always possible. Beyond her work, she treasures her roles as a wife, mother, grandmother, and woman of faith. Get In Touch With Lisa:Website: www.retiredandkillinit.comFacebook: www.facebook.com/retiredandkillinitIG: @retiredandkillinitLinkedIn: https://www.linkedin.com/in/lisa-j-haynes-cpa-mba/

QUOTES FROM STEVE: "The challenge isn't how far we can push efficiency—but how affordable we can make it." "Give builders a clear target and the market will respond." "It's been a hell of a ride—thanks for the memories. Now it's your turn to take it to the next level." Steve Baden tells the story of RESNET®'s early days—from Alaska's energy-code back-and-forth to a market-based framework that encouraged builders with targets rather than rules. That experiment birthed home energy ratings, a national standard, and eventually RESNET® itself—formed with the Mortgage Bankers Association and state energy offices to create a uniform "MPG for homes." The payoff: 4.8 million HERS®-rated homes to date and 420k+ in the last year, with large production builders using the RESNET® HERS® score to compete on quality in down markets. Baden credits stepwise, consensus standards (HERS → ANSI©/RESNET® 301), rigorous QA, and healthy software competition for scaling with credibility. He highlights investments in the registry, virtual QA, and an "emerging leaders" pipeline to keep talent and ideas flowing. Looking ahead, he frames RESNET®'s million-ratings-per-year goal by 2028 against today's affordability crunch: performance gains must be paired with cost sensitivity, or we lock people out of housing. As Baden steps into a new chapter, he leaves a simple message behind: value the people, keep the partnerships strong, and keep RESNET moving forward.    Steve's LinkedIn: https://www.linkedin.com/in/steve-baden-54080212/   To the RESNET® community, we hear you and want to engage. Learn more at www.RESNET.us. For more info on this topic, contact RESNET at INFO@RESNET.US  

The salient point of today's discourse revolves around the intricate interplay between current economic indicators and consumer behavior within the furniture industry. We commence our examination with the alarming decline in the University of Michigan's Consumer Sentiment Survey, which has plummeted to 50.3, a figure that induces considerable apprehension amidst the ongoing federal government shutdown. Despite these disconcerting signals, we are privileged to gain insights from Todd Wanick, the CEO of Ashley Furniture, who articulates a cautiously optimistic outlook, emphasizing strategic adaptations in response to economic pressures. His assertion that the industry could experience a remarkable 30% growth in 2026 is underpinned by Ashley's innovative merchandising and increased reliance on domestic production. Furthermore, we delve into the evolving preferences of consumers, as evidenced by a survey revealing their profound attachment to specific spaces within their homes, thereby underscoring the significance of comfort and personal sanctuary in contemporary living arrangements.The discourse initiates with a thorough examination of the prevailing economic indicators that significantly influence consumer behavior within the furniture industry. As we delve into the latest findings from the University of Michigan's Consumer Sentiment Survey, we observe a distressing decline in the sentiment index, which has plummeted to a precarious 50.3 in November, nearing a historical low. This downturn is primarily attributed to the persistent uncertainties surrounding the federal government shutdown, which has engendered widespread apprehension across various demographic sectors. Furthermore, the slight uptick in inflation expectations, now hovering at 4.7%, compounds the prevailing sense of unease. However, amidst this economic turbulence, there exists a glimmer of optimism: the Mortgage Bankers Association reports an improvement in home affordability for the fourth consecutive month, with the national median mortgage payment experiencing a modest decrease. This development is poised to potentially liberate discretionary spending for home goods, thereby providing a counterbalance to the declining consumer sentiment.Transitioning from macroeconomic indicators to insights garnered from industry leadership, we engage with Todd Wanick, the esteemed CEO of Ashley Furniture, who provides a nuanced perspective on the current landscape. Despite the mixed economic signals, Wanick expresses an optimistic outlook, particularly noting the robust market attendance witnessed during recent tariff discussions at the High Point Market. His strategy reflects an adaptive response to the challenges posed by tariff rates, emphasizing a focus on re-merchandising to sustain critical price points. A pivotal aspect of Ashley's approach has involved a strategic pivot towards domestic production, facilitating the manufacturing of case goods and upholstery within the United States, which has proven successful. Wanick's bullish forecast for the industry, predicting a remarkable 30% growth in 2026, is reinforced by the strong performance indicators emerging from the third quarter earnings reports of several key players in the market.Concluding our exploration, we turn our attention to the evolving habits of consumers in their domestic environments, illuminated by a recent survey conducted by Stressless. This investigation reveals peculiarities in home usage, highlighting that a significant proportion of individuals have established 'claimed' spots within their residences, such as favorite chairs or designated sides of the sofa, with a striking 41% favoring recliners for their comfort. The survey further identifies the bedroom as the preeminent sanctuary for peace and quiet, underscoring its critical role as a personal retreat. Retailers are responding proactively to these insights, with Schewells Home deepening its market presence

On today's episode, Editor in Chief Sarah Wheeler talks with Marina Walsh, vice president of industry analysis at the Mortgage Bankers Association, about the MBA's forecast for 2026 on mortgage rates, home prices and profitability. Related to this episode: MBA forecasts mortgage origination volume of $2.2T in 2026 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠More info about HousingWire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To learn more about Trust & Will, click ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kevin covered the following stories: Mortgage Bankers Association reported applications to refinance home loans; Walmart U.S. CEO, John Furner, participated in CNBC's Invest in America Forum and an interview with ABC's George Stephanopoulos; Walmart announced Thanksgiving grocery prices; the latest oil and gas prices; Kevin has the details, digs through the data, discusses the information, puts the particulars into historical perspective, offers his insights and opinions.

Kevin covered the following stories: Mortgage Bankers Association reported applications to refinance home loans; Walmart U.S. CEO, John Furner, participated in CNBC's Invest in America Forum and an interview with ABC's George Stephanopoulos; Walmart announced Thanksgiving grocery prices; the latest oil and gas prices; Kevin has the details, digs through the data, discusses the information, puts the particulars into historical perspective, offers his insights and opinions.

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, president and CEO of the Mortgage Bankers Association, about the latest news on credit scores and what a GSE release might look like. To learn more about Trust & Will, click ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Related to this episode: MBA forecasts $2.2T mortgage origination in 2026 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠More info about HousingWire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enjoy the episode! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode, Editor in Chief Sarah Wheeler talks with Pete Mills, senior vice president of residential policy at the Mortgage Bankers Association, about GSE reform, legislative priorities and the impact of the government shutdown on housing. To learn more about Trust & Will, click ⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠⁠⁠ Related to this episode: MBA Annual Registration Is it possible for the GSEs to exit conservatorship without market disruption? | HousingWire ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠More info about HousingWire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enjoy the episode! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices

Later today, we'll get a sense of where mortgage interest rates are right now from the Mortgage Bankers Association. And we'll learn whether Federal Reserve policymakers cut interest rates and by how much. Thing is, the Fed's rate-cut decision might not reduce mortgage rates, because they've already come down in anticipation. Plus, Microsoft invests billions in the U.K.'s AI industry. And later, we'll hear why U.S. per capita emissions fell 30% in the last two decades.

Later today, we'll get a sense of where mortgage interest rates are right now from the Mortgage Bankers Association. And we'll learn whether Federal Reserve policymakers cut interest rates and by how much. Thing is, the Fed's rate-cut decision might not reduce mortgage rates, because they've already come down in anticipation. Plus, Microsoft invests billions in the U.K.'s AI industry. And later, we'll hear why U.S. per capita emissions fell 30% in the last two decades.

Part two of this special series dives into three critical pieces of the 2025 housing market shift: home sales, inventory, and affordability. David Sidoni breaks down the numbers, explains why headlines can be misleading, and shows how today's changes open up new opportunities for first-time buyers.The 2025 housing market is in the middle of a transformation unlike anything seen in decades. In part two of this three-part series, David Sidoni unpacks the latest on home sales, shifting inventory, and affordability. He shares how existing home sales have dropped to just over 4 million in recent years, but new data and falling mortgage rates are signaling a move back toward healthier levels. Headlines might scream contradictions — sluggish sales one day, rising applications the next — but that's exactly why staying educated matters. Inventory is building, builders are offering incentives, and affordability is showing signs of life. For first-time buyers, understanding these shifts is the key to beating the rush and securing a home before competition heats back up.Quote: “If you take advantage of this shift now, you can beat the bum rush of a bazillion other buyers.”Highlights:Existing home sales data from 2019–2025 and what it means for first-time buyersWhy headlines about sales and applications seem contradictoryThe role of new construction and builder incentives in boosting supplyHow declining mortgage rates are already improving affordabilityActionable insights on how to prepare for the next market phaseReferenced Episodes:Part 1 of this 2025 Crucial Housing Market Shift series (home prices & mortgage rates)355 - Real Answers Pt 4: Should I Rent or Buy in 2025?Sources:Zillow, Redfin, Goldman Sachs, Housing Wire, Ris Media, US News, Bloomberg, The National Association of REALTORS®, Realtor.com, Homes.com, Zelman & Associates, Brian Buffini and other housing economists, The Mortgage Bankers Association, U.S. Census Bureau, Fannie Mae, Freddie Mac, financial Samurai, Moody's, Inman, US News, Apollo Global, Wells Fargo, and the National Association of Home Builders.Connect with me to find a trusted realtor in your area or to answer your burning questions!Subscribe to our YouTube Channel @HowToBuyaHomeInstagram @HowtoBuyAHomePodcastTik Tok @HowToBuyAHomeVisit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer. Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us! This is one part of a 3 part series highlighting the most significant housing market shift since this podcast began in 2019. Check out the podcast library for the full series for a complete update.

For the first time in over a decade, real change is reshaping the housing market. Prices, inventory, and affordability are shifting in ways that could finally give first-time buyers a new opportunity.In this episode, David Sidoni delivers a data-packed breakdown of the biggest housing market change in 17 years. After years of historically low inventory, rising prices, and brutal bidding wars, 2025 is bringing something different: falling prices in many metros, improving affordability, and a rare increase in available homes.David explains why this isn't a crash, but a shift toward semi-normal conditions — and how you can use this to your advantage. With most experts predicting 2–4% appreciation in 2025, smart buyers who act early can secure homes before the public catches on.This is part one of a three-part market update series designed to help you build a winning 2025–2026 strategy.Quote“For the first time in 17 years, inventory is actually improving — and that changes everything.”HighlightsWhy home prices are actually falling in many metros.The surprising percentage of listings with price cuts this summer.How builders are slashing prices and narrowing the gap with resale homes.What most experts really predict for home values in 2025.How first-time buyers can take advantage of this rare shift.Sources: Zillow, Redfin, Goldman Sachs, Housing Wire, Ris Media, US News, Bloomberg, The National Association of REALTORS®, Realtor.com, Homes.com, Zelman & Associates, Brian Buffini and other housing economists, The Mortgage Bankers Association, U.S. Census Bureau, Fannie Mae, Freddie Mac, financial Samurai, Moody's, Inman, US News, Apollo Global, Wells Fargo, and the National Association of Home Builders.Connect with me to find a trusted realtor in your area or to answer your burning questions!Subscribe to our YouTube Channel @HowToBuyaHomeInstagram @HowtoBuyAHomePodcastTik Tok @HowToBuyAHomeVisit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer. Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!This is one part of a 3 part series highlighting the most significant housing market shift since this podcast began in 2019. Check out the podcast library for the full series for a complete update.

The following stories were covered during today's show: The White House released "Winning the AI Race: America's AI Action Plan;" the U.S. Labor Department reported the U.S. Weekly Jobless Claims; S&P Global released the Composite Purchasing Manager's Index (PMI), the Manufacturing PMI Contracts, and Services PMI; the Mortgage Bankers Association reported the Weekly Mortgage Application Volume Index; the U.S. Commerce Department's Census Bureau reported June U.S. New Home Sales; Kevin has the details, sifts through the data, offers his insights, puts the data into historic perspective and offers an opinion or two. Oil and gas prices react to expected Russian cuts in gasoline exports, optimism over U.S. and European Union trade negotiations, sharper than expected draws on U.S. crude oil inventories, ongoing Russia and Ukraine peace talks and uncertainty over U.S. - China trade talks.

The following stories were covered during today's show: The White House released "Winning the AI Race: America's AI Action Plan;" the U.S. Labor Department reported the U.S. Weekly Jobless Claims; S&P Global released the Composite Purchasing Manager's Index (PMI), the Manufacturing PMI Contracts, and Services PMI; the Mortgage Bankers Association reported the Weekly Mortgage Application Volume Index; the U.S. Commerce Department's Census Bureau reported June U.S. New Home Sales; Kevin has the details, sifts through the data, offers his insights, puts the data into historic perspective and offers an opinion or two. Oil and gas prices react to expected Russian cuts in gasoline exports, optimism over U.S. and European Union trade negotiations, sharper than expected draws on U.S. crude oil inventories, ongoing Russia and Ukraine peace talks and uncertainty over U.S. - China trade talks.

Curious what the rest of 2025 looks like for real estate in Waco and beyond? In this episode, Erica breaks down what buyers and sellers need to know right now—based on expert insights from the Mortgage Bankers Association, Keeping Current Matters, Logan Mohtashami, and more.We'll cover: Mortgage rate expectations through the end of the year Home prices and inventory trends in Central Texas What smart moves look like in today's market Whether you're upsizing, downsizing, or just need clarity—this episode is for you.

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, CEO of the Mortgage Bankers Association, about the progress of the trigger lead bill in Congress as well as the deregulation of the mortgage industry under President Trump. Related to this episode: ⁠As trigger leads ban inches closer, MBA's Broeksmit talks deregulation, conservatorship | HousingWire⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠More info about HousingWire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enjoy the episode! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's show is an unusual show in that we are quoting national statistics. As you know, I don't love national numbers because they reflect averages and the average often doesn't apply in specific areas. When we look at demand for homes, and for rentals, there are historic norms that are based on demographics and employment that most market analysts use to predict demand for housing. This feeds into well understood models for household formation, the age at which people start having children, and the time when they purchase their first home. Recent studies are showing that the high cost of housing, combined with higher interest rates rates are reducing the number of new homes being sold to first time buyers across the US. The Mortgage Bankers Association published a new report earlier this week that outlines some startling statistics for single family home sales. We're going to look at these numbers and then infer what the implications might be for property investors, specifically in the apartment space and in the built to rent segment. Historically, first time home buyers have accounted for an average of 36% of home purchase transactions over the past 20 years. For 2024, this proportion fell to an all time low of 24% of purchases. First homes are being purchased nearly a decade later than historic norms. All of the major national home builders are reporting a slowdown in home sales and an acute slowdown in first time home buyers. Pulte homes, the nation's third largest home builder reported an 11% decline in first time home sales. -------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Should you invest in gold for the long term? Gold has been a great asset to hold over the last year, but I remain a skeptic of investing in gold long term. I personally don't own any gold nor would I recommend buying gold at this point in time. While the recent gains in the price of gold look attractive, given the fact it is up over 20% so far this year in a difficult market, the long-term results aren't enticing. There are periods of time where gold has been a strong performer, but trying to guess those periods is extremely difficult. If we look at January 1980 gold reached $850 per ounce, but the important number here is that the inflation adjusted price was $3,486 per ounce. This means it was not until recently when gold hit $3,500 per ounce, we see an all-time high on an inflation adjusted basis and essentially you made no real gain for over 45 years. At the end of the day gold is just a piece of metal worth only what the next person will pay for it. It has no earnings, no interest, no rents. This makes it extremely difficult to value and given the added expenses for trading and holding gold, it just does not make sense to me. I will continue to invest in good strong businesses at fair prices as I believe that is the best strategy for long term wealth creation.   Why is the government supporting universities with large endowments? I've never really thought about this before. I have known that some big universities have multibillion dollar endowment funds, but I did not realize that 658 institutions have approximately $874 billion, which is nearly $1trillion in endowment funds. When I dug a little bit deeper, I discovered that in addition to these universities receiving money from the federal government via grants, some pay little or no income tax and also get a waiver on property taxes. If you're starting to get a little bit irritated at this point because your hard-working dollars are going to universities like Harvard that has a $53 billion endowment or Yale with a $41 billion endowment, you might be like me and think it's time that things change. The cost of tuition at Harvard is $57,000 per year and the President makes about $1.3 million a year. The president of San Diego State University has a salary of $531,000 and the cost for one year of tuition is about $8700. I'm sure the students at Harvard do receive a more prestigious education than at San Diego State University, but is it 6 1/2 times better? Do the students that graduate from Harvard make a salary that's 600% more than a graduate from San Diego State University? I don't think so. I wondered where money from these endowments goes and basically 48.1% of endowment distributions go to fund student financial aid, 17.7% goes to academic programs and research, 10.8% is used for endowment faculty positions and nearly 17% of the endowment funds are used for other purposes. Wouldn't it be nice to know what those purposes are? I think we need to take a hard look at what universities have in their endowment funds, their tax benefits and grants, and let's have more students here in the United States benefit from those billions of dollars to get a good education as opposed to the fat cats in the Ivy League towers of the universities. One other point I found interesting was the investing philosophy for these endowment funds. The goal is to earn around 8% per year and pay out 4.5% to 5% to fund those various expenses. This should then allow the endowment fund to continue growing. A big problem is many have not been able to achieve that goal with only 25% of 152 schools that were surveyed being able to meet the 8% return over the last 10 years. The other concern is if they can't cut expenses if there is a lack of grants, many endowments are not liquid. Harvard for example had 39% in private equity, 32% in hedge funds, 5% in real estate, 3% in real assets, and just 3% in cash. With all this said I really believe this system should be reviewed to better the entire country, rather than just the Ivy League system.   Could the trade wars hurt home prices? We are starting to see some cracks in the housing market, such as the delinquency rate on FHA mortgages, which cater to the high-risk borrowers who can't qualify for a conventional mortgage because they either have a small down payment or weak credit. The delinquency rate for FHA currently stands at 11% according to the Mortgage Bankers Association, it has not been at this level for 12 years. Unfortunately, and we warned against it, but many people have stretched themselves too far financially to get into a home over the last few years. Because it's only been two or three years since they bought their home, after fees and commissions they may not have much if any equity built up in that home. Another area of weakness that is being seen is with the homebuilders who have really increased their incentives because they have more completed but unsold homes. The builders are getting a little bit worried because they have not seen this many homes sitting on their lots with no buyers since 2009. The average incentives for homebuilders is usually around 5% of the total value of the home, but we are starting to see some incentives around 13% from big builders like Lennar. The volatility of the 10-year treasury, which mortgages generally trade off of, has not been helpful because it has had a wide trading range lately. This then makes it difficult for homebuyers to lock in a good rate. At this point in time, I think I would be waiting to buy a home until maybe late summer. I think there should be some good deals at that point in time as the tariff war should continue to progress and we should have a clearer picture of the economy by that time.   Financial Planning: Why converting 100% of pretax is bad Roth conversions can be a powerful tax planning tool, but like any tool, using it the wrong way can do more harm than good. One of the most common mistakes we see is the idea that you should convert all of your pre-tax retirement savings, like a traditional IRA or 401(k), to a Roth account. Everyone loves the idea of a tax-free retirement. When you convert money from a traditional IRA to a Roth IRA, you're moving it from a pre-tax account to a tax-free account, but there's a price, the converted amount is considered income and you must pay ordinary income tax in the year of the conversion. Once converted funds grow tax-free. The best way to think about money in a pre-tax account is that it is deferred income.  It will be taxed, it's just a matter of when.  When you make contributions to a pre-tax account, you are not receiving a tax deduction, you are deferring income to a future year. When performing a Roth conversion, you are voluntarily deciding to pay tax on that income, even though you don't have to yet.  This only makes sense if you are able to convert at a lower tax rate than you would otherwise be subject to if you did not convert.  This most commonly happens between the beginning of retirement, typically in your 60's, and the beginning of your required distributions at age 75. During that period taxable income is generally lower which means conversions may be done at a lower tax rate than when required distributions begin at 75. Required distributions can be a problem because if you have too much in pre-tax accounts, your required taxable distributions may push you into a higher tax bracket and trigger IRMAA.  Roth conversions help this by shifting funds from pre-tax to tax-free, therefore reducing the level of taxable distributions beginning at 75.  However there is an efficient amount that should be converted for every person.  Converting 100% of pre-tax funds means you will likely be in a lower tax bracket after the conversions, and will potentially not have any tax liability at all.  This doesn't sound bad, but it means you likely paid too much in tax to convert the funds in the first place.  Again, money in a pre-tax account is deferred income that will be taxed.  The goal is to have that income taxed at the lowest rate possible.  If you convert too aggressively you may be settling for a higher tax rate on the money coming out and not receive enough tax-free income from the Roth to justify it.  Instead, structuring withdrawals and conversions to keep your taxable income consistently low all through retirement will result in a higher level of after-tax income.   Companies Discussed: Netflix (NFLX), The Walt Disney Company (DIS), Albertsons Companies, Inc. (ACI) & UnitedHealth Group Inc (UNH)

Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White. In this episode, your hosts, Carl White and Owen Lee dive into the latest updates on the mortgage industry, focusing on the recently introduced trigger lead bill in Congress. Owen shares key highlights from the Mortgage Bankers Association's advocacy conference, revealing strong bipartisan support for the bill aimed at regulating trigger leads. They also discuss the implications of this legislation, the role of AI in the industry, and the potential timeline for its passage. Don't miss this engaging conversation that sheds light on the future of mortgage lending! Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.

This podcast segment draws inspiration from Rory McIlroy's comeback win at the Masters to emphasize the importance of mindset, perseverance, and staying focused on long-term success over short-term fluctuations.-----------------------------------------David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

In this episode of Lykken on Lending, we sit down with Bob Broeksmit, President and CEO of the Mortgage Bankers Association, for a timely and insightful conversation on the state of the mortgage industry. From key advocacy efforts on Capitol Hill to the future of Fannie Mae and Freddie Mac, Bob shares updates on GSE reform, HUD leadership, and the regulatory shifts shaping housing finance today. We also dive into market trends like consumer direct lending and the implications of recent M&A activity—including Rocket's headline-grabbing moves. If you're looking for a front-row seat to the forces driving mortgage policy and market dynamics, this episode is a must-listen.

This podcast segment covers the Mortgage Bankers Association urging the FHFA to simplify its credit score modernization initiative, citing concerns over complexity, consumer cost, and implementation readiness.-------------------------------------------------------------Adam DeSanctis, VP of Communication at Mortgage Bankers AssociationAs a strategic public affairs and communications executive with nearly two decades of experience, Adam has deep expertise in strategy, management, and media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.

We break down the Federal Reserve's latest rate decision, the release of their minutes, the press conference, and the updated Summary of Economic Projections. We'll also take a look at key macroeconomic highlights from the past week, including retail sales, housing data, and insights from regional Fed surveys and indices. Finally, we sift for some key takeaways from the Mortgage Bankers Association's Q4 2024 report on commercial mortgage debt outstanding. Key Moments:01:36 Federal Reserve Rate Decision and Economic Projections06:27 Impact on Commercial Real Estate08:18 Macro Highlights: Retail Sales and Housing Data10:44 Manufacturing Indexes and Industrial Real Estate19:41 Financial Conditions and Stress Indexes24:18 Mortgage Bankers Association Q4 Report29:07 Upcoming Conferences and Events Resources Mentioned:FOMC meeting – https://www.federalreserve.gov/monetarypolicy/fomcpresconf20250319.htmAdvance Monthly Sales For Retail And Food Services, February 2025 - https://www.census.gov/retail/marts/www/marts_current.pdfMonthly New Residential Constructino, February 2025 - https://www.census.gov/construction/nrc/current/index.htmlEmpire State Manufacturing Survey - https://www.newyorkfed.org/survey/empire/empiresurvey_overviewPhilly Fed Manufacturing Business Outlook Survey - https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/manufacturing-business-outlook-surveyMortgage Bankers Association's Commercial/Multifamily Mortgage Debt Outstanding quarterly report - https://www.mba.org/news-and-research/newsroom/news/2025/03/18/commercial-and-multifamily-mortgage-debt-outstanding-increased--47.7-billion-in-third-quarter-of-2024Email us - altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

Aging brings challenges, but the mindset we bring to it can make all the difference. In this episode, Dr. Joe Casciani welcomes David Lereah. David is the founder of United We Age, to explore the power of positive aging, resilience, and community engagement. David shares his remarkable journey surviving stage 3 esophageal cancer and how it transformed his perspective on aging. And how this led him to champion support programs for seniors. Together, they discuss: How mindset and resilience impact aging outcomes The importance of engaging seniors in meaningful activities Support systems for residents in long-term care How volunteers and youth programs can help bridge the generational gap The role of storytelling and shared experiences in positive aging Join us as we explore ways to help seniors find purpose and cope with challenges. And hear more about embracing a mindset of growth and optimism.

This podcast segment explores regional mortgage production trends, the impact of economic conditions on lending, cost-cutting strategies for mortgage lenders, and key industry events shaping the future of housing finance.-----------------------------------------David G. Kittle, CMB is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.He resides in Louisville, Kentucky, he has four children and two grandchildren.

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, president and CEO of the Mortgage Bankers Association, about the trade group's priorities under the Trump administration. Related to this episode: Bob Broeksmit outlines MBA priorities under Trump administration | HousingWire HousingWire | YouTube More info about HousingWire   Enjoy the episode! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices

D.O. hosts an unscripted, raw Q&A session with the Mortgage Bankers Association of Central Florida. From rookie mistakes to scaling your business, this episode delivers actionable insights from industry leaders who are in the trenches daily.

Homeownership is a dream many aspire to, but sadly don't have access to due to affordability. Before they can even think of affording a mortgage…getting money for a down payment can be a real struggle. What a lot of people don't know is that there are down payment assistance programs that can help them get into a home. 80% of home buyers qualify for down payment help but only 15% actually use it. As agents, this provides a lucrative opportunity to provide a valuable solution. Down payment help is the perfect marketing message to put in front of buyers right now. We can win more business by leveraging a valuable resource that will get more people into homes, save them lots of money and help them build equity faster. And it will put more dollars in our own pockets too! How do we leverage these programs to bring more value to buyers? How does this offering add to our marketing prowess? In this episode, I'm joined by founder and CEO of Down Payment Resource, Rob Chrane. He shares how we can add down payment assistance to our toolkit. Things You'll Learn In This Episode Closing the 65% home affordability gap There's a huge gap between the down payment assistance that's available and the people who actually use it. What can agents do to get these valuable resources to more people, and how will it put more money in your pocket? Erase the negativity A lot of people - agents and consumers alike have negative connotations of FHA programs. How does this negativity rob us of lucrative opportunities? Another way to add value to buyers Down payment assistance doesn't just apply to buyers - it also applies to houses. How can real estate professionals use this to win more business? Guest Bio Rob Chrane is founder and CEO of Down Payment Resource and a leader in the homeownership affordability space. A 30-year veteran of the real estate and mortgage industries, Chrane launched the only comprehensive database of U.S. homebuyer assistance programs and developed tools that empower lenders, borrowers and real estate professionals to connect homebuyers with affordability programs. Chrane actively collaborates with housing organizations and coalitions such as the Urban Land Institute, National Fair Housing Alliance and the Mortgage Bankers Association's CONVERGENCE initiative. He is a frequent speaker at national and local events on the topic of homeownership affordability. To learn more about how you can leverage this tool, visit https://downpaymentresource.com/. About Your Host ​​Licensed Managing Broker, REALTORS®, avid volunteer, and Major Donor, Marki Lemons Ryhal is dedicated to all things real estate. With over 25 years of marketing experience, Marki has taught over 250,000 REALTORS® how to earn up to a 2682% return on their marketing dollars. Six-time REALTOR® Conference and Expo featured attendee, one of 100 speakers selected to speak the REALTOR® Conference & Expo five times, and an Inman closing Keynote Speaker. Marki's expertise has been featured in Forbes, Washington Post, http://Homes.com , and REALTOR® Magazine. Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you!

Homeownership is a dream many aspire to, but sadly don't have access to due to affordability. Before they can even think of affording a mortgage…getting money for a down payment can be a real struggle.  What a lot of people don't know is that there are down payment assistance programs that can help them get into a home.  80% of home buyers qualify for down payment help but only 15% actually use it. As agents, this provides a lucrative opportunity to provide a valuable solution.  Down payment help is the perfect marketing message to put in front of buyers right now. We can win more business by leveraging a valuable resource that will get more people into homes, save them lots of money and help them build equity faster.  And it will put more dollars in our own pockets too!   How do we leverage these programs to bring more value to buyers? How does this offering add to our marketing prowess?  In this episode, I'm joined by founder and CEO of Down Payment Resource, Rob Chrane. He shares how we can add down payment assistance to our toolkit.    Things You'll Learn In This Episode  Closing the 65% home affordability gap  There's a huge gap between the down payment assistance that's available and the people who actually use it. What can agents do to get these valuable resources to more people, and how will it put more money in your pocket?  Erase the negativity  A lot of people - agents and consumers alike have negative connotations of FHA programs. How does this negativity rob us of lucrative opportunities?   Another way to add value to buyers  Down payment assistance doesn't just apply to buyers - it also applies to houses. How can real estate professionals use this to win more business?  Guest Bio Rob Chrane is founder and CEO of Down Payment Resource and a leader in the homeownership affordability space. A 30-year veteran of the real estate and mortgage industries, Chrane launched the only comprehensive database of U.S. homebuyer assistance programs and developed tools that empower lenders, borrowers and real estate professionals to connect homebuyers with affordability programs. Chrane actively collaborates with housing organizations and coalitions such as the Urban Land Institute, National Fair Housing Alliance and the Mortgage Bankers Association's CONVERGENCE initiative. He is a frequent speaker at national and local events on the topic of homeownership affordability. To learn more about how you can leverage this tool, visit https://downpaymentresource.com/.    About Your Host ​​Licensed Managing Broker, REALTORS®, avid volunteer, and Major Donor, Marki Lemons Ryhal is dedicated to all things real estate. With over 25 years of marketing experience, Marki has taught over 250,000 REALTORS® how to earn up to a 2682% return on their marketing dollars. Six-time REALTOR® Conference and Expo featured attendee, one of 100 speakers selected to speak the REALTOR® Conference & Expo five times, and an Inman closing Keynote Speaker. Marki's expertise has been featured in Forbes, Washington Post, http://Homes.com , and REALTOR® Magazine.   Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you!

Following the 2024 election, Donald Trump's return to the presidency, along with anticipated Republican Senate control, signals potential shifts in mortgage policy, GSE reform, and regulatory leadership, with the Mortgage Bankers Association planning further analysis on implications for the industry.-------------------------------------------------------------Adam DeSanctis, Director of Public Affairs at Mortgage Bankers AssociationAs a strategic public affairs and communications executive with nearly two decades of experience, Adam has deep expertise in strategy, management, and media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA's social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA's research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA's organizational public affairs plan, media relations and member communications support for mPower, MBA's Opens Doors Foundation and MBA's Diversity, Equity, and Inclusion programs.

On today's episode, Editor in Chief Sarah Wheeler talks with Bill Killmer, Senior Vice President of Legislative and Political Affairs at the Mortgage Bankers Association, about the election and the issues MBA is working on across the aisle. Related to this episode: Election season is in the air at MBA Annual | HousingWire Mortgage Bankers Assocation Bill Killmer | LinkedIn HousingWire | YouTube More info about HousingWire   Enjoy the episode! The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the dream of homeownership slipping away? Joining us in this episode is Pete Mills, Senior Vice President of the Mortgage Bankers Association, to provide his expert perspective on the affordability crisis.   We discuss the complexities of today's market, including the impact of interest rates, buyer agent compensation, and financing challenges. Pete sheds light on the role of local governments in addressing supply issues and explores innovative solutions for making homeownership more accessible.   We also unpack how the Mortgage Bankers Association worked with the VA on the changes made post settlement and the Harris housing plan. This episode is packed with insights on the ever changing industry landscape.   Connect with Pete on LinkedIn and learn more about Mortgage Banker Association at www.mba.org/home.    Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube - Facebook - TikTok. Visit us online at realestateinsidersunfiltered.com. Link to Facebook Page: https://www.facebook.com/RealEstateInsidersUnfiltered Link to Instagram Page: https://www.instagram.com/realestateinsiderspod/ Link to YouTube Page: https://www.youtube.com/@RealEstateInsidersUnfiltered Link to TikTok Page: https://www.tiktok.com/@realestateinsiderspod This podcast is produced by Two Brothers Creative 2024.

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, the president and CEO of the Mortgage Bankers Association, about the latest news for independent mortgage banks regarding the election, updates to the HUD 203k program, Basel III re-proposal wins and more. Broeksmit will be a featured speaker at HousingWire's IMB Summit on Oct. 1. Related to this episode: IMB Summit ‘Common sense has prevailed' as Basel Endgame proposal will be revised HousingWire | YouTube More info about HousingWire Enjoy the episode! The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team. Learn more about your ad choices. Visit megaphone.fm/adchoices