Podcasts about mortgage news daily

This podcast segment covers a holiday-shortened week brought temporary calm to bond markets, but political pressure on Fed Chair Powell and looming data releases suggest renewed volatility ahead.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This podcast segment covers Bond markets that faced sharp swings this week as misleading tariff headlines and ongoing trade negotiations overshadowed economic data and drove yield volatility.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

(AURN News) — Buying a home just got even harder as mortgage rates jumped sharply and bond market volatility returned in force. According to a report by Mortgage News Daily, the 10-year Treasury saw the biggest week-over-week increase since 1981, a move that quickly rippled through lending rates. Lenders have now raised the typical rate for a 30-year fixed conventional mortgage to 7.125%, the outlet reports. That's a half percentage point higher than last week and marks the biggest single-week jump since 2022. The spike in rates adds more pressure to prospective homebuyers already facing high prices and limited supply — making the path to homeownership, often called the American dream, even more difficult. Learn more about your ad choices. Visit megaphone.fm/adchoices

This podcast segment covers Bond markets that faced sharp swings this week as misleading tariff headlines and ongoing trade negotiations overshadowed economic data and drove yield volatility.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This podcast segment unpacks unexpected bond market behavior amid inflation surprises, tariff uncertainty, and end-of-month trading dynamics—highlighting key trends from housing data to Fed sentiment.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This podcast segment covers the Fed's decision to slow quantitative tightening and a steady rate outlook sparked a midweek bond rally, even as housing data remained mixed and markets await key inflation readings.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

Despite a volatile bond market driven by CPI and PPI data, Treasury auctions, and shifting stock correlations, traders remain focused on the upcoming Fed announcement and dot plot, which could shape rate expectations for the months ahead.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This podcast segment Market volatility surged last week as Germany's debt ceiling proposal shook global bonds, Fed Chair Powell signaled economic stability, and all eyes now turn to the upcoming inflation report for clues on the next move.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This podcast segment explores recent bond market trends, the impact of economic data on yields, and how investor sentiment, weaker GDP forecasts, and shifting fiscal policies are driving a flight to safety in the financial markets.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This podcast segment explores the latest bond market trends, the Fed's stance on quantitative tightening, and key economic indicators—including PMI and inflation data—driving interest rate movements.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

As of today, February 18, 2025 and according to Mortgage News Daily, the 30 year mortgage national rate dipped below 7%.  Now that we are roughly a month and a half into the new year, you may be asking yourself if 2025 is a year to buy, sell or hold?  This afternoon on the Jon Sanchez Show at 3pm, we'll discuss 5 themes that will help you answer those questions.

This week's MBS Live Market Update explores how a surprising AI breakthrough, shifting tariff policies, and market volatility influenced bond yields and interest rates.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This week's MBS Live Market Update explores how a surprising AI breakthrough, shifting tariff policies, and market volatility influenced bond yields and interest rates.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

The entire real estate industry has been held hostage by 6-8% mortgage rates the past several years, and while many "experts" predicted they would be in the low 6s or high 5s by now, per Mortgage News Daily, they are currently sitting in the low 7s. Now we're getting headlines about Trump tariffs and their potential impact on the economy, and many are concerned that they will cause mortgage rates to go even higher. But is that a guarantee? And could they actually cause rates to go lower? Yes, but you sometimes need to be careful what you ask for... This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / stephen@piperinsurancegroup.com / https://piperinsurancegroup.com  As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.

The bond market remained steady last week amid limited economic data, with upcoming Treasury auctions, the Fed announcement, and key inflation reports expected to drive volatility and influence interest rate trends.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

The bond market rallied last week on weaker-than-expected economic data and hints of rate cut possibilities from the Fed, with key inflation reports like CPI and PPI poised to shape momentum this week.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

Matt Graham provides an MBS market update, highlighting bond market movements, key economic data, and expectations for the upcoming jobs report and its implications for Fed decisions.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This week's the bond market shows signs of stabilization with yields leveling off, moderate economic data influencing trends, and upcoming key reports like PCE inflation and jobs data expected to shape market movements after the Thanksgiving holiday.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This week's report analyzes the ongoing rise in treasury yields and mortgage rates, highlights key economic data impacts, and examines the Federal Reserve's cautious approach to potential rate cuts amid evolving economic conditions.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

In this week's report, the bond market faces significant volatility due to election odds, trader positioning, and upcoming key economic data, with the potential for mortgage rates to shift dramatically in the next week.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

In this week's report, the Fed's first non-emergency rate cut since 2019, a 50 bps reduction, sparked modest market reactions with focus on the dot plot projections and labor market data, suggesting potential further rate cuts contingent on economic trends.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

In this week's report, the Fed's first non-emergency rate cut since 2019, a 50 bps reduction, sparked modest market reactions with focus on the dot plot projections and labor market data, suggesting potential further rate cuts contingent on economic trends.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

The week's report discusses the bond market's reaction to recent CPI data, Fed speakers' comments, and speculation about the size of an upcoming rate cut, highlighting the impact of the dot plot on market expectations ahead of the Fed's decision.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

The week's report covers a volatile week in the bond market, driven by key economic data and Fed commentary, with market participants weighing the likelihood of a 25 or 50 basis point rate cut in the upcoming Fed announcement.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

The week's report analyzes recent bond market volatility, driven by economic data, Fed policy signals, and market reactions, with a focus on upcoming economic indicators and their potential impact on yields.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

This report analyzes recent bond market milestones, including the uninversion of the yield curve and key economic indicators, with a focus on how upcoming inflation data could influence Federal Reserve rate cut decisions.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

A calm week in the bond market with limited volatility, ongoing speculation about potential Fed rate cuts, and anticipation of key economic data releases, including GDP and PCE.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

Last week's bond market saw favorable movements driven by lower-than-expected CPI data, leading to increased speculations about potential Fed rate cuts, while political events had minimal impact on market reactions.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Last week, the bond market experienced volatility due to month-end and new month trading, economic data releases like ISM manufacturing and job reports, and clarified misinformation about President Biden, with a focus on upcoming CPI data to inform potential rate cuts.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Last week's bond market saw minimal movement influenced by retail sales, positional trading before the holiday, and a stronger-than-expected services sector report, with upcoming economic data and the PCE price index expected to have limited impact on volatility.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Last week's bond market saw increased volatility due to overseas events, economic data like the PCE price index, and political speculations, with significant movements attributed to month and quarter-end trading activities.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

In this episode of the Top of Mind podcast, Mike Simonsen sits down with Matt Graham from MBS Live and Mortgage News Daily. A former loan originator, Matt is one of the foremost technology innovators and market commentators in the mortgage industry. Matt talks about what to expect with mortgage rates for the rest of the year and into 2025, and offers keen insights into a variety of other economic indicators. About Matt Graham A former originator, Matt fell into the rabbit hole of following the bond market in order to better understand mortgage rate movement. While the systems available at the time were useful, they barely scratched the surface. They also ran the risk of teaching originators to focus on things that didn't really matter. So Matt set out to build something that solved both problems. In the 20 years that followed, Matt has proven to be the industry's foremost innovator in market data services designed specifically for mortgage originators. MBS Live continues to be the most trusted, most accurate, and most timely source of streaming bond prices, data and dialogue. Matt is routinely featured in the media as a mortgage rate expert and is responsible for helping several major media outlets modernize their mortgage rate reporting. He currently lives in the Pacific Northwest where he enjoys skiing, fishing, hunting, coaching youth sports, playing in the old guy league, and most of all, spending time with his family. Here's a glimpse of what you'll learn:  Why everyone was fooled about rates for 2024 What to look for with mortgage rates for the rest of the year and into 2025 What to look for in the inflation data for the next few months Which other macroeconomic measures we should be watching How the Fed communicates, and how markets react to the Fed The latest dynamics of mortgage pricing, fees and points Why the last two years has been “tougher than the Great Financial Crisis” for mortgage lenders Why the 8% interest rate in September 2023 was probably “defensive panic” and unlikely to repeat How the post-Covid stimulus money is still reverberating in the economy and the markets today Whether there's a threshold rate for where consumers start to buy homes His view of the imperative to “spread the wealth” of real estate in the US to more people, including those who are long term renters Resources mentioned in this episode: Matt Graham | LinkedIn MBS Live Mortgage News Daily Mike Simonsen | LinkedIn Altos Research Featuring Mike Simonsen, President of Altos Research A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets. Follow us on Twitter for more data analysis and insights: Altos on Twitter Mike on Twitter About Altos Research The Top of Mind Podcast is produced by Altos Research. Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels. Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.

The latest MBS market update highlights the Fed's decision to hold rates steady with a potential for lower rates, influenced by positive CPI data, lower-than-expected PPI figures, and rising jobless claims, while upcoming economic indicators may further impact future rate movements.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

MBS Live Market Update highlights a volatile week for the bond market influenced by mixed economic data, Treasury auctions, and key reports, with a focus on upcoming CPI data and the Fed's next announcement.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

MBS Live Market Update reports a volatile bond market week influenced by Treasury auctions, Fed speakers, and economic data, with significant movements driven by revised GDP and PCE price index figures, culminating in stronger momentum and cautious optimism for bonds.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Parade of Techniques: 1. The word of the day is perspective. A POT from Mike about a free app called Mortgage News Daily, which gives you rates and mortgage news. 2. We have a guy who has gotten eight of his last eight listing appointments; he has walked away with a listing! One little tiny adjustment: when he gets a listing lead, he has been attempting to meet with them the same day—tto do the appointment on the same day that he discovers the lead. Ask the experts: 1. I'm freaking out! My number one goal is to stop freaking out. Over what? There is a lot of new inventory because there are pockets of boom and bust! I work on this market; two miles away, there's cricket! What do I do to activate interest in my listings in this market where there's cricket and lots of inventory, even though, two miles ago, it was BOOM TOWN? 2. We have a student who has this listing in Mobile, Alabama. This is a Mardi Gras house. It is a BnB. It is a house that is for sale, but it also has a business. It generates about $60,000 a year in gross income and has been on the market for three months. The listing agent told them to start at $540,000, but they wanted to start at $560,000. They did. They are down to $550,000. She has done some great stuff. Still, it has been on the market for three months. “What do I do? ”

Matt Graham provides an update on recent market activity, focusing on the impact of weaker-than-expected job reports and heightened inflation expectations, and looks ahead to key economic data releases, including the upcoming CPI and PPI reports, which are anticipated to significantly influence bond yields.--------------------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Last week's market movements were driven by the Consumer Price Index (CPI) report, which showed a slight but insufficient downtrend in core inflation, resulting in a moderate bond market reaction and setting the stage for future data-driven market shifts.-----------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

The Fed acknowledged higher inflation and began quantitative tightening (QT), a slower pace of balance sheet reduction. The decision was well-telegraphed and had little negative impact on the bond market. Speaker 1 notes that the Fed's move was expected and did not cause any major surprises.--------------------------------------------------------------Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Get our free real estate course and newsletter: GRE Letter I state the reasons why I DON'T believe that the Federal Open Market Committee should lower interest rates. Rates are currently normalized. Watch the full Spartan Summit Presentation here. The first half is played on this episode. President Biden is trying to help the housing market's poor affordability and undersupply. Fed Chair Jerome Powell made recent remarks on the real estate market. He emphasized the lack of supply. High rates = strong economy Low rates = weak economy Lowering interest rates to zero is artificial and introduces distortions in an economy. If we have a recession, we need “rate cut ammo” in order to make cuts at that time. Lowering rates also sets up an inflationary environment. That's bad for society, but leveraged income property investors benefit. A “Fed pivot” means that the FOMC changes from raising rates to lowering rates, or vice versa. Resources mentioned: Show Page: GetRichEducation.com/493 Full Spartan Summit presentation video: On YouTube Freddie Mac mortgage survey: https://www.freddiemac.com/pmms Mortgage News Daily mobile app For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.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.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to Greece. I'm your host, Keith Whitfield. President Biden tries to help the housing market. Everyone wants to know when interest rates will be cut. I'm asking, why would we cut rates anytime soon? Yes. Some fed talk today and a lot more on get rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text gray to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free. It's called the Don't Quit Your Daydream letter and it wires your mind for wealth.   Keith Weinhold (00:01:15) - Make sure you read it. Text gray to 66866. Text gray 266866.   Corey Coates (00:01:27) - 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 (00:01:43) - Welcome, Jerry from Bowmanville, Pennsylvania, to Louisville, Kentucky, and across 188 nations worldwide. And Keith Wayne Holden, I'm grateful to have you here with me for another week. This is get rich education. I'm about to discuss the case for not lowering interest rates, and you'll hear a clip of Jerome Powell commenting on the real estate market shortly. But first, President Biden recently made a state of the Union address, and he unveiled his plan to help the Undersupplied housing market. Part of the plan was to help the buyer side the demand side with incentives, which I'm not sure that we need the support over there on that side. And now that would juice real estate prices. More on housing supply side. Biden's plan creates a $20 billion fund to build more rental housing and kill some construction restrictions. Okay.   Keith Weinhold (00:02:35) - Yeah, that's the key part of the plan. And that's more helpful. Help that supply side. Perhaps the most interesting part of the plan is a $10,000 credit that's meant to incentivize people to sell their starter homes. That's our president on housing. Let's pivot over to Club Fed. Yeah. Welcome in to Club Fed. There's no cover charge for some reason Janet Yellen still hanging around chaperoning. And she still looks like my grandma. Earlier this month, Fed Chair Jerome Powell acknowledged that the commercial real estate loan problems could cause manageable problems for regional banks, possibly for years. I find it interesting that he uses the word manageable when acknowledging problems on the commercial side. I mean, we'll see, but that kind of reminds me of one of Powell's predecessors, former Fed Chairman Ben Bernanke, in 2007, saying that the subprime loan problem was contained is the word that he used. And we all know that. I know the mortgage meltdown contagion of 2008 was anything but contained. Today, when we talk about Powell and interest rates back around 2021, he got beaten up pretty badly for not acknowledging rising inflation sooner.   Keith Weinhold (00:03:56) - But he's brought inflation down to about 3% without a recession. So some credit is due there, but not too much credit because the game's not quite over. And it took that torrid set of interest rate increases where they climbed a cliff in order to quell inflation. And that already hurt a lot of people, including those erstwhile commercial real estate people in their loans that jumped up to a higher interest rate. Now we're talking about interest rate policy. Let me give you something that's easy to remember. High rates mean a strong economy. Low rates mean a weak economy. With that in mind, let's look at where we've come from. And then we'll look at the future. A lot of people got drunk with easy money starting 15 years ago, because it was nearly free to borrow an interest rate of zero at the federal funds level. That gives you no incentive to save and more incentive to borrow and spend. Well, the federal funds rate was zero from 2009 to 2015 to get us out of the Great Recession.   Keith Weinhold (00:05:04) - And then it was zero again from 2020 to 2022 to help lift us out of Covid. That's the past since the federal funds rate, which a lot of other interest rates are based off of two since it quickly shot up starting two years ago, it's now been a full eight months since rates have moved at all. They haven't budged since July of last year. So that's where we are now and I'm fine with them staying here for a while now. Jerome Powell recently testified to the House Financial Services Committee. Let's listen in to him discuss real estate as he's questioned.   Jerome Powell (00:05:44) - The housing market is in a very challenging situation right now. You had this longer run housing shortage, but at the same time, you've got a bunch of things that have to do with the pandemic and the inflation and our response with higher rates. So you you have a shortage of homes available for sale because many people are living in homes with a very low rate mortgage that they can't afford to refinance. So they're not moving, which means the supply of regular existing homes that are for sale is historically low and very low transaction rate.   Jerome Powell (00:06:14) - That actually pushes up prices of of of other existing homes and also of new homes, because there's just not enough supply. The builders are busy, but they're running into, you know, all kinds of supply issues still around zoning and, and workers and things like that. So, so it's quite challenging. And of course, rates are high. So people who are buying a lot of the buyers are, are cash buyers or able to actually pay without a mortgage because mortgages are expensive, I will say. The first problem. The longer run problem of supply is a longer run problem. The other problems associated with low rate mortgages and high rates and all that, those will abate as the economy normalizes and as rates normalize. But we'll still be left with with the housing market nationally where where there's a housing shortage.   Keith Weinhold (00:07:02) - That's Jerome Powell on real estate. And I'm surprised that he said rates are high. Do you know what the long run federal funds rate is? It is 4.6%. That's the average. And currently it is at 5.3% where it's been for a while.   Keith Weinhold (00:07:18) - So it's not that much higher than average. The 30 year mortgage long run average is 7.7% for Freddie Mac. And that's been hovering around 7% for months now. So therefore both key rates are close to normal today. But despite that fact, seemingly everyone is waiting for the fed pivot. And what the fed pivot means is when they reverse their monetary policy stance. Meaning when they start lowering rates again after the long increase cycle that we're coming off of. Well, I'm here asking why should the fed pivot in lower rates since they're near normal now? All right. Let me give you some real perspective here. Look I'm going to describe a scenario to you and tell me what you think about this. Imagine a dreamy bygone era where there happened to be this period that saw a strong national labor market, plenty of jobs, steady GDP growth, rising wages and inflation a little above normal. All right, now that you're done imagining that cloudy slice of economic Americana. Pretty rosy scenario. Well, then you might consider raising rates in a situation like that to help cool off wage and price inflation.   Keith Weinhold (00:08:37) - Well, you know what I just did? I actually just described to you where we are today. That's what today's conditions are are. Yet there's still talk of lowering rates later this year. And now you might see why I'm questioning that because the economy doesn't need the help. Sure enough, in front of that same committee, Fed Chair Jerome Powell and other fed officials, they did say that they expect interest rates to come down later this year. I hope they're not doing that for political pressure or to try to reassure the stock market. Those would not be good reasons. And dropping rates to zero at the first sign of a crisis that shouldn't become a habit. Because, look, before the 2008 crisis, when they dropped from the zero, going all the way back to at least the 1950s, maybe longer rates were never zero. That entire time, see if the fed just steps back and doesn't touch rates for a while, then it's all the longer that more free market forces can prevail. I don't know that we need to constantly tinker with rates, like a greasy guy crawling under his classic car in his garage and tinkering around with it.   Keith Weinhold (00:09:52) - Another reason the fed should lower rates, and is because it needs to hold on to some rate cut ammunition in case there's a recession. Because in a recession, one of the best tools that the fed has to cool it off is by lowering rates in order to incentivize investment in a slow economy. But see what happens. If you use up all your ammo, you already start lowering it and you're already near zero. And then we have a recession. I don't know that America is ready for negative interest rate policy like some other nations have tried. And by the way, if you earn a negative interest rate, that means that if you park your money at the bank, you have to pay them interest rather than the bank paying you interest. They get the use of your money and you have to pay them for parking it there. That's a negative interest rate. Well, recessions have a strong correlation with lowering rates. I mean, just look back historically again, history over hunches. But you know, if you don't follow this stuff, the short story of what's happened the past several months is that interest rate cuts keep being delayed because of stubborn inflation that just won't fall down to the Fed's desired 2%.   Keith Weinhold (00:11:06) - And Powell also recently said that he needed just a bit more evidence that inflation was coming back down to normal levels before he'll reduce rates, although we're not far from it. That's exactly what he said. Now, if rates go back down and it's probably when rates go back down, look for the housing market to break loose. The interest rate lock in effect will wither away, property affordability will improve, and there's a good chance then, for a strong upward jolt on property prices on those values. Last year, the. There were some studies done and it was interesting. It showed that 5.5%, that is the magic mortgage rate level that makes the real estate market want to really transact. But this year, with rates that have stayed higher longer, surveys say that level is now up into the high fives. And there is another factor. As interest rates drop, the cost of maintaining our national debt also decreases. That is part of the calculus two. Well, if you're a fed watcher, a fed speak geek, you are in luck.   Keith Weinhold (00:12:15) - Because though it's not really much of a spectator sport, and the parties at Club Fed and all their PhD economists really aren't all that lively, if you're so inclined, one of the Fed's eight annual meetings where they announce any interest rate changes happens in just two days, and then the next two meetings conclude May 1st and June 12th. If you like to track rates, especially if you're perhaps in the mortgage loan process right now, my favorite website is Freddie Mac. The mobile app that I use is the Mortgage News Daily app, coming up here on a future episode of the show. Retirement. Some wanted, some don't. Real estate might give you an early retirement option, but I'm asking the question do you want to retire? Do you ever want to retire? We're going to go deep on that. And then what even is your definition of retirement today? You could learn something about yourself on that upcoming episode about retirement here. Speaking of spectator sports,, no, this is really one either. But you could have gotten on a jet and paid for a ticket to watch me speak.   Keith Weinhold (00:13:23) - Or you can listen free next to part of the recording of that presentation of mine at the Spartan Summit from earlier. They had me kick off their event. I was their opening speaker, and I share some things with that audience that really shake people up that they've never heard before. You will hear it both at new material as we play this and some things that you've heard before here on the show. But even those things I say differently in a format like this. So straight ahead, it'll be wealth mindset first and then the real estate investing fundamentals. If I could condense the best gray content in principles into less than an hour, you know, that's pretty close to what this presentation is. You hear about the first half of it coming up straight ahead. You're listening to get Rich education. You know, I'll just tell you, for the most passive part of my real estate investing, personally, I put my own dollars with Freedom Family Investments because their funds pay me a stream of regular cash flow in returns, or better than a bank savings account, up to 12%.   Keith Weinhold (00:14:31) - Their minimums are as low as 25 K. You don't even need to be accredited for some of them. It's all backed by real estate and that kind of love. How the tax benefit of doing this can offset capital gains and your W-2 jobs income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 66866. Oh, and this isn't a solicitation. If you want to invest where I do, just go ahead and text family to six, 686, six. Role under this specific expert with income property, you need Ridge lending Group and MLS 42056 in grey history, from beginners to veterans. They provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Charlie Ridge personally. They'll even customize a plan tailored to you for growing your portfolio.   Keith Weinhold (00:15:45) - Start at Ridge Lending group.com Ridge lending group.com.   Speaker 4 (00:15:55) - This is Hal Elrod, author of The Miracle Morning. And listen to get Rich education with Keith Weinhold and don't Quit Your Daydream.   Speaker 5 (00:16:16) - It is with great pleasure that I get to introduce you to our first speaker for today. He is the founder of get Rich education and host of the popular get Rich education podcast. His show has nearly 3 million listener downloads from all across the world. He also actively invest in apartment buildings, single family homes and agricultural real estate. He is a member of the Forbes Real Estate Council, and his work regularly appears in Forbes, Business Insider, and Rich Dad Advisors. Today, he's taking us back to the basics to discuss why real estate is such an attractive and solid investment option for those looking to find their own financial freedom. If you've listened to the grit Rich education podcast, then you've heard him speak. But today we are so thrilled that he's kicking off our second annual Spartan Summit. Ladies and gentlemen, here's Keith Reinhold.   Keith Weinhold (00:17:13) - Hi, my name is Keith Weinhold.   Keith Weinhold (00:17:14) - I am the founder of get Rich education. My presentation is called simply Why Real Estate? Because if you don't know why you're doing something, then you really won't care about how. And I'm really pleased to be first up here at the Spartan Summit, you're going to hear some things that you've never heard before today. For example, compound interest does not build wealth. Getting your money to work for you does not build wealth in the real world. And real estate investors, one of the first things they need to do is actually stop looking at property. So what is this financial heresy that I'm talking about? Well, I think it's going to be pretty clear to you in less than an hour's time here. It all starts with you thinking differently. You really need to open yourselves up. And I think you start to have the realization that any outsized thinker or doer, over time, did think outside the box to have that outsized impact, whether that's Thomas Edison or Jeff Bezos or Sara Blakely or Warren Buffett, they all dared to think differently.   Keith Weinhold (00:18:15) - And if you're not getting the results that you want in life, you know, maybe a great question to ask yourself is, am I thinking differently enough when you come of age in the world, whether you finish high school or college or whatever it is, you probably never really had this vision for yourself, or you're intentional and you say, yeah, I can't wait to go out there and live a small life. But then you know what? That's exactly what everyone does. Everyone goes out and lives a small life. So with thinking differently, you know, Mark Twain's got some great quotes about thinking differently. Mark Twain said, as soon as you find yourself on the side of the majority, it is time to pause and reflect. Absolutely love that for Mark Twain. Mark Twain also said one of his lesser known quotes is go out on a limb. That's where the fruit is. Yeah, absolutely. Love that one. So being a conformer does not build wealth or does not have a substantial positive impact on other people.   Keith Weinhold (00:19:16) - And you know, I wouldn't suggest that you think differently or do something differently if I weren't doing that myself. I don't know that I've had the outsized impact of some of those visionaries and inventors that I mentioned earlier. I probably haven't had as many years on this earth yet as them either. But one thing I did that was different is years ago I moved from Pennsylvania, where I was born, raised, and lived much of my life to Anchorage, Alaska. Well, that was deemed by Pennsylvanians and a good part of my peer group is a strange and unusual thing to do. But I knew that a place like Anchorage fit my interests for skiing and mountaineering because I had vacationed there. That was the place for me. The first ever home that I bought of any kind. I was only a rent paying tenant up until the day I bought a fourplex building where I lived in one unit and rented out the other three. That was pretty strange. I didn't start with a single family home. I quit my job, my good paying day job with benefits for residual income from real estate.   Keith Weinhold (00:20:14) - Another strange thing to do. I launched the get Rich education podcast in the year 2014. Kind of weird talking to myself in a little room all by myself. A lot of people didn't understand what I was doing then, so those are just some examples of some different things I've done. You know, you're different things are probably going to be different, but you really don't want to be a conformer if you think about it, high school was the place where you were rewarded for fitting in. But when you become an adult, really you get rewarded when you stand out and you don't be that conformer well, we talk about my presentation called Why Real Estate? We're really taking it from philosophy all the way through to the numbers here. And years ago, I would have loved to know why real estate made ordinary people wealthy. You know, an interesting thing. I'll just tell you, when I bought that first fourplex building, I didn't even know what terms like cash flow and equity meant. I did not even know the meaning of those terms.   Keith Weinhold (00:21:13) - And here I had owned a. Substantial building a $295,000 fourplex, which is a lot for me when I was working a day job and I bought it, and I think as a layperson before I bought that building and got down this road, I kind of thought, now, how could real estate possibly make people wealthy? Because real estate only appreciates at the at about the rate of inflation over time. That's about all it does. And I found that that part's true. And then real estate, it has the elements working on it from the outside. And it has tenants like working on it and wearing it down and degrading it from the inside. So how could real estate possibly be a good investment? I didn't understand that. I tell you, it's really important for you to learn from someone that's actually doing it. That's inside and doing this thing. I'm about as active as real estate investor could possibly be. I own Single-Family rental homes, up to larger apartment buildings, even some agricultural real estate. So it's important to learn from someone that's doing it.   Keith Weinhold (00:22:16) - And this presentation is really what my ears have shown me. And we talk about how you have to think differently and be opened up. You know, interestingly, we're in what people call the information age. We have been for decades this information age. But I like to say we're really in the affirmation age because most people would rather be affirmed and comforted in what they already believe, rather than get informed with information, because it kind of shakes you up a little bit, just like you're going to be shaken up today. So I would say, don't only seek affirmation, which is what most people do, seek information as well, and then make up your own opinion. What is wealth? You know, we kind of begin with the end in mind. It's ask yourself what is? I think that there are a lot of different definitions for that. I mean, money's got to be one of the first things that come to mind. And we are talking about financial betterment here. But, you know, it seems like people that want material things more than experiences, it seems like a lot of those people that want material things get knocked and get criticized.   Keith Weinhold (00:23:21) - I don't know, like I would rather have experiences than stuff. But really the abundance mentality is why not have both experiences and stuff if they're both easily within reach? Because they really are. But I think really the best definition of wealth, it's one that I've never heard criticize once in my life is freedom. Having the ability for you to do whatever you want to do whenever you want to do it. Real wealth is having that time freedom and not having to have a job. Being job optional, you can continue to go if you want to. Wealth really is freedom. So let's talk about money and freedom and what freedom really isn't. I've actually got a really nice proposal for you. Just imagine this. Imagine you're 20 years old. I'm talking to the 20 year old version of you. I'm going to tell you that I want you to mow my lawn for me regularly, and I am going to pay you $114 an hour to mow my lawn. Pretty amazing, right? Like, doesn't that sound incredible? Yeah, that sounds like a good deal.   Keith Weinhold (00:24:29) - You'd probably be pretty excited about that. Maybe even now you'd be excited about that. Not just the 20 year old version of yourself. Sounds amazing, but could you ever really get wealthy off that? Probably not. Probably not. Because in fact, you would have to work every single hour in a year, all 8760 hours in a year just to make your first million bucks. And that ain't happening in this scenario is completely implausible. No one would really pay that much to mow the lawn, most likely. And you couldn't work every hour in a year. You couldn't eat, you couldn't sleep, nothing like that. So it's really numbers like this that I think kind of slap someone in the face if they think they can just hustle and grind their way to wealth. I really don't think that's the best way. In fact, what I would share with you is that this is the exact opposite of being wealthy. This is the opposite of growing rich in your sleep, because you have to continue to trade your time for dollars.   Keith Weinhold (00:25:32) - In order to make this work, you need to continue to sell your time for money in order to make this work. And then really, what happens when you come of age and get older and you're probably not mowing lawns for money anymore. You end up in a place that looks kind of like this. Okay? And this is the workplace. What happens in the workplace? I like to say the workplace is where you pretend to work and your employer pretends to pay you, but there's probably a pretty good chance, and I would probably call this a pre-COVID workplace. But, you know, you probably did spend most of your working years so far in a pre-COVID workplaces. People were packed in pretty tight right there that I think,, but don't worry about being in the workplace. You've got the commute to relax anyway, right? It shouldn't be so bad. You're grinding, trading your time for dollars. But also this worker here, they're doing something else that the lawn mower didn't do. Okay. We're going to say that you mowing the lawn that classified a poor person.   Keith Weinhold (00:26:31) - You had to work for money. But the middle class person here, they're also working for money. But they do have a better and higher use of their investing dollars. They're also getting some of their money to work for them in something like a 401 K or a 403 B, or a thrift savings plan, or an IRA or a 457 plan or something like that. So the middle class person here, they get some of their dollars working for them. That's significant. But look, here's the real point getting your money to work for you doesn't build wealth. And all these middle class people here, they think there couldn't possibly be anything better than me getting my money out there working for me. So I'll just leave it there. It can't get any better than having my money work for me. Well, that's not true. And I find it to be a real conundrum and paradox that people will spend tons of time learning about how work works. They spend zero time learning about how money works, but yet money is the only reason that they even go to work, which is really unusual to me.   Keith Weinhold (00:27:36) - So getting your money to work for you does not build wealth. Now, that doesn't sound too bad on the surface, but if you think about a 10% return over the long term from the S&P 500, which is about what you could expect, most people don't even consider the five deleterious drags on that 10% of inflation and emotion and taxes and fees and volatility, all five of those simultaneous drags. Now, I think some of these are easier to explain and understand than others. For example, if you have a 10% rate of return and 3% inflation, which is a long term historic term, you're already down to a 7% inflation adjusted rate of return. We haven't even subtracted out those other four things yet, and I like to look at things in really long timeline. So let's take a look at some long timelines with some returns you can expect. And therefore I also like to look at inflation in a long timeline. We'll call it 3% inflation. You've got to beat inflation substantially in order to have any real return.   Keith Weinhold (00:28:39) - And things like stocks mutual funds, ETFs just don't do it. So let's look at long timelines of let's say over 100 years here. I talked to you about the drag of inflation. Let's talk about the drag of volatility. This is little understood. Stocks are quite volatile. They go up and down. They're choppy where real estate is a substantially smoother ride. So let's look at two different lines here on this graph okay. Over the last 120 years since about the year 1900, the stock market has averaged roughly that 10% return, 6% from capital appreciation and 4% from dividends. So therefore, the Green Line, this shows capital appreciation. You're probably pretty used to seeing this. The compound return. This looks thrilling. Your mutual fund advisor loves to show you this line. This line goes like exponential. Like, who wouldn't want some of that, right? Some even believe Einstein was purported to say that compound interest is the eighth wonder of the world. So what's wrong with it? Where does it break down? Okay, well, I'm going to show you a second line.   Keith Weinhold (00:29:46) - And both of these lines show a 6% return from the year 1900, more than 120 years of returns. So the green line is what you think you got. But what did you really get with this 6%, quote unquote compounded return? You don't get this. You get this? That's what you really got. This is the deleterious effect of volatility on stock returns. You're like whoa, whoa wait. Well why why did that happen? How did that happen? The difference here is that whole effect of, let's say you have a $100 stock and it loses 50%. Now it's down to 50 bucks, but it gains back 50% the next year. Now it's only up to 75. So you've gone from $100 down to $75, even though you lost 50% in year one, say, and you gain 50% in year two. So it's really a mathematical problem. Another way to say it is that time spent making up previous losses is not the same as growing your money. It's not the same as compounding your money.   Keith Weinhold (00:30:51) - In fact, the tip of the blue line, the end of it there. Today's dollars. That's only 38% of what you get at the tip of the Green Line at what you expect to get. So a lot of investing has to do with expectations. If you expect a green line and you only get the blue line, that's when you end up like this. You know, sort of these stereotypical stock kind of photos when people can't pay the bills. And the interesting thing is we've been in a 401 K based world for 35 to 40 years now, where that's sort of the norm. People continue to end up like this, but yet they still get into 401 K's, and think getting their money to work for them is a way to build wealth. We're here and we're talking about why it isn't and that is the problem. And compound interest and compound interest does not bail people out of their income and savings problem either. Four out of five people have less than one year's worth of income, save for retirement.   Keith Weinhold (00:31:48) - This is why we have a retirement crisis today. You can't count on compound interest alone. So I would like you to imagine another pretty dreamy scenario for yourself. Okay. And this this is a pretty important exercise. This is some better news for you. I want you to think about how much money you think you're going to make, both earned and through investment returns your entire life. We'll say it's inside this vault right here. Okay. And the reason that this is some, some better news is, you know what? If you're in this room, the chances are that you're going to have a greater net worth and greater residual income than other people will. Because you've shown up here, you've shown that you're interested in this. And a lot of people, they don't think about inflation and they underestimate their life's earnings. So let's say that your entire life's net worth, accumulated assets would be the way to say it. Let's say your total accumulated assets are coming up to $8.5 million. How's that sound? $8.5 million.   Keith Weinhold (00:32:58) - That sounds pretty good, doesn't it? Wouldn't that be amazing? Now just imagine this. I'm going to give you all $8.5 million at one time. You're going to receive this all at once. How would that feel like? Wouldn't that be amazing? How fast are you going to quit your job? Hopefully you at least give the two weeks notice. Where are you going to go on vacation? Are you going to have time to care for your loved ones now, or be a volunteer at habitat for humanity? Or finally have time to be a deacon at your church? Or do whatever is important to you because you are job optional. Now with this 8.5 million delivered all at once. But wait, here's the thing I didn't tell you when the 8.5 million is being delivered to you all at once, it's all going to be delivered to you on the last day of your life. That's when you're going to get it. What do you do now? I guess you're not going to do around the world trip anymore, right? You're just saying your goodbyes to people.   Keith Weinhold (00:33:55) - It's the last day of your life. All right. What if you got 80% of this amount, then at age 80, would that be a little better or 70% at age 70? Would that be a little better? So my point is, timing matters. I don't know, what can you really do if you get 70% of it at age 70? You know, maybe when you're 73, that's the last year you can really paddleboard very well because you've had six knee surgeries by that or something. So timing really matters. So you really want to be invested in something that gives you an income stream that provides liquidity to you over time. You really ideally most want this sort of lifestyle smoothing effect where they get this income metered out to them. So liquidity really, really matters. And what helps achieve this smoothing it is those income streams. In fact, I would go as far as to say that the standard advice that you hear out there from people invest for your future, period. I'd actually say that's bad advice or incomplete advice.   Keith Weinhold (00:35:04) - Why would you only invest for your future when you can invest now for a stream of income now and not hemorrhage or sacrifice the future at all, which is really something that you can do with real estate. Build an income stream. Now, it typically appreciates faster than stocks and you didn't sacrifice the future at all., there's more bad advice out there. I think sometimes you'll hear a person say, for example, oh, pay yourself first. That means put your money in a traditional retirement plan or something like that. Pay yourself first. Wait a second. How in the world is it paying myself first if money is deducted from my paycheck when I'm, say, age 35 and I don't get that back until, say, I made 75, look what the 401 K the most popular plan in the United States. You cannot take penalty free distributions until between age 59.5 and 70.5. That's just when they begin. And you also must begin paying taxes on it at that time. So. Would you really find it a good trade if you trade away one hour of your 35 year old self? And in return, you get one hour of your 75 year old self.   Keith Weinhold (00:36:16) - Does that sound like a good trade? A lot of people that invest in these traditional retirement plans, that's really the trade that you're making. And I used to be involved in traditional retirement plans. I used to think they were the best thing until I looked at it. A lot of people talk about the benefits of delayed gratification, and I think delayed gratification. There's something implied in that being a desirable thing, that there's a positive outcome and that there's some big reward for delayed gratification. But it's definitely not guaranteed. We're not guaranteed tomorrow. So I think for one K plans, they're known as tax deferral plans. But I think you could just as easily call them life deferral plans because that's principally what they do in my opinion. So let's go back to the lawn mower. The lawn mower again, I'm classifying that as the poor or however the middle class are doing a little something different. Remember, not only were they working for money, they got some of their money to work for them, oftentimes in a retirement plan.   Keith Weinhold (00:37:14) - I guess they're symbolized by these,, what do they look like here? Construction engineers or something like that. They're middle class, the wealthy. You're doing something that the poor and the middle class aren't doing. The middle class. They get their money to work for them. What are the wealthy do? What is this guy doing right here? What does he have figured out? He knows the best and highest use of his investing. Dollar is not getting his money to work for him. It's getting other people's money to work for him. And in real estate, you can actually get other people's money to work for you three ways at the same time. And you can do it ethically. I think it's important to be ethical. You never get called a slumlord. Like, for example, my mission is to provide housing that's clean, safe, affordable and functional. You can use other people's money three ways at the same time will call this OPM Other People's money. You might have seen that abbreviation before.   Keith Weinhold (00:38:11) - You can do it three ways simultaneously with real estate. And you know, the great thing is you don't need any degree. You don't need any certification at all in order to ethically use other people's money three ways at the same time. The first way is with the bank's money. Like for example, the way I bought that first fourplex is with 3.5% of my own money, is a down payment, and I borrowed the other 96.5. So use the bank's money for the loan and leverage you use the tenant's money for that all important income stream, and for paying down your loan for you. And then the third way you use other people's money simultaneously in real estate is that you use the government's money for very generous tax incentives, like you can defer your capital gains tax endlessly. You can get a mortgage interest deduction. There's something called depreciation which shelters a portion of your rent income from ever getting taxed. Don't get your money to work for you. Or at least don't make that the focus. The focus should be on ethically getting other people's money to work for you.   Keith Weinhold (00:39:18) - And you know, I think really a concept like this harkens back to the late business philosopher Jim Rohn. Right? Jim Rohn said formal education will make you a living, but self-education will make you a fortune. So you really getting a condensed self-education right here? So let's just look at one of these three. Let's talk about that ten in income stream. That's the important one. That's the one where you build residual income. If you do want that freedom, if you do want to build enough of that residual income so that you can be job optional and do what you want to do, think about it conceptually. Think about how amazing it is that the tenant pays you what they pay you. The tenant pays completely one third of their income most of the time in rent to you one third of the time. So that is like you getting paid and that tenant going to work for you ten days every month. We'll call it the first ten days of every month just to work for you and to pay you.   Keith Weinhold (00:40:22) - Do you have any idea how amazing that is? Think about that. What other company gets one third of people's incomes and can do it at scale? Apple doesn't get one third of people's incomes. Think of all the stuff that people buy on Amazon, all those consumer products. But people still don't spend a third of their income on Amazon. So this is amazing. Like, who else gets this? Really nobody but you in real estate. So, you know, we're getting you to think differently here. This is just again one of the three ways that you can ethically employ other people's money. The others were the banks money and the government's money. We're talking about the tenants money here. All right. That was almost the first half of my presentation at the Spartan Summit. We are get rich education. So to review what you learned earlier in the show here today, keeping it real simple. High rates are for a strong economy, and low rates are for a weak economy. A fed pivot means when they reverse their monetary policy stance.   Keith Weinhold (00:41:31) - For example, going from raising rates to lowering rates. From that point where we left off on my presentation there, I go on to discuss more about the importance of cash flow, how leverage beats compound interest, inflation, property selection, properties to avoid, and more. If you'd like to watch all of that presentation, you can in entirety with the video on the get Rich education YouTube channel. Also, the link directly to that full video is in today's show notes. On the way out today, again coming up on a future episode retirement, we polled our great audience with the two you want to retire question. And we're also asking what is retirement anyway? We're discussing both of those huge questions coming up here on the show. If you'd like to hear that episode more, be sure to follow the show on your favorite podcast platform. Until next week, I'm your host, Keith Reinhold. Don't quit your day dream.   Speaker 6 (00:42:32) - 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.   Speaker 6 (00:42:42) - 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. The.   Keith Weinhold (00:43:00) - The preceding program was brought to you by your home for wealth building. Get rich education.com.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.Check out more details about MBS Live here.

This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. In this episode of the Mortgage Minute, host Doug Crouse discusses recent fluctuations in mortgage rates driven by economic reports such as the jobs and manufacturing data. He advises listeners to consider locking in their rates within 60 days to secure the best possible rate amid uncertainty. Doug warns against waiting to lock rates as unexpected market changes can lead to higher rates, emphasizing the importance of staying informed through resources like Mortgage News Daily. He concludes by offering his contact information for further inquiries. You can reach out to Doug to set up an appointment through email at Doug.Crouse@BMO.com or text him at 1-862-375-6267 (1-862-DR-LOANS). 

It's Tuesday, February 6th, AD 2024. This is The Worldview in 5 Minutes heard at www.TheWorldview.com.  I'm Adam McManus.  (Adam@TheWorldview.com) By Kevin Swanson Vietnamese Christian given 4.5-year prison sentence The People's Court of Phu Yen in Vietnam has sentenced religious freedom activist Nay Y. Blang to four years and six months in prison for the crime of "abusing democratic freedoms" during the trial on January 26, 2024, reports Radio Free Asia.   Pastor Blang used his private home in the eastern coastal province of Phu Yen to gather for meetings, pray, and have online fellowship with some key figures of the  Central Highlands Evangelical Church of Christ, a church which is not recognized nor approved by the Communist Vietnamese government. He was falsely accused of “gathering forces, dividing the national unity bloc, inciting secession, self-rule, and establishing a separate state for ethnic minorities in the Central Highlands.” Nicaragua unfairly jailed 11 pastors The Nicaraguan government has jailed 11 pastors, and fined an American missionary for eight evangelistic campaigns conducted last year, accusing them of “organized crime.”   The government has indicted dozens of Catholic Churches as well, and removed hundreds of Evangelical groups thus far.   Mountain Gateway, a Protestant Christian group led by Britt Hancock, an American missionary, inspired 200,000 people to attend a crusade in the capital city of Managua last year. Hancock talked to Tony Perkins, president of Family Research Council, on Washington Watch, about the amazing openness of the Nicaraguan people to the Gospel of Jesus Christ. HANCOCK: “Every space that we got for a campaign, God filled it up with extremely desperate people. We did eight evangelism campaigns starting in February. We did the last one in November. We ended up getting the national plaza called the Plaza de Fe in Managua. We had 200,000 people the second night there. It was just a massive response.” Sadly, the Nicaraguan government has put a stop to it, falsely claiming that Mountain Gateway is guilty of money laundering and organized crime.  Mountain Gateway denied these false allegations. Indeed, the Evangelical group has diligently followed all legal requirements in the U.S. and Nicaragua that apply to non-profit and faith-based groups.  Britt Hancock himself has been indicted. In addition, six Latin American countries, including Mexico, have agreed to arrest him if he enters these countries, and will extradite him to the Nicaraguan government.  MacArthur removes Alistair Begg from conference over controversial remarks The Christian Post reports that Pastor Alistair Begg, the host of “Truth for Life” heard on 1,800 Christian radio stations, has been removed from John MacArthur's Shepherd's Conference speakers' lineup. The reason?  He made controversial comments encouraging a grandmother to attend her grandson's wedding to a transgender person. On his broadcast, Begg summarized her concerns this way. BEGG: “My grandson is about to be married to a transgender person. I don't know what to do about this, and I'm calling to ask you to tell me what to do,' which is a huge responsibility. People may not like this answer, but I asked the grandmother, ‘Does your grandson understand your belief in Jesus?' ‘Yes.' ‘Does your grandson understand that your belief in Jesus makes it such that you can't countenance, in any affirming way, the choices that he has made in life?' ‘Yes.' “I said, ‘Well, then okay, as long as he knows that, then I suggest that you do go to the ceremony, and I suggest that you buy them a gift.' ‘Oh,' she said, ‘What?' She was caught off guard. I said, ‘Well, here's the thing. Your love for them may catch them off guard, but your absence will simply reinforce the fact that they said these people are what I always thought -- judgmental, critical.' It is a fine line, isn't it?” World Magazine founder Joe Belz has died Christian Education advocate and founder of World Magazine Joel Belz died on Sunday at 82 years of age. Joel launched World Magazine in 1986, and served as Moderator for the PCA General Assembly in 2003. World News Group includes an editorial staff of about 60 reporters, editors, producers, and designers. Together, they reach an audience of 500,000 readers and listeners. Paul's words in 2 Timothy 4:7-8 seem especially appropriate as we consider the life of Joel Belz. “I have fought the good fight, I have finished the race, I have kept the faith. Finally, there is laid up for me the crown of righteousness, which the Lord, the righteous Judge, will give to me on that Day, and not to me only but also to all who have loved His appearing.” King Charles III has cancer In the providence of God, King Charles III has been diagnosed with cancer, reports the BBC.  Neither the type of his cancer nor the stage of his cancer has been revealed. The 75-year-old monarch was coronated 10 months ago, after the death of his mother, Queen Elizabeth II.  Catholic Church split over Pope's urging to bless homosexual relationships The Rome-based Catholic Church is experiencing a worldwide division on the Pope's encouragement of blessings for homosexual relationships, reports LifeSiteNews.com. Supporting the move are Catholics in Austria, Belgium, Croatia, France, Germany, India, Ireland, Italy, Portugal, Switzerland, and Spain. However, Catholic leadership in Africa, Argentina, Brazil, Peru, Hungary, and Poland oppose the Pope's recommendation. 30-year mortgage rate over 7% again The 30-year fixed mortgage rate popped back up over 7%, reports Mortgage News Daily. It's the first time since last December. Senate's $118 billion bipartisan aid bill for Ukraine, Israel, and border The U.S. Senate is considering a bill containing $118.2 billion of bipartisan aid for Ukraine, Israel, and the southern U.S. border, reports The New York Post. It includes $60.1 billion for Ukraine aid, $14.1 billion for Israel and $20.2 billion to handle the illegal immigration problems on the U.S. border. Meanwhile, House Speaker Mike Johnson is pushing a bill which would only fund Israel's war against Hamas, reports CNBC. Los Angeles' downpour And finally, Los Angeles, California is getting drenched. Rainfall of 6.35 inches has fallen in 24 hours from Sunday morning to Monday morning, reports KTLA. The city of Anchorage, Alaska has received over 100 inches of snow this year, reports FoxWeather. That's approaching a record for the city of 134 inches. So far, 8.3 feet of snow, and there are reports of commercial roofs collapsing throughout the city.   Plus, New Jersey and Tennessee have also seen record snowfalls this year. Jeremiah 5:23-24 offers Biblical insight. “But this people has a defiant and rebellious heart; They have revolted and departed. They do not say in their heart, ‘Let us now fear the Lord our God, Who gives rain, both the former and the latter, in its season. He reserves for us the appointed weeks of the harvest.'” Close And that's The Worldview in 5 Minutes on this Tuesday, February 6th in the year of our Lord 2024. Subscribe by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Or get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com).  Seize the day for Jesus Christ.

Matt Graham from Mortgage News Daily & MBS Live joins Randy for a midday happy hour. Update on rates, where they are going and where they have been. Do election years really make that big of a difference and understanding the Fed Dot Plot. Drink every time Matt or Randy says Data Dependent!

While mortgage rates are starting the week lower compared to the last, they are still near their highest levels in 20 years. But home values don't seem to be dropping as a result. Housing inventory remains low and as long as that remains the case, we can expect a continued “stalemate” between lending rates and home prices. If you want to be optimistic, there is some evidence that the worst is over. Mortgage News Daily is reporting that “the balance of recent Fed comments suggest the Fed is done hiking rates unless inflation flares up in an unexpected way. As of Friday 10/20/23, the market saw next year's Fed Funds Rate about a quarter of a point lower.” The 10yr Treasury at 5% is an important psychological level as it becomes an attractive entry point for bond buyers, which puts resistance/a ceiling at 5% and could help prevent higher mortgage rates for borrowers. We all wish we had a magic 8-ball and could predict the future, but the FED's future actions will be driven by economic data. The next FED rate announcement is on November 1st which means we are now in the scheduled “blackout” period and shouldn't expect drastic movement until next week. Of course, “shouldn't” is not the same as “won't” and we continue to watch the charts. Fill out the form for a FREE consultation at Townstone.com to see if you qualify for one of our many products including: 1% Down-Payment Purchase Home Equity Loans and Lines Reverse Mortgages And you can always call us at 312-896-2100 with your thoughts, questions, scenarios, or anything else we can help you with. FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/

The average rate on the popular 30-year fixed mortgage rose to 7.72% on Tuesday, according to Mortgage News Daily. Mortgage rates follow loosely the yield on the 10-year Treasury, which has been climbing this week following strong economic data. Rates have not been this high since the end of 2000. At the beginning of this year, the 30-year fixed rate dropped to about 6%, causing a brief burst of activity in the spring housing market. But it began rising steadily again over the summer, causing sales to drop, despite strong demand. The current trend appears to be even higher, with the possibility of rates crossing over 8%. The Federal Reserve did not raise interest rates two weeks ago but indicated the possibility of another hike this year and fewer cuts than expected next year. Investors were waiting to see the results of economic data in the first week of October.See omnystudio.com/listener for privacy information.

Mortgage Rates are straddling a range around 7%-7.25% according to Mortgage News Daily and homebuyers are scrambling to find properties before winter. Inflation Watch: The producer price index increased a seasonally adjusted 0.7% in August, higher than the 0.4% estimate. However, excluding food and energy, core PPI rose 0.2%, in line with the estimate. The European Central Bank increased their rate another .25%. What does that mean for Americans watching the Federal Reserve? Average credit card balances continue to increase, is the consumer spending boom over? To those who celebrate Rosh Hashanah: Wishing you and your families a sweet and happy new year! As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/

The last two weeks have been UGLY for the mortgage market. The average rate on the popular 30-year fixed mortgage hit 7.48%, according to Mortgage News Daily. But lack of inventory and rising rents are keeping home prices steady. It's still a seller's market here in the Midwest. But it's not only mortgage rates that are higher. Credit card debt is reaching record highs with many rates exceeding 20%! Here at Townstone, we're seeing a ton of activity with our fixed-rate home equity loan program that lets you take advantage of the equity in your home to help you consolidate your debt, lower your payments, make home improvements, etc... Purchases, refinances, home equity lines/loans, reverse mortgage, we have it all! As always, FREE 1 on 1 consultations available at: https://townstone.com/consultation-request/ Have a great week!

In this Real Estate News Brief for the week ending July 8th, 2023... what's on the minds of Fed officials, how homebuyer competition is impacting prices, and what isn't happening with the back-to-office migration.    Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week and the release of the minutes from the central bank's last policy meeting. As you know, members of the Federal Open Market Committee voted unanimously in favor of a pause in rate hikes, but the minutes show that some members were in favor of another 25 point increase. The minutes also noted that the economy has been stronger than expected and that Fed officials don't see a lot of “clear signs” that inflation is headed to their 2% target. (1) Fed Chief Jerome Powell has said that more rate hikes are likely. We'll get two inflation reports in the coming week that will give us a better idea of what's happening with inflation.   The job market also remains strong, although the latest reports show a slight weakening and some economists don't think it's enough to avoid another rate hike. The unemployment report was up 12,000 from the previous week to a two-year high of 248,000 initial claims. But the number of ongoing claims was down 13,000 to 1.72 million. It's the third week in a row that they went down. As MarketWatch reports, the decrease in continuing claims is probably due to laid-off workers finding new jobs quickly, thanks to a strong job market. Although it's great that people are employed, Fed officials feel that it also contributes to wage growth and inflation, which they are trying to control. (2)   The Labor Department also reported that job openings fell below the 10 million mark in May, which is another sign that the labor market is cooling slightly. (3) And companies only added 209,000 jobs in June. That's the smallest number of new jobs since 2020, but the unemployment rate also fell from 3.7% to 3.6%. Average hourly pay is also up about 4.4% on an annual basis. (4) Most of the new jobs are for education, health, and the government, but construction jobs are also among the industries contributing to labor market growth.   Mortgage Rates   Mortgage rates are defying gravity and slowly creeping higher. Freddie Mac says the average 30-year fixed-rate mortgage is 6.81%, but Mortgage News Daily says it hit 7% this last week. Freddie's chief economist Sam Khater blames the high rates on the strong economy, sticky inflation, the Fed's rate hikes, and of course, a persistent low inventory of homes. (5) (6)   In other news making headlines…   Homes Selling Above Asking Price One Again   Homes are selling above their asking price for the first time in almost a year. Redfin says the average sale-to-list price ratio hit 100.1% for the four weeks that ended on July 2nd. The report says low inventory is the main reason for the higher sales price. (7)   Redfin says that new listings are down 25% from a year ago, and the total number of homes for sale is down 12%. There's no lack of demand however. Redfin says that requests for home tours and other services are up 4% compared to a month earlier.   Agent Jeremy Lewis out of Portland, Oregon,  says: “Almost every home is getting multiple offers and selling over asking price. The lack of supply is making it feel almost like 2021 all over again.” Although he says the bidding wars are happening at a lower price point because buyers are getting squeezed by higher mortgage rates.   Return to the Office Hit a Plateau at 50%   Companies trying to get employees back in the office have hit a plateau. According to security company Kastle Systems, U.S. office workers are back in their offices about 50% of the time. The national average was actually a little less than that at 49.8% in late June. Kastle analyzes office usage in 10 U.S. metros. That's up from about 40% last year but the number hasn't changed much since the beginning of this year. (8)   Some companies are cracking down on employees to get them into the office. Citigroup is reportedly threatening employees with “consequences” if they don't conform to the hybrid schedule. That's usually three days a week. Google is also warning employees that office attendance will be part of their performance review.    Texas Lawmakers Approve Huge Cut in Property Taxes!   In breaking news out of Texas – State lawmakers are making it a whole lot more affordable to own property with the largest property tax cut in state history! It's not quite a done deal yet, but the Texas House and Senate have agreed to an $18 billion dollar package to reduce property taxes. $12 billion will go toward a reduction in the school property tax for all homeowners and businesses. It also includes a $100,000 homestead exemption and a 20% limit on appraisal growth for non-homesteaded properties worth at least $5 million.   According to Houston Public Media, state lawmakers expect to pass the bill by the end of the week, and Governor Greg Abbott is looking forward to signing it when it reaches his desk.   The news is a big win for our North Dallas Rental Fund where we are buying single-family rentals for our fund investors. We'll be going into more detail on the tax deal and the rental fund during a webinar on July 11th. If you miss it, you can always catch the replay at our website.   That's it for today. Check the show notes for links at newsforinvestors.com. And hit the Join for Free button to become a RealWealth member. You'll have access to lots of data on buying rental real estate for our financial freedom, including the webinar I just mentioned. And please remember to hit the subscribe button, and leave a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/some-fed-officials-pushed-for-june-rate-hike-minutes-show-6007d897   2 - https://www.marketwatch.com/story/jobless-claims-climb-to-248-000-after-big-increases-in-michigan-and-new-york-97638580?mod=economy-politics   3 - https://www.marketwatch.com/story/job-openings-in-the-u-s-drop-to-9-8-million-labor-market-still-too-strong-for-the-fed-e064b516?mod=economy-politics   4 - https://www.marketwatch.com/story/jobs-report-shows-209-000-gain-in-june-smallest-increase-since-end-of-2020-fb8f7bd1?mod=economic-report   5 - https://www.freddiemac.com/pmms   6 - https://www.mortgagenewsdaily.com/markets/mortgage-rates-07072023   7 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-hit-highest-average-so-far-this-year   8 - https://www.redfin.com/news/housing-market-update-homes-selling-above-asking-price/   9 - https://www.houstonpublicmedia.org/articles/news/politics/2023/07/10/456500/texas-house-senate-property-taxes-deal-18-billion-package/

In this Real Estate News Brief for the week ending May 27th, 2023... you'll get the latest reading on inflation, how much home prices have come down in a year, and the long-awaited opening of Amazon's HQ2.    Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week. Minutes from the Fed's May meeting offer a few insights. They reveal that several officials believe we may not need more rate hikes to get inflation back down to the 2% level. Forward guidance also indicates a pause in hikes at the June meeting, although some Fed officials say rate hikes have not been ruled out. (1) And, with the latest report on inflation, there's new concern that the Fed could be inclined to hike rates again.    The U.S. Bureau of Economic Analysis released the April reading on the PCE index. It shows it going in the wrong direction ahead of the Fed's next meeting. The index was up .4% and raises the annual rate from 4.2% to 4.4%. The core rate was also a disappointment. It eliminates prices for food and fuel, and was up .4% to an annual rate of 4.7%. The PCE is the Federal Reserve's preferred inflation gauge, so it will play an important role in their next rate hike decision. (2)   The Fed minutes also offer a recession forecast, predicting a mild recession in the fourth quarter of this year. A moderately priced recovery would follow with unemployment set to increase this year, and then peak next year. Those numbers would start coming down in 2025, according to Fed officials. But they also acknowledged that the impact of the tightening process would be lagging, and that close monitoring of incoming data is essential. (3)   Cleveland Fed President Loretta Mester spoke out on Friday after the PCE was released, and said the data shows the Fed has “more work to do.” She believes that the central bank will need to rate rates again, while other Fed officials appear to be undecided. (4)   Jobless claims pulled back from the previous week, after a major crackdown on fraudulent claims in Massachusetts. The latest report shows 229,000 applications for benefits. That's up 4,000 from the revised numbers for that surge in claims. As MarketWatch reports: “Jobless claims show little or no sign of rising U.S. layoffs since the early spring.” (5)   Consumer spending has kept a recession at bay, and April was no exception. Consumers shelled out .8% more money in April, which was double the amount that Wall Street Journal analysts had forecast. A lot of the money went toward new cars, but also for travel, recreation, and other services. As reported by MarketWatch, that's a sign of confidence in the economy. (6)   Consumers also spent money buying new homes. New home sales were up 4.1% in April, according to the Commerce Department. That brings the annual rate up to 683,000 from a revised 656,000 in March. That number is seasonally adjusted, and reflects the “pace” of construction and how many homes would be built if that pace continued for the entire year. (7)   One thing driving consumers to new homes is the low inventory of existing for-sale homes. The National Association of Realtors reports that pending home sales were flat for the month of April thanks to a shortage of those homes, and high mortgage rates. (8)   Mortgage Rates   Mortgage rates have continued to rise. Freddie Mac says the average 30-year fixed-rate mortgage was up 18 basis points to 6.57%. The 15-year was up 22 points to 5.97%. (9) The Mortgage News Daily reports a higher average of 7.14% for the 30-year and 6.54% for the 15-year. (10)   In other news making headlines…   High Home Prices Slowly Deflating   Although home buyers are still struggling with affordability issues, home prices are deflating. Redfin reports that U.S. prices are down about 4.1% nationwide or close to $18,000 for the average home. That brings the median sale price down from $426,000 last year, to approximately $408,000 this year. (11)   But some markets are seeing steeper declines, mostly because prices went sky-high previously, especially during the pandemic. In Oakland, for example, prices have come down 16% or about $174,000 for a typical home. In Boise, Idaho, the average home costs about $80,000 less than it did at the same time last year. And some markets have actually seen prices rise over the past year. According to Redfin, Tampa home prices were up 5.0% in April compared to last year, selling for a median price of $420K. On average, homes in Tampa sell after 22 days on the market compared to 7 days last year.    Amazon HQ2 Is Now Open for Business!   It was five years ago that Amazon solicited bids from various cities as it searched for the perfect place to build a second headquarters. Well, the day has finally arrived that Amazon's HQ2 has launched, and is welcoming its first employees.   The winning city was Arlington, Virginia which now has more than two million square feet of new Amazon office space. The company has been bringing employees into temporary office space and is now transferring them to the new complex. Amazon expects to have 8,000 people working there by this fall, with a total of 12,500 working there eventually.   Starting May 1st, Amazon required that employees work in offices at least three days a week. The new digs feature some amazing amenities however including two rooftop dog parks and a 2.5 acre park with another dog park. That's because Amazon employees are allowed to bring their dogs to work! Not so for children, although Amazon helps employees find good childcare.   That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review! You can also join RealWealth for free at newsforinvestors.com and learn more about real estate investing.    Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/several-fed-officials-said-more-rate-hikes-may-not-be-needed-and-other-key-takeaways-from-may-minutes-5b3ae0ab   2 - https://www.marketwatch.com/story/u-s-prices-rise-sharply-pce-shows-in-sign-fight-vs-inflation-has-stalled-3214dfac   3 - https://www.calculatedriskblog.com/2023/05/fomc-minutes-staff-predicts-recession.html#:~:text=May%2024%2C%202023-,FOMC%20Minutes%3A%20Staff%20Predicts%20Recession%20Starting%20in%20Q4%3B%20Future%20Monetary,May%202%2D3%2C%202023.   4 - https://www.marketwatch.com/story/mester-says-pce-shows-fed-has-more-work-to-do-on-interest-rates-60a1057c   5 - https://www.marketwatch.com/story/jobless-claims-register-a-low-229-000-in-late-may-after-fraudulent-filings-removed-49c20a31   6 - https://www.marketwatch.com/story/consumer-spending-far-from-dead-americans-ring-up-cash-registers-in-april-4513ef3a   7 - https://www.marketwatch.com/story/u-s-new-home-sales-rise-4-1-in-april-as-buyers-contend-with-a-tough-resale-market-5d24e81b   8 - https://www.marketwatch.com/story/lack-of-homes-for-sale-stalls-sales-in-april-as-mortgage-rates-top-7-77b570f9   9 - https://www.freddiemac.com/pmms   10 - https://www.mortgagenewsdaily.com/   11 - https://www.nasdaq.com/articles/the-median-home-price-is-nearly-%2418000-lower-than-a-year-ago 12 - https://www.bisnow.com/washington-dc/news/office/amazon-employees-start-working-in-new-hq2-buildings-119056

It appears the debt ceiling negotiations are nowhere near an end. Not only is it wreaking havoc in the stock market but it is also driving mortgage rates higher with the national average on the 30 year mortgage now exceeding 7% according to Mortgage News Daily. Tonight on the Jon Sanchez Show at 5pm we'll discuss how the debt ceiling issue could potentially affect real estate values.

This week, we interviewed Angel Dean, the managing broker at FC Tucker Carmel, along with Shelly Walters and Kyle Morris. With the arrival of spring, the housing market is experiencing low inventory, resulting in realtors selling properties for over the list price. It is advisable to hire a real estate agent to avoid overbidding and potentially save a significant amount of money. "Low Inventory and High Demand: Spring Housing Market Sees Realtors Selling Homes Above List Price, Underscoring Need for Expert Real Estate Agents to Help Homebuyers Navigate Competitive Market" Mortgage Rates Recover After Inflation Data Matched ForecastsBy: Matthew GrahamWed, Apr 12 2023, 4:25 PM "Mortgage News Daily " If we could only blame one thing for the huge jump in interest rates seen since early 2022, it would be inflation.  That fact led to a high degree of focus on reports like today's Consumer Price Index (CPI), which is unequivocally the most relevant monthly data point on inflation as far as interest rates are concerned. Today's CPI data was right in line with expectations at face value, but the underlying details were slightly rate-friendly.  Specifically, the component that measures housing expense saw its biggest drop since the start of the pandemic.  That's important because it remains one of the last and most stubborn sticking points in a price landscape where many other components have long since corrected back to more normal levels. --- Support this podcast: https://podcasters.spotify.com/pod/show/indyrealestatemarket/support

This is Garrison Hardie with your CrossPolitic Daily News Brief for Wednesday, March 22nd, 2023. Hi Contrast Hymn Books If you don’t teach your kids the Lord’s songs, the world will teach them its songs. The brand-new Hi-Contrast Hymn Book is designed to help you teach your children the most beloved songs of the Christian faith. Its captivating illustrations will create special moments of truth, goodness, and beauty in your home every day. To get a copy for your family, go to www.hicontrasthymnbooks.com/FLF. That’s www. “H” “I” contrasthymnbooks.com/FLF. Now to the news… First in world news… https://www.foxnews.com/world/vladimir-putin-xi-jinping-sign-economic-deal-latest-demonstration-friendship-limits Vladimir Putin, Xi Jinping sign economic deal in latest demonstration of 'friendship without limits' Chinese President Xi Jinping and Russian President Vladimir Putin signed an agreement to expand their economic ties during a bilateral meeting in Moscow on Tuesday. Xi is in Moscow for a multiday series of meetings with his Russian counterpart, aimed at demonstrating the two countries' new "friendship without limits." Xi and Putin emphasized the importance of jointly safeguarding their countries' energy security. Putin touted plans for a gas pipeline from Siberia to China ahead of the meeting, saying the agreement was all-but finalized. "We were just discussing a good project, the new Power of Siberia 2 pipeline via Mongolia. Practically all the parameters of that agreement have been finalized," Putin told Xi at the beginning of the meeting, according to the Financial Times. Beijing has grown increasingly friendly with Moscow over the past year as Putin's invasion of Ukraine left the country largely ostracized on the world stage. Xi's visit comes just days after the International Criminal Court issued a warrant for Putin's arrest for war crimes committed in Ukraine. Nevertheless, the pair called each other "dear friend" when they first shook hands on Monday. Putin alleged during Monday's meeting that the Western world is conspiring to stifle Russia and China by "persistently working to split the common Eurasian space into a network of ‘exclusive clubs’ and military blocs that would serve to contain our countries’ development." The exact details of Russia and China's Tuesday economic agreement have yet to be released. Over to Paris… https://nationalpost.com/pmn/news-pmn/crime-pmn/macrons-government-faces-moment-of-truth-over-pension-reform Protesters set rubbish on fire as French govt barely survives no-confidence vote Protesters set piles of rubbish on fire in central Paris on Monday after President Emmanuel Macron’s government narrowly survived a no-confidence motion in parliament on Monday over a deeply unpopular pension reform. The failure of the no-confidence vote will be a relief to Macron. Had it succeeded, it would have sunk his government and killed the legislation, which is set to raise the retirement age by two years to 64. But the relief proved short-lived. In some of Paris’ most prestigious avenues, firefighters scrambled to put out burning rubbish piles left uncollected for days due to strikes as protesters played cat-and-mouse with police. Earlier on Thursday, a Reuters reporter saw police fire tear gas and briefly charge at protesters after the no-confidence vote barely fell short of enough votes to pass. Unions and opposition parties said they would step up protests to try and force a u-turn. The vote on the tripartisan, no-confidence motion was closer than expected. Some 278 MPs backed it, just nine short of the 287 needed for it to succeed. As soon as the failure of the no-confidence vote was announced, lawmakers from the hard left (LFI, France Unbowed) shouted “Resign!” at Prime Minister Elisabeth Borne and brandished placards that read: “We’ll meet in the streets.” In the southwestern city of Bordeaux, about 200-300 people, mostly youngsters, gathered against the reform and chanted: “Macron, resign!” A couple of trash bins were lit on fire as the crowd chanted: “This will blow up.” Over the past three nights, clashes over the pension reform, in Paris and throughout the country, have been reminiscent of the Yellow Vest protests that erupted in late 2018 over high fuel prices. A ninth nationwide day of strikes and protests is scheduled on Thursday. “Nothing undermines the mobilization of workers,” the hardline CGT union said after the vote, calling on workers to step up industrial action and “participate massively in rolling strikes and demonstrations.” Opposition parties will also challenge the bill in the Constitutional Council, which could decide to strike down some or all of it – if it considers it breaches the constitution. A second motion of no confidence, tabled by the far-right National Rally (RN), also failed, after it gathered only 94 votes. Other opposition parties said they would not vote for it. Far-right leader Marine Le Pen said Borne should go. She said Macron should call a referendum on the reform but was unlikely to do so. “He’s deaf to what the French people want,” she told reporters. https://townhall.com/tipsheet/katiepavlich/2023/03/20/this-is-insane-mexican-government-seizes-assets-of-american-company-n2620887 'This Is Insane': Mexican Military Just Seized Assets of an American Company Over the weekend, the Mexican military seized a number of assets belonging to American company Vulcan Materials. "The seizure of a US company's marine terminal in Mexico has drawn criticism from a US senator and risks sparking more tension between the two nations amid spats over energy and security," Bloomberg reports. "US construction firm Vulcan Materials alleges that armed forces, including from the Mexican government, launched a takeover of its facility in the country's southeast on Tuesday. The company says a federal judge in Mexico has ordered a stay on any government effort to confiscate the property." The move prompted national security experts to sound the alarm, calling the situation "insane." Former Director of National Intelligence John Ratcliffe is also weighing in, noting President Joe Biden's continued weakness on the world stage. Last week, Mexican President Andrés Manuel López Obrador lashed out after Republicans called for additional tools to use military force against Mexican cartels. https://www.cnbc.com/2023/03/21/february-home-sales-spike.html Home sales spike 14.5% in February as the median price drops for the first time in over a decade Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly gain in 12 months and the largest increase since July 2020, just after the start of the Covid-19 pandemic. Sales were, however, 22.6% lower than they were in February of last year. These sales counts are based on closings, so the contracts were likely signed at the end of December and throughout January, when mortgage rates had fallen sharply. The average rate on the popular 30-year fixed loan hovered in the low 6% range throughout January after reaching a high of 7% last fall. The relative drop caused a jump in sales of newly built homes, before rates jumped back toward 7% in February. They now stand at 6.67%, according to Mortgage News Daily. “Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” said Lawrence Yun, chief economist for the Realtors, in a release. “Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” Higher mortgage rates have been cooling home prices since last summer, and for the first time in a record 131 consecutive months — nearly 11 years — prices were lower on a year-over-year comparison. The median price of an existing home sold in February was $363,000, a 0.2% decline from February 2022. That lower median price could be a sign that homes on the more affordable end of the market are selling. Sales might have been even higher were it not for what is still very low supply. There were just 980,000 homes for sale at the end of February, according to the Realtors, flat compared with January. At the current sales pace, that represents a 2.6-month supply. A balanced market between buyer and seller is considered a 4- to 6-month supply. “Inventory levels are still at historic lows,” Yun added. “Consequently, multiple offers are returning on a good number of properties.” This could start to heat prices again, but with mortgage rates now higher than they were in January it will be harder for some buyers to compete. All-cash sales accounted for 28% of transactions in February, down from 29% in January but up from 25% in February 2022. Individual investors returned, making up 18% of buyers, up from 16% in January but down from 19% in February 2022. When looking at sales at different price points, they were all down in the range of 20% from February last year, with sales down the most in the top, million-dollar-plus segment. https://www.cnn.com/2023/03/21/politics/idaho-firing-squad-bill/index.html Idaho lawmakers approve bill that would allow execution by firing squad Idaho lawmakers approved a bill Monday that would allow execution by firing squad, according to the legislature’s website. State Rep. Bruce D. Skaug confirmed the move in a statement to CNN. “H186 has now passed the Idaho Senate and House with a veto proof majority,” Skaug wrote in an email to CNN. “Upon signature of the Governor, the state may now more likely carry out justice, as determined by our judicial system, against those who have committed first degree murder.” A total of 24 officials voted for the bill, while 11 voted against it. House Bill 186 will move to Republican Gov. Brad Little’s desk next. The bill stipulates that firing squads will be used only if the state cannot obtain the drugs needed for lethal injections. Several states have struggled to source the drugs required for lethal injection, causing them to pause executions and triggering lawsuits from inmates who argue the injections are inhumane. Additionally, the bill permits Idaho to use firing squads if lethal injections are deemed unconstitutional by a court. A fiscal note tied to the bill explains that refurbishing the Department of Correction to meet “safety and execution requirements for the firing squad” will cost around $750,000. If the bill is signed into law, Idaho will follow South Carolina, which approved the usage of firing squads in March 2022. Three other states permit firing squads, according to the Death Penalty Information Center: Mississippi, Utah and Oklahoma. A firing squad was last used in the US in 2010 to execute convicted murderer Ronnie Lee Gardner in Utah.

This is Garrison Hardie with your CrossPolitic Daily News Brief for Wednesday, March 22nd, 2023. Hi Contrast Hymn Books If you don’t teach your kids the Lord’s songs, the world will teach them its songs. The brand-new Hi-Contrast Hymn Book is designed to help you teach your children the most beloved songs of the Christian faith. Its captivating illustrations will create special moments of truth, goodness, and beauty in your home every day. To get a copy for your family, go to www.hicontrasthymnbooks.com/FLF. That’s www. “H” “I” contrasthymnbooks.com/FLF. Now to the news… First in world news… https://www.foxnews.com/world/vladimir-putin-xi-jinping-sign-economic-deal-latest-demonstration-friendship-limits Vladimir Putin, Xi Jinping sign economic deal in latest demonstration of 'friendship without limits' Chinese President Xi Jinping and Russian President Vladimir Putin signed an agreement to expand their economic ties during a bilateral meeting in Moscow on Tuesday. Xi is in Moscow for a multiday series of meetings with his Russian counterpart, aimed at demonstrating the two countries' new "friendship without limits." Xi and Putin emphasized the importance of jointly safeguarding their countries' energy security. Putin touted plans for a gas pipeline from Siberia to China ahead of the meeting, saying the agreement was all-but finalized. "We were just discussing a good project, the new Power of Siberia 2 pipeline via Mongolia. Practically all the parameters of that agreement have been finalized," Putin told Xi at the beginning of the meeting, according to the Financial Times. Beijing has grown increasingly friendly with Moscow over the past year as Putin's invasion of Ukraine left the country largely ostracized on the world stage. Xi's visit comes just days after the International Criminal Court issued a warrant for Putin's arrest for war crimes committed in Ukraine. Nevertheless, the pair called each other "dear friend" when they first shook hands on Monday. Putin alleged during Monday's meeting that the Western world is conspiring to stifle Russia and China by "persistently working to split the common Eurasian space into a network of ‘exclusive clubs’ and military blocs that would serve to contain our countries’ development." The exact details of Russia and China's Tuesday economic agreement have yet to be released. Over to Paris… https://nationalpost.com/pmn/news-pmn/crime-pmn/macrons-government-faces-moment-of-truth-over-pension-reform Protesters set rubbish on fire as French govt barely survives no-confidence vote Protesters set piles of rubbish on fire in central Paris on Monday after President Emmanuel Macron’s government narrowly survived a no-confidence motion in parliament on Monday over a deeply unpopular pension reform. The failure of the no-confidence vote will be a relief to Macron. Had it succeeded, it would have sunk his government and killed the legislation, which is set to raise the retirement age by two years to 64. But the relief proved short-lived. In some of Paris’ most prestigious avenues, firefighters scrambled to put out burning rubbish piles left uncollected for days due to strikes as protesters played cat-and-mouse with police. Earlier on Thursday, a Reuters reporter saw police fire tear gas and briefly charge at protesters after the no-confidence vote barely fell short of enough votes to pass. Unions and opposition parties said they would step up protests to try and force a u-turn. The vote on the tripartisan, no-confidence motion was closer than expected. Some 278 MPs backed it, just nine short of the 287 needed for it to succeed. As soon as the failure of the no-confidence vote was announced, lawmakers from the hard left (LFI, France Unbowed) shouted “Resign!” at Prime Minister Elisabeth Borne and brandished placards that read: “We’ll meet in the streets.” In the southwestern city of Bordeaux, about 200-300 people, mostly youngsters, gathered against the reform and chanted: “Macron, resign!” A couple of trash bins were lit on fire as the crowd chanted: “This will blow up.” Over the past three nights, clashes over the pension reform, in Paris and throughout the country, have been reminiscent of the Yellow Vest protests that erupted in late 2018 over high fuel prices. A ninth nationwide day of strikes and protests is scheduled on Thursday. “Nothing undermines the mobilization of workers,” the hardline CGT union said after the vote, calling on workers to step up industrial action and “participate massively in rolling strikes and demonstrations.” Opposition parties will also challenge the bill in the Constitutional Council, which could decide to strike down some or all of it – if it considers it breaches the constitution. A second motion of no confidence, tabled by the far-right National Rally (RN), also failed, after it gathered only 94 votes. Other opposition parties said they would not vote for it. Far-right leader Marine Le Pen said Borne should go. She said Macron should call a referendum on the reform but was unlikely to do so. “He’s deaf to what the French people want,” she told reporters. https://townhall.com/tipsheet/katiepavlich/2023/03/20/this-is-insane-mexican-government-seizes-assets-of-american-company-n2620887 'This Is Insane': Mexican Military Just Seized Assets of an American Company Over the weekend, the Mexican military seized a number of assets belonging to American company Vulcan Materials. "The seizure of a US company's marine terminal in Mexico has drawn criticism from a US senator and risks sparking more tension between the two nations amid spats over energy and security," Bloomberg reports. "US construction firm Vulcan Materials alleges that armed forces, including from the Mexican government, launched a takeover of its facility in the country's southeast on Tuesday. The company says a federal judge in Mexico has ordered a stay on any government effort to confiscate the property." The move prompted national security experts to sound the alarm, calling the situation "insane." Former Director of National Intelligence John Ratcliffe is also weighing in, noting President Joe Biden's continued weakness on the world stage. Last week, Mexican President Andrés Manuel López Obrador lashed out after Republicans called for additional tools to use military force against Mexican cartels. https://www.cnbc.com/2023/03/21/february-home-sales-spike.html Home sales spike 14.5% in February as the median price drops for the first time in over a decade Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly gain in 12 months and the largest increase since July 2020, just after the start of the Covid-19 pandemic. Sales were, however, 22.6% lower than they were in February of last year. These sales counts are based on closings, so the contracts were likely signed at the end of December and throughout January, when mortgage rates had fallen sharply. The average rate on the popular 30-year fixed loan hovered in the low 6% range throughout January after reaching a high of 7% last fall. The relative drop caused a jump in sales of newly built homes, before rates jumped back toward 7% in February. They now stand at 6.67%, according to Mortgage News Daily. “Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” said Lawrence Yun, chief economist for the Realtors, in a release. “Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” Higher mortgage rates have been cooling home prices since last summer, and for the first time in a record 131 consecutive months — nearly 11 years — prices were lower on a year-over-year comparison. The median price of an existing home sold in February was $363,000, a 0.2% decline from February 2022. That lower median price could be a sign that homes on the more affordable end of the market are selling. Sales might have been even higher were it not for what is still very low supply. There were just 980,000 homes for sale at the end of February, according to the Realtors, flat compared with January. At the current sales pace, that represents a 2.6-month supply. A balanced market between buyer and seller is considered a 4- to 6-month supply. “Inventory levels are still at historic lows,” Yun added. “Consequently, multiple offers are returning on a good number of properties.” This could start to heat prices again, but with mortgage rates now higher than they were in January it will be harder for some buyers to compete. All-cash sales accounted for 28% of transactions in February, down from 29% in January but up from 25% in February 2022. Individual investors returned, making up 18% of buyers, up from 16% in January but down from 19% in February 2022. When looking at sales at different price points, they were all down in the range of 20% from February last year, with sales down the most in the top, million-dollar-plus segment. https://www.cnn.com/2023/03/21/politics/idaho-firing-squad-bill/index.html Idaho lawmakers approve bill that would allow execution by firing squad Idaho lawmakers approved a bill Monday that would allow execution by firing squad, according to the legislature’s website. State Rep. Bruce D. Skaug confirmed the move in a statement to CNN. “H186 has now passed the Idaho Senate and House with a veto proof majority,” Skaug wrote in an email to CNN. “Upon signature of the Governor, the state may now more likely carry out justice, as determined by our judicial system, against those who have committed first degree murder.” A total of 24 officials voted for the bill, while 11 voted against it. House Bill 186 will move to Republican Gov. Brad Little’s desk next. The bill stipulates that firing squads will be used only if the state cannot obtain the drugs needed for lethal injections. Several states have struggled to source the drugs required for lethal injection, causing them to pause executions and triggering lawsuits from inmates who argue the injections are inhumane. Additionally, the bill permits Idaho to use firing squads if lethal injections are deemed unconstitutional by a court. A fiscal note tied to the bill explains that refurbishing the Department of Correction to meet “safety and execution requirements for the firing squad” will cost around $750,000. If the bill is signed into law, Idaho will follow South Carolina, which approved the usage of firing squads in March 2022. Three other states permit firing squads, according to the Death Penalty Information Center: Mississippi, Utah and Oklahoma. A firing squad was last used in the US in 2010 to execute convicted murderer Ronnie Lee Gardner in Utah.

Mortgage rates tumbled Monday in the wake of Silicon Valley Bank's collapse that has rattled markets.The average 30-year mortgage rate dropped to 6.57% on Monday, according to the latest Mortgage News Daily quote. That's down from 6.76% on Friday when SVB failed and 7% on Thursday when the bank's stock got hammered. The rate tracks the 10-year Treasury yield, which has fallen around 30 basis points since Wednesday's close as investors bet the unfolding chaos could persuade the Federal Reserve to slow its interest-rate hiking campaign.The unexpected drop in rates could offer an opening for price-strained homebuyers and homeowners who have been waiting for an opportunity to lock in a lower rate, but housing experts remain uncertain how long the dip will last.“There's still a lot of uncertainty but in the near term, I do expect mortgage rates to drop,” Daryl Fairweather, chief economist at Redfin, told Yahoo Finance. “And I expect buyers to take advantage of those mortgage rates because we've seen buyers be incredibly sensitive to those interest rates.”Support the showSign Up For Exclusive Episodes At: https://reasonabletv.com/LIKE & SUBSCRIBE for new videos every day. https://www.youtube.com/c/NewsForReasonablePeople

In this Real Estate News Brief for the week ending March 4th, 2023... the Fed Chief's testimony before Congress for the current week along with a forecast on home prices and what national rent growth is doing for single family homes and multi-families.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with comments from Fed Chief Jerome Powell about the central bank's fight against inflation. He spoke before the Senate Banking Committee and the House Financial Services Committee on March 7th and 8th. Bloomberg reports that he softened his tone slightly on the second day, saying that Fed officials will wait for new data on Jobs and inflation before they decide on the size of a rate hike when they meet later this month. He did say the rates will likely go higher than previously anticipated, but that depends on the new data and whether it indicates that the economy is still running hot. (1)   Recent economic data shows strong job growth and inflation that seems to be ticking higher, instead of lower. But the Fed will be getting February reports on jobs, inflation, and retail sales before the Fed's next meeting on March 21st and 22nd. Those reports will have a strong influence on the central bank's next move. Short-term rates are currently running between 4.5% and 4.75%. The Fed has penciled in a target range of 5% to 5.25%.    The weekly jobless report shows that initial unemployment claims were down again, for the seventh week in a row. They've been holding steady below 200,000, which is near a historic low. Last week, there were 192,000 new claims. Continuing claims also dropped. They were down 5,000 to 1.66 million. (2)   Pending home sales bumped higher in January. The National Association of Realtors says that contract signings for existing homes rose 8.1%. That's a big bump, and the highest since June of 2020. That follows a pull-back in home sales as mortgage rates pushed higher, and then came back down slightly. Unfortunately, they have been rising again so we may see a new lull in home sales. NAR expects an 11.1% drop in existing-home sales for 2023. (3)   Construction spending was down slightly in January. The government says it dropped .1%. Spending is up overall, at 5.7% for the past year. As for single-family construction, it was down 1.7% in January. (4)   Mortgage Rates   Mortgage rates continue to move higher, as I mentioned. Freddie Mac says the average 30-year fixed-rate mortgage was up 15 basis points this last week, to 6.65%. The 15-year was up 13 points to 5.89%. (5) The Mortgage News Daily has the average pegged at 7.1% for the 30-year. The Daily's COO, Matthew Graham says: “Rates continue to move at the suggestion of economic data, and the data hasn't been friendly. This is scary considering this week's data is insignificant compared to several upcoming reports.” (6)   In other news making headlines…   Lower Home Prices in the Coming Months?   As mortgage rates hover in the 7% range, home prices will likely head lower in the coming months. According to Redfin, the typical U.S. home sold for just over $350,000 in February. That's down .6% from the previous year, and the first time prices have fallen since February 2012. But that's not making homes more affordable. The typical mortgage payment has hit a record high of $2,520. (7)   Redfin's Deputy Chief Economist Taylor Marr says: “Mortgage rates rising to the 7% range was the straw that broke the camel's back, dampening home buying demand and leading to sellers asking less for their homes.” He expects prices to come down a bit more in the months ahead, but he says: “First-time buyers hoping to score a major deal this year are likely out of luck… because so few homeowners are listing their homes for sale.”   When it comes to affordability, Redfin says that just 1 in 5 home listings were affordable last year. That's down from 2 in 5 in 2021. (8)   National Rent Growth Rebound   Multi-family rent growth did a u-turn in February, with the first positive number in several months. Apartmentlist.com reports that after months of decline, it was up by .3% in February to a year-over-year increase of 3%. The research team says it's following a seasonal trend and shows that rental demand is rebounding. (9)   Single-family rent growth dropped by about 50% in December, but the latest report from CoreLogic shows that that annual rate is 6.4%. The report says that the average rent for a detached rental home had gone up about $300 a month over the past two years. And that markets in Florida, including Orlando and Miami have posted the highest gains. (10)   That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!   You can also join RealWealth for free at newsforinvestors.com. If you're interested in learning more about real estate investing, please click on the Learn tab. When you become a member, you'll have full access to the site. That includes our market data, property teams, investment counselors, and a list of property tours that RealWealth is offering over the next few months.   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.bloomberg.com/news/articles/2023-03-08/powell-says-no-decision-made-on-speeding-up-pace-of-rate-hikes#xj4y7vzkg   2 - https://www.marketwatch.com/story/jobless-claims-fall-again-and-stay-below-200-000-for-seventh-week-in-a-row-523a6d27?mod=home-page   3 - https://www.marketwatch.com/story/pending-home-sales-rise-8-1-in-january-largest-increase-since-june-2020-1896d2d7?mod=search_headline   4 - https://www.marketwatch.com/story/u-s-construction-spending-falls-slightly-in-january-87b95bce?mod=mw_latestnews   5 - https://www.freddiemac.com/pmms   6 - https://www.cnbc.com/2023/03/02/mortgage-rates-back-over-7percent.html   7 - https://www.redfin.com/news/housing-market-update-home-sale-prices-fall-first-time/   8 - https://www.redfin.com/news/share-of-homes-affordable-2022/   9 - https://rentalhousingjournal.com/national-rent-growth-turns-positive-in-february/?utm_source=Master+Vendors&utm_campaign=88767b9e22-EMAIL_CAMPAIGN_2023_03_01_02_51&utm_medium=email&utm_term=0_-88767b9e22-%5BLIST_EMAIL_ID%5D   10 - https://www.corelogic.com/intelligence/corelogic-us-annual-rent-price-growth-dropped-by-nearly-half-in-december/

Today, the 30 year mortgage rate has risen above 7% according to Mortgage News Daily. This will now make home affordability tougher for many people. But you actually don't have to pay a 7% rate. Why? You can “buy down the rate”. Tonight on the Jon Sanchez Show at 5pm, we'll explain when buying down your rate makes sense and how the entire process works.

In this Real Estate News Brief for the week ending February 4th, 2023... another Fed rate hike with an encouraging forecast for the coming months, what Elon Musk is doing with Lennar in Texas, and why real estate agents are embracing an artificial intelligence chatbot called ChatGPT.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from the past week. The Federal Reserve's Open Market Committee hiked short-term rates by another quarter point, as expected. That raises the Federal Funds rate to a range of 4.5 to 4.75%. It's the highest it's been since October of 2007, and will likely go higher before the Federal Reserve is convinced that inflation is subsiding. During a news conference, Fed Chief Jerome Powell said: “While recent developments are encouraging, we will need substantially more evidence to be confident that inflation is on a sustained downward path.” (1)   Economists are generally seeing at least one or two more quarter point hikes with the possibility of rate cuts after that. The weekly CNBC Fed Survey shows that 82% of participating economists are forecasting another quarter point hike in March as “baked in” with the possibility of a policy reversal after that, and rate cuts later this year. Only 51% are expecting a recession. That's down from 60% in recent surveys, but normal projections for a recession are more like 20%. (2)   Jobless claims dipped again, despite recent layoff announcements. The government says there were 186,000 weekly unemployment applications which is down from 195,000 for the previous week. Ongoing claims were also down about 11,000 to a total of 1.66 million. According to MarketWatch, there has been a gradual increase of continuing claims since last spring which suggests that it's taking longer for people to find new jobs, but the job market remains tight. (3)   The latest report on job creation shows that companies added 517,000 new jobs to the market in January while the unemployment rate went from 3.5% to 3.4%. That's the lowest it's been since 1969, and reflects the strength of the job market. Economist Sal Guatieri from BMO Capital Markets says of the report: “It raises serious doubts about the economy slipping into recession and the Fed ending its tightening cycle this spring.” (4)   Home price growth has slowed for a fifth month in a row. The S&P CoreLogic Case-Schiller national index shows that it fell a seasonally adjusted .6% in November to an annual rate of 9.2%. The 20-city index was down .5% to an annual rate of 8.6%. Of those 20 cities, Miami, Tampa, and Atlanta topped the list for largest year-over-year gains, although prices are also lower in these cities. The only city with a decline in home price growth was Detroit but only by .1%. (5)   The amount of money spent on construction was down in December. The Commerce Department says it fell a seasonally adjusted .4% to $1.81 trillion. Wall Street economists had expected a flat reading. Single-family construction was down 2.3%. (6)   Mortgage Rates   Mortgage rates dropped a bit closer to the 5% range. Freddie Mac says the average 30-year fixed-rate mortgage was down 4 basis points to 6.09% while the 15-year fell three points, to 5.14%. According to Mortgage News Daily, the average 30-year rate has already dipped below that 6% threshold to 5.99%. The big dip came right after Fed Chief Powell softened his language about inflation after last week's meeting and rate hike. Freddie says the lower rates will make it possible for as many as three million more people to qualify for a loan. (7) (8)   In other news making headlines…   Elon Musk Partners with Lennar in Texas   Elon Musk is expanding his footprint in Texas with a community of about 100 workforce homes. He's teaming up with Lennar to build the homes in the Pflugerville area, north of Austin, where the Boring Company is headquartered.   The development is being affectionately called “Project Amazing” with some Musk-inspired street names that include: Boring Bulevard, Cutterhead Xing, Porpoise Place and Waterjet Way. (9)   Real Estate Industry Embraces ChatGPT   Real estate agents are embracing the artificial intelligence chatbot ChatGPT. Business Insider says realtors are using it for emails, property listings, social media posts, and newsletters.   According to Iowa real estate agent JJ Johannes: “It's not perfect but it's a great starting point.” He says the chatbot uses all the lingo you'd expect to see in a listing like “open floor plan” and “recently updated.” You can also add to the listing after it's written if you think that details were left out.   Miami broker Andres Asion offered another example, he was unsuccessful at getting a developer to correct a problem with some windows until he asked ChatGPT to write the email as a legal issue. He says the developer showed up at the owner's home shortly after that email was sent.   The artificial intelligence chatbot was introduced to the public just a few months ago. It is currently free to use, but some people are saying they'd gladly pay 100 to $200 a month for access.   That's it for today. Check the show notes for links at newsforinvestors.com, and join RealWealth for more information about real estate investing. It's free to join and get access to all our data including our virtual live event on February 11th. It's called “Why You Should Invest in Real Estate in 2023” and features 11 property teams and 1 commercial broker. Once you sign up as a member, it takes about two seconds to register for the event at our website.   And don't forget to subscribe to the podcast if you haven't already, and leave us a review!   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.cnbc.com/2023/02/01/fed-rate-decision-february-2023-quarter-point-hike.html   2 - https://www.cnbc.com/2023/01/31/why-the-case-is-growing-for-a-fed-rate-cut-before-year-end.html   3 - https://www.marketwatch.com/story/u-s-jobless-claims-drop-to-nine-month-low-of-183-000-11675345085?mod=economy-politics   4 - https://www.marketwatch.com/story/u-s-adds-517-000-new-jobs-in-january-in-sign-labor-market-still-strong-11675431419?mod=home-page   5 - https://www.marketwatch.com/story/u-s-home-prices-fall-for-5th-straight-month-in-november-case-shiller-index-shows-11675174667?mod=economy-politics   6 - https://www.marketwatch.com/story/u-s-construction-spending-falls-in-december-11675264823?mod=economic-report   7 - https://www.freddiemac.com/pmms   8 - https://www.cnbc.com/2023/02/02/mortgage-rates-five-percent-range-first-time-september.html   9 - https://therealdeal.com/texas/2023/01/30/elon-musk-lennar-plan-workforce-housing-near-boring-co/   10 - https://www.businessinsider.com/realtors-using-ai-chatgpt-to-write-property-listings-emails-2023-1

Parade of Techniques: 1. A person can never have too many apps. Here are two new apps that you are going to want to get hold of: 
HitEmUp - an app that you can send a personalized text to for your own phone number!
 Mortgage News Daily - a free app that tracks real-time mortgage rates! 2. A POT from Mike about a text marketing service called Easy Texting. Here is what it does — it takes one of your listings and marries it to everyone in your MLS who has put anyone close to your listing into their search parameters and texts them about your listing! Ask the Experts: 1. I've got this buyer and I can't get them off the dime because of the market. They're just procrastinating… I've got this seller and I can't get them off the dime because of the market. They're just procrastinating… What do I do with these buyers and sellers who are procrastinating? 2. What are you doing in response to the “slow down” in the market? Are you doing anything differently?

In this Real Estate News Brief for the week ending November 12th, 2022… what's next after a really good report on inflation, the NAHB's latest report on housing affordability, and the ten fastest growing U.S. cities.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic News We begin with economic news from this past week, and a report on inflation that shows the Fed is making progress with its rate hikes. The U.S. Bureau of Labor Statistics reported a lower-than-expected .4% increase in the October Consumer Price Index which brought the annual rate down to 7.7%. It was 8.2% in September. Stock market investors were pleased that inflation appears to be subsiding, and the Dow closed up more than 1,000 points. But that doesn't mean that the fight is over. Although Fed officials are expressing some amount of optimism, several spoke out about the danger of pausing too soon on the rate hikes. (1)Richmond Fed president Thomas Barkin told CNBC that the Fed had its foot on the gas and is now ready to “pump the brakes.” He explained that likely means the Fed will call for “a slower pace of increases, a longer pace of increase and a potentially higher point.” He sees the Federal Funds rate going as high as 5%, or higher, in smaller increments, before the Fed gets inflation back down to the 2% level. (2)San Francisco Fed president Mary Daly said the CPI report was “indeed good news,” but that 7.7% inflation is still far too high. She said: “It's better than over 8% but it's not close enough to 2 in any way for me to be comfortable. So it's far from a victory.” (3)Dallas Fed President Lorie Logan had similar comments saying the CPI report was “a welcome relief” but that more rate increases are probably needed. She said: “I believe it may soon be appropriate to slow the pace of rate increase so we can better assess how financial and economic conditions are evolving.”The Fed's next meeting in December happens right after the November report on the CPI, so that data will surely impact any rate hike decisions made at that meeting.Mortgage RatesMeanwhile, mortgage rates fell sharply right after the release of the CPI. According to Mortgage News Daily, the average rate on the 30-year fixed-rate loan fell 60 basis points from 7.22% to 6.62%. The Daily's chief operating officer Matthew Graham says: “This is the best argument to date that rates are done rising, but confirmation requires next month's CPI to tell the same story.” (4)Jobless ClaimsThe number of people applying for unemployment was up 7,000 last week to a total of 225,000 initial claims. That's the highest it's been in a month but it's still a low number, although some big companies are announcing layoffs. Jefferies economist Tom Simons says that “Layoff announcements from larger companies have become more frequent. So we are likely to see this number rise in the weeks and months ahead.” Continuing claims were up 6,000 to a total of 1.49 million. (5)In other news making headlines...NAHB: Housing Affordability More Americans are finding it's too expensive to buy a home of their own. The National Association of Home Builders released its third quarter report on housing affordability and it shows that affordability has fallen to its lowest point since the Great Recession. According to the NAHB, just 42.2% of new and existing homes that were sold in Q3 were affordable for families making a median income of $90,000. That percentage was 42.8% in the second quarter. (6)That data includes a drop in the national median home price from $390,000 to $380,000 and an increase in the average mortgage interest rate from 5.33% to 5.72%. Home Equity FallsLower home prices mean that homeowners are also losing some of their equity. According to Black Knight, about $2.5 trillion in home equity has disappeared since May, with the average borrower losing $30,000. Although home equity could fall further, Black Knight's president of data and analytics, Ben Graboske, says that “homeowner positions remain broadly strong.” (7)The report shows that the number of people who are underwater on their loans is only .85%. That's fewer than 500,000 borrowers out of about 53 million U.S. mortgage holders. That's double what it was in May, but it's still considered quite low.Fastest Growing CitiesSome U.S. cities are doing much better than others when it comes to economic growth. The Kenan Institute of Private Enterprise issued a list of the ten fastest growing cities in the nation, and New York is not one of them. (8)It may not surprise you however, that the San Francisco/Bay Area is number one on the list with a 2022 GDP of $1.4 trillion and a GDP growth rate of 4.8%. Austin, Seattle, Raleigh/Durham, and Dallas round out the top five. Denver, Salt Lake City, Charlotte, New Orleans, and Orlando are in the fifth through tenth positions.A few markets that we like for residential investment include the Dallas and Orlando metro areas. The 2022 GDP for Dallas is $682 billion with a 3.1% growth rate. And for Orlando, the GDP is $246 billion with a growth rate of 2.4%.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!You can also join RealWealth for free at newsforinvestors.com to find out more about real estate investing. As a member, you have access to our Learning Center as well as our market data, our experienced investment counselors, and our list of top-notch real estate professionals that can help get you going, or keep you on track, with your investment goals.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.marketwatch.com/story/coming-up-consumer-price-index-for-october-11668086355?mod=economy-politics2 -https://www.cnbc.com/2022/11/04/fed-officials-barkin-and-collins-see-possibility-for-slower-rate-hikes-ahead.html3 -https://www.cnbc.com/2022/11/10/fed-officials-welcome-inflation-news-but-still-see-tighter-policy-ahead.html4 -https://www.cnbc.com/2022/11/10/mortgage-rates-fall-sharply-to-under-7percent-after-inflation-eases.html5 -https://www.marketwatch.com/story/jobless-claims-tick-higher-in-latest-week-116680877256 -https://eyeonhousing.org/2022/11/unsurprisingly-housing-affordability-continues-to-fall/7 -https://www.cnbc.com/2022/11/07/homeowners-lost-1point5-trillion-in-equity-since-may-as-home-prices-drop.html8 - https://www.cnbc.com/2022/11/09/fastest-growing-us-cities-kenan-institute.html

This is Garrison Hardie with your CrossPolitic Daily Newsbrief, for Tuesday, November 8th, 2022. I hope you all had a wonderful weekend with you and yours. And happy election day by the way! Get out and VOTE today, as it is our duty as Christians to work to shape this nation in God’s image. Without further adieu, let’s get you caught up on the news: https://thepostmillennial.com/breaking-elon-musk-endorses-gop-in-midterms?utm_campaign=64487 Elon Musk endorses GOP in midterms In a tweet posted on Monday morning, less than 24 hours before Election Day, new Twitter owner Elon Musk recommended that Americans vote for Republican candidates during their visit to the polls tomorrow. In a tweet addressed to "independent-minded voters," Musk wrote, "Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic." https://rumble.com/v153b3f-elon-musk-says-he-will-vote-for-republicans-this-election.html -Play Video Musk’s tweet comes as Republican candidates in key states have either taken the lead or have come within striking distance of their Democrat counterparts. In Arizona’s Senate race, incumbent Mark Kelly is up just one point, according to RealClearPolitics’ average of polls. In the state’s gubernatorial race, Republican candidate Kari Lake is up 1.8 points. In Pennsylvania, GOP Senate candidate Mehmet Oz is up 0.1 percent over Democrat John Letterman. In a poll from Trafalgar, Republican candidate Doug Mastriano is down just 4.3 points. In the blue state of New York, gubernatorial incumbent Kathy Hochul holds a 6.2 point lead over Lee Zeldin, who has quickly closed the gap ahead of Election Day. Independent polls have pointed to Zeldin taking the lead. In Florida’s governor race, incumbent Ron DeSantis holds an 11.5 point lead over Democrat challenger Charlie Crist, according to RealClearPolitics. Even in the deep blue states on the west coast, Republican challengers are closing the gap. https://www.cnbc.com/2022/11/07/consumer-confidence-in-housing-hits-new-low-says-fannie-mae.html Consumer confidence in the housing market hits a new low, according to Fannie Mae Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market. In October, just 16% of consumers said they thought now is a good time to buy a home, according to a monthly survey by Fannie Mae. That is the lowest share since the survey began in 2011. The share of respondents who thought now is a good time to sell a home also dropped from 59% to 51%. Fannie Mae’s survey looks not just at buying and selling but tests sentiment about home prices, mortgage rates and the job market. It combines them all into one number, which also fell for the eighth straight month and now sits at a new low. A higher share of consumers, 37%, said they expect home prices to drop in the next 12 months. That compares with 35% in September. More also believe mortgage rates will rise. Fast-rising interest rates are what turned the red-hot housing market on its heels in early summer. The average rate on the popular 30-year fixed mortgage started the year near a record low, around 3%. By June it crossed 6%, and it’s now just over 7%, according to Mortgage News Daily. “As continued affordability constraints reduce homebuyer demand, and homeowners become reluctant to sell at potentially reduced prices, we expect home sales to slow even further in the coming months, consistent with our forecast,” wrote Doug Duncan, Fannie Mae’s chief economist, in a release. Home prices dropped again in September, according to Black Knight, albeit at a slower monthly pace than they did in July and August. Prices are now down 2.6% since June, the first three-month decline since 2018, when interest rates also rose. It is the worst three-month stretch for home prices since early 2009. Prices, however, were still 10.7% higher in September than the same month last year. https://www.dailywire.com/news/judge-blocks-ny-gun-law-excoriates-democrats-trying-to-eviscerate-the-bill-of-rights Judge Blocks NY Gun Law, Excoriates Democrats Trying To ‘Eviscerate The Bill Of Rights’ A Trump-appointed judge in New York last week blocked a gun law from taking effect and took Democrats to task for trying to “eviscerate the Bill of Rights.” U.S. District Judge John Sinatra Jr. issued an injunction blocking a gun law that bars people in New York from bearing arms in places of worship. “The court reiterates that ample Supreme Court precedent addressing the individuals right to keep and bear arms – from Heller and McDonald to its June 2022 decision in [New York State Rifle & Pistol Association Inc. v. Bruen] – dictates that New York’s new place of worship restriction is equally unconstitutional,” Sinatra said, The Daily Caller reported. “The Constitution and the Bill of Rights are the Status quo – not 2022 legislation on the books for nine weeks,” the judge continued, taking aim at the Democrat-controlled New York legislature. “Legislative enactments may not eviscerate the Bill of Rights. Every day they do is one too many.” “The nation’s history does not countenance such an incursion into the right to keep and bear arms across all places of worship across the state,” Sinatra wrote. “The right to self defense is no less important and no less recognized at these places.” The federal judge in October issued a temporary hold on the law, similarly writing, “In Bruen, the Court made the Second Amendment test crystal clear: regulations in this area is permissible only if the government demonstrates that the regulation is consistent with the Nation’s historical tradition of sufficiently analogous regulations. … New York fails that test. The State’s exclusion is, instead, inconsistent with the Nation’s historical traditions.” In its New York State Rifle & Pistol Association Inc. v. Bruen decision, the U.S. Supreme Court in June ruled that longtime restrictions New York placed on carrying concealed firearms run in violation of Americans’ Second and 14th Amendment rights, The Daily Wire reported. The case centered on a 1911 New York state law that conditioned the right to a concealed carry permit on “good moral character” and “proper cause.” The Supreme Court majority opinion, written by Justice Clarence Thomas, took issue with the latter condition, which unlawfully forced New Yorkers to demonstrate “a special need for self-defense.” “We know of no other constitutional right that an individual may exercise only after demonstrating to government officers some special need,” Thomas wrote. “That is not how the First Amendment works when it comes to unpopular speech or the free exercise of religion. It is not how the Sixth Amendment works when it comes to a defendant’s right to confront the witnesses against him. And it is not how the Second Amendment works when it comes to public carry for self-defense.” FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://thepostmillennial.com/breaking-press-sec-says-bidens-words-were-twisted-when-he-said-he-wanted-to-shut-down-coal-plants?utm_campaign=64487 Press sec says Biden's 'words were twisted' when he said he wanted to shut down coal plants During a White House press briefing on Monday, Press Secretary Karine Jean-Pierre was asked about Joe Biden's remarks on Friday where he promised to shut down coal plants across the country and she said it was "a bit loud and hard to hear." https://rumble.com/v1sb6as-november-7-2022.html - Play Video On Friday, Biden promised to permanently end coal production in the United States while speaking in Carlsbad, California at a political event "touting his administration's economic policies." Biden claimed that the US is going to "become a wind generation" and "it’s going to save them a hell of a lot of money and using the same transmission line that they transmitted the coal-fired electric on, we're going to be shutting these plants down all across America and having wind and solar power." In response Joe Manchin, the Democratic senator from West Virginia, said on Saturday that President Biden's comments were "outrageous" and that the president owed coal miners an "immediate and public apology." After Manchin's response, Jean-Pierre put out a statement that read, "The President’s remarks yesterday have been twisted to suggest a meaning that was not intended; he regrets it if anyone hearing these remarks took offense." "The President was commenting on a fact of economics and technology: as it has been from its earliest days as an energy superpower, America is once again in the midst of an energy transition," the statement read, indicating that the US must embrace "clean and efficient American energy." Armored Republic The Mission of Armored Republic is to Honor Christ by equipping Free Men with Tools of Liberty necessary to preserve God-given rights. In the Armored Republic there is no King but Christ. We are Free Craftsmen. Body Armor is a Tool of Liberty. We create Tools of Liberty. Free men must remain ever vigilant against tyranny wherever it appears. God has given us the tools of liberty needed to defend the rights He bestowed to us. Armored Republic is honored to offer you those Tools. Visit them, at ar500armor.com https://www.theepochtimes.com/court-orders-true-the-vote-leaders-released-from-jail_4846717.html?utm_source=partner&utm_campaign=BonginoReport Court Orders Release of True the Vote Leaders From Jail Two leaders of the election integrity group True the Vote were released from jail after an appeals court overruled a judge’s order that they be detained for contempt of court. Catherine Engelbrecht and Gregg Phillips were ordered released by a panel on the U.S. Court of Appeals for the 5th Circuit late on Nov. 6. “IT IS ORDERED that Petitioners’ opposed motion for release from detention is GRANTED pending further order of this court,” the panel said in the order, which was obtained by The Epoch Times. The panel consisted of Circuit Judges Catharina Haynes, a George W. Bush appointee; Kurt Engelhardt, a Donald Trump appointee; and Andrew Oldham, a Trump appointee. Engelbrecht and Phillips were released on Nov. 7. Engelbrecht and Phillips were sent to jail on Oct. 31 by U.S. District Judge Kenneth Hoyt, a Reagan appointee, who found them in contempt of court for not revealing the identities of people who allegedly accessed information from Konnech, a Michigan-based election management software company whose founder was recently arrested for allegedly stealing poll worker data and hosting the information on servers in China. The order for confinement was to be in place until the defendants “fully comply” with an order that they reveal certain information, including the identities, Hoyt said. Engelbrecht and Phillips say they passed on information that was legally obtained from Konnech to the FBI. One of their attorneys identified one of the individuals in question, Mike Hasson, during an October hearing. But they have declined to share the name of the second person. Both the individuals are FBI informants, Phillips asserted during one hearing. The contempt order came after Konnech sued True the Vote and its founders for defamation. In its opposition to the petition, Konnech said that the True the Vote founders were trying to “strip the District Court of its contempt power” and that they “have no one but themselves to blame for their confinement” after defying Hoyt’s order. Lawyers for the firm said, “Petitioners’ imprisonment is not an emergency especially in this case where the Petitioners are contemnors and recalcitrant witnesses who hold the keys to the jailhouse, and can free themselves immediately upon purging their contempt.” Alright, now it’s time for my favorite topic, sports! Last week, the Houston Astros, did this: The Astros win the World Series! Play 0:00-0:17 https://nypost.com/2022/11/06/dusty-baker-finally-wins-world-series-as-a-manager/ HOUSTON — The Astros’ manager stood on the stage where the World Series trophy was presented late Saturday night and channeled his inner Jimmy Johnson. “How about those Astros!” Dusty Baker said. After 25 seasons managing in the major leagues and two previous trips to the World Series, Baker is finally a world champion manager. With the Astros’ 4-1 victory over the Phillies in Game 6, the 73-year-old Baker became the oldest manager to lead a team to a World Series title. Hired to stabilize the organization before the 2020 season — in the aftermath of the team’s sign-stealing scheme from 2017 that cost former manager A.J. Hinch his job — Baker might now be the most popular man in Texas. Baker took the Giants to Game 7 of the World Series in 2002 before they lost to the Angels. Under his guidance last season, the Astros made it to the World Series before losing to the Braves in six games. The Astros rolled to the AL West title this season, winning 106 games, before starting the postseason 7-0 with ALDS and ALCS sweeps of the Mariners and Yankees, respectively. The Phillies, however, jumped ahead 2-1 in the World Series, before the Astros closed it out with three straight victories.

This is Garrison Hardie with your CrossPolitic Daily Newsbrief, for Tuesday, November 8th, 2022. I hope you all had a wonderful weekend with you and yours. And happy election day by the way! Get out and VOTE today, as it is our duty as Christians to work to shape this nation in God’s image. Without further adieu, let’s get you caught up on the news: https://thepostmillennial.com/breaking-elon-musk-endorses-gop-in-midterms?utm_campaign=64487 Elon Musk endorses GOP in midterms In a tweet posted on Monday morning, less than 24 hours before Election Day, new Twitter owner Elon Musk recommended that Americans vote for Republican candidates during their visit to the polls tomorrow. In a tweet addressed to "independent-minded voters," Musk wrote, "Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic." https://rumble.com/v153b3f-elon-musk-says-he-will-vote-for-republicans-this-election.html -Play Video Musk’s tweet comes as Republican candidates in key states have either taken the lead or have come within striking distance of their Democrat counterparts. In Arizona’s Senate race, incumbent Mark Kelly is up just one point, according to RealClearPolitics’ average of polls. In the state’s gubernatorial race, Republican candidate Kari Lake is up 1.8 points. In Pennsylvania, GOP Senate candidate Mehmet Oz is up 0.1 percent over Democrat John Letterman. In a poll from Trafalgar, Republican candidate Doug Mastriano is down just 4.3 points. In the blue state of New York, gubernatorial incumbent Kathy Hochul holds a 6.2 point lead over Lee Zeldin, who has quickly closed the gap ahead of Election Day. Independent polls have pointed to Zeldin taking the lead. In Florida’s governor race, incumbent Ron DeSantis holds an 11.5 point lead over Democrat challenger Charlie Crist, according to RealClearPolitics. Even in the deep blue states on the west coast, Republican challengers are closing the gap. https://www.cnbc.com/2022/11/07/consumer-confidence-in-housing-hits-new-low-says-fannie-mae.html Consumer confidence in the housing market hits a new low, according to Fannie Mae Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market. In October, just 16% of consumers said they thought now is a good time to buy a home, according to a monthly survey by Fannie Mae. That is the lowest share since the survey began in 2011. The share of respondents who thought now is a good time to sell a home also dropped from 59% to 51%. Fannie Mae’s survey looks not just at buying and selling but tests sentiment about home prices, mortgage rates and the job market. It combines them all into one number, which also fell for the eighth straight month and now sits at a new low. A higher share of consumers, 37%, said they expect home prices to drop in the next 12 months. That compares with 35% in September. More also believe mortgage rates will rise. Fast-rising interest rates are what turned the red-hot housing market on its heels in early summer. The average rate on the popular 30-year fixed mortgage started the year near a record low, around 3%. By June it crossed 6%, and it’s now just over 7%, according to Mortgage News Daily. “As continued affordability constraints reduce homebuyer demand, and homeowners become reluctant to sell at potentially reduced prices, we expect home sales to slow even further in the coming months, consistent with our forecast,” wrote Doug Duncan, Fannie Mae’s chief economist, in a release. Home prices dropped again in September, according to Black Knight, albeit at a slower monthly pace than they did in July and August. Prices are now down 2.6% since June, the first three-month decline since 2018, when interest rates also rose. It is the worst three-month stretch for home prices since early 2009. Prices, however, were still 10.7% higher in September than the same month last year. https://www.dailywire.com/news/judge-blocks-ny-gun-law-excoriates-democrats-trying-to-eviscerate-the-bill-of-rights Judge Blocks NY Gun Law, Excoriates Democrats Trying To ‘Eviscerate The Bill Of Rights’ A Trump-appointed judge in New York last week blocked a gun law from taking effect and took Democrats to task for trying to “eviscerate the Bill of Rights.” U.S. District Judge John Sinatra Jr. issued an injunction blocking a gun law that bars people in New York from bearing arms in places of worship. “The court reiterates that ample Supreme Court precedent addressing the individuals right to keep and bear arms – from Heller and McDonald to its June 2022 decision in [New York State Rifle & Pistol Association Inc. v. Bruen] – dictates that New York’s new place of worship restriction is equally unconstitutional,” Sinatra said, The Daily Caller reported. “The Constitution and the Bill of Rights are the Status quo – not 2022 legislation on the books for nine weeks,” the judge continued, taking aim at the Democrat-controlled New York legislature. “Legislative enactments may not eviscerate the Bill of Rights. Every day they do is one too many.” “The nation’s history does not countenance such an incursion into the right to keep and bear arms across all places of worship across the state,” Sinatra wrote. “The right to self defense is no less important and no less recognized at these places.” The federal judge in October issued a temporary hold on the law, similarly writing, “In Bruen, the Court made the Second Amendment test crystal clear: regulations in this area is permissible only if the government demonstrates that the regulation is consistent with the Nation’s historical tradition of sufficiently analogous regulations. … New York fails that test. The State’s exclusion is, instead, inconsistent with the Nation’s historical traditions.” In its New York State Rifle & Pistol Association Inc. v. Bruen decision, the U.S. Supreme Court in June ruled that longtime restrictions New York placed on carrying concealed firearms run in violation of Americans’ Second and 14th Amendment rights, The Daily Wire reported. The case centered on a 1911 New York state law that conditioned the right to a concealed carry permit on “good moral character” and “proper cause.” The Supreme Court majority opinion, written by Justice Clarence Thomas, took issue with the latter condition, which unlawfully forced New Yorkers to demonstrate “a special need for self-defense.” “We know of no other constitutional right that an individual may exercise only after demonstrating to government officers some special need,” Thomas wrote. “That is not how the First Amendment works when it comes to unpopular speech or the free exercise of religion. It is not how the Sixth Amendment works when it comes to a defendant’s right to confront the witnesses against him. And it is not how the Second Amendment works when it comes to public carry for self-defense.” FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://thepostmillennial.com/breaking-press-sec-says-bidens-words-were-twisted-when-he-said-he-wanted-to-shut-down-coal-plants?utm_campaign=64487 Press sec says Biden's 'words were twisted' when he said he wanted to shut down coal plants During a White House press briefing on Monday, Press Secretary Karine Jean-Pierre was asked about Joe Biden's remarks on Friday where he promised to shut down coal plants across the country and she said it was "a bit loud and hard to hear." https://rumble.com/v1sb6as-november-7-2022.html - Play Video On Friday, Biden promised to permanently end coal production in the United States while speaking in Carlsbad, California at a political event "touting his administration's economic policies." Biden claimed that the US is going to "become a wind generation" and "it’s going to save them a hell of a lot of money and using the same transmission line that they transmitted the coal-fired electric on, we're going to be shutting these plants down all across America and having wind and solar power." In response Joe Manchin, the Democratic senator from West Virginia, said on Saturday that President Biden's comments were "outrageous" and that the president owed coal miners an "immediate and public apology." After Manchin's response, Jean-Pierre put out a statement that read, "The President’s remarks yesterday have been twisted to suggest a meaning that was not intended; he regrets it if anyone hearing these remarks took offense." "The President was commenting on a fact of economics and technology: as it has been from its earliest days as an energy superpower, America is once again in the midst of an energy transition," the statement read, indicating that the US must embrace "clean and efficient American energy." Armored Republic The Mission of Armored Republic is to Honor Christ by equipping Free Men with Tools of Liberty necessary to preserve God-given rights. In the Armored Republic there is no King but Christ. We are Free Craftsmen. Body Armor is a Tool of Liberty. We create Tools of Liberty. Free men must remain ever vigilant against tyranny wherever it appears. God has given us the tools of liberty needed to defend the rights He bestowed to us. Armored Republic is honored to offer you those Tools. Visit them, at ar500armor.com https://www.theepochtimes.com/court-orders-true-the-vote-leaders-released-from-jail_4846717.html?utm_source=partner&utm_campaign=BonginoReport Court Orders Release of True the Vote Leaders From Jail Two leaders of the election integrity group True the Vote were released from jail after an appeals court overruled a judge’s order that they be detained for contempt of court. Catherine Engelbrecht and Gregg Phillips were ordered released by a panel on the U.S. Court of Appeals for the 5th Circuit late on Nov. 6. “IT IS ORDERED that Petitioners’ opposed motion for release from detention is GRANTED pending further order of this court,” the panel said in the order, which was obtained by The Epoch Times. The panel consisted of Circuit Judges Catharina Haynes, a George W. Bush appointee; Kurt Engelhardt, a Donald Trump appointee; and Andrew Oldham, a Trump appointee. Engelbrecht and Phillips were released on Nov. 7. Engelbrecht and Phillips were sent to jail on Oct. 31 by U.S. District Judge Kenneth Hoyt, a Reagan appointee, who found them in contempt of court for not revealing the identities of people who allegedly accessed information from Konnech, a Michigan-based election management software company whose founder was recently arrested for allegedly stealing poll worker data and hosting the information on servers in China. The order for confinement was to be in place until the defendants “fully comply” with an order that they reveal certain information, including the identities, Hoyt said. Engelbrecht and Phillips say they passed on information that was legally obtained from Konnech to the FBI. One of their attorneys identified one of the individuals in question, Mike Hasson, during an October hearing. But they have declined to share the name of the second person. Both the individuals are FBI informants, Phillips asserted during one hearing. The contempt order came after Konnech sued True the Vote and its founders for defamation. In its opposition to the petition, Konnech said that the True the Vote founders were trying to “strip the District Court of its contempt power” and that they “have no one but themselves to blame for their confinement” after defying Hoyt’s order. Lawyers for the firm said, “Petitioners’ imprisonment is not an emergency especially in this case where the Petitioners are contemnors and recalcitrant witnesses who hold the keys to the jailhouse, and can free themselves immediately upon purging their contempt.” Alright, now it’s time for my favorite topic, sports! Last week, the Houston Astros, did this: The Astros win the World Series! Play 0:00-0:17 https://nypost.com/2022/11/06/dusty-baker-finally-wins-world-series-as-a-manager/ HOUSTON — The Astros’ manager stood on the stage where the World Series trophy was presented late Saturday night and channeled his inner Jimmy Johnson. “How about those Astros!” Dusty Baker said. After 25 seasons managing in the major leagues and two previous trips to the World Series, Baker is finally a world champion manager. With the Astros’ 4-1 victory over the Phillies in Game 6, the 73-year-old Baker became the oldest manager to lead a team to a World Series title. Hired to stabilize the organization before the 2020 season — in the aftermath of the team’s sign-stealing scheme from 2017 that cost former manager A.J. Hinch his job — Baker might now be the most popular man in Texas. Baker took the Giants to Game 7 of the World Series in 2002 before they lost to the Angels. Under his guidance last season, the Astros made it to the World Series before losing to the Braves in six games. The Astros rolled to the AL West title this season, winning 106 games, before starting the postseason 7-0 with ALDS and ALCS sweeps of the Mariners and Yankees, respectively. The Phillies, however, jumped ahead 2-1 in the World Series, before the Astros closed it out with three straight victories.

This is Garrison Hardie with your CrossPolitic Daily Newsbrief, for Tuesday, November 8th, 2022. I hope you all had a wonderful weekend with you and yours. And happy election day by the way! Get out and VOTE today, as it is our duty as Christians to work to shape this nation in God’s image. Without further adieu, let’s get you caught up on the news: https://thepostmillennial.com/breaking-elon-musk-endorses-gop-in-midterms?utm_campaign=64487 Elon Musk endorses GOP in midterms In a tweet posted on Monday morning, less than 24 hours before Election Day, new Twitter owner Elon Musk recommended that Americans vote for Republican candidates during their visit to the polls tomorrow. In a tweet addressed to "independent-minded voters," Musk wrote, "Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic." https://rumble.com/v153b3f-elon-musk-says-he-will-vote-for-republicans-this-election.html -Play Video Musk’s tweet comes as Republican candidates in key states have either taken the lead or have come within striking distance of their Democrat counterparts. In Arizona’s Senate race, incumbent Mark Kelly is up just one point, according to RealClearPolitics’ average of polls. In the state’s gubernatorial race, Republican candidate Kari Lake is up 1.8 points. In Pennsylvania, GOP Senate candidate Mehmet Oz is up 0.1 percent over Democrat John Letterman. In a poll from Trafalgar, Republican candidate Doug Mastriano is down just 4.3 points. In the blue state of New York, gubernatorial incumbent Kathy Hochul holds a 6.2 point lead over Lee Zeldin, who has quickly closed the gap ahead of Election Day. Independent polls have pointed to Zeldin taking the lead. In Florida’s governor race, incumbent Ron DeSantis holds an 11.5 point lead over Democrat challenger Charlie Crist, according to RealClearPolitics. Even in the deep blue states on the west coast, Republican challengers are closing the gap. https://www.cnbc.com/2022/11/07/consumer-confidence-in-housing-hits-new-low-says-fannie-mae.html Consumer confidence in the housing market hits a new low, according to Fannie Mae Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market. In October, just 16% of consumers said they thought now is a good time to buy a home, according to a monthly survey by Fannie Mae. That is the lowest share since the survey began in 2011. The share of respondents who thought now is a good time to sell a home also dropped from 59% to 51%. Fannie Mae’s survey looks not just at buying and selling but tests sentiment about home prices, mortgage rates and the job market. It combines them all into one number, which also fell for the eighth straight month and now sits at a new low. A higher share of consumers, 37%, said they expect home prices to drop in the next 12 months. That compares with 35% in September. More also believe mortgage rates will rise. Fast-rising interest rates are what turned the red-hot housing market on its heels in early summer. The average rate on the popular 30-year fixed mortgage started the year near a record low, around 3%. By June it crossed 6%, and it’s now just over 7%, according to Mortgage News Daily. “As continued affordability constraints reduce homebuyer demand, and homeowners become reluctant to sell at potentially reduced prices, we expect home sales to slow even further in the coming months, consistent with our forecast,” wrote Doug Duncan, Fannie Mae’s chief economist, in a release. Home prices dropped again in September, according to Black Knight, albeit at a slower monthly pace than they did in July and August. Prices are now down 2.6% since June, the first three-month decline since 2018, when interest rates also rose. It is the worst three-month stretch for home prices since early 2009. Prices, however, were still 10.7% higher in September than the same month last year. https://www.dailywire.com/news/judge-blocks-ny-gun-law-excoriates-democrats-trying-to-eviscerate-the-bill-of-rights Judge Blocks NY Gun Law, Excoriates Democrats Trying To ‘Eviscerate The Bill Of Rights’ A Trump-appointed judge in New York last week blocked a gun law from taking effect and took Democrats to task for trying to “eviscerate the Bill of Rights.” U.S. District Judge John Sinatra Jr. issued an injunction blocking a gun law that bars people in New York from bearing arms in places of worship. “The court reiterates that ample Supreme Court precedent addressing the individuals right to keep and bear arms – from Heller and McDonald to its June 2022 decision in [New York State Rifle & Pistol Association Inc. v. Bruen] – dictates that New York’s new place of worship restriction is equally unconstitutional,” Sinatra said, The Daily Caller reported. “The Constitution and the Bill of Rights are the Status quo – not 2022 legislation on the books for nine weeks,” the judge continued, taking aim at the Democrat-controlled New York legislature. “Legislative enactments may not eviscerate the Bill of Rights. Every day they do is one too many.” “The nation’s history does not countenance such an incursion into the right to keep and bear arms across all places of worship across the state,” Sinatra wrote. “The right to self defense is no less important and no less recognized at these places.” The federal judge in October issued a temporary hold on the law, similarly writing, “In Bruen, the Court made the Second Amendment test crystal clear: regulations in this area is permissible only if the government demonstrates that the regulation is consistent with the Nation’s historical tradition of sufficiently analogous regulations. … New York fails that test. The State’s exclusion is, instead, inconsistent with the Nation’s historical traditions.” In its New York State Rifle & Pistol Association Inc. v. Bruen decision, the U.S. Supreme Court in June ruled that longtime restrictions New York placed on carrying concealed firearms run in violation of Americans’ Second and 14th Amendment rights, The Daily Wire reported. The case centered on a 1911 New York state law that conditioned the right to a concealed carry permit on “good moral character” and “proper cause.” The Supreme Court majority opinion, written by Justice Clarence Thomas, took issue with the latter condition, which unlawfully forced New Yorkers to demonstrate “a special need for self-defense.” “We know of no other constitutional right that an individual may exercise only after demonstrating to government officers some special need,” Thomas wrote. “That is not how the First Amendment works when it comes to unpopular speech or the free exercise of religion. It is not how the Sixth Amendment works when it comes to a defendant’s right to confront the witnesses against him. And it is not how the Second Amendment works when it comes to public carry for self-defense.” FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://thepostmillennial.com/breaking-press-sec-says-bidens-words-were-twisted-when-he-said-he-wanted-to-shut-down-coal-plants?utm_campaign=64487 Press sec says Biden's 'words were twisted' when he said he wanted to shut down coal plants During a White House press briefing on Monday, Press Secretary Karine Jean-Pierre was asked about Joe Biden's remarks on Friday where he promised to shut down coal plants across the country and she said it was "a bit loud and hard to hear." https://rumble.com/v1sb6as-november-7-2022.html - Play Video On Friday, Biden promised to permanently end coal production in the United States while speaking in Carlsbad, California at a political event "touting his administration's economic policies." Biden claimed that the US is going to "become a wind generation" and "it’s going to save them a hell of a lot of money and using the same transmission line that they transmitted the coal-fired electric on, we're going to be shutting these plants down all across America and having wind and solar power." In response Joe Manchin, the Democratic senator from West Virginia, said on Saturday that President Biden's comments were "outrageous" and that the president owed coal miners an "immediate and public apology." After Manchin's response, Jean-Pierre put out a statement that read, "The President’s remarks yesterday have been twisted to suggest a meaning that was not intended; he regrets it if anyone hearing these remarks took offense." "The President was commenting on a fact of economics and technology: as it has been from its earliest days as an energy superpower, America is once again in the midst of an energy transition," the statement read, indicating that the US must embrace "clean and efficient American energy." Armored Republic The Mission of Armored Republic is to Honor Christ by equipping Free Men with Tools of Liberty necessary to preserve God-given rights. In the Armored Republic there is no King but Christ. We are Free Craftsmen. Body Armor is a Tool of Liberty. We create Tools of Liberty. Free men must remain ever vigilant against tyranny wherever it appears. God has given us the tools of liberty needed to defend the rights He bestowed to us. Armored Republic is honored to offer you those Tools. Visit them, at ar500armor.com https://www.theepochtimes.com/court-orders-true-the-vote-leaders-released-from-jail_4846717.html?utm_source=partner&utm_campaign=BonginoReport Court Orders Release of True the Vote Leaders From Jail Two leaders of the election integrity group True the Vote were released from jail after an appeals court overruled a judge’s order that they be detained for contempt of court. Catherine Engelbrecht and Gregg Phillips were ordered released by a panel on the U.S. Court of Appeals for the 5th Circuit late on Nov. 6. “IT IS ORDERED that Petitioners’ opposed motion for release from detention is GRANTED pending further order of this court,” the panel said in the order, which was obtained by The Epoch Times. The panel consisted of Circuit Judges Catharina Haynes, a George W. Bush appointee; Kurt Engelhardt, a Donald Trump appointee; and Andrew Oldham, a Trump appointee. Engelbrecht and Phillips were released on Nov. 7. Engelbrecht and Phillips were sent to jail on Oct. 31 by U.S. District Judge Kenneth Hoyt, a Reagan appointee, who found them in contempt of court for not revealing the identities of people who allegedly accessed information from Konnech, a Michigan-based election management software company whose founder was recently arrested for allegedly stealing poll worker data and hosting the information on servers in China. The order for confinement was to be in place until the defendants “fully comply” with an order that they reveal certain information, including the identities, Hoyt said. Engelbrecht and Phillips say they passed on information that was legally obtained from Konnech to the FBI. One of their attorneys identified one of the individuals in question, Mike Hasson, during an October hearing. But they have declined to share the name of the second person. Both the individuals are FBI informants, Phillips asserted during one hearing. The contempt order came after Konnech sued True the Vote and its founders for defamation. In its opposition to the petition, Konnech said that the True the Vote founders were trying to “strip the District Court of its contempt power” and that they “have no one but themselves to blame for their confinement” after defying Hoyt’s order. Lawyers for the firm said, “Petitioners’ imprisonment is not an emergency especially in this case where the Petitioners are contemnors and recalcitrant witnesses who hold the keys to the jailhouse, and can free themselves immediately upon purging their contempt.” Alright, now it’s time for my favorite topic, sports! Last week, the Houston Astros, did this: The Astros win the World Series! Play 0:00-0:17 https://nypost.com/2022/11/06/dusty-baker-finally-wins-world-series-as-a-manager/ HOUSTON — The Astros’ manager stood on the stage where the World Series trophy was presented late Saturday night and channeled his inner Jimmy Johnson. “How about those Astros!” Dusty Baker said. After 25 seasons managing in the major leagues and two previous trips to the World Series, Baker is finally a world champion manager. With the Astros’ 4-1 victory over the Phillies in Game 6, the 73-year-old Baker became the oldest manager to lead a team to a World Series title. Hired to stabilize the organization before the 2020 season — in the aftermath of the team’s sign-stealing scheme from 2017 that cost former manager A.J. Hinch his job — Baker might now be the most popular man in Texas. Baker took the Giants to Game 7 of the World Series in 2002 before they lost to the Angels. Under his guidance last season, the Astros made it to the World Series before losing to the Braves in six games. The Astros rolled to the AL West title this season, winning 106 games, before starting the postseason 7-0 with ALDS and ALCS sweeps of the Mariners and Yankees, respectively. The Phillies, however, jumped ahead 2-1 in the World Series, before the Astros closed it out with three straight victories.

THE THESIS: Real world examples we can use to teach financial realities are everywhere, especially today. We need to help people understand the sleight of hand, the lies and the goals of the financial game-makers. Then, we need to compare that to the Word of God and how The Bible and Lord Jesus teach us to steward our finances.  THE SCRIPTURE & SCRIPTURAL RESOURCES:  Bible Verses About Money: What Does The Bible Have To Say About Our Financial Lives? THE NEWS & COMMENT: [AUDIO] - White House Spokesliar claims Biden “has worked towards to make sure that the economy works for everyone and not to leave anyone behind." Axios's Econocs Guy: Jaw-dropping. Average rate on a 30 year fixed-rate mortgage pierced 7 today, per Mortgage News Daily, reaching 7.08%. A 20-year high. Meanwhile  . . . the Figurehead reads from a binder advice for people in Florida  [AUDIO] - Prepare for the hurricane season by getting vaccinated A full Month of people's income will be stolen this year by inflation.  Stock market losses wipe out $9 trillion from Americans' wealth The WEF is going to get their long, dark winter that they asked for … sorry, I mean, predicted … a few years ago [AUDIO] - BIDEN: "There will be no longer a Nord Stream 2. We will bring an end to it." REPORTER: "How will you do that, exactly? Since the project and control of the project is within Germany's control?" BIDEN: "I promise you we'll be able to do it."See omnystudio.com/listener for privacy information.

In this Real Estate News Brief for the week ending September 3rd, 2022... why rate hikes might backfire, why economists are seeing a sharp increase in the housing supply, and what Elon Musk is saying about owning a tiny home in Texas.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic News We begin with economic news from this past week. A paper released at the Jackson Hole Summit argues that the central bank cannot control inflation by rate hikes alone. Researchers from Johns Hopkins University and the Chicago Fed authored the report, and say rate hikes could make matters worse without a reduction in government spending. The federal debt is currently at 123% of GDP which is down slightly from early 2020 during the beginning of the pandemic, but it's much higher than it has been since the mid-1940's. As interest rates rise, so does the cost of that debt. (1)The latest reports on the job market, and manufacturing, both show that the economy is still in good shape. It's still growing, but at a slower pace. A report from the Institute for Supply Management shows that new orders and employment increased, and that inflation was down slightly. It says there's one red flag – that some companies have bloated inventories which could put them in a tough spot if the economy slows down any more. (2)Meantime, initial jobless claims dropped to a nine-week low of 232,000 which means there's no sign of any big layoffs. Economists say this is one of the best barometers for economic health. (3) Job openings also expanded to 11.2 million in July. That's up from 11 million in June. The unemployment rate is currently at 3.5%. (4)Home price growth was down in July. The S&P CoreLogic Case-Shiller 20-city index deceased from 20.5% in May to 18.6% in June. The national index was up a seasonally adjusted .3%, but that's the smallest increase in two years. (5)Money spent on residential construction was down .4% in July. Economists expected it to fall because builders have been cutting back on their plans. Year-over-year, construction spending is still up 8.5%. (6)Consumers are feeling much better about the economy, now that gas prices have gone down. The consumer confidence index jumped from 95.7 to 103.2 in August. That's the first time it's gone up in four months. (7)Mortgage RatesMortgage rates are getting closer to the 6% level. Freddie Mac says the 30-year fixed-rate mortgage was up 11 basis points to an average of 5.66%. The 15-year was up 13 points to 3.98%. (8) Mortgage News Daily reports that the numbers from Freddie are way too low. It says the average is more like 6.23%. (9)In other news making headlines…Housing Supply to Increase SharplySome economists expect to see a big increase in housing completions in the coming months. The Calculated Risk blog says that even while housing starts slow down, builders will be finishing up many of the homes currently in the pipeline. That includes single-family and multi-family homes. (10)Bill McBride at Calculated Risk is estimating a 10% increase in completions this year to almost 1.6 million. That's because there's an unusually high number of housing units under construction due to supply chain issues.FSBO Is Not Very Popular Right NowA high number of home sellers have decided to go with an agent, instead of doing the deal on their own. The National Association of Realtors says that FSBOs, which stands for “for sale by owner,” typically rise during hot markets, but the latest Profile of Home Buyers and Sellers shows the opposite. FSBOs were just 7% of home sales last year. That's the lowest percentage in about 30 years. 15 years ago, 12% of sellers decided to go it alone. (11) The report says that sellers are finding value in the hiring of real estate professionals. Among the benefits is the competitive pricing of a home, help with marketing to potential buyers, and negotiating the deal.Elon Musk Does, In Fact, Own a Boxabl CasitaThere's been much speculation as to whether Tesla and SpaceX founder, Elon Musk, had downsized into a Boxabl Casita. We did a news story on this modular home several months ago, and there were rumors about Musk living in one near his SpaceX facility in Texas. In a recent interview, he confirmed the purchase of one of these homes, but said he uses it as a guest house, and not as his primary residence.The basic model is 375 square feet in size and folds up for delivery. It only takes a few hours to set up and costs about $50,000.That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!If you haven't yet joined RealWealth, just hit the “join for free” button on our website. You'll get access to our rental market data, our investor portal, and our network of real estate professionals including investment counselors, market specific property teams, lenders for investors, 1031 exchange facilitators, and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.cnbc.com/2022/08/29/fed-rate-hikes-wont-curb-inflation-if-spending-stays-high-paper-says.html2 -https://www.marketwatch.com/story/u-s-factories-expand-again-ism-finds-in-sign-economy-is-still-growing-11662041369?mod=economic-report3 -https://www.marketwatch.com/story/jobless-claims-tumbled-to-nine-week-low-of-232-000-layoffs-still-historically-low-11662035886?mod=economic-report4 -https://www.marketwatch.com/story/job-openings-climb-to-11-2-million-and-show-labor-market-still-going-strong-11661869076?mod=economic-report5 -https://www.marketwatch.com/story/u-s-home-price-growth-continues-to-decelerate-in-june-case-shiller-11661864864?mod=economic-report6 -https://www.marketwatch.com/story/construction-spending-softens-in-july-11662041467?mod=bnbh_mwarticle7 -https://www.marketwatch.com/story/consumer-confidence-rises-for-first-time-in-four-months-on-falling-gas-prices-and-slower-inflation-11661868411?mod=newsviewer_click8 -https://www.freddiemac.com/pmms9 -https://www.mortgagenewsdaily.com/markets/mortgage-rates-0901202210 -https://calculatedrisk.substack.com/p/update-housing-completions-will-increase11 -https://magazine.realtor/daily-news/2022/08/30/fsbos-usually-soar-in-a-hot-market-not-this-time12 -https://www.autoevolution.com/news/elon-musk-confirms-he-owns-a-50000-boxabl-casita-tiny-home-prototype-195285.html

GameStop today announced the long-awaited debut of its online marketplace for nonfungible tokens (NFT) in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology. The platform, which is now open to the public for beta testing, allows users to connect their own digital asset wallets, including the recently launched GameStop Wallet, the company said in a press release. They will then be able to buy, sell and trade NFTs of virtual goods. Over time, the marketplace will expand to offer Web3 gaming as well. The videogame retailer has struggled to stem losses in recent years, even as its sales of hardware, software and collectibles grow. In the three-month period ended April 30, GameStop reported a net loss of $157.9 million on revenue of $1.38 billion. A year earlier the company posted a $66 million net loss on $1.27 billion in revenue. Americans are canceling deals to buy homes at the highest rate since the start of the 2020 pandemic. The number of sale agreements on existing homes canceled in June was just under 15% of all homes that went under contract, according to a new report from Redfin. That is the highest share since early 2020, when homebuying paused immediately, albeit briefly. Cancelations were at about 11% one year ago. Higher mortgage rates and surging inflation are causing many potential homebuyers to reconsider their purchases. The average rate on the 30-year fixed mortgage started this year around 3% and then began rising steadily. It briefly shot above 6% in mid-June before settling in a narrow range around 5.75% now, according to an article from Mortgage News Daily. Europe has been under intense pressure in the wake of Russia's invasion of Ukraine, with higher energy costs pushing up inflation across the region. This economic reality is unlikely to change anytime soon, with new forecasts pointing to an upward revision in consumer prices across the bloc. Back in May, the institution projected a growth rate of 2.7% for this year and 2.3% for next year, both for the EU and the euro area. In terms of inflation in the euro area, the commission said this would hit 6.1% in 2022, before falling to 2.7% in 2023.

Months of Inventory for May landed at 0.67% or 20 days.  A balanced market, when supply equals demand, is defined by 6 months of inventory.  Yet, on the street, real estate agents and buyers “feel” like we are headed towards a balanced market.  Close to List came in at 105.33% telling us buyers are still paying more than asking on average.  If you look at over $1 million dollar homes, those went for 107.12% close to list. And median days on market were still a hot 4 days.  Yet some listings had few to no showings their first weekend on market and the median closed price actually dropped 0.24%. 197 more homes sold and 631 more homes went under contract than last month, while 72 fewer homes came on the market to choose from.  Given these numbers it's obvious that the active listings count pulled on the last day of May, on a Tuesday, would jump 14% from last month and 76% from last year giving buyers 3,652 homes to choose from. Right?  Buyer demand as measured by the United States MBA Purchase Index dropped 12.3% during the month of May.  Mortgage purchase applications softened as interest rates hit an average of 5.62% for a 30-year fixed mortgage on May 7th per the Mortgage News Daily survey. Application numbers remained muted even while rates dropped 0.5% during the 2nd half of May. With all the graduations and holidays, did buyers not notice? Buyers and sellers alike are trying to figure out how to time this market.  A market in transition is sending mixed messages. Inventory is still painfully low.  Closing 5,445 units last month means we need 32,670 homes for sale for a balanced market, an unrealistic number given Denver's propensity for being a sellers-market.  I'd be thrilled with even the 10,527 average active listings we've seen in May from 2008 through 2022.  There is a third of that today. But rising inventory will be the tell-tale of an easing market.  And we would expect to see rising inventory given consumer inflation of 8.3% and mortgage rates above 5% should cool buyer demand. Mortgage rates are expected to stay above 5% through 2022 as the Federal Reserve kicks off quantitative tightening on the 1st of June and plans on raising the Fed Rate by 0.5% in June and again in July.  We will know more as the Fed releases their Dot Plot Map at their June meeting; giving us clues as to where they see the Fed Rate going for the rest of 2022 as well as 2023 and 2024.  Many economists expect rates to stay where they are or even go a little higher as inflation continues to prove less transitory and weighted more on longer-lasting wages, housing, and the geopolitical events happening around us. These higher borrowing rates on top of our 18.42% year-to-date higher median closed prices could and should yield us longer days on market, higher active inventory counts, and softer month-over-month price growth as buyers become more decerning and slower to pull the trigger.  Sellers will need to adjust their strategies to continue to attract more buyers.  8.3% of closed transactions this May reduced their asking price prior to receiving an offer.  This compares to 6.9% in May of 2021.  Those properties that reduced their price spent a painful average of 28.4 days in the MLS compared to 7 days for those with no price reductions.  Sellers with homes on busy streets, odd layouts, or deferred maintenance might have missed their winning opportunity.  But for the rest of the sellers, pricing right and staging well will continue to reap rewards given our current months of inventory and close-to-list. Because buyers are still buying and willing to pay a premium.  Despite consumer confidence dipping 2.2 points, retail sales are up 0.9% month-over-month and 8.2% year-over-year.  Luxury sales, travel, and housing are all winners in the eyes of today's buyers.  As the number one hedge against inflation, housing will continue to remain strong even as we move inches towards a balanced market.  Because while the wealthy are spending $195 million on Andy Warhol prints of Marilyn Monroe and $143 million for 1955 vintage Mercedes Benz as hedges, the rest of us can count on a good home continuing to grow at a good pace providing stability and financial security as our hedge against inflation. Until next time, that's a wrap for this month's Market Trends update. It's my pleasure to keep you updated, Nicole Rueth of The Rueth Team of Fairway Mortgage

Nationally, home prices were 20.6% higher than they were in March 2021. The average rate on the 30-year fixed mortgage stood at 3.29% at the start of January and ended March at 4.67%, according to Mortgage News Daily. Regionally, Phoenix slipped from the top gainer spot for the first time in three years, with Tampa, Florida, taking over. Tampa, Phoenix and Miami continued to see the highest annual gains, with increases of 34.8%, 32.4% and 32.0% respectively. Seventeen of the 20 cities reported higher price increases in the year ended in March 2022 versus the year ended in February 2022. Nordstrom now sees fiscal 2022 revenue, including credit card sales, up 6% to 8%, compared with a prior range of up 5% to 7%. It forecasts earnings per share, excluding the impact of any share repurchase activity, in a range of $3.38 to $3.68, up from a prior range of $3.15 to $3.50. On an adjusted basis, it expects to earn between $3.20 and $3.50 a share. Boeing has been developing its Starliner spacecraft under NASA's Commercial Crew program, having won nearly $5 billion in contracts to build the capsule. The company competes under the program against Elon Musk's SpaceX, which completed development of its Crew Dragon spacecraft and is now on its fourth operational human spaceflight for NASA. The aerospace giant was once seen as evenly matched with SpaceX in the race to launch NASA astronauts. Yet the delays to Starliner's development have steadily set Boeing back, both in schedule and finances. Due to the fixed-price nature of its NASA contract, Boeing absorbed the cost of additional work on the capsule and has spent $595 million so far.

Does not take more time to close the loan. 4:24Home does not need to be in destroyed shape. Reno the “Disco” home that needs updating. 4:49Reno Team will work with the contractorFind more available inventory with Reno 7:36First time home buyers 7:04Why not just take out a second ? 7:58What is the “Reno Pitch” 9:23And so much more

In this Real Estate News Brief for the week ending June 19th, 2021... what the Fed is saying about rate hikes and tapers, how much single-family rents have grown, and where homebuyers are moving.Economic NewsWe begin with economic news from this past week. The Federal Reserve is starting to make plans for rate hikes and tapering due to the risks of higher inflation. In a statement after its monthly meeting it said that it might hike short term interest rates two times in 2023. It also continued to say that recent price hikes were temporary, but Fed Chief Jerome Powell said in the news conference that inflation could rise faster and last longer than he and his colleagues had anticipated. The Fed had forecast an annual rate of 3% this year, but it recently surged in May to a 13-year high of 5%. Powell also said that the Fed has had its first discussion about tapering. It is currently purchasing $80 billion in Treasurys and $40 billion in mortgage-backed securities to help stimulate the economy. (1) The job market recovery had a slight setback last week. Wall Street Journal economists had predicted initial jobless claims to continue their decline, but the Labor Department reported an increase of 37,000. Continuing claims were also up by a small amount to a total of about 3.5 million. And there's still a total of 14.8 million people collecting state or federal benefits of some kind. (2)Many are collecting an extra $300 a week from a federal program that's set to expire in September. Because it's been difficult to fill all the jobs that are available, 25 states say they are opting out of that program early, as an incentive for people to get back to work. (3)Housing starts were higher in May, but lumber prices and labor shortages kept those numbers lower than economists expected. The Census Bureau says they were up 3.6% to an annual rate of 1.57 million. And then permits were down 3%, which is also a reflection of the trouble that builders are dealing with. (4) But they may get a break on lumber pricing. They have dropped significantly in just the past two weeks. The Wall Street Journal reports that lumber futures for July are down 41% to around $1,000 for a thousand board feet. That's from a high of around $1,700 in early May. (5) Mortgage RatesMortgage rates shot up on Thursday, after comments from Fed Chief Powell. According to Mortgage News Daily, the 30-year fixed-rate mortgage jumped to 3.25%. Earlier in the day, Freddie Mac had posted it's weekly results for the average interest rate and it was still below 3%. (7)In other news making headlines...Single-Family Rent Growth DoublesSingle-family rent growth doubled during the pandemic with a one-year period. CoreLogic says rent growth rose from 2.4% in April of last year to 5.3% in April of this year. That includes both townhomes and detached homes. As CNBC reports, that's the fastest rate of growth in almost 15 years, mostly due to strong demand for larger homes with yards. (8)If you separate the numbers for stand-alone detached homes, the gains are even larger. CoreLogic says those rents are 7.9% higher, with Phoenix topping the list at 12.2%. Tucson, Las Vegas, and Atlanta were right behind Phoenix. Two big-city decliners include Boston, with a 5.9% drop in single-family rents, and Chicago, with a 2.6% decline.Moving to a Different MetroA new report from Redfin shows that homebuyer interest in moving to a different metro that began during the pandemic, continues at an elevated level. (9) Based on where Redfin.com users are searching, 31.4% of those people were interested in moving to a new metro in April and May. That's up from 26% in the first quarter of last year, and only one-tenth of a percent less than the first quarter of this year. The top five destination cities include Phoenix, Las Vegas, Sacramento, Austin, and Miami.That's also pushing prices higher in those destination cities. Redfin says that prices in Austin are up 42.4% year-over-year. That's the largest increase among all the cities that Redfin was tracking. Phoenix prices had the second largest increase. They were up 33.3%. Sacramento was fifth on the list with prices rising 29.3%.Redfin chief economist, Daryl Fairweather, says: “Even though homes in popular destinations are much more expensive than they were a year ago, it's still well worth it for many people to leave expensive coastal cities in favor of inland metros.”States with the Most Shopping CentersHave you ever wondered how many shopping centers and malls there are in the United States? According to a report by the International Council of Shopping Centers, the U.S. has just over 115,000 of them. And 27% of them can be found in just three states. (10)California has the most wth 15,285. Texas is second with 12,834. And Florida is third, with 10,843. Those three states also pay the most in sales tax as well.You'll find links to our sources in the show notes for this episode at NewsForInvestors.comClick here to join RealWealth now, it's free and only takes a minute!Links:1 - https://www.marketwatch.com/story/fed-now-sees-two-interes-trate-hikes-in-2023-116238668242 - https://www.marketwatch.com/story/u-s-jobless-claims-rise-unexpectedly-in-latest-week-11623933361?mod=economy-politics3 - https://www.cnbc.com/2021/06/16/states-to-end-federal-unemployment-benefits-for-400000-this-weekend.html4 - https://www.marketwatch.com/story/builders-break-ground-on-more-new-homes-in-may-but-its-still-not-enough-11623848035?mod=home-page5 - https://magazine.realtor/daily-news/2021/06/16/lumber-prices-are-dropping-fast6 - http://www.mortgagenewsdaily.com/7 - http://www.freddiemac.com/pmms/8 - https://www.cnbc.com/2021/06/15/rents-for-single-family-homes-just-saw-the-largest-gains-in-nearly-15-years.html9 - https://www.redfin.com/news/april-may-2021-housing-migration-trends/10 - https://chainstoreage.com/27-us-shopping-centers-are-found-california-texas-and-florida