S2025 Ep271: Fed Pauses… Now What? 🚨 War, Oil, Shutdown & Mortgage Rates Next Week--PART 2

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Now let's get to that housing bill thing that they talked about and they passed and everybody's hooting and hollering about.

Let me just give you my take. The true take on this. I'm actually in the mortgage business. You guys know that.

I'm pro real estate. I'm a second generation. Every all my ancestors were from Italy.

My dad and the lifelong goal was to own his own house and that was mine.

That's what got me into this business. So I know the business and I want to give you my true take on the housing bill.

Let's just go through it kind of piece by piece and I'm just going to give you my section.

I'm going to post the blog up there so you guys can go in here and I just want your take on this.

I'd love to if you can put your information in here. I just I just want to see what your take is.

Okay, so what they're going to do is one of a few things. One, the first thing is they're going to do is they're kind of come out and start saying Wall Street.

You can't buy and I think it was like 350 homes or something like that.

Well, you realize they can have subsidiaries and DBAs and all these other things.

So Wall Street smart enough that they can figure out, okay, we're still going to buy massive amounts of properties.

Can they get caught? Yeah, would they get caught? It's like any other audits. That's just my true take on love your take on this.

So I think if you're a major investor, you're going to find loopholes around this.

I hope not, but that's mostly likely what's going to happen. Push to build more housing.

Well, that's a great idea. They're there saying grants and incentives, new construction and I hope they don't throw a lot of money at this.

Okay, because if you have, everything kind of starts at the county level or the city level.

So if you have the federal government coming in saying, okay, we're going to give grants.

All you're going to do is start throwing more money at these states to have maybe more waste.

This is, again, my take. I apologize, folks. Well, I won't apologize. This is my take. That's why you're here.

So I'm going to give you your option. You can post down below. You can post this live if you want.

Boost manufacturing housing and reduce regulations. Now this is huge.

Three, number three, manufacturing, mobile modular, all these other types of properties. They're good homes.

They're actually passed there. They might be more solidly built than a lot of other than properties.

I'm going to start out. If you guys know a manufacturing company where you represent them or whatever, have reached out to me.

I'd love to interview them so they can explain exactly what these type of properties are.

So if you're, you know, really fluent in this and you're in that business, reach out to me.

If you're in Indiana, I'm right out, you know, right in the suburbs of Chicago, reach out to me.

I love to even come down and visit you. But we got to show that these are good properties.

You can finance them. They don't, like, can they be moved or any house can be moved.

So it's a good, good home to go with that is probably that should get the number one big boom, boom, boom highlight on this.

Expand financing anytime you mess with financing. Now I have an economics video coming out.

There might be a little crude. Okay. So here's what it says anytime you mess with

economics 101 supply demand, you're going to screw it up.

So if you dump in more supply, just to help, well, what's going to happen?

Well, prices and everything you're going to adjust. And then when those deplete,

ways around. Let me know if I reconnected.

I should be back folks. So we should be reconnected.

All right. So the next thing is we got through the expanded finance and anytime you throw money at this stuff,

it's going to be a losing proposition. Please check my economics video. I think it's coming out Saturday or Sunday.

It's about four or five minutes long. It's economics 101 under five minutes.

You got to watch it two or three times and then you'll get the gist of it. Trust me on that one.

So financing let the markets determine what they need to determine. Okay.

And then cutting red tape. It's great to say. It's awesome to say. What are they doing?

So it starts in your local communities. Hopefully when you're the voting comes out, you vote.

But don't just go in and vote party line. Make sure you understand the candidate you're voting for.

I don't care right left in the middle, whatever you want.

But make sure they represent your true beliefs are not just what I hate that person.

So I'm not make sure you're truly understanding the people you're putting in office.

Okay. So here's another part of that affordability thing.

Okay. So here's what we want to talk about on housing affordability.

Rates, I think as soon as this conflict's over, they're going to they're going to drop back and they're moving still.

They're down 80, 80. So we're down 86. We'll see if it hits 100. I'll be back if it does.

Okay. So now we keep going on affordability. So you realize though, let me just give you some facts behind this.

Rates in 2023 high end were 8% 8.2 in 2023.

2024 we had a high end of seven and a half.

There are rings between seven half and eight.

And then in 2025, we actually went from seven all the way down to six and a half.

Then this year, we had five, nine, nine, three weeks ago.

I've been trying to push you guys to say, hey, fill out my rate watch trigger system.

It got overwhelmed when we had the 5.99.

If you didn't get it, I've been trying to reach out to everybody saying, hey, reach out to us because you know, rates are they're all over the map right now.

I think it's pretty much cushioned with a lot of these bonds and vigilantes, but it's going to come back.

But then you throw things like this on top of it, the marriage penalty tax.

If you make a million dollars, God bless you if you make a million dollars.

But now you got to pay if you if you stay in the state of Washington.

Let me know if you're from Washington.

You now have to pay a 10% tax on that money.

So you already have to pay federal taxes and everything else.

So you're now you're just penalizing people because, oh, you made a million dollars.

Now you got to pay 10% more.

It's like, well, can I just move across state lines?

And that's what my economics 101 video is going to be about.

You're going to see a huge transition is, you know, people that really don't understand economics.

Now I get a lot of people's views on this.

You want to do good for those and those who do.

But a lot of these things just, you know, it's equilibrium.

It's economics 101 and kind of back where we were before.

You know, it's a supply and demand of all this stuff.

Last but not least, hopefully you guys got some questions.

I'll get to that in a second.

Let me know if you guys can still hear me because we had a blip.

I lost connection here for a second.

So I just want to make sure you guys can still hear me.

But I found a way I subscribe to a whole different system.

It's right there here.

If you guys want any of these calculators, please check them out.

I created these things.

So if there's, or you need a tweak done to it, anything else done, you know, let me know.

I'd love to be able to create these things for you.

If you go to here, this should be the all-access where you get all the calculators.

But what I did is I'm like, okay, how much would my mortgage payment just be?

I don't want all this other stuff, but I want to pretty darn accurate.

I started making things like, you know, does it really make sense to refinance your mortgage?

You know, so you go through here and you can put in the numbers.

And then over there, it's going to tell you, okay, yes or no, it's just going to give you the math.

The true program finder.

What program do you really qualify for?

We have a real cool one down here.

The reverse mortgage one.

Now this one, when it hit, I had a ton of applications for this.

So if you know your mom, dad, aunts, uncles, anybody might be thinking of a reverse mortgage.

You know, let us know.

And those all calculators, all these calculators are for free for you guys.

I'm not trying to make any money on this.

I'm trying to just give you the tools to help you guys understand this and more behind it.

So that's what we're looking at for just what we're seeing today next week.

Here's what we're looking at.

So what am I going to do?

Your question will be, we can still hear you.

Thanks, man.

Thanks, Alan.

Hey, you're on here.

So here's what I want to talk about.

If you're sitting there as a person that's like, I wanted to refinance.

Now what?

I missed it.

Let's get over to here.

5.9.

What do we got?

What do we got?

J.E.

Okay.

If you have, if you're current homeowner right now, here's a tool right here.

It's just going to be a little promo section because if you know somebody, your brother, sister, somebody,

a lot of people don't know their mortgage rates.

So if you know somebody bought in like 2003, beginning in 2004, just say, hey, you still got your mortgage?

And they're like, yeah, say, you might want to call or watch this guy just to see.

He might be able to save $3, $400, $500.

Okay.

So that's all we're trying to do.

What you can do is put your information in right through here.

But we created rate watch 2.1.

What it does?

Is it tracks your mortgage rate for you?

We don't sell it.

I monitor it.

So I'll call you.

Text you.

Email you.

We had a glut.

We actually have keep making breaks in the system because so many are tracking.

So I think yesterday we got 123, but seven came to what?

It's a, it's please fill it out.

We will get to you.

We're actually phone calling people manually today.

So if you get a call from me, Tony or Alan, yes, it is us.

So we're tracking your rates to say, okay, when rates hit X, call me next time, Dan.

If the rates hit 599, call me.

But a lot of people are like, okay, I'm at six and a half.

I need five and a half.

But you might not really understand the savings.

So what I added to that thing is how much a month would you like to save?

So if it's 200 bucks, 300 bucks, 400 bucks, put it in there.

When it hits, based on all the math we have built in, I'll call you.

I'll, I'll text you. I'll email you.

So what do you do if you're like, okay, what now?

Did I miss it?

Now put that information in.

But now I'm, here's my proponent.

I even said it this morning and I probably missed that and we're now down 92.

So we're having a, everybody's here.

Here's what's going to happen today and it's going to keep going down.

We'll come back to this in a second when it gets down to 100.

This is panic selling.

All right.

It's a Friday on top of it.

Okay.

It's also triple witching something.

I think that came out yesterday last night or yesterday morning or today.

There's huge volatility.

These bubbles down here.

That's not good news.

That means mortgage rates and all these lenders are going up.

So if you got a quote yesterday, rates no good unless they locked in.

They're going up.

So this, this blip.

I'm going to show you just a couple of technicals that we have here.

This is for those techies out there, especially if you're a loan officer.

When you usually have a break in this, this trading line right through here.

See it?

That's got a gap.

So when it opened up the next day, there was a gap here.

Normally what happens in a healthy market and it depends on the reasoning being.

Is the gap usually fills itself because there was a reason for that.

You're going to have different technicals things like, you know,

it's economics 101 in the background bringing this back down to normal.

So it went through here and went back up.

Then today we had another gap.

So, and then it just continued to go down from here.

So where, again, we're an unprecedented times.

So if these make sense to you right now, if you're a homeowner,

your rates at eight and a quarter, you were trying to wait for rates to get to five and a half.

Reach out to us.

We'd love to help you.

If you're a home buyer and you're looking to build, here's,

here's my true take on this.

And I'm just going to be honest with you.

We don't know where rates are going to go from here because we don't know how long this world's going to last.

So call us.

Get pre-approved.

Make sure you're not getting pre-qualified.

Get pre-approved at a rate of 7%.

Can you afford it?

If you can afford it, move forward.

If you can't, maybe hold off.

And just hold off until rates come down.

They'll come down because basically the technicals have changed from three weeks ago to today.

That's the war.

It's oil.

It's energy prices.

It's inflation.

The good news is we're not as dependent on oil as we were back in the 70s.

But the bad news is it's going to push up oil prices and gas prices and energy prices for everybody.

So you can have inflation continue to rise.

The Fed might sit back and say, OK, well, we got that rising, tariffs rising.

I don't think they're going to cut.

I think there's a 0% chance they're going to cut.

The reason why we have inflation and prices going up is we have energy prices going up.

You and I can't control that.

We're just taking more of our money.

And we got the tariffs that maybe if they back out those,

we can get a little more equilibrium.

But right now it's, it's a struggle.

And I get it.

So I'm not here to provide you this information, the truth and nothing but the truth.

So if you guys got any questions, I would love to help you out.

If not, hit is down 98.

We're going to go before it hits down 100 because I'm going to go over and watch some basketball.

I think the weather here is about 70 degrees.

And I think some of my kids are coming to visit me today.

And I'll be also keeping an eye out on my mom.

So God bless, folks.

Thank you so much for watching us.

Thank you for piling on right when we came on board.

I greatly appreciate it.

Have a fantastic weekend.

Be safe out there.

Be warm.

And see you on Monday to see how this all this starts yet another week, folks.

Take care.

See you then.

Bye-bye.

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