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A Home for the Holidays? · Bought Borrowed and Sold

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Speaker 1: All right, welcome to Bob barn and Soul. Thank you
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Speaker 1: so much for joining us today. And uh, we've got
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Speaker 1: from Cross Country Mortgage Brad Smith hanging out in the
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Speaker 1: studio with us. What's up, Brad? How are you, Bud?
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Speaker 2: I'm great? How about you?
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Speaker 1: Doing? Good?
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Speaker 2: Man? It is It is a festive Sunday morning here
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Speaker 2: at the broadcast studio.
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Speaker 1: So we rolled up into the studio and and lo
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Speaker 1: and behold they've got this thing decked out and all
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Speaker 1: of the Christmas gear. And I'll tell you it does
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Speaker 1: look good. It does. It looks really good.
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Speaker 2: I'm ready.
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Speaker 1: It's it's kicked me off.
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Speaker 2: I'm like, let's go, Yes, get the stockings out and
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Speaker 2: let's start setting it up.
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Speaker 1: When do you start setting up for Christmas?
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Speaker 2: I have normally been a, you know, that weekend after Thanksgiving,
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Speaker 2: but I've gotten to where I kind of like doing
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Speaker 2: it at the weekend before Thanksgiving because I feel like
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Speaker 2: Thanksgiving is kind of part of all of it.
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Speaker 1: You know, I feel that too, And I think the
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Speaker 1: perfect time is that weekend before Thanksgiving.
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Speaker 2: Yeah, That's where I've kind of messled in because when
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Speaker 2: you have Thanksgiving, it's fun to already have it up,
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Speaker 2: I don't know. And then it's so that's kind of.
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Speaker 1: Where there's that suspense of like, all right, who's already
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Speaker 1: gotten gifts? Right? What is already under the tree? And
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Speaker 1: you know what would be cool to have a you know,
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Speaker 1: move into a brand new house for Christmas.
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Speaker 2: It's like miracle on thirty fourth Street. You get a
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Speaker 2: house for Christmas.
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Speaker 1: So it can bring you a house. Hey, look, if
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Speaker 1: you're still you know, if you want that house, you know,
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Speaker 1: move in by Christmas, have the holiday party at your place.
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Speaker 1: There is still time to make this happen. There is
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Speaker 1: still time.
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Speaker 2: For sure, and time on the still time on the clock,
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Speaker 2: plenty of time on the Yeah, we got like a
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Speaker 2: couple of weeks.
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Speaker 1: Yeah, yeah, yeah, so yeah, how fun will that be?
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Speaker 1: H to move into your new place for Christmas?
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Speaker 2: And I've had a couple you know we talk about like,
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Speaker 2: you know, our business does slow down seasonally, and we
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Speaker 2: can talk about it more in the next tebment, but
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Speaker 2: but it does have a slight increase in December. And
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Speaker 2: I think there's a couple of things that go into that. One.
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Speaker 2: I think people do kind of want to have it,
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Speaker 2: like get moved in before the holidays, if they know
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Speaker 2: they're going to be moving anyways. Yeah, I also think, like,
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Speaker 2: you know, you need that extended time to make them
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Speaker 2: move sometimes. And a lot of people have backlogged vacation
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Speaker 2: days or sick days that they use at the end
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Speaker 2: of the year, and they've got that whole week off
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Speaker 2: between Christmas and New Year, so they got time to
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Speaker 2: get the move done. Yeah, and then be settled, get
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Speaker 2: back to work, get school start back. That's a great points.
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Speaker 2: It's like a little reset hub, you know, kind of
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Speaker 2: midway through the kind of before we get back to
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Speaker 2: the buying cycle. So I see December usually as a
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Speaker 2: as a pretty good little tick up from like November
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Speaker 2: and what we're going to get back down to in
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Speaker 2: January traditionally.
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Speaker 1: Yeah, No, I think I really like that. I think
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Speaker 1: that you know a lot of people have leases that
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Speaker 1: come up at the end of the year, so they're
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Speaker 1: trying to you know, get out of that or just
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Speaker 1: kind of starting the new year fresh, right, so you know,
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Speaker 1: and and then always, you know what happens at holidays,
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Speaker 1: you know, sitting at you know, Thanksgiving dinner or you
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Speaker 1: know Christmas dinner, your holiday dinner, you've got you're talking
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Speaker 1: about your goals for the next year. M what are
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Speaker 1: you planning on doing. Are you gonna, you know, get
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Speaker 1: a new job, or you're gonna move to a different city,
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Speaker 1: You're going to move to a new house, you know,
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Speaker 1: or you know all that fun stuff. Are you gonna
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Speaker 1: get married? Right? I don't think you talk about getting divorced,
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Speaker 1: but there might be some of that wait wait, wait
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Speaker 1: till January. But you know a lot of people in
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Speaker 1: those conversations are starting to like talk about what their
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Speaker 1: plans are. And you know, I'll tell you what's what's
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Speaker 1: really crazy is we see our hits on our website.
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Speaker 1: Usually the day after a holiday like Thanksgiving and Christmas,
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Speaker 1: the hits to our website spike.
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Speaker 2: I believe that one hundred percent because I also just
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Speaker 2: think there's more people driving around, going to family, going
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Speaker 2: through different neighborhoods, seeing different signs, Oh and go look
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Speaker 2: it up or you know it starts. It gets those
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Speaker 2: wheels turning because they're driving maybe through different areas or
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Speaker 2: neighborhoods they're not used to or doing do it every day.
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Speaker 2: But I think those the people out and about more
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Speaker 2: during those times you get to family or noticing it
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Speaker 2: and then there said sitting around. Maybe football is on
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Speaker 2: remember seeing a sign nowther on another looking at so
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Speaker 2: we need more space, we need to you know they're
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Speaker 2: on the phone crushing it.
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Speaker 1: Yeah, yeah, absolutely, Well, you know, let's let's let's go
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Speaker 1: ahead and get going on the game. We've got some
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Speaker 1: open houses this week, We've got some uh we've got
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Speaker 1: some new listings and uh, I think we should uh
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Speaker 1: go ahead and get that that going. So i'd love
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Speaker 1: there is one open house I want to talk about
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Speaker 1: before we get the game going. But I'd love for
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Speaker 1: you to talk about the the rules of the game.
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Speaker 1: And it's gonna be me and John Mounts going head
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Speaker 1: ahead today.
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Speaker 2: Oh yeah, sorry, I got a little distracted. There were
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Speaker 2: some dark chocolate pe cons in front of me and
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Speaker 2: I wait, wait a minute.
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Speaker 3: You can have those by the way, yeah, eight, most
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Speaker 3: of them already, but they're still I'm definitely gonna sorry side.
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Speaker 1: I could get sidetracked on those kind of things too.
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Speaker 2: All right, So rules of the game, Gus, he's gonna
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Speaker 2: give us the properties of the open houses and coming
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Speaker 2: soon he's going to go through some of the cool
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Speaker 2: details and neat things about the property. And then the
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Speaker 2: Varian and he's going to give us the list price
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Speaker 2: of the property. I'm going to give a potential down
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Speaker 2: payment that a bar may make, and then Gusty and John,
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Speaker 2: we'll gets the thirty year fixed principal interest only monthly payment.
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Speaker 2: Yeah clear, I got it. Then I'm getting faster and
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Speaker 2: faster at it.
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Speaker 1: Let me let me get this before we go. I
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Speaker 1: want to get one off of our plate. So open
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Speaker 1: this afternoon from two to four. Is on Chapel Road,
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Speaker 1: twenty sixteen Chapel Road. We've had this one open a
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Speaker 1: couple of times. We've got a new price five and
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Speaker 1: twenty five thousand on this which is a fantastic new
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Speaker 1: price five twenty five. It's thirty six hundred feet, four bedrooms,
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Speaker 1: two and a half bass on zero point three nine
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Speaker 1: of an acre and it's on Chapel Road, on the
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Speaker 1: portion that's between Park Avenue and Shades Crest. Uh. So, uh,
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Speaker 1: if you want, if you're looking for a lot of
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Speaker 1: square footage and the Bluff Park Elementary School District five
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Speaker 1: and a quarter, and that one's going to be open
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Speaker 1: this afternoon from two to four. All right, you're ready
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Speaker 1: for me? Now let's let's uh, let's go our first
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Speaker 1: new listing. All right, so our first new listing of
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Speaker 1: the week is in Hueytown. One sixty three twenty first Street.
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Speaker 1: This is in the Vineland Park neighborhood. Built in nineteen
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Speaker 1: thirty eight. It's a super cute bungalow in Hueytown. Three bedrooms,
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Speaker 1: one bath, fourteen and forty square feet. And we're asking
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Speaker 1: one fifty four nine nine. This has a fully fenced backyard.
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Speaker 1: It's got new paint on the interior, it's got some
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Speaker 1: new appliances. It is clean as a whistle. We had
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Speaker 1: we had a nice pressure wash the outside. Get it
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Speaker 1: rocking and rolling. And then it's got a nice little
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Speaker 1: shd oh. So one fifty four nine, three bedrooms, one
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Speaker 1: bath in Hueytown. And and it's gonna be open this
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Speaker 1: afternoon from two to four. Go see Tony McDaniels. Uh
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Speaker 1: this afternoon.
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Speaker 2: Nice, that's great price, all right? One fifty four nine,
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Speaker 2: one fifty four to nine Yes, five percent down, Okay,
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Speaker 2: five percent down. Gusty gets to lead us off.
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Speaker 1: Okay, one fifty four nine five percent down. I'm gonna
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Speaker 1: go with let me go nine one hundred and eleven
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Speaker 1: dollars nine one one.
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Speaker 3: We're gonna go a little higher, okay, like uh ten
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Speaker 3: ten wins a great radio station in New York City.
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Speaker 1: I'm gonna say ten ten.
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Speaker 2: The actual payment was nine hundred and six dollars.
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Speaker 1: No gusty five dollars off. He let's go all right,
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Speaker 1: getting it going rock and roll. All right, Let's go
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Speaker 1: with our next new listing, which is also open this afternoon,
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Speaker 1: but this one is open from one to three. This
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Speaker 1: is in Moody and the Krills Crossing neighborhood, ten sixty
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Speaker 1: five Krill Drive. This one is four bedrooms, three baths,
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Speaker 1: seventeen hundred and eighty eight square feet on the main level,
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Speaker 1: eight hundred and sixteen square feet finished in the basement.
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Speaker 1: Built in twenty twenty one. We're asking four hundred and
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Speaker 1: fifty thousand for this home. Check this out. Three car garage,
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Speaker 1: how about that three cargo I'd like to have a
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Speaker 1: three car garage.
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Speaker 2: Always need more space.
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Speaker 1: Yeah, and tankless water heater. This one has been decked out.
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Speaker 1: Uh really, what else do you need? Built in twenty
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Speaker 1: twenty one, all the updates and uh this listening is
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Speaker 1: courtesy of Carlo Delberto. So Carla, congratulations on your new
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Speaker 1: listing and and Carla guse carl see car one to three,
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Speaker 1: one to three, four hundred and fifty thousand.
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Speaker 2: That Tangles water heater is about about worth it.
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Speaker 1: It's well, I've never seen a four hundred fifty thousand
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Speaker 1: dollars tankless water heare.
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Speaker 2: It's a good it's a good tipping point. I need
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Speaker 2: I need to go back to that. They'll spoil you,
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Speaker 2: but they're great, all right. Sorry, four fifty four fifty
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Speaker 2: ten percent down, ten percent down, John.
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Speaker 3: First, So financing like four hundred and five or so?
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Speaker 1: Uh, I don't know.
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Speaker 3: Yeah, it's Christmas spirit in the three thousand dollars. I
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Speaker 3: have no point of reference. Three thousand dollars.
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Speaker 1: I'm thinking that might be a hair high. So I'm
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Speaker 1: gonna go less than that, all right, I'm gonna go
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Speaker 1: with I'm gonna go with twenty five hundre.
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Speaker 2: The actual payment was two thousand, four hundred and ninety
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Speaker 2: four dollars. He's a bus six dollars.
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Speaker 3: Just to get to that one.
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Speaker 1: Let's go. I came to play today.
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Speaker 2: Evidently two properties, you're only eleven dollars off combined. All right,
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Speaker 2: you go in a good average right now, there you
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Speaker 2: go all.
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Speaker 1: Right, hey, this is we got one in Mulga twelve
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Speaker 1: forty one Frederick Road. We have a three bedroom, two
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Speaker 1: bath manufactured home on one point nine acres eighteen hundred
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Speaker 1: square feet. We are asking one hundred and thirty thousand
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Speaker 1: for this metal roof was replaced in twenty twenty two.
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Speaker 1: It's also got a wood burning fireplace. This listing is
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Speaker 1: courtesy of FRIEDA. Whitley, So Freida, congratulations on your new listing.
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Speaker 1: One hundred and thirty thousand dollars.
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Speaker 2: One hundred and thirty thousand. Gonna put ten percent down again,
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Speaker 2: gusty on you. You're up too, toh ten percent down
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Speaker 2: on one thirty.
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Speaker 4: Okay, let's go with seven hundreds and twenty five dollars.
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Speaker 3: I'm thinking, uh, great radio station in Atlanta seven fifty WSB,
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Speaker 3: seven hundred and fifty dollars.
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Speaker 1: I'm going with all radio station frequencies. That LAFE one
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Speaker 1: was tough because there wasn't no frequency in that runk.
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Speaker 1: I do I like it.
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Speaker 2: I like the actual payment seven hundred and twenty dollars.
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Speaker 2: Manusse gets it.
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Speaker 1: Then, baby, I am dollar in.
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Speaker 4: You know.
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Speaker 1: Let's go all right, Well, let's see what we got next.
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Speaker 1: All right, this one is in iron. I had to
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Speaker 1: pull it up, you know. All right, this one is
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Speaker 1: on Scenic fifty forty four Scenic View Drive, built in
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Speaker 1: nineteen fifty nine. It's on point seventy four of an acre.
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Speaker 1: You do get a little bit of a view on
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Speaker 1: this one. It's on Scenic View Drive. One and sixteen
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Speaker 1: square feet, three bedrooms, one bath. We are asking two
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Speaker 1: hundred and thirty thousand for this one. And this listing
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Speaker 1: is courtesy of Kyle bed Good. So, Kyle, congratulations on
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Speaker 1: your new listing. And uh, yeah, I've sold this house before.
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Speaker 1: It's a it's a pretty neat little house.
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Speaker 2: Yeah, all right, So two thirty two, thirty five percent down,
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Speaker 2: five percent down to John to try to keep this
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Speaker 2: from being a sweet.
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Speaker 3: Okay, I'm thinking, am so freaking thinking frequency, sir.
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Speaker 1: How about twelve sixty.
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Speaker 2: All right?
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Speaker 1: And you said three percent down, five percent now five
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Speaker 1: percent down? All right, let's go with with man, and
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Speaker 1: I'm gonna go with uh what did he say? Twelve
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Speaker 1: sixty he's pretty I think he's pretty close. Let's go
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Speaker 1: twelve forty one.
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Speaker 2: The actual payment thirteen forty five. John gets the fourth
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Speaker 2: one we were and got.
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Speaker 1: A little curve.
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Speaker 3: Look, yeah, all right, I wasn't that close as just
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Speaker 3: I was just higher than gusty. Yeah, close enough, you
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Speaker 3: were closer for shoes and hand grenades. Hey, we do
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Speaker 3: have some price changes I wanted to talk about. We've
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Speaker 3: got a new price on our house in River Chase.
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Speaker 3: We have nine to fifty two to Tulip Poplar Lane
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Speaker 3: is now four fifty nine nine.
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Speaker 1: We mentioned our new price of we dropped this let's
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Speaker 1: check this out from five sixty to five twenty five
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Speaker 1: on Chapel Road that we just talked about. We've got
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Speaker 1: a new price on thirteen oh eight Chester Street, down
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Speaker 1: from two eighty nine nine to two seventy nine nine.
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Speaker 1: That's a three bedroom, two bath with eighteen hundred twenty
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Speaker 1: square feet. The perfect house to put your own like
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Speaker 1: personal touches to it, paint florin all that. We've also
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Speaker 1: got let's see in a new price on one oh
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Speaker 1: nine ninth Court. This is in the Bessemer area three
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Speaker 1: two for one oh four uh and last but not
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Speaker 1: least uh second place Northwest twenty five to twenty second
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Speaker 1: place Northwest. Uh just dropped it to one hundred and
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Speaker 1: sixty five thousand, so had a few price changes always
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Speaker 1: like those. Hey, I've got I've got a couple of
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Speaker 1: buyer needs. I've got somebody looking up to four hundred
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Speaker 1: thousand in proximity pretty close to Rocky Ridge Road. I've
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Speaker 1: got somebody looking up to five hundred thousand in Homewood.
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Speaker 1: I've got multiple people that are looking between one and
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Speaker 1: two million in the Edgewood Elementary School district. I've also
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Speaker 1: got somebody looking up to three hundred and fifty thousand
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Speaker 1: near Graystone, YMCA. And then we've got somebody looking up
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Speaker 1: to six hundred thousand for a four to three with
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Speaker 1: at least an acre in North Shelby County with at
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Speaker 1: least a three thousand square feet. And they prefer the
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Speaker 1: less there's the better. So there we go. All right,
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Speaker 1: guess what time it is. That's right, it's testimonial time,
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Speaker 1: all right, This first one is Tony did an excellent job.
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Speaker 1: He showed exemplary knowledge of the Birmingham, Alabama market as
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Speaker 1: he provided multiple showings for multiple listings. Mister McDaniels was
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Speaker 1: very friendly and exemplified excellent customer service when writing up
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Speaker 1: the cells offer. Mister McDaniels was available for all questions
15:56
Speaker 1: related to the cell and of the property through to
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Speaker 1: closing and presentation of keys to the new home. I
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Speaker 1: definitely plan on working with Tony on any future real
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Speaker 1: estate transactions. Thank you well, congratulations on your new home,
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Speaker 1: and Tony, congratulations on another five star review. And last
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Speaker 1: but not least for today, this one goes out to Kyle.
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Speaker 1: Kyle was invaluable during our moving process. We bought a
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Speaker 1: home with him as our agent as well as selling
16:27
Speaker 1: our property. He made the process extremely simple. As well
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Speaker 1: as always being a text away, his response time was
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Speaker 1: very fast and always helpful. We got a great selling
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Speaker 1: price for our home and also got a great deal
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Speaker 1: negotiated for the home we purchased. We tell everyone we
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Speaker 1: know who is looking to move to give Kyle a call. Well,
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Speaker 1: thank you so much for the opportunity to help you
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Speaker 1: find your new home and sell your previous home. And
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Speaker 1: congratulations to Kyle on another five star review. All right,
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Speaker 1: like to be the next five star review? Go to
17:02
Speaker 1: Gustygoulisgroup dot com and uh, we would love the opportunity
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Speaker 1: to work with you. All right, We're gonna head for
17:09
Speaker 1: a quick break, y'all. Stay tuned. Ball Bart and soul
17:12
Speaker 1: to be right back. All right, welcome back to Bob
17:16
Speaker 1: Bart and Seul. Thanks so much again for joining us.
17:19
Speaker 4: And uh, you.
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Speaker 1: Know, we like to talk about what we're seeing in
17:22
Speaker 1: the real estate market, what we're seeing in the mortgage
17:25
Speaker 1: market and uh and then Brad Smith with Cross Country
17:29
Speaker 1: Mortgage loves to give us that info on the mortgage side. Brad,
17:32
Speaker 1: I'm gonna get to you in a minute, but I
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Speaker 1: want to talk about I'll tell you what open houses.
17:37
Speaker 1: I had some conversations with some of our agents on
17:40
Speaker 1: some of our open houses that we had last week.
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Speaker 1: And we had four open houses and it's it's so interesting,
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Speaker 1: like we had we had one that had zero people
17:49
Speaker 1: come through, but then we had another one that had
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Speaker 1: like twelve groups come through, and so it just you
17:56
Speaker 1: just never know. Yeah, and so we had one in
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Speaker 1: mount all of last week that I would that I
18:02
Speaker 1: held and so I got to meet five groups of
18:06
Speaker 1: folks at that house. So, you know, I just say like, hey,
18:09
Speaker 1: if you're if you're kind of you know, out there
18:12
Speaker 1: interested in the uh in the real estate market, go
18:15
Speaker 1: to some open houses and check out what's available in
18:17
Speaker 1: the market. And UH, it's always fun to get to
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Speaker 1: meet folks when they come up and have those conversations
18:24
Speaker 1: and you know, try to to me. You know, when
18:28
Speaker 1: when we have these conversations with somebody, you know, considering
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Speaker 1: buying a house or selling their house, it's it's it's
18:33
Speaker 1: like a puzzle for me. I'm trying to figure out,
18:36
Speaker 1: you know, what's really going to be in their best
18:38
Speaker 1: case and either trying to find them the right house
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Speaker 1: that fits whatever their you know, goals are of the
18:45
Speaker 1: next you know, five, ten, you know whatever years. And
18:48
Speaker 1: oftentimes people say I want my forever house and I'm like, well,
18:51
Speaker 1: based on averages, it's gonna be seven years. Your forever
18:55
Speaker 1: house is going to be seven years, right, That's that's
18:58
Speaker 1: usually when people are taking to move. But I feel
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Speaker 1: like the market has been busy. We have just not
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Speaker 1: seen as many people making offers like we have been
19:09
Speaker 1: like what we've seen, I'd say, you know, two months
19:12
Speaker 1: or more ago. I think people are just sitting on
19:15
Speaker 1: the sideline. They're waiting. And I'll tell you in a
19:19
Speaker 1: lot of places where I'm seeing is I'm seeing right
19:21
Speaker 1: now as a buyer's market and a majority of our market,
19:24
Speaker 1: not not in every location, but a buyer's market and
19:27
Speaker 1: the majority of our greater Birmingham, Alabama market. The next
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Speaker 1: piece of it is I'm seeing where sellers are participating
19:37
Speaker 1: in paying more closing cost, yes, and I'm also seeing
19:41
Speaker 1: where they're they're trying to work on helping out on
19:45
Speaker 1: inspections more. So that's, you know, again bringing back to
19:49
Speaker 1: that buyer's market. But hey, buyers, if you're listening to this, like,
19:53
Speaker 1: I think you got like four more months of this,
19:55
Speaker 1: maybe three more months of this, because I think, you know,
19:58
Speaker 1: after the new year, people are going to get back
20:00
Speaker 1: in the mix. And I think when March hits, I
20:02
Speaker 1: think our rates are going to be a little lower.
20:04
Speaker 1: I know, Brad, you can probably speak a little bit
20:06
Speaker 1: more to this, but I think March we are going
20:10
Speaker 1: to start seeing multiple offers again. I think it's gonna
20:12
Speaker 1: get busy, and buyers, I think you need it. You
20:14
Speaker 1: need to strike while the iron might not be hot.
20:18
Speaker 2: Right so before the real estate's hot.
20:20
Speaker 1: So what are you seeing in the mortgage world, my man?
20:21
Speaker 2: Yeah, So we're we're kind of trending rate wise in
20:25
Speaker 2: the same same where we have been. We're still in
20:27
Speaker 2: those like kind of you know, lower sixes on the
20:29
Speaker 2: conventional mid upper fives on the on the government faha
20:33
Speaker 2: via a U, s d A, all that good stuff.
20:36
Speaker 2: You know. One of the things we're seeing is we're
20:38
Speaker 2: still getting some pushback from the Fed on kind of
20:41
Speaker 2: what they're saying or seeing from the Federal Reserve. They
20:45
Speaker 2: just seem to be missing some of them seem to
20:47
Speaker 2: be missing the goat the boat on the unemployment numbers
20:50
Speaker 2: in job market, which it is is glaringly weaker. And
20:54
Speaker 2: we've still got a couple that are just kind of
20:56
Speaker 2: burying their head in the sand and act like inflation
20:57
Speaker 2: is still a problem, and inflations has decreased, it's its
21:01
Speaker 2: speed and all those things be working out. So but
21:05
Speaker 2: the biggest issue that's holding us up right now is
21:07
Speaker 2: this government shutdown. I mean, we're at a record now,
21:10
Speaker 2: longest the government's ever had a shut.
21:11
Speaker 1: Down saw.
21:13
Speaker 2: And and it impacts a lot of things that maybe
21:16
Speaker 2: sometimes you don't think that it would impact or don't
21:18
Speaker 2: think about. But one of the biggest things that's impacting
21:20
Speaker 2: right now and going to continue to impact is UH
21:23
Speaker 2: air traffic controllers. They're not getting paid, so they're gonna
21:27
Speaker 2: get a paycheck this Friday for zero dollars or let's
21:29
Speaker 2: pass Friday for zero dollars and still having to work.
21:33
Speaker 2: So we're seeing as more of them start saying, hey,
21:37
Speaker 2: are they gonna catch that up. Yeah, they'll get they'll
21:39
Speaker 2: they'll get back paid on it. But right now they're
21:41
Speaker 2: not getting paid, and so you're gonna have other people
21:43
Speaker 2: start doing other things. I have for I gotta drive Uber,
21:46
Speaker 2: drive Uber or delivered door Dash or go do something
21:49
Speaker 2: else to make money and get a paycheck for right now,
21:51
Speaker 2: that's what I'm doing. So some of them aren't working,
21:53
Speaker 2: and so that's leading to flights being canceled, flights being delayed.
21:59
Speaker 2: If you go look for a flight right now, they're
22:01
Speaker 2: gonna be higher than you've probably ever looked at them,
22:03
Speaker 2: no matter where you're going. It's pretty crazy. So some
22:07
Speaker 2: of those things are still impacting us. It's where it's
22:10
Speaker 2: really where it could end up hurting us is if
22:12
Speaker 2: they don't get it back opened up in this next week,
22:15
Speaker 2: probably not gonna have a have an opportunity to drop
22:18
Speaker 2: rates again this year when they meet again in December,
22:22
Speaker 2: because there has been no collection of the data that's
22:24
Speaker 2: trailing right now. So when they've been shut down, nobody
22:26
Speaker 2: there's nobody collecting the data. There's nobody kind of deep
22:30
Speaker 2: diving the numbers to present to know what you're even
22:33
Speaker 2: looking at to make a decision on lower and rates.
22:36
Speaker 2: So the one thing that could give us hiccup is
22:38
Speaker 2: if they don't get it back open, it could impact
22:40
Speaker 2: the next FED meeting, impact the way if rates are
22:43
Speaker 2: going to drop again this year, not on the FED
22:45
Speaker 2: funds rate.
22:46
Speaker 1: And so they're not gonna have some of that data.
22:48
Speaker 2: They're not gonna have some of the data, so they're
22:49
Speaker 2: gonna be trying to piece it back together and do
22:51
Speaker 2: it fairly quickly. But with all that being said, I mean,
22:55
Speaker 2: the numbers are still the numbers. Unemployment is increasing, hiring
22:59
Speaker 2: is slowing, inflation is slowing down to the pace where
23:03
Speaker 2: they want to get it to. So all those things
23:06
Speaker 2: are very good for mortgage rates. Another thing is that
23:10
Speaker 2: the Fed we talked about before, the Feds are gonna
23:12
Speaker 2: start running off some of the stuff off their balance sheet,
23:14
Speaker 2: which means they're gonna put more money back into the market,
23:16
Speaker 2: which means hopefully, you know, that'll go towards the bonds
23:19
Speaker 2: and hopefully some mortgage backed security at some point, which
23:21
Speaker 2: will also help decrease the rate. So we're still seeing
23:24
Speaker 2: all the signs of mortgage rates are going to start
23:26
Speaker 2: keep coming down, but some of the key indicators we
23:29
Speaker 2: need from Federal Reserve and some of the government reaction
23:32
Speaker 2: to it has been halted during this uh record breaking
23:37
Speaker 2: government shutdown. Yeah, so I mean it's I mean, it's
23:39
Speaker 2: you know, it's a lot of people trying to figure
23:41
Speaker 2: out and work through. But so that's where that's where
23:45
Speaker 2: we're at. Brakes are still good, get on it. I
23:48
Speaker 2: mean it's time.
23:50
Speaker 1: Well, hey, how can people reach out to you?
23:52
Speaker 2: Just go to Bradsmith Loans dot com or you can
23:54
Speaker 2: always hit me up myself one three three four three.
23:58
Speaker 1: And you know, let's make that plan of action, whether
24:00
Speaker 1: bonders selling, gustygooglessgroup dot com, gustygooglessgroup dot com. So when
24:06
Speaker 1: you think real estate, think Gusty. All right, thanks so
24:09
Speaker 1: much for joining us. We hope you have an amazing
24:12
Speaker 1: week and uh see you next time.
24:14
Speaker 2: See you next time.