In this episode of the Raw Real Estate podcast, Dave Hill and Wade Hanson discuss the frustration with lenders who don’t thoroughly explain programs, particularly to young buyers. They mention the “two-one buydown” gimmick that many lenders are promoting without much thought. Then Dave Hill discusses adjustable-rate mortgages (ARMs) and explains how he would advise his clients to choose between an ARM and a fixed-rate mortgage. Then Dave dives into the Federal Reserve Bank’s dual mandate to create price stability and full employment. He explains the bank’s role in monitoring monetary policy to ensure stability in the banking system and markets. As inflation remains high and unemployment rates fluctuate, they delve into the Fed’s only tool to bring about price stability – the interest rate.
Get ready to learn more about lending and interest rate policy than you ever knew before listening to this episode of the Raw Real Estate Podcast.
Reach out to Dave Hill: https://hillnelsonteam.bellbankmortgage.com/
Find the luxury home you’ve been dreaming about here: www.WadeHanson.com
