Hey there, folks! It's Mike Mills, your friendly neighborhood mortgage banker, and I've got a treat for you today. Joining me on the podcast is the one and only Donnie Eden, a branch manager at Verity Mortgage from White House, Tennessee. And let me tell you, folks, this episode is a wild ride from start to finish!
First things first, we've got some lighthearted banter going on. Donnie's rocking an 80s hairband rock style, and I jokingly mention my lack of a Motley Crue shirt, but hey, I do mention Gene Simmons, so that's something, right? We dive into a conversation about college basketball, with Donnie sharing his lack of interest in it due to being busy with family and other sports. But hey, he's a big fan of the University of Texas with coach Rick Barnes.
Now, let's get into the meat and potatoes of this episode. We discuss the recent rate hike by the Fed and its impact on the mortgage industry. Donnie and I weigh in on the potential for a recession if the monetary system is wrecked. But hey, we've got Uncle Sam on our side, folks! Your country is here for you, and we'll bring those rates down to get you covered.
We dive deep into the world of finance, discussing inflation, risk management, and the state of the housing market. Donnie drops some knowledge bombs about inflation in the services sector, while I share some cautionary tales from the past housing market meltdown. We analyze the current trends, debunk some myths, and share our thoughts on buying and selling homes in today's market.
But wait, there's more! We touch on topics like the airlines' impact on travel costs, the issues with certain banks, and even delve into personal investment experiences. It's an episode packed with valuable information and insights that you won't want to miss.
So, what are you waiting for? Grab your favorite beverage, sit back, and tune in to this episode. Donnie and I guarantee you'll come out of it feeling more informed and ready to make those smart financial decisions. Don't let this opportunity slip by, folks. Hit that play button now and let's make it a great day together!
Topics discussed in this episode include:
- College basketball and sports gambling
- The recent rate hike by the Fed and its impact on the mortgage industry
- Issues faced by certain banks
- The housing market and predictions of a housing crash
- Risk tolerance and investing
- Refinancing and mortgage options
Entities mentioned in this episode include:
- Verity Mortgage
- Tennessee Volunteers
- University of Texas
- Florida Atlantic
- Purdue
- Motley Crue
- Gene Simmons
- Silicon Valley Bank
- Signature Bank
- Silvergate
- Credit Suisse
- FDIC
- Dave Ramsey
- FHA
