KHTS Radio Santa Clarita Radio – Santa Clarita News
Topic: Mike Fawler And Mortgage Broker
Guests: Mike Fawler
Ask Brien – Mike Fawler And Mortgage Markets – October 6, 2022
Welcome to Ask Brien, the show with the answers to all your business questions! On today’s episode, Brien and Traci welcome in Mike Fawler who has been in the mortgage business for over 30 years. Mike works with Preferred Rate which is a division of American Pacific Mortgage and is the Director of Production for his group and a senior loan officer, helping people acquire their dreams.
With the state of the current mortgage market, Peter and Traci ask Mike what investors and home buyers can expect in the upcoming months and years as it relates to inflation as well as the upcoming elections.
“They’ve been trying to slow down the economy,” Mike said, “What a lot of people don’t understand is that what the FED is doing is not a direct correlation to forward mortgages. It affects second mortgages and credit card interest rates, but what affects our mortgage rates are the mortgage backed security markets.”
The conversation continues as Mike provides an idea on how the markets will fluctuate over the next few months given the political climate and health of the economy.
“The general consensus is that the rates are probably going to rise a little between now and the end of the year, but we think that they are probably going to level out and start going down in the first or second quarter of 2023.”
Listen in to the entire episode of Ask Brien as Peter and Traci speak with Mike more about the mortgage market and how to navigate it during these times!
About AskBrien.com
We are a business community where business owners can ask other business owners questions and receive responses. We are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking that question.
AskBrien.com is business community where business owners can ask other business owners questions and receive responses. We are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking that question.
We are a resource for you to obtain information to common questions such as:
Should I incorporate? What is a registered trademark? Do I need a domain? What’s hosting? Why do I need a website? How can I create an iPhone and Android app? Am I paying too much in merchant fees? How do I get traffic? Ask Brien is here to help you. We look forward to your interaction.
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