Come To Find Out

Fed Cuts and Market Myths

• Sarah Thress • Season 3 • Episode 10

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The headlines might declare "Fed Cuts Rates!" but what does that actually mean for your mortgage? If you've been confused by seemingly contradictory financial news or wondering why mortgage rates sometimes move in the opposite direction from Federal Reserve announcements, this episode delivers the clarity you need.

Mortgage expert Brendon Bland returns to break down one of the most misunderstood aspects of home financing: the relationship between Fed funds rates and mortgage interest rates. With his signature straightforward approach, Brendan explains why mortgage rates actually dropped before the Fed's recent cut and then slightly increased afterward – a phenomenon that leaves many potential homebuyers scratching their heads.

We explore what truly drives mortgage rates (hint: it's not just Fed decisions) and why economic indicators like job reports and inflation data matter more to your home loan than headlines might suggest. For anyone considering buying or refinancing, Brendan offers practical advice about timing and explains why short-term rate predictions are nearly impossible even for experts.

The conversation shifts to the current real estate landscape in Central Ohio, where we're experiencing a fascinating transitional market. While inventory has increased, we're still firmly in seller's territory with continued price appreciation. We discuss how seller expectations need adjustment from the frenzied pandemic years and why today's buyers actually have more opportunities than they've had in five years.

Whether you're actively house-hunting, preparing to sell, or simply want to understand the financial forces shaping the housing market, this episode cuts through the noise to deliver actionable insights. Don't forget to check out our free First-Time Homebuyer Masterclass through the link in the episode description if you're ready to take your next steps with confidence.

To connect with Brendon:
Brendon Bland
614-747-3530
bbland@neighborhoodloans.com
https://www.instagram.com/mortgagemademodern/
https://www.facebook.com/brendon.bland


Sarah Thress
614-893-5885

First Time Home Buyer course: https://sarahthress.graphy.com/
Instagram https://www.instagram.com/sarah_thress_realtor/
Facebook https://www.facebook.com/SarahThressRealtor/
https://www.youtube.com/@LIFEINCOLUMBUS

SPEAKER_01:

Hi, and welcome to this week's episode of Come to Find Out. This week we have the amazing Brendan Bland from Neighborhood Loans. Uh, anybody, anyone that's been listening for a while knows that uh I have him on uh quite a bit, and that's because he does such a great job at taking information that we all see in the headlines and you know, read on social media and you know, all the skies falling stuff that we read. Uh, he takes that and he puts it. I know, hopefully it's not, but uh he always takes that and puts it in a way that um everyone can kind of understand it. So uh wanted to bring him on here to kind of give a market update and explain, you know, some of the headlines we've been seeing. So, Brendan, thank you so much for taking time out of your day. I know you're super busy, uh, but I appreciate you always making time to be on here.

SPEAKER_00:

Absolutely. I'll always make time to be on here. Um, always enjoy it. And uh yeah, thanks for having me.

SPEAKER_01:

Yeah, of course. Of course. So I know, you know, just recently we saw, you know, headlines about the Fed and cutting rates and oh my gosh, mortgages, you know, mortgages are gonna drop and all of these things. Um, so I'd love for you to kind of walk us through because I know again, if you're not following his social media, you should um, because he puts out such great content and he kind of you know broke this down in such an amazing way. So I'd love for you to go ahead and just kind of walk us through like, you know, the headlines. What does that actually mean? And you know, what are we kind of seeing?

SPEAKER_00:

Yeah. First of all, I appreciate the plug. So yeah, um, feel free to follow me, follow Sarah online. Um, I think we both do a decent job of uh putting out some some timely information. But but yeah, um obviously as a mortgage lender, one of the main questions I get all the time is hey, what's what's going on with mortgage rates? And uh when we look at things like at a just like a headline level, meaning like just literally with the top of the new, well, not the newspaper. Does anyone read the newspaper anymore? But you know what I'm saying. The headlines um can give you a portion of the story, but certainly not the full story. And um really to kind of get context for what's going on, it just we need to dig a little bit deeper. So um, you know, recently, uh what a lot of people have been talking about is the Fed, the Fed cutting rates, the Fed cutting rates. And, you know, I I don't think anyone would really care about the Fed, or most people wouldn't care about the Fed if it if they didn't have this perception that it was gonna impact uh the interest rate on the mortgage of the house they are wanting to buy or wanting to refinance or something like that. Um so you know, you have a lot of you know, Fed watchers who uh otherwise would not give a crap about what they're doing. So, you know, for a lot of people, they just don't really know, you know, how the Fed functions, kind of what their function is um in our country and ultimately how it plays into what we care about which every day, which is you know, borrowing money to buy a house. So um at a high level, what the Fed does when they're when they're when you hear talk about the Fed adjusting adjusting rates, what they're functionally doing is adjusting, adjusting what's called the fed the Fed funds rate. The Fed funds rate, this is where it gets really, really exciting, uh, the Fed funds rate is is actually more connected to short-term debt. And it's really the rate at which banks, big banks, lend each other money overnight. So uh people, you know, so a lot of people are like, well, that doesn't sound like mortgage rates because it's not. That is not what's happening. So when you hear the Fed is either raising raising rates or is lowering rates, that does not inherently mean that mortgage rates for us as consumers are going up or down. So why do we even care about it? Like, why, you know, what would because there is a correlation to what their activity, what they do, and what ultimately happens with mortgage rates eventually. Um, and so as the Fed goes over time, we we do see mortgage rates move, but but they don't always go in lockstep. So um that's a lot of background to kind of get to where where we are today. So um over the last, I'd say, month, month and a half, right now we're at the end of September. Uh, we saw mortgage rates come down almost a half a percent. Um so they were hovering, you know, in the mid-sixes, you know, let's say like 6625. And then at one point they came all the way down to like a six and an eighth. All of that happened before the Fed cut their rate. There are two reasons why that happened. One, um, anticipation of the Fed cutting the rate. So um in the background with mortgage rates, um the there's something called the mortgage-backed security market where people invest money into that. And those investors, they do like to see the Fed cutting rates, and there was an expectation the Fed was going to cut rates. And so, in the lead up to that actually happening, um, mortgage rates came down with the anticipation of a rate cut from the Fed. Additionally, some of the things that um investors in mortgage-backed securities care about um are things like uh jobs reports and inflation. And uh right now uh we're seeing a little bit of a less steady job market. Um and there's been a reporting that's come out about that. And so, therefore, um people who invest in mortgage-backed securities um put more money into that market, and therefore, mortgage rates came down. So I, you know, just trying to keep it as simple as simply as possible. Um a lot of times when we hear things that are not going great in the economy, we'll see mortgage rates come down because those mortgage-backed securities uh are safe investments. Um they're all they're they're effectively guaranteed returns for these investors. And so anytime where there's uncertainty in the economy, um, there's always a kind of a flight to safe, safer things, safer investments. So all that has kind of happened over the last, like I said, four to six weeks leading up to the Fed cutting their rate. So that's the good news is that mortgage rates have come down quite a bit here in the last month or two. Um, but when the Fed actually did cut their rate, um, we we saw mortgage rates go up a little bit. Um, and so I think that's where some people are getting a little puzzled or confused. You know, well, why would if if the Fed cuts their rate, why would mortgage rates go up? Um there's a couple reasons for that. Um I think that the the biggest reason is once again, a lot of this is perception of what's going on in the economy. Um and so um when the Fed cut the rate, they said, hey, yeah, we're cutting our rate. Um and a bunch of the people who sit on the Fed, there's multiple people who sit on that, on that committee, said, Hey, we do think that we're gonna continue to cut rates, which once again, over time would be great for mortgage rates. Um But the head of the Fed, Jerome Powell, when he gave his comments the day that they cut their rate, he was a little less optimistic or a little about how many cuts the Fed's gonna do and how frequently they're gonna do it. And so going back to those bond investors, those mortgage-backed security investors, that was not welcome news to them, right? So that so that that gives them a little less confidence in mortgage-backed securities. Uh, and therefore, um mortgage rates actually went up a little bit after the Fed cut their rate. So, since then, you know, I would say, you know, once again, over the last, you know, four to six weeks, we're in a much better place than than what than where we were previously. Um, right now, the biggest thing that we're looking forward to is more economic data. Um, that's really what's gonna drive mortgage rates here through the end of the year um and into next year. So the two, the two biggies that we're looking at are gonna be inflation. So, do we see inflation staying about the same, or do we see it getting better, or do we see it getting worse? If inflation gets worse, that's bad for mortgage rates. If it stays the same, that's okay. If it uh ultimately uh is getting better, that's good for mortgage rates. So that's one thing that we're taking a look at. Right now, the Fed has placed uh, excuse me, uh, mortgage bonds uh and and mortgage rates have placed a bigger emphasis on the job market. So that's the other thing that we're really looking forward to is what's going on in the job market. Once again, uh, you know, we don't want to root for, you know, uh a not strong job market, um, but that would allow mortgage rates to continue to come down if um we're seeing a little bit more unsteadiness in the job market. So, you know, uh coming up here in October, there's going to be a report that gets released, it's a jobs report, um, and there are predictions for what that jobs report is gonna say in terms of new jobs that are being created. So if the actual result is that that report or those predictions being correct, that could be good for mortgage rates. If we created less jobs in the economy than that than was predicted based on that report, that's good for mortgage rates. We would expect mortgage rates to go down. And if we created more jobs than expected, good for the economy, not good for mortgage rates. So there's multiple things that kind of at play that are gonna continue to impact mortgage rates over, you know, certainly through the rest of this year, going into next year. Um, and so we kind of have to kind of keep, we gotta keep our eye on the ball on all those things. And uh, you know, once again, um this can get, you know, in this in this format we're talking, you know, right now, we can kind of get a little bit more long-winded on it because um because we have the time. But I think, you know, ultimately it's it can get really confusing for a lot of people because there's just these little small things that are, you know, kind of across the board that can have an impact. And we would we would just love to say, hey, what's the one thing we need to look at, right? Is it the Fed? Um, that's a port that's a portion of it. So um, you know, my prediction is that over the next year or two, um, which once again it's a little easier to say over a course of a longer time frame, I expect that mortgage rates will continue to come down. Over the short term, it's a little harder to predict. Volatility uh exists. So um, you know, I've I I've been sitting down with some, you know, some folks this week who are looking to buy. Um I actually had a um, I have a family who's moving to um Columbus from Maryland. And they asked me, they said, hey, Brendan, should, you know, should should we wait to to lock our rate? Like, do you think rates are gonna come down a little bit more here in the next few weeks? Um and as much as I want to say yes, I I think that's gonna happen. Um, in the short term, really hard to predict. We've talked about timing a lot in the real estate industry and how that can be difficult. So, you know, my general advice is if you're in the middle of a home search right now, um, and you're sitting down with your loan advisor and the numbers make sense where they are, um, I tend to be a lot more conservative and I'm very big on, hey, let's let's let's take the scenarios that work, that we know work right now, um, instead of hoping for something to happen that may or may not happen in the short term. So that's kind of my general thought and advice for anyone who's looking for a house right now or who is potentially thinking about refinancing right now. You know, once again, if you're in the money for a refi and you're wanting to, you know, maybe you want to see what's gonna happen here over the next two or three weeks, you could luck out, things could get better, or you might see rates go up a little bit, and then all of a sudden, maybe the scenario that you're looking at today, you know, you wish you would have pulled the trigger. It's hard, it's hard to say exactly. Um, I just tend to be more conservative on those things. So um, you asked me one question, and then I think I spoke for for 15 minutes. So sorry about that, but but hopefully that's that kind of gives people an idea of what you know, you know, what's going on, kind of where we've been. And overall, I think the good news is rates are are have come down quite a bit. Um, and I think, you know, over the next year or two, they will continue to come down. Um just it's the short term that's hard to predict.

SPEAKER_01:

Yeah. No, I love that. And I love that you break that down because I do think that it is kind of um a misconception that when uh, you know, uh the Fed is lowering rates, then that means mortgage rates are coming down, you know, and it's actually kind of um opposite uh of that because it's based on other things. So, you know, it's interesting to me that, you know, it's the job market, uh, you know, that kind of um kind of helps predict that whether it's gonna go up and down in like inflation and things like that. So um I I think it's very fascinating and I love how you you break it down. So thank you for that.

SPEAKER_00:

Yeah, for sure, for sure. I know it's it's like one of those things, like it is fascinating, but it also like I I sometimes when I'm talking to people, I can see their eyes start to to glaze over. They're like, dude, just tell me what the hell the raid is. Let's go, you know? So um so so I yeah, I I I I certainly I I I try to stay on top of it and and and help educate people as much as we can. But at you know, once again, at the end of the day, um, even people who have many, many more letters next to their name than I do, um, they're they're they're really just they're making educated guesses about what's gonna happen next. Um so it's uh but I think understanding the why um can can help, uh especially if you're in the middle of a home search or thinking about entering one.

SPEAKER_01:

Yeah, I agree. Well, and I think um, you know, it's interesting too. I think you and I both get that, you know, that timing question. Like I'm trying to time the market. And it's like you're never gonna be able to time the market. Like there's always, you know, gonna be something and you're gonna wish that you had pulled it sooner, you know, or you wish that you waited or whatever. Like, so, you know, uh, I love that your advice is very similar to mine. It's like if you can afford the house that you want now, then get it now. And then wait. And if the rates come down, refinance. And if they don't, if they go higher, you're locked in. It doesn't matter, it's not gonna affect you. So, you know, it's just like, let's just focus on now. Does it work for you now? No, okay, well, then let's wait. Like, and you know, but don't wait because you're waiting for the interest rates to come down because, you know, like you said, like we don't know when or if that's gonna happen. Uh, you know, we'd we'd love to say, you know, I I know you and I would both love to be like, yeah, absolutely, rates are coming down. We're going back into the fours and it's gonna be so great. But like we would just be lying to people.

SPEAKER_00:

Yeah, or or you're or like you said, just taking a tremendous wild swing guess, right? Yeah, for sure. For sure.

SPEAKER_01:

Exactly.

SPEAKER_00:

Um, but yeah, yeah. What what are some things that I I guess you're seeing? I I you know, I saw the other day Columbus Realtors, you know, they put out um, you know, some data. It looks like, you know, uh a couple things that I thought were interesting. Um, you know, uh inventory is up um year over year. Um home prices, of course, are up year over year. Uh number of transa transactions are up year over year. Um, and then uh days on market are are are up year over year. At least that's why I think I saw that correctly. And it's interesting because I think some of those things you might not think would go together, right? You you would you wouldn't necessarily think, okay, home prices are up and days on market are up, right? Like it's so it's an interesting time. What what what do you see on on on your side of the fence um right now?

SPEAKER_01:

Yeah, it's interesting. Um, I mean, I've had a few, I've had a few listings over the past few months that like literally, you know, we like listed it and immediately it went into contract. But for the most part, I have, you know, I have three listings that are just sitting. Um, you know, it is like they're priced appropriately, like they're they're great homes. It's just, you know, it just hasn't fit what someone's looking for. Um, you know, and so we're also seeing though, a lot of people are trying to time that market. So they're like, well, I like this and I I want to get into a house, but you know, let's just wait and see if the interest rates go down. And so, you know, like I think collectively as a whole, you know, like anyone looking to buy has been thinking that way. Like, well, let's just wait, let's, you know, wait for the interest rates to come down and and whatever. Um, but also what we're seeing is with more inventory, you know, back in 2020 through like 2022, um, when it was like a house came on the market and 17 people, you know, minimum wanted to put a, you know, an offer on that house because there was no houses. Now we're seeing kind of, you know, a little bit different. We still have a lot of people uh, you know, looking for homes, but we have a lot more people that are putting their homes on the market. Uh, what's interesting though, even though you see that statistic that we've gone up and that we have more inventory, it's still very much a seller's market because we still don't have enough inventory to actually fulfill, you know, like to get to a balanced market, we would have to have millions more houses on the market.

SPEAKER_00:

So yeah, more doesn't mean enough, right? Yeah, it just means it was more.

SPEAKER_01:

So um but you know, that's where with my sellers I tell them, like, hey, if you're wanting to make sure that you sell this, we need to, you know, get it uh your house needs to look great. So um, you know, and do all the, you know, the finishing touches, you know, any of the upgrades, things like that if you're wanting to get top dollar. Um, you know, but the biggest thing is just pricing appropriately. So if you're wanting to sell as is and your house needs a lot of work, then we are gonna list it lower than, you know, what you could potentially get. Um, but I think the biggest thing that people need to remember though is there's no exact science to, you know, to it. And a house is only worth what someone's willing to pay. So, you know, a lot of times sellers will be like, well, my neighbor, you know, like their house wasn't as updated as ours, but they were able to get, you know, like$20,000 more uh than we are. Like, why is that? Well, at the time there was somebody that was willing to pay that, and now there's not someone that's willing to pay that. So it just, you know, there is unfortunately you and I don't have crystal balls. So we can't, you know, tell them like list it at this, and and you're gonna have, you know, all these offers and it's gonna be in contract in like, you know, a day. Um, you know, instead it's just really like, hey, let's put our best foot forward, let's market it, let's do what we can and um, you know, let's let's adjust accordingly. So I think as long as people go into it with an open mind of knowing, like, hey, we're gonna start here. This is, you know, this is what I feel is is the best, putting my best foot forward and then being willing to adjust, you know, I think is gonna, it's really gonna bode well for people that are trying to sell in this market.

SPEAKER_00:

Do do you with your other uh realtor colleagues, are you seeing like how are the conversations going with sellers? Because I feel like on the buyer side, we're finally into a place where people are like, okay, we understand it's no longer 2021, 2022. Like, we understand that rates are not 3%. We don't like it, but we understand it. You know what I mean? I I feel like on the seller side, you know, it it I I've still, you know, heard, you know, at least, you know, there's been a good chunk of folks who are still having a hard time accepting, like, hey, I can't, I I can't just list my house for whatever price that, you know, shoot, you know, basically pick your number and you know, I I how are those conversations going? Do you think?

SPEAKER_01:

Yeah. Yeah, no, that's such a good point because yeah, buyers, I feel like for the most part, buyers are like, okay, it's not, you know, 2020. Um, you know, and they which is good because they actually have time to like think about, you know, the house, think about the offer, maybe even see it a couple of times before, you know, like writing an offer. Whereas back then, like you literally walked through and if you weren't writing an offer as you were getting in the car, yeah, you weren't getting in the house. So it didn't even matter. And you were probably already gonna be outbid, you know, by 10 other people. So um, you know, sellers, sellers are a little bit different though, because they look back at, you know, sales from, you know, six months ago, a year ago, two years ago, and they're like, Well, these people got this much. Why can't I, you know, why are you telling me I can't list it that? And it's like, well, because, you know, even six months ago, it was a different market than what we have now. And so, you know, anytime I'm pulling up comps, I'm only looking at a few months back, uh, you know, to really just kind of show them like realistically, this is where I think we should be. And, you know, like don't look back two years ago because that was a total different market. And, you know, like that's just that's just how it is. So um I feel like for the most part, people are starting to understand. Most of them are like, yeah, okay. Yeah, you know, that stinks, but I get it, you know. And then others are like, well, but that's what I want. And I'm like, I mean, if if you want to, because again, it's up to the person selling it or buying it, whatever they want to pay for it or whatever they want to sell it for, you know. So sometimes no matter how many conversations I've had with the seller, they're like, Well, I want to just try. And I'm like, okay, just know that, you know, in in seven to ten days, if we haven't had any showings or we, you know, we're like the feedback is saying that we're priced too high. I'm gonna come back to you and we're gonna do a, you know, a price improvement. So um, you know, I think it's just all in how you set your people up, have those conversations, let them know, you know, kind of what to expect and um, you know, educating them on the the market and how it's just different.

SPEAKER_00:

Yeah, it's interesting. I mean, what kind of once again, I think I said it earlier, like perception matters so much. Um, because like I was even I was talking to another set of buyers the other day, and you know, and they were like, well, hey, you know, um it looks like you know how you know home prices are going down, like like we're going backwards. Um, you know, I and I asked them, you know, kind of what you know, where where they got that from or kind of what they were thinking. They're like, well, I'm looking on Zillow or whatever, and I see, you know, these homes where you know the there's a price improvement, and you know, the sellers, you know, reduced it. And so that means that you know, housing prices must be going down. And that is that a bad thing or what's going on there? And once again, I think it's a big perception thing, but you know, because what I explained to them is like, no, housing prices are not going down. What what's what's happening is there are you know a handful of situations where people, you know, people having to adjust what they're what they listed their home for. But if we look back at the value of that home, excuse me, that home over the last 12 to 24 months, 36 months, 48 months, however long it is, what most of these homes are selling for ultimately when they close, that home's still appreciated in value. It still went up. It's just that, you know, where they started, you know, maybe they thought they were going to be able to get a 15% bump, you know, because that's what we had during COVID, right? And in reality, they're getting that three to four percent bump, you know, year over year. Um that's that's you know, typically, you know, what you'd see in a more healthy and balanced market. And so um, yeah, I just I just think, yeah, there's a lot of, you know, any during any transition period, which I think we are experiencing right now in the real estate market, um, you know, there's a lot of perception management that has to has to happen, um, both by us as real estate professionals and then also internally, you know, if you're someone who wants to buy a house or sell a house, like as well, like, you know, kind of uh doing some education yourself, you know, and understand, you know, understanding, okay, hey, here's the reality of of where things are. And I understand what I kind of how what I think, what I feel, but what's real, you know, what's what's the market actually dictating right now? Um, and so um, yeah, just an interesting time, I think, from that perspective. It's always interesting in real estate, of course, but I I think that's kind of the that's really the for me, what I what I'm thinking a lot about right now is the the kind of the transitionary period from where we were in COVID to to to today um and kind of where we're heading. So um yeah, appreciate, appreciate you sharing kind of what you're hearing on the seller side.

SPEAKER_01:

Yeah, absolutely. No, I appreciate that. And uh yeah, I think that, you know, I I still think that right now is still a good time to buy. It's still a good time to sell. Uh, you know, here in central Ohio, like the, you know, the data that you were talking about, um, you know, we still are, you know, increasing every year with uh, you know, with the prices, you know, with average home prices, uh, with days on market, you know, yes, that did increase a little bit, but uh, you're seeing that all over. But our days on market here in central Ohio are nothing compared to, you know, other markets uh around the country. Yeah. And, you know, and are we do have that built-in like three to four percent appreciation year over year, you know, because we do have such a a strong uh market here. So you know it's not just a tagline, it really is, you know, like if it fits for you financially, now is the best time to buy yourself.

SPEAKER_00:

Yeah, you know, I I the other day I was talking to someone about this too. And, you know, because like they're like, hey, is now a good time to buy? Um and here's what I would here's what I've been telling my buyers is like, listen, I uh you know, I'm a mortgage lender, I get paid when people buy houses. So I'm gonna say it's a good time to buy, of course, right? But but here, but here's what I here's the truth is um my buyers today um have more choices than they've had in the last five years. Um so if you think having more choices is a good thing, then that's the market right now. Um is it the right time for you? I don't know. You know, I don't know what's going on in your specific situation. Um, and you know, so it may not be the best time to buy for you, but I I think right now buyers in this market today have more choices than they've had in years. And so that's that's my that's kind of what I'm talking to people about is you know, let's look at the let's look at all the opportunities that you have. Um and once again, from a seller's perspective, you know, homes are still selling and they're still selling really with really good values. So um I just think it's it's it there's opportunities on both sides of the fence. Um you just gotta have, you know, a good team and a good strategy. Um and you know, position yourself well. But but yeah, that that's that's my two cents on them. It's a good time to buy. I think there's just more choices now than there's been in a long time.

SPEAKER_01:

Yeah, I love that. I totally agree. Uh and you know, I know that you and I both are always, you know, working with each person individually. And uh, you know, it's not it's not a numbers game to us, you know, like our people are not numbers, they are people. And, you know, I know that you and I both have had conversations with buyers or sellers and just, you know, uh, especially buyers though, you know, just saying, like, hey, let's look at your at your story, like what's going on right now in your life. And, you know, and I know you and I both have had conversations with people where we're like, yeah, okay, like I love that you have this goal of like purchasing, but it doesn't seem like it's the right time for you right now. So like let's, you know, let's circle back uh, you know, in six months or whatever, and you know, like let's work on XYZ and make sure that it makes sense for you because, you know, like I said, people are not numbers to us, they are actual people living, you know, lives. And we want to make sure that they're setting themselves up for success. So 100%.

SPEAKER_00:

Yeah. I I once once again, that's I think one of the reasons we work so well together. And um yeah, I you know, uh, once again, I think we both we've said this multiple times in this podcast. We want to be able to sleep at night, right? So we want to make sure, yeah, when we're when we're we're setting someone up, we're setting you up for success. Um, so yeah, I think that I think that's always the goal, right? And kind of just once again, with everything else we just talked about, like getting a good team, getting a strategy in place, um, you know, getting educating yourself, um, and then and then you make the make you making the right decision for you and your family based on all that, you know, all those factors. Um and so, but yeah, yeah, yeah. We we love to help. Um, and uh hope hopefully, you know, if you're listening to this podcast or watching this, um, this information is helpful.

SPEAKER_01:

Yeah, I love it. And um speaking of information being helpful, uh, Brendan and I also created a master course, um, a masterclass for first-time homebuyers. And it really like we've taught the first time homebuyer class uh so much that I think each of us could teach the other ones a portion. Um and we could probably do it in our sleep. But uh, you know, if you're listening to this and you're like, man, this is such great information. How do I get started? What do I need to do? Uh, there's always a link uh in every uh description of the podcast. Um so even if you don't go to this one, you can go to any of them. There's a link in there that will take you to the masterclass. Uh, it is free, um, you know, because we want you to get the information that you need so that you feel empowered on your home buying journey. So um make sure you check that out. But thank you so much, Brendan, for taking time out of your schedule. I know you're getting ready to hop on a plane and and Set away. So I really appreciate you taking the time.

SPEAKER_00:

Of course. Anytime. I can do it in the air, you know, if we need to. So, you know.

SPEAKER_01:

I love it. I love it. Well, thank you so much. And thank you for tuning in to this week's episode. Hopefully, you found uh some of this information helpful. And uh, you know, don't forget that there is that master class if you are looking for a way to just kind of understand the whole process. So make sure that you are liking and subscribing so that you never miss another episode. So we'll see you next time on Come to Find Out.