Government shutdowns are in place, and these could impact the mortgage industry. In today’s Mortgage Monday, Christian and David talk about how government shutdowns could potentially slow down loan approvals, and which loans specifically are most likely to be affected. They also talk about how this may lead to downward pressure on rates as investor money flows to the safety of mortgage-backed securities. The show ends with a hilarious analogy of being friend zoned in business and a declaration of David’s love for each and every listener, as well as how to contact him directly. Download today!

Chapters

00:00 Introduction to Government Shutdown and Mortgage Implications

02:41 Current Trends in Mortgage Applications

05:46 Impact of Government Shutdown on Mortgage Rates

08:26 Understanding Mortgage Rate Dynamics

11:27 The Role of Government Agencies in Mortgage Processing

14:21 Debunking Myths About Mortgage Lenders

17:14 Navigating Different Types of Loans

20:09 The Importance of Accurate Financial Documentation

23:21 Building Relationships in the Mortgage Industry