Join Sam McGee from Crestmont Private Wealth as he demystifies the world of banking. Drawing from his extensive experience in the industry, Sam explains how mortgage rates really work, the impact of the Federal Reserve, tips for refinancing, and how to choose the right bank for your needs. Whether you’re a first-time homebuyer, considering refinancing, or just want to better understand your financial options, this episode offers practical advice and insights to help you make informed decisions.

YouTube Timeline / Chapters

00:00 - Introduction & Host Background

00:44 - Early Career in Banking

01:25 - Lessons from Subprime Credit

02:24 - Graduate School & Bank of America Experience

03:05 - Banking Before the Financial Crisis

03:50 - What I Learned in Banking

04:26 - Why Understanding Banking Matters

05:00 - The Myth: Fed Rates vs. Mortgage Rates

06:13 - What Really Drives Mortgage Rates

07:10 - Mortgage Rate Trends & Historical Context

08:08 - When to Refinance: Rules of Thumb

09:13 - Rate Modifications vs. Refinancing

10:13 - Choosing the Right Bank & Getting the Best Rate

11:06 - The Value of Banking Relationships

11:44 - Fraud Protection: Banks vs. Credit Cards

12:23 - The Fed’s Role: Why Rates Change

13:18 - How Rate Changes Affect You

14:00 - The Importance of Banks in the Economy

14:43 - How Crestmont Private Wealth Can Help

15:39 - Closing Thoughts & Contact Info

 

Original Air Date: September 6, 2025 at 8:30am as heard on Boerne Radio 103.9FM

Contact:  www.crestmontpw.com 

Alec Walker in Houston:  831-280-5288 

Sam McGee in Boerne: 830-368-2898

See omnystudio.com/listener for privacy information.