June 18, 2025 • 31 mins
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Buy from highatap Monroe Center in downtown Grand Rapids. We're
talking about what matters most to you in West Michigan.
Joining a conversation now at six one six seven seven
four twenty four twenty four. At six one six seven
seven for twenty four to twenty four, It's West Michigan
Live with Justin Barklay on Wood Radio on Radio Million Ports.
Speaker 2 (00:23):
This morning Bill Hammer on Fox News with the latest,
getting into numbers about Iran's arsenal, What is left Israel
degrading Iran's ammunitions and of course the latest on that story.
Unconditional surrender. That's what the President Trump is warning for
(00:46):
the back and forth online social media is uh is
something else will fail you in We got lots to
discuss today. We're gonna check your interest rates, mortgages, whole
prices and more on the way, use and traffic.
Speaker 1 (01:01):
I'm the biggest stories of the day. We're talking about
what matters most in West Michigan and beyond.
Speaker 3 (01:07):
This is the Big three now see speaks.
Speaker 2 (01:12):
We got a story no matter most, you gotta be
talking about these round water cool the dinner table, no
matter where you are. Powered by our good friends at
Hartwood Home mortgage. It's the Big Three, and listen whether
you want to buy refinance on that Glodie line of credit,
the Big Three, at least in my mind, I only
(01:32):
offer the the first mortgage as well. I got custom
solutions for everyone, really, but you got to pick up
the phone and caller, go to HHM lending dot com,
ask Dave of Galawai and the team how they can
help you save thousands like they've done for us and
so many members of this program, and listen on the
basis unconditional surrendered. That's the latest from President Trump on
(01:55):
truth social That's what he's asking for going further with it, saying,
we know exactly listen to this. You talk about freaking
these guys out. We know exactly where the Supreme Leader is,
where he's hiding. He's an easy target, but is safe there.
(02:19):
We're not going to take him out. Parentheses killed at
least for now, but we don't want missiles shot at
civilians or American soldiers. Our patience is wearing thin. Thank
you for your attention to this matter. That from President
Trump last night Iranian State TV with a warning back
(02:39):
at Trump tonight, a great surprise will occur, and of course,
as far as you can tell it, it has not,
and I don't know what the chances of or that
that is. It sounds immediately more saber rattling than anything
else they're going to say one that will the world
will remember, for say, a cooler calmer head's hoping that
(03:04):
we'll prevail through this. Trump going through it with the
art of the deal, obviously wanting to get a deal done.
I don't know if you can deal with these folks.
Americans don't want war, but I ran can't have a
nuclear weapon. Those two things I think on top of
the list on priorities. Hey, we do have some really
(03:29):
good news. We'll get some more numbers today when it
comes to the FED. And of course we'll talk with
our good friend Dave got Away from Heartland home mortgage.
But guess what you're making more money under Trump list
a big announcedent that came yesterday. We've got the details
that data is in wheel blue collar wage growth. Listen
(03:51):
to this under Trump, blue collar wages soaring at fastest
rates since nineteen sixty nine. That's usual. Data is showing
that blue cottar wages are up one point seven percentator Trump.
The highest in sixteen, compared to one point seven percent
dip under Biden. According to the Treasury Figures, big numbers,
(04:13):
numbers that matter, numbers that actually have an impact. Now
the boost tied to Trump's manufacturing push, immigration stance and
outshining stagnant wage eras like Cardner's and Reagan's earlier days.
It's more good news I wanting for you today when
it comes to the severe weather threat possibility this afternoon.
(04:35):
We got the showers coming throughout the day, but there's
a chance this afternoon into the evening that we're going
to have some damaging wind hail in the outlook as well.
Stay tuned and with us throughout the day for the
latest updates on this. We want to make sure that
you stay up today and we'll do just that. With
these conversations and more than some one against we jump
(04:57):
telephund Do you want to join in at any time?
You can a couple of ways to do it, the
traditional way, the old fashioned way. Get out of that phone.
Speaker 1 (05:08):
And dial Justin now at six one six seven seven
four four twenty four at six one, six seven seven
for twenty four to twenty four West Michigan Live with
Justin Barklay on news radio would thirteen hundred and one
oh six nine a f M.
Speaker 2 (05:24):
Now there's another way to do this too, the iHeartRadio Apple.
You gotta do is get that thing and push that
microphone button, sound off, rave, comment, complain, whatever you want
to do. Let your voice be heard. And that goes
directly to us. And and of course why.
Speaker 4 (05:45):
Are you there?
Speaker 2 (05:46):
Click that preset button and set us up? What radio there?
And the podcast justin barklay so you never miss a
minute lives or archives. There is a lot of bad
and forth Trump and UH and Tucker. And by the way,
he's an ugly moment that happened yesterday between Tucker and
(06:10):
UH and Senator Ted Cruz. And I'm just gonna warn
because guys, look, I'm not I think both both sides
in this debacle. They just called it that both sides
have I think important points and both of these need
to be but this whole gotcha moment that and Tucker's
I I'm a little I'm actually a little sad to
(06:32):
see this because he's pushing this and I don't care
you don't like Ted Cruise, That's one thing I don't.
I just think that this is not helpful to the cause.
I really don't Tucker quizzing Ted Cruz in a conversation.
I guess they added Ted's office about the country of Iran.
(06:54):
I've already seen people fire back on this online, one
congressman tweeting a picture of like the top facts of Iran.
Speaker 4 (07:04):
Thing.
Speaker 2 (07:05):
Keeping this in mind in case I run into Tucker today.
It's it's turning sideways, and I actually think I think
it's gonna turn I think it's gonna turn people off
to Tucker, but also the cause, which I believe his
viewpoint is important, but I also believe the present's viewpoint
is important. And I've been warning on this. It's the
(07:25):
same scenario with Elon and everything else. They're trying to
drive wedge with folks any way they can. And if
we if we sort of give into this type of thing,
the circular firing squad right the right does this a lot,
Conservatives do it quite a bit. This is a this
is a problem because we've got enough, we got enough
(07:46):
issues that we have to contend with and deal with.
And I don't think Ted Cruz is enemy number one.
I just I just don't live it.
Speaker 3 (07:54):
Run by the way I don't know the population.
Speaker 2 (07:57):
Heus how many people live in Iran? Ted Cruz, I
don't know the population. Now this becomes a moment, a
really sticking moment for for Tucker, and I honestly think
it makes great viral content for them to go at it,
but it does not help the situation at all at all.
Speaker 5 (08:18):
No, I don't know the population. You don't know the
population of the country. You seek to topple.
Speaker 3 (08:25):
How many people living around?
Speaker 6 (08:26):
Note each two million? Okay, how could you not know that.
I don't sit around memorizing population tables.
Speaker 5 (08:33):
Well, it's kind of relevant because you're calling for the
overthrow of the government.
Speaker 6 (08:37):
Why is it relevant whether it's will because ninety million
or eighty million or one hundred million, Because if you
don't know anything about the country, I didn't say I
don't know anything about Okay, what's the ethic makes of wrong?
They are Persians and well presuminantly Shia.
Speaker 5 (08:50):
Okay, you don't know anything about Iran, So okay, how
do you jump to you don't know anything about Iran?
Speaker 2 (08:58):
If you don't know the exact pop this doesn't help.
Ted Cruz can at the same time care about the people,
the civilians in Iran know that the leadership is evil,
that if they get a nuclear weapon, they will use
it not just on Israel, but on America too. They've
said both death to America, death to Israel for years.
Speaker 3 (09:17):
We know this.
Speaker 2 (09:18):
This is nothing new. You got tweets and posts on
acts to date back to I think twenty eleven with
Trump saying the very same thing. Now at the same time,
understanding all of that, we can also hold true that
we don't want war. We don't want America to be
(09:39):
pulled into another one of these Iraq what I think
Tucker's got a point there. Lots of folks inside Magna
you're gonna feel the same way. But running this gotcha
stuff any other day, and the warning with Bannon, and
I guess you know, look, I think some of that's okay,
but this is not. This is not how bunnybody. This
(10:02):
doesn't get us anywhay. This back and forth here and
who knows what the whole interview is like. I don't know,
maybe maybe this is just one moment, but it's a
strange way to promote it. And I just I don't
think this is helpful at all in any of this conversation.
Tucker Carlson bird On, I ran, you're a who's calling
the one about the country.
Speaker 6 (10:24):
No, you don't know anything about the country. You're the
one who claims they're not trying to murder Donald Trump.
Speaker 3 (10:28):
I'm not saying that.
Speaker 6 (10:29):
Who can't figure out.
Speaker 5 (10:30):
To say, General Solamonia, you believe they're trying to murder Trump? Yes,
because you're not calling for military strikes against them in retaliation.
Speaker 6 (10:38):
And if they really believe that carrying out military strikes.
Today you said Israel was right with our help. I've
said we Israel is leading them, but we're supporting them.
Speaker 5 (10:47):
Well, this you're breaking news here because the US government
last night denied the National Security Council Spokesmanlex Feiffer denied
on behalf of Trump that we were acting on Israel's
behalf in any offensive capacity.
Speaker 2 (10:58):
We're not bombing, then Israel's bombing them. This is going
to be a whole thing too. This will could be
a but again, both things are true. We can be
supporting them. There's a number of ways we could be
doing that. I don't want to even get into all
of that. But no boots on the ground or anything
like that. I think there's all sorts of technology, satellite, intel,
all things that we could be helping them. This hole
(11:20):
back and forth. My point is a problem. It's not helpful.
And what I'm seeing is it's coming from a specific
group of folks. And by the way, they all believe
that they are the most important faction. They got Trump elected. No,
first of all, let me put all of this to rest.
(11:43):
Trump was elected by divine intervention. Each and every individual
vote got him elected. Factions all got but well guess what, folks,
we needed at all. It wasn't one over the other.
So that's an important piece of this. And it's also
(12:04):
an important piece that once he's elected, you say, look,
we will you know, we reserve the right to say criticize,
but will reserve the right to see it'll sound off
and say here's what we'd like to see. But I'm
seeing a lot of folks saying I'd said I'm never
voting this week, I'm never doing that again. I'll never
do it. It's not the answer, and it's not ideology
(12:26):
right versus left. Right now, folks, is this is right
versus wrong, it's good versus evil. I'm sorry, but the
people who want to destroy this country from within and
from without are on the other side, and every one
of us and could he folks who voted Democrats think
of themselves as good old fashioned democrats, but aren't the
crazy ones. You're included in this too. We need you
(12:46):
because some of you folks out there don't know. You
just don't understand. And one of these days maybe you
will wake up. Maybe you won't, but you'll understand. You'll
come to the point where you understand that the enemies
of America are not just at the gates, they're in side.
Speaker 3 (13:00):
Setting the record straight.
Speaker 1 (14:14):
It's West Michigan Live with Justin Barklay on News Radio
one thirteen hundred and one oh six nine a half
as and on demand anytime on the iHeartRadio app.
Speaker 2 (14:24):
I filled in for going back. Probably it was about
the big beginning of the year when we had all this.
So we had a couple of the We had the
Warlands tear attack, and then we had the the cyber
truck blown up outside of Trump Hotel there in Las Vegas,
and she had an interesting conversation she pent on the
show The Sean Ryan Show previously. Instead, they've got these
(14:45):
terror cells inside the country they want to activate, et cetera.
Now I don't think, by the way, I don't. I
don't know, but that's just what she said. It's an
interesting point in conversation. At that time, she said, we
got to be very careful because again, remember at this
point President Trump had been sworn and yet none of
the things that we've seen happen in the last few
months happened yet. So all of that to be said,
(15:11):
is it possible that there are terror cells and they're
just waiting the right moment to be activated or whatever
that is. However, that looks like, yeah, I do think
that that's possible. I just don't know. So I don't
spend every day worrying or wringing my hands over things
like that. But it is, it is possible. At the
end of the day, we just don't. We don't have
(15:31):
a we don't. There's no way to know this. I
will tell you one thing we know for sure is
the last four years of border was left wide open.
Any and everybody was able to come through. Who knows
what they got into this country. I am a little
more concerned about China, to be honest with you, though,
and particularly with what we've seen with drawn attacks recently,
(15:53):
with how Israel was able to set up inside Iran,
and then Ukraine was able to set up inside Russia
and pull off these drawn attacks using these little sheds
and things like that. I'm a little more I'm actually
a lot more concerned with what is happening right now
with China trying to buy up all this farm land.
(16:13):
The Christy no, the Secretary Department of Homeland Security rush
to the hospital. We didn't have the answer. What happened. Well,
she had an allergic reaction to something. I'll talk about
that a little bit later on, but that's the point
of the news. It's coming at you so fast, and
when I was trying to tell people off here and
what I'll tell you is, just take a breath, folks.
If you need to take a breath, if you need
(16:33):
to turn it all off, I promise it'll all be
here when you come back at some point. I don't
want a lot of people that give you permission to
do that, but I'm just telling you if you're finding
that things are getting a little too much, or you're
starting to feel it, didn't just know, because it's never
my intention to get you so worked up that you
can't think clearly or see. Because some people want to
(16:54):
do that. We have a different design here. We want
you informed, we want you empowered you can make the
best decisions for you and your family. I'm not gonna hide,
stick my head in the sand or anything like that
and ignore the things that are happening. But I want
to mix in the good with all of that as well.
One of the things we wanted to do as well
is bring you the folks who know in the note
(17:15):
they've got away our good friend from Heartland Home Mortgage
here today again we got possibility. We're going to get
some news on the FED today, whether rates go up
or down or stay unchanged. We're going to talk about that,
but also mortgage rates and even more importantly, the you know,
the the home values and prices and are they going
to get more affordable? How's the housing market? What's all
(17:37):
of that look like? Dave, welcome in. We appreciate you
being here with us today.
Speaker 4 (17:41):
Thank you for having me. I thought the comments were
great in the chat.
Speaker 7 (17:44):
Like the way I'm sitting it kind of makes me
look like Mufasa with this thing in the background.
Speaker 4 (17:48):
Like great. I think I could probably get my hair
that if I tried hard enough. But yeah, I love it.
Speaker 2 (17:56):
For people not without watching that you're listening on the radio.
Dave's got some sort of like artwork or something behind him,
and it kind of looks like he's got a you've
got a big afro or something, which is hilarious. Yeah,
that's beautiful. Well, let's talk about it. Let's cut to
the chase, cut their hair, let's get into it. What
we're expected to hear from the Fed today? Is there
(18:18):
any change insight there?
Speaker 4 (18:22):
I really don't think so.
Speaker 7 (18:24):
From everything we're hearing, is they want to see the
unemployment numbers kind of continue to be where they are
or increase. They also don't feel that they've had a
long enough view of what the tariffs are doing to
endorse the raid drop. And quite honestly, my gut is
(18:46):
they're kind of playing a little kid's game with each other.
As Trump continues to attack Powell, I think he kind
of digs in his heels even harder. And it's unfortunate
because it's like they can play those games at the
cost of us.
Speaker 4 (19:00):
But obviously Trump once the once.
Speaker 7 (19:03):
The rates cut more so for his budget right, because
if they do just a minute cut in interest rates,
it makes the government's borrowing costs a lot less and
looks better on his budget. So I think we're in
kind of a middle of they don't feel they have
enough data and they're just kind of mad at him.
Speaker 4 (19:20):
Is how I kind of read the situation.
Speaker 2 (19:22):
Yeah, this is we gotta we gotta have cooler heads prevail.
We've gotta have adults in the room, and some of that,
particularly with this this FED, I think is is it
needs to come back around what do you what is
your like if you're running a FED, it it's Dave there, Uh,
that's the chair. What would you what would you do?
(19:43):
First of all, you might get a different picture and
image in your background there if you're running the FED.
But but what what would you do? Would you be
raising them? Would you be lowering them? Would you keep
them the same? What? What's your gut on this?
Speaker 7 (19:56):
I think after this last you know feed, fact they
got where the tariffs were not driving inflation up, I
think that would have been a pretty good indicator to say,
let's start taking a measured approach and dropping in the
straight slowly. I wouldn't have, you know, gone full board,
but I certainly would have looked into a quarter, if
not a half point cut after you got that data,
because that's what they use is an excuse. Right, Well,
(20:18):
we have these tariffs, so inflations are going to go higher,
and they didn't, and so that would be my approach.
And then if you see things go crazy, because the
thought is if they drop it too fast, and then
it's going to drive up prices in other areas because
people are going to spend. So but I think it
certainly would have merited a small drop at that time.
Speaker 2 (20:37):
Yeah, And I think you know the to that point.
I do think, you know, folks are looking for some
of that relief right now. We had big numbers come
out the last couple of days. What's that consumer sentiment?
What they saw spending down last month? We heard the
other day. But I'll tell you these months January, June, July,
(21:00):
and I know that was for May, but still these
are tough months for retail anyway. People are probably rethinking
a lot of things. I don't know if i've I
would be honest, like, I don't think i've felt the
pinture of the tariffs yet now I don't. I'm not
a business that's got to go get steel or something
from someplace, and I can't find it or get it.
I just haven't seen that personally in my life yet,
(21:24):
or you know, maybe the maybe the case is is
we've just seen inflation to the last four years through
the roof in such a way that, you know, if
I do see it, it just doesn't it doesn't register.
So I'm not seeing that. I understand a lot of it.
When we look at the markets, people are just there.
It's like a roller coaster rise psychological thing. They sort
(21:44):
of freak out watching that thing go up and down.
But we want to really talk about the real life,
everyday effects of this stuff, and one of those pieces
is home prices. Uh. So we got good numbers today.
In fact, this was really this was really good, and
it was blue collar. This is blue collar jobs. Listen
(22:06):
to this update under Trump, blue collar wages soaring at
the fastest rate since nineteen sixty nine. Now I had
to put some other news with this. What does that
do then? If the wages are going up, what is
that going to do for the cost of everything else.
Are we going to see the cost of things go
up as well along with those wages or are we
(22:31):
just seeing more people going back to work and that's
going to tie into home prices too, but I'll let
you hit that first.
Speaker 7 (22:37):
Well, Kent County for the month of May home prices
are up five point six percent, and I think for
twenty twenty five, the year to day average home sale
price in Kent County is three hundred and ninety four thousand,
So that's a big number of people that have been
in the area for quite a while. But I do
want to go back to what you were talking about
with the inflation and what people are spending. A couple
(22:59):
of huge numbers right now is we are at an
all time high for consumer debt. Okay, that's unsecured debt,
which credit cards, consumer loans, whatever.
Speaker 4 (23:07):
Maybe we're also.
Speaker 7 (23:08):
At a all time high for delinquencies on those debts.
So when you look at people's ability to spend, the
easiest way for them to stop extending credit cards to
you is to have some late payments, right, So I
don't I think that's something that's very unreported. You know,
a decrease in spending is probably related to the decrease
in credit extended because now you're going to linkuent on
(23:30):
those things, right, because the creditors are looking at that
saying Okay, when does that When does that cliff come?
And it absolutely blows up to where you're going to
have a lot of bankruptcies being filed, and you're seeing
a huge increase in bankruptcy filing. So yeah, I think
I think the blue collar wage growth is great, but
there's a bigger number that that's being ignored. The average
(23:51):
credit card interest rate right now is north of twenty percent.
So think about that number, north of twenty that's crazy.
And so yeah, when we talk about what's affecting the
spending right now, I think that's a huge part of
the people that normally might spend on a lot of things,
they may have the ability to do that because they're
not getting credit cards or their monthly payments are having to.
Speaker 4 (24:13):
Go just to cover that interest rate on that credit card.
You know.
Speaker 2 (24:17):
And one of the interesting things about this, and I'll
just tap into this is because of inflation, people probably
did go to their credit cards, so they did go
to you know, to try and make up and and
and so you kind of have this one thing on
top of it. You let's talk about the actual house
in the market here where we aren't I just anecdotal,
(24:41):
but I've seen a couple of homes for sale, actually
three in the last gosh, I guess it was probably
the last six months here in in my neighborhood, and
they sold like that, like super fast. So what what's
that housing? What's the market look like as far as
(25:03):
you know, how long homes are staying on the market,
what those prices look like, et cetera.
Speaker 7 (25:10):
Well, you're seeing once again a big Russian homes flying
off the market.
Speaker 4 (25:13):
In West Michigan.
Speaker 7 (25:15):
There's still a one month inventory in May of homes
on the market, which is very small.
Speaker 4 (25:20):
They're just not building enough homes in the area.
Speaker 7 (25:22):
And so yeah, I mean I have multiple buyers that
have been one of fifteen offers coming in on homes
that are you know, going over asking price. Not as
many cash offers now, but you still see people that
are able to find some cash to make their offer
look a little bit better. So yeah, there's there's big
demand and that's normal this time of year. You may
(25:44):
see it decrease a little bit as the summer progresses,
but yeah, I mean the demand there is still big.
The inventory is really low, especially when you look at
a national average. There are many areas bigger areas you
know on Florida, California, Arizona, a lot of those areas
they're seeing the prices coming down and the inventories wait,
(26:06):
you know, quite high, but yeah they're in West Michigan.
There's still just not enough homes being built and the
inventory is really low.
Speaker 2 (26:13):
That's going to keep prices high. So that's good for
you if you have a home because your values stay high, right,
But those first time home buyers, it makes it even
tougher on them.
Speaker 4 (26:24):
Yeah, the affordability is the big factor.
Speaker 7 (26:27):
Now. I know that that four hundred thousand dollars numbers
seems high, but once again you compare it to national average,
what you can get in West Michigan is still better
than what you get in a lot of areas, especially
when you look at square footage and everything. I know,
it's been there for twenty years. You look at us
in Boyd, it's just so expensive you can't get anything.
But people relocating from different areas where the post living
is a lot higher, it's still not a bad deal
(26:49):
that you can get there. And really, the mentality right
now is you know, if you can buy now, and
what do you think is going to happen to prices
when rates decrease. Right, I don't think prices in West
Michigan are going to decrease as rate decrease. So it's
still not a terrible time to buy. Do you pay
a bit of a premium because rates are higher? Sure,
but in a year from now, if values go up
another five to seven percent, you can always refinance and
(27:12):
not pay, you know, buy it at a lower price.
Speaker 2 (27:13):
Now, all right, so let's talk as one of the
big things that I heard. I know you can help
people in several different ways, whether they're looking to buyer
REFI home, equally mount of credit, maybe it's a reverse mortgage. People,
every single individual walks through the door. You got custom
solutions for folks hhmlending dot com by the way, but
da've got away with us. I heard you mentioned the
credit cards and a home equity line of credit. I
(27:35):
think is useful for us, So useful for a lot
of folks maybe to start shipping away at some of
that crazy high interest debt that they have that they've
been trying to just keep up with things. How does
that work and who can you help with that?
Speaker 7 (27:51):
Well, if you have equity in your home and you're
going huge in consumer debt. You could be looking at
that cliff and using that equity in your home to
help save That is a big deal.
Speaker 4 (28:01):
And I know somebody may say, well I got three percent.
I don't want to touch that. It's like, well, I
get that. But there may be a happy.
Speaker 7 (28:07):
Balance, whether it is a home equity loan to eliminate
other bills, because those bills could push you to the
point where once you miss a house payment, now you're
on the verge of losing the house in general and
the credit ramification. So it's always worth looking at least saying, Okay,
what could my equity do for me in a monthly basis.
I've never gone to the grocery store and bought groceries
with an interest rate.
Speaker 4 (28:26):
I've had to have cash for that, And so you
have to look at your monthly budget.
Speaker 7 (28:30):
Am I an advocate of saying hey, just go wipe
out your equity and just go buy things.
Speaker 4 (28:34):
No, of course not.
Speaker 7 (28:34):
But you know you have to address the situation you're
in right now, and if you're in that situation, you
should definitely be looking at your options saying, hey, what
would a cash out refinance.
Speaker 4 (28:44):
Do for me?
Speaker 7 (28:44):
Or a home equity line of credit due for me
from a monthly budget perspective.
Speaker 4 (28:48):
And then when raches drop, we can always look at
a refinance because they are going to drop.
Speaker 7 (28:53):
And I would love to put a hard line and
say six months guaranteed. I can't do that, but you
know they are going to get there, and so it's
it is waiting it out, and it's kind of surviving
on a month to month basis to get to that point.
Speaker 2 (29:07):
Some of us have interest rates so low we thank
to ourselves we may never sell our home, Dave. Those
are the ones that listen last Dame around and we've
been telling people, especially through that entire time, it's the
best time to buy, you know, and it was. It
was incredible, and we've got incredible interest rates to show
for a lot of us in that boat thanks to
the folks at Heartland Home Mortgage. You want to find
(29:30):
out more, you call them eight seven seven three five
h zero zero zero seven eight seven seven three five
oh zero zero zero seven. They are faster, better than
the big banks. If you were here in Michigan or
even in Florida. Are looking at places in Florida because
I see prices dropping down there and I want to
get into that right now. But I have a friend
who just bought a home down in Florida and they're
(29:53):
looking for the right time. You look at the find
the right people to work with Heartland Home Mortgage. Dave
got Away and the team are going to help you
get through there. We appreciate the latest stuff day, Dave.
You got to come back and give us another one
soon and we'll be watching the Fed today to see
what they do in the meantime. Thank you so much
for all.
Speaker 4 (30:09):
You English friend. Yeah, likewise, thanks, what are you doing?
Speaker 2 (30:12):
Thanks on President Trump's speaking right now.
Speaker 8 (30:14):
Great advice, but he's done a poor job. So we
have no inflation. We have only success and lets to
see interest rates get down now. Biden did a lot
of very short term debt, so we have short term
dead coming to and because of this guy's rates. You know,
if he'd lower the point, i'd pay about a point less.
(30:36):
Then if it'd lowered two points, I'd pay about the
two points less.
Speaker 3 (30:39):
And that's for ten.
Speaker 8 (30:40):
Years, twelve years, fifteen years, five years. Talking about interesting,
it's hundreds of millions, it's even trillions of dollars that
we're going to lose because of this too late that
got him too late pale because he's always too late.
I mean, if you look at him, every time I
did this, I was right one hundred percent, he was wrong.
Maybe I should go to the FED. Am I allowed
(31:01):
to point myself delG I don't know. Am I allowed
to appoint myself.
Speaker 3 (31:04):
At the FED?
Speaker 8 (31:04):
I do a much better job than these people. So anyway,
we should be two points lower. It would be nice
to be two and a half points lower. We'd be
saving eight hundred billion dollars seven hundred billion.
Speaker 2 (31:17):
There's a lot of money.
Speaker 8 (31:18):
Thank you for nothing, couple for absolutely nothing. We'd save
six seven eight hundred billion dollars we have. I think
we're thirty eighth now in interest, and we should be
number one. We should be the lowest. And by the way,
if he's worried about inflation, that's okay. I understand that.
Speaker 2 (31:36):
This is just an impromptu conversation. By the way, I'm
gonna hear more of this doing the after show. But
they're out there. They're installing the new flagpoles. The new
flagpoles are going up as we speak.
Buy from highatap Monroe Center in downtown Grand Rapids. We're
talking about what matters most to you in West Michigan.
Joining a conversation now at six one six seven seven
four twenty four twenty four. At six one six seven
seven for twenty four to twenty four, It's West Michigan
Live with Justin Barklay on Wood Radio on Radio Million Ports.
Speaker 2 (00:23):
This morning Bill Hammer on Fox News with the latest,
getting into numbers about Iran's arsenal, What is left Israel
degrading Iran's ammunitions and of course the latest on that story.
Unconditional surrender. That's what the President Trump is warning for
(00:46):
the back and forth online social media is uh is
something else will fail you in We got lots to
discuss today. We're gonna check your interest rates, mortgages, whole
prices and more on the way, use and traffic.
Speaker 1 (01:01):
I'm the biggest stories of the day. We're talking about
what matters most in West Michigan and beyond.
Speaker 3 (01:07):
This is the Big three now see speaks.
Speaker 2 (01:12):
We got a story no matter most, you gotta be
talking about these round water cool the dinner table, no
matter where you are. Powered by our good friends at
Hartwood Home mortgage. It's the Big Three, and listen whether
you want to buy refinance on that Glodie line of credit,
the Big Three, at least in my mind, I only
(01:32):
offer the the first mortgage as well. I got custom
solutions for everyone, really, but you got to pick up
the phone and caller, go to HHM lending dot com,
ask Dave of Galawai and the team how they can
help you save thousands like they've done for us and
so many members of this program, and listen on the
basis unconditional surrendered. That's the latest from President Trump on
(01:55):
truth social That's what he's asking for going further with it, saying,
we know exactly listen to this. You talk about freaking
these guys out. We know exactly where the Supreme Leader is,
where he's hiding. He's an easy target, but is safe there.
(02:19):
We're not going to take him out. Parentheses killed at
least for now, but we don't want missiles shot at
civilians or American soldiers. Our patience is wearing thin. Thank
you for your attention to this matter. That from President
Trump last night Iranian State TV with a warning back
(02:39):
at Trump tonight, a great surprise will occur, and of course,
as far as you can tell it, it has not,
and I don't know what the chances of or that
that is. It sounds immediately more saber rattling than anything
else they're going to say one that will the world
will remember, for say, a cooler calmer head's hoping that
(03:04):
we'll prevail through this. Trump going through it with the
art of the deal, obviously wanting to get a deal done.
I don't know if you can deal with these folks.
Americans don't want war, but I ran can't have a
nuclear weapon. Those two things I think on top of
the list on priorities. Hey, we do have some really
(03:29):
good news. We'll get some more numbers today when it
comes to the FED. And of course we'll talk with
our good friend Dave got Away from Heartland home mortgage.
But guess what you're making more money under Trump list
a big announcedent that came yesterday. We've got the details
that data is in wheel blue collar wage growth. Listen
(03:51):
to this under Trump, blue collar wages soaring at fastest
rates since nineteen sixty nine. That's usual. Data is showing
that blue cottar wages are up one point seven percentator Trump.
The highest in sixteen, compared to one point seven percent
dip under Biden. According to the Treasury Figures, big numbers,
(04:13):
numbers that matter, numbers that actually have an impact. Now
the boost tied to Trump's manufacturing push, immigration stance and
outshining stagnant wage eras like Cardner's and Reagan's earlier days.
It's more good news I wanting for you today when
it comes to the severe weather threat possibility this afternoon.
(04:35):
We got the showers coming throughout the day, but there's
a chance this afternoon into the evening that we're going
to have some damaging wind hail in the outlook as well.
Stay tuned and with us throughout the day for the
latest updates on this. We want to make sure that
you stay up today and we'll do just that. With
these conversations and more than some one against we jump
(04:57):
telephund Do you want to join in at any time?
You can a couple of ways to do it, the
traditional way, the old fashioned way. Get out of that phone.
Speaker 1 (05:08):
And dial Justin now at six one six seven seven
four four twenty four at six one, six seven seven
for twenty four to twenty four West Michigan Live with
Justin Barklay on news radio would thirteen hundred and one
oh six nine a f M.
Speaker 2 (05:24):
Now there's another way to do this too, the iHeartRadio Apple.
You gotta do is get that thing and push that
microphone button, sound off, rave, comment, complain, whatever you want
to do. Let your voice be heard. And that goes
directly to us. And and of course why.
Speaker 4 (05:45):
Are you there?
Speaker 2 (05:46):
Click that preset button and set us up? What radio there?
And the podcast justin barklay so you never miss a
minute lives or archives. There is a lot of bad
and forth Trump and UH and Tucker. And by the way,
he's an ugly moment that happened yesterday between Tucker and
(06:10):
UH and Senator Ted Cruz. And I'm just gonna warn
because guys, look, I'm not I think both both sides
in this debacle. They just called it that both sides
have I think important points and both of these need
to be but this whole gotcha moment that and Tucker's
I I'm a little I'm actually a little sad to
(06:32):
see this because he's pushing this and I don't care
you don't like Ted Cruise, That's one thing I don't.
I just think that this is not helpful to the cause.
I really don't Tucker quizzing Ted Cruz in a conversation.
I guess they added Ted's office about the country of Iran.
(06:54):
I've already seen people fire back on this online, one
congressman tweeting a picture of like the top facts of Iran.
Speaker 4 (07:04):
Thing.
Speaker 2 (07:05):
Keeping this in mind in case I run into Tucker today.
It's it's turning sideways, and I actually think I think
it's gonna turn I think it's gonna turn people off
to Tucker, but also the cause, which I believe his
viewpoint is important, but I also believe the present's viewpoint
is important. And I've been warning on this. It's the
(07:25):
same scenario with Elon and everything else. They're trying to
drive wedge with folks any way they can. And if
we if we sort of give into this type of thing,
the circular firing squad right the right does this a lot,
Conservatives do it quite a bit. This is a this
is a problem because we've got enough, we got enough
(07:46):
issues that we have to contend with and deal with.
And I don't think Ted Cruz is enemy number one.
I just I just don't live it.
Speaker 3 (07:54):
Run by the way I don't know the population.
Speaker 2 (07:57):
Heus how many people live in Iran? Ted Cruz, I
don't know the population. Now this becomes a moment, a
really sticking moment for for Tucker, and I honestly think
it makes great viral content for them to go at it,
but it does not help the situation at all at all.
Speaker 5 (08:18):
No, I don't know the population. You don't know the
population of the country. You seek to topple.
Speaker 3 (08:25):
How many people living around?
Speaker 6 (08:26):
Note each two million? Okay, how could you not know that.
I don't sit around memorizing population tables.
Speaker 5 (08:33):
Well, it's kind of relevant because you're calling for the
overthrow of the government.
Speaker 6 (08:37):
Why is it relevant whether it's will because ninety million
or eighty million or one hundred million, Because if you
don't know anything about the country, I didn't say I
don't know anything about Okay, what's the ethic makes of wrong?
They are Persians and well presuminantly Shia.
Speaker 5 (08:50):
Okay, you don't know anything about Iran, So okay, how
do you jump to you don't know anything about Iran?
Speaker 2 (08:58):
If you don't know the exact pop this doesn't help.
Ted Cruz can at the same time care about the people,
the civilians in Iran know that the leadership is evil,
that if they get a nuclear weapon, they will use
it not just on Israel, but on America too. They've
said both death to America, death to Israel for years.
Speaker 3 (09:17):
We know this.
Speaker 2 (09:18):
This is nothing new. You got tweets and posts on
acts to date back to I think twenty eleven with
Trump saying the very same thing. Now at the same time,
understanding all of that, we can also hold true that
we don't want war. We don't want America to be
(09:39):
pulled into another one of these Iraq what I think
Tucker's got a point there. Lots of folks inside Magna
you're gonna feel the same way. But running this gotcha
stuff any other day, and the warning with Bannon, and
I guess you know, look, I think some of that's okay,
but this is not. This is not how bunnybody. This
(10:02):
doesn't get us anywhay. This back and forth here and
who knows what the whole interview is like. I don't know,
maybe maybe this is just one moment, but it's a
strange way to promote it. And I just I don't
think this is helpful at all in any of this conversation.
Tucker Carlson bird On, I ran, you're a who's calling
the one about the country.
Speaker 6 (10:24):
No, you don't know anything about the country. You're the
one who claims they're not trying to murder Donald Trump.
Speaker 3 (10:28):
I'm not saying that.
Speaker 6 (10:29):
Who can't figure out.
Speaker 5 (10:30):
To say, General Solamonia, you believe they're trying to murder Trump? Yes,
because you're not calling for military strikes against them in retaliation.
Speaker 6 (10:38):
And if they really believe that carrying out military strikes.
Today you said Israel was right with our help. I've
said we Israel is leading them, but we're supporting them.
Speaker 5 (10:47):
Well, this you're breaking news here because the US government
last night denied the National Security Council Spokesmanlex Feiffer denied
on behalf of Trump that we were acting on Israel's
behalf in any offensive capacity.
Speaker 2 (10:58):
We're not bombing, then Israel's bombing them. This is going
to be a whole thing too. This will could be
a but again, both things are true. We can be
supporting them. There's a number of ways we could be
doing that. I don't want to even get into all
of that. But no boots on the ground or anything
like that. I think there's all sorts of technology, satellite, intel,
all things that we could be helping them. This hole
(11:20):
back and forth. My point is a problem. It's not helpful.
And what I'm seeing is it's coming from a specific
group of folks. And by the way, they all believe
that they are the most important faction. They got Trump elected. No,
first of all, let me put all of this to rest.
(11:43):
Trump was elected by divine intervention. Each and every individual
vote got him elected. Factions all got but well guess what, folks,
we needed at all. It wasn't one over the other.
So that's an important piece of this. And it's also
(12:04):
an important piece that once he's elected, you say, look,
we will you know, we reserve the right to say criticize,
but will reserve the right to see it'll sound off
and say here's what we'd like to see. But I'm
seeing a lot of folks saying I'd said I'm never
voting this week, I'm never doing that again. I'll never
do it. It's not the answer, and it's not ideology
(12:26):
right versus left. Right now, folks, is this is right
versus wrong, it's good versus evil. I'm sorry, but the
people who want to destroy this country from within and
from without are on the other side, and every one
of us and could he folks who voted Democrats think
of themselves as good old fashioned democrats, but aren't the
crazy ones. You're included in this too. We need you
(12:46):
because some of you folks out there don't know. You
just don't understand. And one of these days maybe you
will wake up. Maybe you won't, but you'll understand. You'll
come to the point where you understand that the enemies
of America are not just at the gates, they're in side.
Speaker 3 (13:00):
Setting the record straight.
Speaker 1 (14:14):
It's West Michigan Live with Justin Barklay on News Radio
one thirteen hundred and one oh six nine a half
as and on demand anytime on the iHeartRadio app.
Speaker 2 (14:24):
I filled in for going back. Probably it was about
the big beginning of the year when we had all this.
So we had a couple of the We had the
Warlands tear attack, and then we had the the cyber
truck blown up outside of Trump Hotel there in Las Vegas,
and she had an interesting conversation she pent on the
show The Sean Ryan Show previously. Instead, they've got these
(14:45):
terror cells inside the country they want to activate, et cetera.
Now I don't think, by the way, I don't. I
don't know, but that's just what she said. It's an
interesting point in conversation. At that time, she said, we
got to be very careful because again, remember at this
point President Trump had been sworn and yet none of
the things that we've seen happen in the last few
months happened yet. So all of that to be said,
(15:11):
is it possible that there are terror cells and they're
just waiting the right moment to be activated or whatever
that is. However, that looks like, yeah, I do think
that that's possible. I just don't know. So I don't
spend every day worrying or wringing my hands over things
like that. But it is, it is possible. At the
end of the day, we just don't. We don't have
(15:31):
a we don't. There's no way to know this. I
will tell you one thing we know for sure is
the last four years of border was left wide open.
Any and everybody was able to come through. Who knows
what they got into this country. I am a little
more concerned about China, to be honest with you, though,
and particularly with what we've seen with drawn attacks recently,
(15:53):
with how Israel was able to set up inside Iran,
and then Ukraine was able to set up inside Russia
and pull off these drawn attacks using these little sheds
and things like that. I'm a little more I'm actually
a lot more concerned with what is happening right now
with China trying to buy up all this farm land.
(16:13):
The Christy no, the Secretary Department of Homeland Security rush
to the hospital. We didn't have the answer. What happened. Well,
she had an allergic reaction to something. I'll talk about
that a little bit later on, but that's the point
of the news. It's coming at you so fast, and
when I was trying to tell people off here and
what I'll tell you is, just take a breath, folks.
If you need to take a breath, if you need
(16:33):
to turn it all off, I promise it'll all be
here when you come back at some point. I don't
want a lot of people that give you permission to
do that, but I'm just telling you if you're finding
that things are getting a little too much, or you're
starting to feel it, didn't just know, because it's never
my intention to get you so worked up that you
can't think clearly or see. Because some people want to
(16:54):
do that. We have a different design here. We want
you informed, we want you empowered you can make the
best decisions for you and your family. I'm not gonna hide,
stick my head in the sand or anything like that
and ignore the things that are happening. But I want
to mix in the good with all of that as well.
One of the things we wanted to do as well
is bring you the folks who know in the note
(17:15):
they've got away our good friend from Heartland Home Mortgage
here today again we got possibility. We're going to get
some news on the FED today, whether rates go up
or down or stay unchanged. We're going to talk about that,
but also mortgage rates and even more importantly, the you know,
the the home values and prices and are they going
to get more affordable? How's the housing market? What's all
(17:37):
of that look like? Dave, welcome in. We appreciate you
being here with us today.
Speaker 4 (17:41):
Thank you for having me. I thought the comments were
great in the chat.
Speaker 7 (17:44):
Like the way I'm sitting it kind of makes me
look like Mufasa with this thing in the background.
Speaker 4 (17:48):
Like great. I think I could probably get my hair
that if I tried hard enough. But yeah, I love it.
Speaker 2 (17:56):
For people not without watching that you're listening on the radio.
Dave's got some sort of like artwork or something behind him,
and it kind of looks like he's got a you've
got a big afro or something, which is hilarious. Yeah,
that's beautiful. Well, let's talk about it. Let's cut to
the chase, cut their hair, let's get into it. What
we're expected to hear from the Fed today? Is there
(18:18):
any change insight there?
Speaker 4 (18:22):
I really don't think so.
Speaker 7 (18:24):
From everything we're hearing, is they want to see the
unemployment numbers kind of continue to be where they are
or increase. They also don't feel that they've had a
long enough view of what the tariffs are doing to
endorse the raid drop. And quite honestly, my gut is
(18:46):
they're kind of playing a little kid's game with each other.
As Trump continues to attack Powell, I think he kind
of digs in his heels even harder. And it's unfortunate
because it's like they can play those games at the
cost of us.
Speaker 4 (19:00):
But obviously Trump once the once.
Speaker 7 (19:03):
The rates cut more so for his budget right, because
if they do just a minute cut in interest rates,
it makes the government's borrowing costs a lot less and
looks better on his budget. So I think we're in
kind of a middle of they don't feel they have
enough data and they're just kind of mad at him.
Speaker 4 (19:20):
Is how I kind of read the situation.
Speaker 2 (19:22):
Yeah, this is we gotta we gotta have cooler heads prevail.
We've gotta have adults in the room, and some of that,
particularly with this this FED, I think is is it
needs to come back around what do you what is
your like if you're running a FED, it it's Dave there, Uh,
that's the chair. What would you what would you do?
(19:43):
First of all, you might get a different picture and
image in your background there if you're running the FED.
But but what what would you do? Would you be
raising them? Would you be lowering them? Would you keep
them the same? What? What's your gut on this?
Speaker 7 (19:56):
I think after this last you know feed, fact they
got where the tariffs were not driving inflation up, I
think that would have been a pretty good indicator to say,
let's start taking a measured approach and dropping in the
straight slowly. I wouldn't have, you know, gone full board,
but I certainly would have looked into a quarter, if
not a half point cut after you got that data,
because that's what they use is an excuse. Right, Well,
(20:18):
we have these tariffs, so inflations are going to go higher,
and they didn't, and so that would be my approach.
And then if you see things go crazy, because the
thought is if they drop it too fast, and then
it's going to drive up prices in other areas because
people are going to spend. So but I think it
certainly would have merited a small drop at that time.
Speaker 2 (20:37):
Yeah, And I think you know the to that point.
I do think, you know, folks are looking for some
of that relief right now. We had big numbers come
out the last couple of days. What's that consumer sentiment?
What they saw spending down last month? We heard the
other day. But I'll tell you these months January, June, July,
(21:00):
and I know that was for May, but still these
are tough months for retail anyway. People are probably rethinking
a lot of things. I don't know if i've I
would be honest, like, I don't think i've felt the
pinture of the tariffs yet now I don't. I'm not
a business that's got to go get steel or something
from someplace, and I can't find it or get it.
I just haven't seen that personally in my life yet,
(21:24):
or you know, maybe the maybe the case is is
we've just seen inflation to the last four years through
the roof in such a way that, you know, if
I do see it, it just doesn't it doesn't register.
So I'm not seeing that. I understand a lot of it.
When we look at the markets, people are just there.
It's like a roller coaster rise psychological thing. They sort
(21:44):
of freak out watching that thing go up and down.
But we want to really talk about the real life,
everyday effects of this stuff, and one of those pieces
is home prices. Uh. So we got good numbers today.
In fact, this was really this was really good, and
it was blue collar. This is blue collar jobs. Listen
(22:06):
to this update under Trump, blue collar wages soaring at
the fastest rate since nineteen sixty nine. Now I had
to put some other news with this. What does that
do then? If the wages are going up, what is
that going to do for the cost of everything else.
Are we going to see the cost of things go
up as well along with those wages or are we
(22:31):
just seeing more people going back to work and that's
going to tie into home prices too, but I'll let
you hit that first.
Speaker 7 (22:37):
Well, Kent County for the month of May home prices
are up five point six percent, and I think for
twenty twenty five, the year to day average home sale
price in Kent County is three hundred and ninety four thousand,
So that's a big number of people that have been
in the area for quite a while. But I do
want to go back to what you were talking about
with the inflation and what people are spending. A couple
(22:59):
of huge numbers right now is we are at an
all time high for consumer debt. Okay, that's unsecured debt,
which credit cards, consumer loans, whatever.
Speaker 4 (23:07):
Maybe we're also.
Speaker 7 (23:08):
At a all time high for delinquencies on those debts.
So when you look at people's ability to spend, the
easiest way for them to stop extending credit cards to
you is to have some late payments, right, So I
don't I think that's something that's very unreported. You know,
a decrease in spending is probably related to the decrease
in credit extended because now you're going to linkuent on
(23:30):
those things, right, because the creditors are looking at that
saying Okay, when does that When does that cliff come?
And it absolutely blows up to where you're going to
have a lot of bankruptcies being filed, and you're seeing
a huge increase in bankruptcy filing. So yeah, I think
I think the blue collar wage growth is great, but
there's a bigger number that that's being ignored. The average
(23:51):
credit card interest rate right now is north of twenty percent.
So think about that number, north of twenty that's crazy.
And so yeah, when we talk about what's affecting the
spending right now, I think that's a huge part of
the people that normally might spend on a lot of things,
they may have the ability to do that because they're
not getting credit cards or their monthly payments are having to.
Speaker 4 (24:13):
Go just to cover that interest rate on that credit card.
You know.
Speaker 2 (24:17):
And one of the interesting things about this, and I'll
just tap into this is because of inflation, people probably
did go to their credit cards, so they did go
to you know, to try and make up and and
and so you kind of have this one thing on
top of it. You let's talk about the actual house
in the market here where we aren't I just anecdotal,
(24:41):
but I've seen a couple of homes for sale, actually
three in the last gosh, I guess it was probably
the last six months here in in my neighborhood, and
they sold like that, like super fast. So what what's
that housing? What's the market look like as far as
(25:03):
you know, how long homes are staying on the market,
what those prices look like, et cetera.
Speaker 7 (25:10):
Well, you're seeing once again a big Russian homes flying
off the market.
Speaker 4 (25:13):
In West Michigan.
Speaker 7 (25:15):
There's still a one month inventory in May of homes
on the market, which is very small.
Speaker 4 (25:20):
They're just not building enough homes in the area.
Speaker 7 (25:22):
And so yeah, I mean I have multiple buyers that
have been one of fifteen offers coming in on homes
that are you know, going over asking price. Not as
many cash offers now, but you still see people that
are able to find some cash to make their offer
look a little bit better. So yeah, there's there's big
demand and that's normal this time of year. You may
(25:44):
see it decrease a little bit as the summer progresses,
but yeah, I mean the demand there is still big.
The inventory is really low, especially when you look at
a national average. There are many areas bigger areas you
know on Florida, California, Arizona, a lot of those areas
they're seeing the prices coming down and the inventories wait,
(26:06):
you know, quite high, but yeah they're in West Michigan.
There's still just not enough homes being built and the
inventory is really low.
Speaker 2 (26:13):
That's going to keep prices high. So that's good for
you if you have a home because your values stay high, right,
But those first time home buyers, it makes it even
tougher on them.
Speaker 4 (26:24):
Yeah, the affordability is the big factor.
Speaker 7 (26:27):
Now. I know that that four hundred thousand dollars numbers
seems high, but once again you compare it to national average,
what you can get in West Michigan is still better
than what you get in a lot of areas, especially
when you look at square footage and everything. I know,
it's been there for twenty years. You look at us
in Boyd, it's just so expensive you can't get anything.
But people relocating from different areas where the post living
is a lot higher, it's still not a bad deal
(26:49):
that you can get there. And really, the mentality right
now is you know, if you can buy now, and
what do you think is going to happen to prices
when rates decrease. Right, I don't think prices in West
Michigan are going to decrease as rate decrease. So it's
still not a terrible time to buy. Do you pay
a bit of a premium because rates are higher? Sure,
but in a year from now, if values go up
another five to seven percent, you can always refinance and
(27:12):
not pay, you know, buy it at a lower price.
Speaker 2 (27:13):
Now, all right, so let's talk as one of the
big things that I heard. I know you can help
people in several different ways, whether they're looking to buyer
REFI home, equally mount of credit, maybe it's a reverse mortgage. People,
every single individual walks through the door. You got custom
solutions for folks hhmlending dot com by the way, but
da've got away with us. I heard you mentioned the
credit cards and a home equity line of credit. I
(27:35):
think is useful for us, So useful for a lot
of folks maybe to start shipping away at some of
that crazy high interest debt that they have that they've
been trying to just keep up with things. How does
that work and who can you help with that?
Speaker 7 (27:51):
Well, if you have equity in your home and you're
going huge in consumer debt. You could be looking at
that cliff and using that equity in your home to
help save That is a big deal.
Speaker 4 (28:01):
And I know somebody may say, well I got three percent.
I don't want to touch that. It's like, well, I
get that. But there may be a happy.
Speaker 7 (28:07):
Balance, whether it is a home equity loan to eliminate
other bills, because those bills could push you to the
point where once you miss a house payment, now you're
on the verge of losing the house in general and
the credit ramification. So it's always worth looking at least saying, Okay,
what could my equity do for me in a monthly basis.
I've never gone to the grocery store and bought groceries
with an interest rate.
Speaker 4 (28:26):
I've had to have cash for that, And so you
have to look at your monthly budget.
Speaker 7 (28:30):
Am I an advocate of saying hey, just go wipe
out your equity and just go buy things.
Speaker 4 (28:34):
No, of course not.
Speaker 7 (28:34):
But you know you have to address the situation you're
in right now, and if you're in that situation, you
should definitely be looking at your options saying, hey, what
would a cash out refinance.
Speaker 4 (28:44):
Do for me?
Speaker 7 (28:44):
Or a home equity line of credit due for me
from a monthly budget perspective.
Speaker 4 (28:48):
And then when raches drop, we can always look at
a refinance because they are going to drop.
Speaker 7 (28:53):
And I would love to put a hard line and
say six months guaranteed. I can't do that, but you
know they are going to get there, and so it's
it is waiting it out, and it's kind of surviving
on a month to month basis to get to that point.
Speaker 2 (29:07):
Some of us have interest rates so low we thank
to ourselves we may never sell our home, Dave. Those
are the ones that listen last Dame around and we've
been telling people, especially through that entire time, it's the
best time to buy, you know, and it was. It
was incredible, and we've got incredible interest rates to show
for a lot of us in that boat thanks to
the folks at Heartland Home Mortgage. You want to find
(29:30):
out more, you call them eight seven seven three five
h zero zero zero seven eight seven seven three five
oh zero zero zero seven. They are faster, better than
the big banks. If you were here in Michigan or
even in Florida. Are looking at places in Florida because
I see prices dropping down there and I want to
get into that right now. But I have a friend
who just bought a home down in Florida and they're
(29:53):
looking for the right time. You look at the find
the right people to work with Heartland Home Mortgage. Dave
got Away and the team are going to help you
get through there. We appreciate the latest stuff day, Dave.
You got to come back and give us another one
soon and we'll be watching the Fed today to see
what they do in the meantime. Thank you so much
for all.
Speaker 4 (30:09):
You English friend. Yeah, likewise, thanks, what are you doing?
Speaker 2 (30:12):
Thanks on President Trump's speaking right now.
Speaker 8 (30:14):
Great advice, but he's done a poor job. So we
have no inflation. We have only success and lets to
see interest rates get down now. Biden did a lot
of very short term debt, so we have short term
dead coming to and because of this guy's rates. You know,
if he'd lower the point, i'd pay about a point less.
(30:36):
Then if it'd lowered two points, I'd pay about the
two points less.
Speaker 3 (30:39):
And that's for ten.
Speaker 8 (30:40):
Years, twelve years, fifteen years, five years. Talking about interesting,
it's hundreds of millions, it's even trillions of dollars that
we're going to lose because of this too late that
got him too late pale because he's always too late.
I mean, if you look at him, every time I
did this, I was right one hundred percent, he was wrong.
Maybe I should go to the FED. Am I allowed
(31:01):
to point myself delG I don't know. Am I allowed
to appoint myself.
Speaker 3 (31:04):
At the FED?
Speaker 8 (31:04):
I do a much better job than these people. So anyway,
we should be two points lower. It would be nice
to be two and a half points lower. We'd be
saving eight hundred billion dollars seven hundred billion.
Speaker 2 (31:17):
There's a lot of money.
Speaker 8 (31:18):
Thank you for nothing, couple for absolutely nothing. We'd save
six seven eight hundred billion dollars we have. I think
we're thirty eighth now in interest, and we should be
number one. We should be the lowest. And by the way,
if he's worried about inflation, that's okay. I understand that.
Speaker 2 (31:36):
This is just an impromptu conversation. By the way, I'm
gonna hear more of this doing the after show. But
they're out there. They're installing the new flagpoles. The new
flagpoles are going up as we speak.
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