Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Lordy Black continure listen to welcome home so much Guardy
you Safety's paint. I'm Larry Freaks ten Adam's in here
with you this Saturday morning. Glad to have you tuned
in to us. The bank is opening to day from
nine to one. Phone number here at Hamburg eight five
nine eight nine nine six South and drives eight five
nine two sixty three three three three five. So if
you can hear, you can call us. Be glad to
(00:28):
help us whatever your needs are. And uh, right now, Tim,
I think that uh what the uh? The back half
of this week's been fairly busy for me, with people
feeling confident to get some stuff going, and the market
is starting to work a little bit in our favor,
with the bond market. The first reaction after the election
was the bonds jumped up and the stock market took off.
(00:50):
And now the stock market is still doing good and
the bond market is starting to work back in our favors.
So people with confidence in the in the economy, and
the comments by the Fed yesday where they were able
to speak freely and tell a little bit more about
what's been going on, why they did do it earlier?
I don't have a clue since they're not elected officials anyway.
But anyway, they made a lot of positive comments that
helped as well, and some of some of the things
(01:12):
we've been pondering on as to what the issues were anyway.
But anyhow, it's all the public records, all the information
that you can see. You can go back and look
a pal speech and take out of it what you
want to and the question and answer sessions. So it's
all it's like the UH market's gonna get busy for
us headed into the wintertime here.
Speaker 2 (01:34):
Well, say what you will, but the election has influenced
the markets, as.
Speaker 3 (01:40):
You have lamented to.
Speaker 1 (01:43):
And uh, you know, I think, you know, the top.
Speaker 2 (01:46):
Five reasons that Americans really went to the polls to
make a difference was inflation, you know, borders. But if
you want to talk about inflation, you're talking about grocery,
you're talking about game asked, you're talking about mortgages, and
I think that those are the you know, the main
the top five mortgages are up there in the top five. Now,
(02:09):
I'm not sure how he will achieve lower rates, but
he is part of his you know, as part of
a new president elect's plan. He knows that we've got
a lower rates to create a buzz in the real
estate industry, right, Larry, Well.
Speaker 1 (02:25):
He didn't have anything to do with it, really, but his.
Speaker 2 (02:30):
You believe in Santa Claus too, Right, No, I don't.
But then Bna, Larry, because it wheels a big stick,
and he does have influence, and it's been discussed online.
Speaker 3 (02:42):
I've been I've been.
Speaker 2 (02:43):
Tracking the conversation about that particular issue, and it doesn't
happen very often, but it can happen, and there's a
lot of reasons why I believe that he will make
it happen.
Speaker 1 (02:58):
Well, he's going to do in his can with his
economic policy, but it's not like he's going to be
able to come out and poke the mayor and make
everything happen overnight. Is what I was trying to say,
that not overnight, he.
Speaker 2 (03:08):
Can personally make it happen. Jerome Powell is appointed by
President Trump.
Speaker 1 (03:13):
And we won't get political today.
Speaker 2 (03:15):
But they've been very impartial in leading up to the election.
So I do think that our president can get a
bug in Jerome Pal's ere. He knows how important lowering
the cost of our everyday living expenses gas groceries, mortgages
is a big one.
Speaker 3 (03:35):
It's right out there.
Speaker 2 (03:36):
I think it's going to be one of the most
urgent challenges when he takes over, when he'll.
Speaker 1 (03:43):
Have the support of most of the people, and I
know that his policies are going to get in right
with the people and make things happen. So there was
some information I was going to tell you that kind
of is a little bit of the history and when
the changes come over. But let me let me see
if I can find it here online. Tim. I thought
it was pretty helpful. I can find it here. But anyhow,
(04:03):
you know, yeah, I think that people that's just information. Larry, Yeah,
I just have to be patient, let things unfold here
and we'll go from there and trying. It's Wednesday when
it came out, and I saw some comments here that
I thought were relevant to the situation to stare. But
the bond market is what you know, is what the
is the direct tie to the cost of these rates.
(04:27):
And they jumped up immediately, and there was a good
excuses to one. It was because of Trump, And I'm
trying to at the end.
Speaker 2 (04:35):
Of the day, when the Federal Reserve announces a cut,
they mean the fed fund rate.
Speaker 3 (04:41):
That's not mortgage rates.
Speaker 2 (04:42):
So they did they did lower the index point twenty
five this week. That that bodes well for other forms
of credit and.
Speaker 1 (04:49):
We hope hopefully it will have an effect.
Speaker 2 (04:52):
On thirty year fixed rate mortgages. Larry, But that's all,
Like you said, it's gonna take a little bit. It's
going to take some time for for but you know,
just to digest the election and by the time he
can get in there and start implements maybe some of
his policies, I don't know, but you know, we are
all hoping.
Speaker 3 (05:12):
That we will have a refinanced boom in the next year.
Speaker 1 (05:16):
Yeah, this is what it said. Was it says the
election went smoothie. That's good news, not a reason to
voter one way or another. Bad news is elections ultra
hurting bonds. That this was on Wednesday. The Trump administration,
especially with the forty House and Senate, are viewed as
pro economic growth. Pro growth is seen as inflationary. Inflation
is the intermarry bonds. Also, prosperous businesses are on the
(05:36):
basis of a.
Speaker 3 (05:36):
Strong star markets.
Speaker 1 (05:37):
The bonds are getting the one two punch on Wednesday
as pressure inflates as pressure fears inflated the reaction from
the election. So and then yesterday it came out see
where's it a here? And it was talked about some
(05:59):
of the other information that came out the lead jerk
reaction camp yesterday's market to give themselves a gold star.
The market started coming back in the afternoon on Wednesday.
Bonds are now back to the levels they were prior
to the election. The Fed announcement this afternoon, which happened,
they lowered a quarter of a percentage. This is some
information that came out yesterday at ten that I thought
was interesting. I know that you read this too, and
(06:22):
this was just some information that was an fyi and
you reached. First time home buyer today has reached thirty
eight years old. That's up three years from twenty twenty three.
On top of that, at the average age for all
home buyers is fifty six years old, up a walking
seven years from last year. Both these signs are all times.
Is it because the crushing student loan dead or many
younger people have these days, or is the cost of
(06:43):
living overall. Another interesting stat is that seventy three percent
of home buyers this year had no children under the
age of eighteen at home. Wait thinking about that.
Speaker 3 (06:54):
You know, it is what it is.
Speaker 2 (06:58):
But you know stock market Danish probably afternoon at.
Speaker 1 (07:02):
Forty four, you know, up another very hundred points.
Speaker 3 (07:05):
So I wish we could have it both ways because.
Speaker 2 (07:09):
I know my four oh one has made great improvement
just in the past week. You know, Elon Musk made
eighteen million dollars over this election because Tesla was stalk
went through the route.
Speaker 1 (07:22):
But anyway, this is this is what this one says
about the FED cut yesterday. It says the cut came
in a union. It's approval with Notice center. It's more
importantly drone Pound made some very smart statements and response
to questions in the press conference. He pulled it out
there where there's a there's an artificial lag and rents
coming down. He knew that the monthly inflationary numbers coming
off the yearly average over the next few months are
(07:44):
very low, so they're not gonna be much wronger inflation
average the next few months reports better. He said, they're
not looking at the twelve month average, but also with
the just the twelve month overage, but with the six
month and three month trends. What they're showing these are
really good at the fence looking forward, even though the
information is hindsight. He purposely made no comments on the election,
(08:05):
which I agree with. So you know, the bonds are
gonna get better and there's just you know, positive comments
coming out all over. So you know all of those
people that are you know, gonna be having an influence
on it. The President John Powell, you know, our investors,
that's what's gonna dictate what's going on. So you know,
people that have been in the market and been him
(08:26):
hauling around are gonna you know, now as the rates
come down, there's gonna be more qualified buyers out here
to compete with. And that's good and that's bad, but
you know there's gonna be you can get me some
changes going on hopefully. You know, it's it's for better
of us and yelp, your stocks and our stocks are
you know, can you can't have it both ways. It's
the stocks are getting good and the bonds are getting bad,
(08:48):
or the bonds are getting good and the stocks are
being less. So you know, just got to write it
out and see what happens in the long haul. But
another thing is these rates come down. If you've got
something above seven percent, you know you need to give
it's a call. We're still gonna have some of the
littlest closing costs in and around I have been and
always have been. We just got different ways of doing that.
And also, you know, we can talk a little bit
(09:09):
more about that five and a half percent we've got
right now today for first time home buars. There are
some guidelines of falling place with that, but Aaron O'Brien
talked about it last week. Tim. I've had a couple
of people that I had in the pipeline that were,
you know, struggling with what their payment was going to
be on the house. They liked anyway, but when we
could get them five and a half percent on this
new home bar program, first time home bar program, it's
(09:32):
worked out great for him. So I had some people
call about the show last night. Scottie over at Tipsy
Cow was listening to us and he had that going on,
and Joey Doom talked to him about some insurance this week.
He's listening to the show on a regular basis. All
kinds of you know, all kinds of stuff out here
going on that I'm excited to be a part of.
(09:55):
And a lot of people out here chatting with us
that we like to see and hear from. So it's
all good man.
Speaker 3 (10:03):
Well you know, it's a yo yo right now.
Speaker 2 (10:05):
They want to say that, you know, they just came
out with an employment number. It was very you know,
the Shawnee Shawnty object looked great. Whether they come back
and revise that or are those still holiday workers were
hiring to work for the Christmas season and they won't
(10:28):
have a job.
Speaker 3 (10:29):
So I don't know.
Speaker 2 (10:30):
I don't really believe these the jobs added these days,
because Larry, don't they always come back and do a
revision of what they used to.
Speaker 1 (10:37):
They haven't this year for quite a while because they
kept trying to promote the fact that Connie was doing
so great when really we couldn't see signs of it.
You and I know that. And finally, earlier this summer
the BLS where Bureau of Labor Statistics said that they
had overestimated jobs over eight hundred thousand and they had
you know, that was eight hundred thousand jobs. They said
that we had everybody thought that everything was going good,
(10:57):
that we didn't have, you know, and they said it
was because they were understaffed. Overwork and just didn't have
time to put the numbers together correctly. And they finally
admitted that because you and our sitting round scratcher had
going what is going on? These The stuff that we
grew up on learning and kind of gauging the interest
in the temperture of the market, and we're pretty good
at doing had all gone out the window as far
as you know, integrity of numbers and making those adjustments
(11:20):
and being transparent with the stuff we were seeing. And
you know that's why the communists by Pale were so
good to hear, because he had been kind of lockjawed
on a lot of stuff that he couldn't really say
what was going on. The people that kind of watched
this and monitor like you and I do that that's
our heartbeat. Man. We got our finger right on there,
checking the pulse regularly, and we couldn't figure out nothing.
(11:42):
We thought we was dead.
Speaker 3 (11:45):
Well anyhow, you.
Speaker 2 (11:46):
Know, it never came up in the before the election,
but when you look at we had one of our
nation's biggest bank failures that nobody talks about, the Silicon
Valley Bank disaster.
Speaker 1 (11:59):
Take that time. We're gonna have to take a commercial
break right here. Ten. I know exactly what you're about
to talk about. Hey, if you're listen Welcome Home Show,
We're open to day from nine to one. Phone numbers
eight five, nine, eighty nine, nine one, nine three six.
That's here in Hamburg. We're gonna be right back for
Tim Adams. I'm Larry Fraik. You listen to Welcome Home
Show by News on News Radio six thirty No you
a hey back, listen Welcome Home Show by Guardian Savings Bank.
(12:21):
Very phrasing. Tim Adams with you this Saturday morning. Glad
to have you tuned into US. Bank is open to
day from nine to one. The phone number is eight
five nine, eight nine, nine one nine three six South
then drives eight five nine two six three three three
three five. So if you can hear as you can
call us. We appreciate you tuning in to us. We
talked a little bit about some of the stuff that's
happened at the end of this week after the election,
(12:41):
and some things are already starting unfold that we think
could be in our favor. We've just got to be patient,
let it unwined here and see what happens. If you
want to continue shopping, please do if you want to
lock something, we'll help you. If you want to be
patient a little bit, see what happens. That's we're fine
with that too. But the phone is ringing. There's some
moving and shaking going on out here. Don't miss the
boat on it. One thing again, I want to bring up.
(13:04):
This is the h five and a half percent first
time home buy our funds that we have available. If
you're interested in trying to sort that out, we'd be
glad to talk to you about that. I talked about
it last week with Aaron O'Brien our loan off Sobert Southland,
and learned a lot about it to the conversation, and
I've been able to get a couple of people into
some homes this past week since that conversation, as a
matter of fact, and we're moving forward on that five
(13:26):
and a half percent thirty yere fixed one. So I'm
excited about that. But Tim, you were talking about one
of the one of the disasters that happened in this
economy with Silicon Valley Bank, and you don't hear a
whole lot about it, but you know, there's a lot
of changes that have gone on. There's a lot of
businesses have gone on. There a lot of things that
have changed and a lot of things that are going
to continue to change. But that was a travesty.
Speaker 2 (13:50):
Yeah, but I don's that's r crossing the line of
political issue for me, so I don't really like to
voice any political views on our show. But uh, at
the end of the day, you know that a large
part of that bank failure and it is one of
the biggest uh second to Silverado back in the probably
(14:13):
the eighties. Have to do some more research on that
at a later day, but it was big and uh
it was all really unfortunately green driven, and it was
you know, going out on a limb on some of
these these green policies and energy uh initiatives.
Speaker 3 (14:32):
That went bankrupt.
Speaker 2 (14:34):
On top of that, they were holding a lot of
the federal reserves treasuries and I don't get me started,
but that that caused panic, and it caused uh, you know,
a cash call at the bank and they the taxpayers
had to bail them out. You don't hear a lot
about it, but it's not positive.
Speaker 3 (14:51):
It's a negative thing that happened in in this economy.
Speaker 2 (14:55):
But you got to wonder, you know, where the common
sense comes in to jump on.
Speaker 3 (15:01):
Board of all these green initiatives.
Speaker 1 (15:03):
Well, one of the one of my clients this week,
you know, she was telling me that at Toyota right now,
they're kind of on standby because they were planning to
build all the electric SUVs in the United States right
here in Georgetown. Now they don't know, they know, Trump's
not a big fan of that, but now what are
they gonna do. And a lot of companies, all these
car companies, was losing money, afraid they were gonna go broke,
trying to beat the guidelines set forth on all this
green energy stuff. Anyway, we're still together. There still is,
(15:30):
and it's and it's you know, I understand wanting to
be proactive in all of those different things, but you just,
you know, it's just gonna be it's just such gonna
be an undertaking that you know, people are going to
suffer through it. But you know, it's all about the
money for some people, you know. And uh, you know,
I just wonder how it's gonna hurt the big battery
making facility they were gonna do here in Kentucky that
the governor said was going to you know, promote you know,
(15:51):
all kinds of different jobs and so on and so forth.
But all of this stuff changes with each administration, and
we know that, you know, we got four years to
see what happens here with Trump and that's gonna unfold
for us, and then we'll vote again, and then we'll
just have to deal with four years of whoever we
get and hopefully it's somebody that's you know, can keep
us on track with a good plan and everything and
go from there. You know, it's the same thing is
people got that and voted. You know, the the election
(16:13):
is what it is. We'll get a new president in
January and and and and continue to you know, hopefully
you know, have the economy go in the right direction
and then go from there. But anyway, I'm I'm I'm
glad that their overall confidence that I feel and the
information I'm getting seems to be in a positive note
(16:34):
with the way the election turned out. And that was
always a question. Tuesday night, I was tossing and turning
all week like a six year old on Christmas Eve,
you know, all night I couldn't get to sleep, and
I was like, well, you know, this is either you know,
you know, I don't you don't know how it's gonna
turn out. I just hope it's it's right for everybody,
and and it's going to be, you know, I guess
the people spoken. We'll see what happens and move forward.
(16:55):
That's right.
Speaker 2 (16:56):
And you've seen all his commentary with a broad brush
and why people voted the way they did, and I'll
put it to your blunt and simple in my and
what in my opinion is that this was a desperation
though by Americans overall. And I mean by that is
that there are people out there that are hungry and broke.
Speaker 1 (17:18):
I know, and there's a lot of subj administration in
with medicals, some costs and some of that stuff, but
the daily lives of people is what's most important. And
people living day to day and check the check and
week to week. And now we can hopefully get some
direction and make it easier for those people. But anyway,
we're gonna take a break. You listen Welcome Home Show
by Guardian Savings Bank Banks over Today from nine to one.
So numbers eight five, nine, eight nine nine nine three
(17:40):
six South and Drives eighty five nine two six three
three three three five. If you can heers, you can
call us. Listen Welcome Home Show by Guardian Savings Bank
on news.
Speaker 2 (17:48):
Radio Cold Well, Here we go, Wild Dads, w and
Lady Kay Bank.
Speaker 1 (17:53):
Listening to Welcome Home Show by Guardian Savings Bank. Larry Breaks,
Tim Adams in here this Saturday morning. Glad to have
you tuned this to us. Bank is opening from nine
to one. So numbers eight five, nine, eight six South
and drives eight five nine two sixty three three three
three five. So if you can hear what, you can
call us once. You can give us a call. We
had a long last week. We're talking about five and
a half percent on a thirty year fix first time
(18:15):
home of our program, and we've got some of that
money left. If you want to see if you can
qualify for it, if we can help you with it.
I have had a couple of people this week get qualified,
getn't it? So you know we can talk to you
about that, try to put something together if you like,
just give us a call see what we can do that.
Other than that, we were just talk a little bit
about the bond market, some of the actions that are
(18:37):
going on after the election and some of the information
we've got and hopefully uh some of the positive information.
We feel like we're seeing and hearing that, uh, you know,
we'll continue and the rates will come down and the
market will pick up. Then our loan volume will continue
to climb. Tim.
Speaker 2 (18:54):
I think it's inevitable, as I've discussed many times on
the show about builders across the country and Bett counties.
You know, obviously every region of the country is different.
There's no one size fits all across the country. And
a lot of the builders have you know, they've aggressively
built in some parts of Texas and South Carolina and
(19:19):
Nevada and they have inventory they can't move because the
rates are at seven percent again. So I think that
the common sense once again will prevail and we realize
that we need to lower rates to move this inventory
in this case and help these builders out in parts
of the country where they have you know, they listen
(19:42):
to the government to say build, build, build.
Speaker 3 (19:44):
And they did, and now they can't sell sale.
Speaker 1 (19:46):
Salarry, Yeah, and we just put you again, and we
want to be able to help you at the local level,
right and we want you to be local by local
and state local. Give us a call to Bank eight five,
Nini and let's get this stuff in Central Lucky that
you're after for a new home. If you want to
build something, we do those loans. But yes, Tim, there's
some houses out here in different parts of the country
(20:07):
that people can't seem to get rid of. And the
buying power that helped me this week with that five
and a half percent thirty year fixed half. A couple
of people that you know, at six point eight seventy five,
the payments out of range. You know, that's just not
where it needs to be. You'd lower the rate to
five and a half. They qualify for the program. It
makes the home affordable to them, and in the payment
in line was somewhere what they were expecting, you know,
(20:29):
So well, I'll tell you. I'll tell you that something
else that had happened to me, Tim, with all this
crazy economy stuff. I had my ass grows at the
bank obviously, and got to notice my ask grow is
off by you know, a little over one thousand dollars.
I'm like, what's going on? So I get my tax
bill out. It was actually a little less. This year.
My homeowner's insurance went up nine hundred bucks with Liberty Mutual,
and I was like, what in the world. Hadn't made
(20:50):
a claim, haven't done anything. I've been talking about it
on the radio forever that everybody's prices, you know, everybody's
going to get a hit by it. And didn't pay
attention to my own busy doing this other stuff, you know,
and all of a sudden they're going, hey, there, your
f girl's gonna change because your bill's off. And so anyway,
I can go back to my man, Joey Doom, and
he was a liberty mutual when I got it, and
now I've got to go and now I've got a
(21:11):
you know, an eight hundred dollars lower quotes and where
I was at, and I don't change my home own
your homes insurance as well. But I mean, just all
of those things. It's not just buying groceries. It is
mainly buying groceries and living day to day for ninety
eight percent of the population. But the you know, just
stuff like your insurance, all kinds of different costs wind
up jumping, you know, dramatically during the last four years,
(21:34):
and you know, it's just hit me right blind. Yeah,
I didn't blind something I've been talking about for a while.
I knew what it was when I got it, but
first they were like your taxes jumped I was like no,
and uh, I got to looking and actually they'd gone
down just a hair not much, a couple hundred bucks
maybe for some reason, but the homeowners insurance shot up,
so everybody wanted to get their bill out and check
(21:55):
on that. And Joey Doom is still in business and
he can help you because he just helped me. But
thirteen hundred dollars savings. So it's a it's a crazy
world out here's all kinds of things changing.
Speaker 2 (22:07):
Well, on top of that, you know, our property taxes
have continued to be on the rise, and that's what
you're talking about. We service our own loan, so we
get some of those calls where the customers.
Speaker 1 (22:18):
Like, well, what happen about payment?
Speaker 2 (22:20):
Well, your taxes when a year behind, and you know,
there's a formula for what we have to do once
we're noted by that your property tax bill has changed.
And that's a good thing about guarding because I get
calls all the time and I can and I can
personally handle it because I'm going to send you.
Speaker 3 (22:37):
My tax bill perfect.
Speaker 2 (22:39):
I'll forward it right up to the ESTRO department so
that we can put it in your file. And therefore
he just purchased the home and wanted to make sure
the first time that.
Speaker 3 (22:48):
We did have the tax bill, and.
Speaker 1 (22:52):
I got off the subject there, you know about I've
had the same thing. I've had several people reach out
to me with their tax bills and I'll just tell
them send it to me, and I send them right
up to Texas at Guardian Savings Bank dot com and
they'll get him in there and get them taken care
of form or if they get them and you know,
they Guardian sends out a self addressed THEMLOPE back to
them so when they get him in the mail, they
can send them in. So that's the thing about being local,
(23:14):
staying local and buying local, and don't get online and
call that number for Guardian Savings Bank. Yeah, it's our family,
but call the local number eight five nine eight nine
nine nine three six if you call that number. What
we're learning is tim somebody up there is going to
take that phone call and try to take care of
you from you know, one hundred miles up the road.
And why they don't send them back down here to us,
we haven't figured that out yet, but you know, just
(23:36):
give us a call at the local level. We'll take
care of you. We can still get you fill out
most of your stuff online if that's convenient for you.
The security's there. We can do all those things now.
But a lot of people get in no Google Guardian,
then they'll call that number and then that's that's it.
They're going to wind up dealing with somebody up there
that's not you know, living in this area or doing anything.
(23:57):
And Guardian wants the business and wants the loans, but
we wunt your business and we want to be your
family member and your ties and ears in the industry
at this level. And and so just give us a
call eight five nine, And I just want to keep
that in mind, and that's five and a half percent
first time home buyer program. Tim is is legit. I mean,
(24:18):
it's it's a good loan and we need to talk
about that more and get more people interested in it
that want to get in the home buyer market.
Speaker 3 (24:27):
Okay, let's let's touch on this, Larry.
Speaker 2 (24:29):
I know there's a lot of people out there, but
they do pay attention to what's going on behind the scenes,
and they are you know a lot of people think
that when the Fed Federals are lowers, the bead fun
righted automatically goes some mores, which it doesn't. But you're
if you're sitting there and you may have purchased a
home at eight you know, we still know there's some
(24:50):
hesitancy to do a.
Speaker 3 (24:52):
Refib because they think they're going to go lower. They
think they're going to go lower, and you know, I
think they're going to go lower.
Speaker 2 (24:58):
I mean, I truly believe that. But you know, burden
hands better in term of the bush. But uh, I
just my point is keep your eyes open, listeners, because
you're going to have a chance to refinance your mortgage,
hopefully within the next six months.
Speaker 1 (25:16):
Yeah or less. And the thing about it is just
like you said, Tim, I mean, if you can go
from eight percent to six and three quarters or six
and a half, you're not going to refinance the hiring
amount ever. So you just want to be on the
low down, you know, and be in the loop so
that you can make the decisions you need to and
we'll help you do that. And I think that if we,
you know, we keep working stuff right, the closing cost
(25:38):
on these things should wind up being you know, in
much better shape and not as low as they were.
If we've got the right amount of equity and we've
got the right credit score, Tim, we should be able
to do a rate and term refinance for around nine
hundred and fifty eight bucks. I think is what it
is now, isn't It includes the appraisal and everything to
put your loan together. Everything but es grows. So if
(25:59):
you've got to hire amount of equity or or not
as much equity, your credit score is a little lower.
They had those delivery fees that can help you, that
could not help you, but it cost you a little
bit of money. But you know, just keep that in mind.
But if you're in the eighth high sevens and you
can get down to the sixes, let's get it. You know,
if you want to wait a little bit, keep paying
that higher rate, go ahead, and if they don't change,
(26:20):
I mean, if you do it now, pay for six months.
We do it again in six months and you're out.
You have two grand and closing costs, but you're saving
four thousand dollars a year and payments. When does the
rubber meet the road? You know, one of them things
we got to try to pull together and stay on
top of so and we can't.
Speaker 2 (26:37):
And we've talked about going ahead. You know, even though
racier are a little higher than you want them to be,
the longer you wake them out of.
Speaker 3 (26:46):
That house, the more expensive it is going to be
on that end.
Speaker 2 (26:48):
So I'm talking amount of buyers right now, and I'm saying, hey, buyer,
you know, I thought you locked me in at six
and a half And this was one I locked in
forty five days ago at six and a half, and
he his credit score had dropped for some reason, and
he was getting some delivery fees. And what I'm talking
about is a buy down or you're really buying up.
(27:11):
So he's buying up the rate to six point six
two five, and that's covering some.
Speaker 3 (27:16):
Of those upfront fees that he's not going to pay.
Speaker 1 (27:18):
So that means he's.
Speaker 2 (27:19):
Incrementally paying that delivery fee in the rate over time
because he truly believes he can refinancial in the next
twelve months, and.
Speaker 1 (27:27):
If he's in the right tax mode, he can write
off all the interest he pays on his mortgages run anyway, So.
Speaker 2 (27:32):
By you know, I might be uh, my opinion would
be to buy up and so you don't have to
pay the lump some delivery fees. In fact, if you're
exposed to delivery fees. Buy up the rate a little
bit because you know we're going to do something with
you in the next you know, within the next twelve
months to two years.
Speaker 1 (27:51):
I just thoroughly believe that I do too, And I
think that's not a bad philosophy at all. If you
can get people that will, you know, listen and have
a little bit of understanding and you can, you can
do it, and a lot of people do. Some people,
you know, get confused and lose track of what the
big picture is. I just had a great conversation with
a client earlier today who has got some stuff going on,
(28:14):
and I was, you know, great in the conversation. You
look for a home eppy line of credit actually and
we do them. And I don't know that I can
do what she needs done, so I'll refer to you
or common up credit, UNI and whatever. We'll make sure
she gets the right deal like we always do. But
her game plan for this whole deal, as we were
talking on what she has planned out over the next
thirty six months, it's not as quick as she wanted
(28:35):
to get started on it. But yeah, I told her,
I said, hey, you're lucky because all the stuff you
wanted to do would have been totally affected by what's
going on the economy now anyway, and moving forward, if
it goes like we think it's, it's the perfect time
to start executing this plan. And it's all timing, having
an open mind, listen to some people, you know, which
you and I think are. We're not experts, but we're
(28:56):
pretty darn good at what we do and paying attention
to what's going on and what's going on around us.
Just like I told her, I said, I'm not going
to refer you to somebody I wouldn't trust her, you know,
I wouldn't ask you to do anything I wouldn't consider myself.
That's the way we like to operate a new business,
you know, And that's why we want you to do
business with us. Getting our family, and she is already
in our family. She got three percent raight on her
first mortgage. She got at the right time, so cash
(29:17):
out reefinense for what she wants to do doesn't make
any sense. That's when a home equally line of credit
came out. So you know, there's just all kinds of
different things that happen in people's lives and stuff to ten.
They've got to have people like you and I and
Alex and Jamie and Aaron, all the people that they
can trust and call and deal. Somebody's going to sell
your loan. You don't know who's got it, where it's at,
or you know when you can have access to it,
(29:40):
you know, uh information, So we're just a phone call away.
Speaker 2 (29:45):
Unfortunately, I'm getting a lot of calls worry about what
to do about credit card debt and your home is
your last line of defense. And unfortunately, as we've discussed,
credit card debt has jumped up up to one point
five tree and the last us all. And you know,
(30:05):
I worry of you know, I worry of like a
like a father, I wore about his son.
Speaker 1 (30:09):
I worry about.
Speaker 2 (30:10):
People that are have can continue to use a credit
card for day to day living expenses. And it looks
what that's the main I think Greg here when you think, yeah,
it is, and.
Speaker 1 (30:22):
And it's really people are working two or three jobs
that doesn't take any consideration in the job count sometimes
and then you know the cost of living, and what
happens is it takes too long for people to adjust
when things start to tighten up and things become more.
It takes you a little bit to say, hey, I
can't take that trip. I can't we can't go on
to vacation this year. And the first thing that goes
up is fuel costs. And when people quit spending money
(30:44):
in the restaurants and doing that stuff at the local
level because they got to buy fuel, they start eating
at home. I mean, it's just it's just a big,
big circle of vicious circle. Bay, We're gonna take another break.
You are listening to Welcome Home Show by Guardian Savings Bank,
opening to day from nine to one on numbers eighty five, nine,
eight nine, nine one nine three six South and Drive
eight five nine two sixty three three three three five.
(31:05):
You can hear, you can call us. You bet a
listened up The Home Show by Guardian Savings Bank on
News Radio six thirty. We'll be right that your back
listens to go up The Home Show by Guardian Savings Bank.
Glad breaks him in. Adam's in here this Saturday morning.
We're glad to have you tuned into us. Can'ts play
this afternoon at four o'clock against Buck Now three game
will be about one thirty football team gets another week
(31:27):
off and hopefully they can get back on track. I'll
be honest, they surprised me a little bit. Tennessee played
a little better than what I've thought. I thought they
kind of laid down, So I'm I'm glad they kind
of stuck it out and got together and put together
a good showing. So that was nice to see. You
enjoyed watching the Bengals in the Ravens game and end
like we wanted to. But I loved the effort. You'll
(31:49):
for a two pointer to try to win it. It
wasn't going for the tie on the road at all.
Just went several fourth downs and went after it. So
it's fun time of the year. Got basketball football, I guess,
uh of different stuff going on. So uh five and
a half percent on a thirty year fix on the
Kentucky Housing Program. First time home buyer, if you're in
the market and you fit those guidelines, if you want
(32:10):
to give us a call eight five nine eight nine
nine nine three six, we could take a look and
see what we can get done for you. But uh,
I think rates are going to get better and continue
to be in favor for lower pricing on PAMOUS so
gives the call, let us see if we can put
something together for you and uh see what we can
get done. What else is going on this weekend? Tim,
(32:31):
anything good? Any fundraisers or anything going on around town?
Speaker 3 (32:34):
No, I'm not not anything I can think of this weekend.
Speaker 2 (32:39):
Pretty you know the Breeders Cup last weekend, that was great,
always great for the Breeders Cup, for the you know,
local economy. Really everybody bets on the Breeders Cup.
Speaker 1 (32:51):
Anyway, Cat, you're all.
Speaker 2 (32:53):
Cat's not playing football. And probably some soccer out there
at the new Soccer Center a interstate.
Speaker 1 (33:00):
Yeah that's a nice little lady. Yeah, nice little facility
they got going on there.
Speaker 3 (33:06):
Yep, very nice.
Speaker 1 (33:07):
Yeah, I was gonna substance. Who else was it I
talked to that heard the radio show Asie Scotty Williams
up in Georgetown. He has the Tipsy Cow's a good friend.
He's listening to show. Said he learned a lot. Talked
to a few other people, and I said, I'll tell
you a shout out. One was Joey doom for was
my insurance guy. Talked to several clients this week, so
I can't remember who all had had listened who had
(33:27):
but we've got our regulars out there, Denny Humphrey and
Marty Kluff and a lot of those folk. Fete gross,
they're right in there listening to us. We appreciate that.
And then it stopped and had some lunch over p
D's Mongolian Grill. This week, I'd see them people. That's
a good little place to get out and meat. I
can't remember tow I was gonna tell it, call somebody,
(33:48):
I can't think of it right now. Back to my
week here a little bit.
Speaker 2 (33:53):
If somebody told me a long ago that we would
have been on the air over seventeen years with the
w L A big family, and I say, where you're crazy?
Speaker 1 (34:03):
Yeah, me too, And you know what this you know,
it's it's it's kind of good that now that you
said that, that you know we're we're building relationships, personal
relationship with our clients here. When I say be local,
bilocal and stay local. A lot of the calls I've
had the last several days are from clients I've had
for many years here. Just like you said, seventeen years
on the radio show. But that's how long we've had
some of these clients. And I should have known when
(34:24):
some of the older ones and the wiser ones started
calling with you know, just prior to the election, Hey,
what's going on with this? What's going like? What do
you think is gonna happen? Blah blah blah. I'm thinking
about doing this. They already got an idea something's up,
and if it goes the way that they think, they
are ready to make some you know, make some moves
financially and investing. Not that you know, we're just doing
real estate only, but you know, I appreciate that, but
we're building long term relationships. And and the phone call
(34:48):
had today from the girl that's you know, got some
stuff she's getting ready to do and and planing and
and want to execute. I mean, calling for advice just
means a lot, you know, and I know you get
a lot of it, Tim, And we take pride and
you've been a part of the Guardian family and being
you know, in our circle of business partners. And that's
what we are.
Speaker 2 (35:07):
If this ever end, we want to keep this time
slot and we're gonna be her up here.
Speaker 1 (35:10):
Wake up, America. We're gonna get off her. We'll be
back next Saturday. We hope you've enjoyed the show, Tim,
and I'll do it every Saturday. We'll keep telling you
the news and giving it to you about like McKay.
We'll try to get Aaron back on here. That was
fun having her. But we appreciate you tuning in to us,
listening to us, and you'll hope you the Cats will
have another good win tonight and we'll continue to cheer
on Hope and that little crew he's got, and football
(35:32):
will be getting healthy and ready to roll again after
this weekend. They're week off, so we hope you have
a good weekend, get out and enjoy it. UH be
safe and we'll be back next Saturday. Banks open to
day from nine to one. Phone numbers eight five, nine,
eight nine, nine one nine three six South and Drives
eight five nine two six three three three three five.
If you can hear, if you can call us for
Tim Adams, I'm very Franks. You can listen Welcome Home
(35:54):
Show by Guardian Savings Bank on News Radio six point
thirty right here on w LAB. Be back next Saturday
and I have a great weekend.
Lordy Black continure listen to welcome home so much Guardy
you Safety's paint. I'm Larry Freaks ten Adam's in here
with you this Saturday morning. Glad to have you tuned
in to us. The bank is opening to day from
nine to one. Phone number here at Hamburg eight five
nine eight nine nine six South and drives eight five
nine two sixty three three three three five. So if
you can hear, you can call us. Be glad to
(00:28):
help us whatever your needs are. And uh, right now, Tim,
I think that uh what the uh? The back half
of this week's been fairly busy for me, with people
feeling confident to get some stuff going, and the market
is starting to work a little bit in our favor,
with the bond market. The first reaction after the election
was the bonds jumped up and the stock market took off.
(00:50):
And now the stock market is still doing good and
the bond market is starting to work back in our favors.
So people with confidence in the in the economy, and
the comments by the Fed yesday where they were able
to speak freely and tell a little bit more about
what's been going on, why they did do it earlier?
I don't have a clue since they're not elected officials anyway.
But anyway, they made a lot of positive comments that
helped as well, and some of some of the things
(01:12):
we've been pondering on as to what the issues were anyway.
But anyhow, it's all the public records, all the information
that you can see. You can go back and look
a pal speech and take out of it what you
want to and the question and answer sessions. So it's
all it's like the UH market's gonna get busy for
us headed into the wintertime here.
Speaker 2 (01:34):
Well, say what you will, but the election has influenced
the markets, as.
Speaker 3 (01:40):
You have lamented to.
Speaker 1 (01:43):
And uh, you know, I think, you know, the top.
Speaker 2 (01:46):
Five reasons that Americans really went to the polls to
make a difference was inflation, you know, borders. But if
you want to talk about inflation, you're talking about grocery,
you're talking about game asked, you're talking about mortgages, and
I think that those are the you know, the main
the top five mortgages are up there in the top five. Now,
(02:09):
I'm not sure how he will achieve lower rates, but
he is part of his you know, as part of
a new president elect's plan. He knows that we've got
a lower rates to create a buzz in the real
estate industry, right, Larry, Well.
Speaker 1 (02:25):
He didn't have anything to do with it, really, but his.
Speaker 2 (02:30):
You believe in Santa Claus too, Right, No, I don't.
But then Bna, Larry, because it wheels a big stick,
and he does have influence, and it's been discussed online.
Speaker 3 (02:42):
I've been I've been.
Speaker 2 (02:43):
Tracking the conversation about that particular issue, and it doesn't
happen very often, but it can happen, and there's a
lot of reasons why I believe that he will make
it happen.
Speaker 1 (02:58):
Well, he's going to do in his can with his
economic policy, but it's not like he's going to be
able to come out and poke the mayor and make
everything happen overnight. Is what I was trying to say,
that not overnight, he.
Speaker 2 (03:08):
Can personally make it happen. Jerome Powell is appointed by
President Trump.
Speaker 1 (03:13):
And we won't get political today.
Speaker 2 (03:15):
But they've been very impartial in leading up to the election.
So I do think that our president can get a
bug in Jerome Pal's ere. He knows how important lowering
the cost of our everyday living expenses gas groceries, mortgages
is a big one.
Speaker 3 (03:35):
It's right out there.
Speaker 2 (03:36):
I think it's going to be one of the most
urgent challenges when he takes over, when he'll.
Speaker 1 (03:43):
Have the support of most of the people, and I
know that his policies are going to get in right
with the people and make things happen. So there was
some information I was going to tell you that kind
of is a little bit of the history and when
the changes come over. But let me let me see
if I can find it here online. Tim. I thought
it was pretty helpful. I can find it here. But anyhow,
(04:03):
you know, yeah, I think that people that's just information. Larry, Yeah,
I just have to be patient, let things unfold here
and we'll go from there and trying. It's Wednesday when
it came out, and I saw some comments here that
I thought were relevant to the situation to stare. But
the bond market is what you know, is what the
is the direct tie to the cost of these rates.
(04:27):
And they jumped up immediately, and there was a good
excuses to one. It was because of Trump, And I'm
trying to at the end.
Speaker 2 (04:35):
Of the day, when the Federal Reserve announces a cut,
they mean the fed fund rate.
Speaker 3 (04:41):
That's not mortgage rates.
Speaker 2 (04:42):
So they did they did lower the index point twenty
five this week. That that bodes well for other forms
of credit and.
Speaker 1 (04:49):
We hope hopefully it will have an effect.
Speaker 2 (04:52):
On thirty year fixed rate mortgages. Larry, But that's all,
Like you said, it's gonna take a little bit. It's
going to take some time for for but you know,
just to digest the election and by the time he
can get in there and start implements maybe some of
his policies, I don't know, but you know, we are
all hoping.
Speaker 3 (05:12):
That we will have a refinanced boom in the next year.
Speaker 1 (05:16):
Yeah, this is what it said. Was it says the
election went smoothie. That's good news, not a reason to
voter one way or another. Bad news is elections ultra
hurting bonds. That this was on Wednesday. The Trump administration,
especially with the forty House and Senate, are viewed as
pro economic growth. Pro growth is seen as inflationary. Inflation
is the intermarry bonds. Also, prosperous businesses are on the
(05:36):
basis of a.
Speaker 3 (05:36):
Strong star markets.
Speaker 1 (05:37):
The bonds are getting the one two punch on Wednesday
as pressure inflates as pressure fears inflated the reaction from
the election. So and then yesterday it came out see
where's it a here? And it was talked about some
(05:59):
of the other information that came out the lead jerk
reaction camp yesterday's market to give themselves a gold star.
The market started coming back in the afternoon on Wednesday.
Bonds are now back to the levels they were prior
to the election. The Fed announcement this afternoon, which happened,
they lowered a quarter of a percentage. This is some
information that came out yesterday at ten that I thought
was interesting. I know that you read this too, and
(06:22):
this was just some information that was an fyi and
you reached. First time home buyer today has reached thirty
eight years old. That's up three years from twenty twenty three.
On top of that, at the average age for all
home buyers is fifty six years old, up a walking
seven years from last year. Both these signs are all times.
Is it because the crushing student loan dead or many
younger people have these days, or is the cost of
(06:43):
living overall. Another interesting stat is that seventy three percent
of home buyers this year had no children under the
age of eighteen at home. Wait thinking about that.
Speaker 3 (06:54):
You know, it is what it is.
Speaker 2 (06:58):
But you know stock market Danish probably afternoon at.
Speaker 1 (07:02):
Forty four, you know, up another very hundred points.
Speaker 3 (07:05):
So I wish we could have it both ways because.
Speaker 2 (07:09):
I know my four oh one has made great improvement
just in the past week. You know, Elon Musk made
eighteen million dollars over this election because Tesla was stalk
went through the route.
Speaker 1 (07:22):
But anyway, this is this is what this one says
about the FED cut yesterday. It says the cut came
in a union. It's approval with Notice center. It's more
importantly drone Pound made some very smart statements and response
to questions in the press conference. He pulled it out
there where there's a there's an artificial lag and rents
coming down. He knew that the monthly inflationary numbers coming
off the yearly average over the next few months are
(07:44):
very low, so they're not gonna be much wronger inflation
average the next few months reports better. He said, they're
not looking at the twelve month average, but also with
the just the twelve month overage, but with the six
month and three month trends. What they're showing these are
really good at the fence looking forward, even though the
information is hindsight. He purposely made no comments on the election,
(08:05):
which I agree with. So you know, the bonds are
gonna get better and there's just you know, positive comments
coming out all over. So you know all of those
people that are you know, gonna be having an influence
on it. The President John Powell, you know, our investors,
that's what's gonna dictate what's going on. So you know,
people that have been in the market and been him
(08:26):
hauling around are gonna you know, now as the rates
come down, there's gonna be more qualified buyers out here
to compete with. And that's good and that's bad, but
you know there's gonna be you can get me some
changes going on hopefully. You know, it's it's for better
of us and yelp, your stocks and our stocks are
you know, can you can't have it both ways. It's
the stocks are getting good and the bonds are getting bad,
(08:48):
or the bonds are getting good and the stocks are
being less. So you know, just got to write it
out and see what happens in the long haul. But
another thing is these rates come down. If you've got
something above seven percent, you know you need to give
it's a call. We're still gonna have some of the
littlest closing costs in and around I have been and
always have been. We just got different ways of doing that.
And also, you know, we can talk a little bit
(09:09):
more about that five and a half percent we've got
right now today for first time home buars. There are
some guidelines of falling place with that, but Aaron O'Brien
talked about it last week. Tim. I've had a couple
of people that I had in the pipeline that were,
you know, struggling with what their payment was going to
be on the house. They liked anyway, but when we
could get them five and a half percent on this
new home bar program, first time home bar program, it's
(09:32):
worked out great for him. So I had some people
call about the show last night. Scottie over at Tipsy
Cow was listening to us and he had that going on,
and Joey Doom talked to him about some insurance this week.
He's listening to the show on a regular basis. All
kinds of you know, all kinds of stuff out here
going on that I'm excited to be a part of.
(09:55):
And a lot of people out here chatting with us
that we like to see and hear from. So it's
all good man.
Speaker 3 (10:03):
Well you know, it's a yo yo right now.
Speaker 2 (10:05):
They want to say that, you know, they just came
out with an employment number. It was very you know,
the Shawnee Shawnty object looked great. Whether they come back
and revise that or are those still holiday workers were
hiring to work for the Christmas season and they won't
(10:28):
have a job.
Speaker 3 (10:29):
So I don't know.
Speaker 2 (10:30):
I don't really believe these the jobs added these days,
because Larry, don't they always come back and do a
revision of what they used to.
Speaker 1 (10:37):
They haven't this year for quite a while because they
kept trying to promote the fact that Connie was doing
so great when really we couldn't see signs of it.
You and I know that. And finally, earlier this summer
the BLS where Bureau of Labor Statistics said that they
had overestimated jobs over eight hundred thousand and they had
you know, that was eight hundred thousand jobs. They said
that we had everybody thought that everything was going good,
(10:57):
that we didn't have, you know, and they said it
was because they were understaffed. Overwork and just didn't have
time to put the numbers together correctly. And they finally
admitted that because you and our sitting round scratcher had
going what is going on? These The stuff that we
grew up on learning and kind of gauging the interest
in the temperture of the market, and we're pretty good
at doing had all gone out the window as far
as you know, integrity of numbers and making those adjustments
(11:20):
and being transparent with the stuff we were seeing. And
you know that's why the communists by Pale were so
good to hear, because he had been kind of lockjawed
on a lot of stuff that he couldn't really say
what was going on. The people that kind of watched
this and monitor like you and I do that that's
our heartbeat. Man. We got our finger right on there,
checking the pulse regularly, and we couldn't figure out nothing.
(11:42):
We thought we was dead.
Speaker 3 (11:45):
Well anyhow, you.
Speaker 2 (11:46):
Know, it never came up in the before the election,
but when you look at we had one of our
nation's biggest bank failures that nobody talks about, the Silicon
Valley Bank disaster.
Speaker 1 (11:59):
Take that time. We're gonna have to take a commercial
break right here. Ten. I know exactly what you're about
to talk about. Hey, if you're listen Welcome Home Show,
We're open to day from nine to one. Phone numbers
eight five, nine, eighty nine, nine one, nine three six.
That's here in Hamburg. We're gonna be right back for
Tim Adams. I'm Larry Fraik. You listen to Welcome Home
Show by News on News Radio six thirty No you
a hey back, listen Welcome Home Show by Guardian Savings Bank.
(12:21):
Very phrasing. Tim Adams with you this Saturday morning. Glad
to have you tuned into US. Bank is open to
day from nine to one. The phone number is eight
five nine, eight nine, nine one nine three six South
then drives eight five nine two six three three three
three five. So if you can hear as you can
call us. We appreciate you tuning in to us. We
talked a little bit about some of the stuff that's
happened at the end of this week after the election,
(12:41):
and some things are already starting unfold that we think
could be in our favor. We've just got to be patient,
let it unwined here and see what happens. If you
want to continue shopping, please do if you want to
lock something, we'll help you. If you want to be
patient a little bit, see what happens. That's we're fine
with that too. But the phone is ringing. There's some
moving and shaking going on out here. Don't miss the
boat on it. One thing again, I want to bring up.
(13:04):
This is the h five and a half percent first
time home buy our funds that we have available. If
you're interested in trying to sort that out, we'd be
glad to talk to you about that. I talked about
it last week with Aaron O'Brien our loan off Sobert Southland,
and learned a lot about it to the conversation, and
I've been able to get a couple of people into
some homes this past week since that conversation, as a
matter of fact, and we're moving forward on that five
(13:26):
and a half percent thirty yere fixed one. So I'm
excited about that. But Tim, you were talking about one
of the one of the disasters that happened in this
economy with Silicon Valley Bank, and you don't hear a
whole lot about it, but you know, there's a lot
of changes that have gone on. There's a lot of
businesses have gone on. There a lot of things that
have changed and a lot of things that are going
to continue to change. But that was a travesty.
Speaker 2 (13:50):
Yeah, but I don's that's r crossing the line of
political issue for me, so I don't really like to
voice any political views on our show. But uh, at
the end of the day, you know that a large
part of that bank failure and it is one of
the biggest uh second to Silverado back in the probably
(14:13):
the eighties. Have to do some more research on that
at a later day, but it was big and uh
it was all really unfortunately green driven, and it was
you know, going out on a limb on some of
these these green policies and energy uh initiatives.
Speaker 3 (14:32):
That went bankrupt.
Speaker 2 (14:34):
On top of that, they were holding a lot of
the federal reserves treasuries and I don't get me started,
but that that caused panic, and it caused uh, you know,
a cash call at the bank and they the taxpayers
had to bail them out. You don't hear a lot
about it, but it's not positive.
Speaker 3 (14:51):
It's a negative thing that happened in in this economy.
Speaker 2 (14:55):
But you got to wonder, you know, where the common
sense comes in to jump on.
Speaker 3 (15:01):
Board of all these green initiatives.
Speaker 1 (15:03):
Well, one of the one of my clients this week,
you know, she was telling me that at Toyota right now,
they're kind of on standby because they were planning to
build all the electric SUVs in the United States right
here in Georgetown. Now they don't know, they know, Trump's
not a big fan of that, but now what are
they gonna do. And a lot of companies, all these
car companies, was losing money, afraid they were gonna go broke,
trying to beat the guidelines set forth on all this
green energy stuff. Anyway, we're still together. There still is,
(15:30):
and it's and it's you know, I understand wanting to
be proactive in all of those different things, but you just,
you know, it's just gonna be it's just such gonna
be an undertaking that you know, people are going to
suffer through it. But you know, it's all about the
money for some people, you know. And uh, you know,
I just wonder how it's gonna hurt the big battery
making facility they were gonna do here in Kentucky that
the governor said was going to you know, promote you know,
(15:51):
all kinds of different jobs and so on and so forth.
But all of this stuff changes with each administration, and
we know that, you know, we got four years to
see what happens here with Trump and that's gonna unfold
for us, and then we'll vote again, and then we'll
just have to deal with four years of whoever we
get and hopefully it's somebody that's you know, can keep
us on track with a good plan and everything and
go from there. You know, it's the same thing is
people got that and voted. You know, the the election
(16:13):
is what it is. We'll get a new president in
January and and and and continue to you know, hopefully
you know, have the economy go in the right direction
and then go from there. But anyway, I'm I'm I'm
glad that their overall confidence that I feel and the
information I'm getting seems to be in a positive note
(16:34):
with the way the election turned out. And that was
always a question. Tuesday night, I was tossing and turning
all week like a six year old on Christmas Eve,
you know, all night I couldn't get to sleep, and
I was like, well, you know, this is either you know,
you know, I don't you don't know how it's gonna
turn out. I just hope it's it's right for everybody,
and and it's going to be, you know, I guess
the people spoken. We'll see what happens and move forward.
(16:55):
That's right.
Speaker 2 (16:56):
And you've seen all his commentary with a broad brush
and why people voted the way they did, and I'll
put it to your blunt and simple in my and
what in my opinion is that this was a desperation
though by Americans overall. And I mean by that is
that there are people out there that are hungry and broke.
Speaker 1 (17:18):
I know, and there's a lot of subj administration in
with medicals, some costs and some of that stuff, but
the daily lives of people is what's most important. And
people living day to day and check the check and
week to week. And now we can hopefully get some
direction and make it easier for those people. But anyway,
we're gonna take a break. You listen Welcome Home Show
by Guardian Savings Bank Banks over Today from nine to one.
So numbers eight five, nine, eight nine nine nine three
(17:40):
six South and Drives eighty five nine two six three
three three three five. If you can heers, you can
call us. Listen Welcome Home Show by Guardian Savings Bank
on news.
Speaker 2 (17:48):
Radio Cold Well, Here we go, Wild Dads, w and
Lady Kay Bank.
Speaker 1 (17:53):
Listening to Welcome Home Show by Guardian Savings Bank. Larry Breaks,
Tim Adams in here this Saturday morning. Glad to have
you tuned this to us. Bank is opening from nine
to one. So numbers eight five, nine, eight six South
and drives eight five nine two sixty three three three
three five. So if you can hear what, you can
call us once. You can give us a call. We
had a long last week. We're talking about five and
a half percent on a thirty year fix first time
(18:15):
home of our program, and we've got some of that
money left. If you want to see if you can
qualify for it, if we can help you with it.
I have had a couple of people this week get qualified,
getn't it? So you know we can talk to you
about that, try to put something together if you like,
just give us a call see what we can do that.
Other than that, we were just talk a little bit
about the bond market, some of the actions that are
(18:37):
going on after the election and some of the information
we've got and hopefully uh some of the positive information.
We feel like we're seeing and hearing that, uh, you know,
we'll continue and the rates will come down and the
market will pick up. Then our loan volume will continue
to climb. Tim.
Speaker 2 (18:54):
I think it's inevitable, as I've discussed many times on
the show about builders across the country and Bett counties.
You know, obviously every region of the country is different.
There's no one size fits all across the country. And
a lot of the builders have you know, they've aggressively
built in some parts of Texas and South Carolina and
(19:19):
Nevada and they have inventory they can't move because the
rates are at seven percent again. So I think that
the common sense once again will prevail and we realize
that we need to lower rates to move this inventory
in this case and help these builders out in parts
of the country where they have you know, they listen
(19:42):
to the government to say build, build, build.
Speaker 3 (19:44):
And they did, and now they can't sell sale.
Speaker 1 (19:46):
Salarry, Yeah, and we just put you again, and we
want to be able to help you at the local level,
right and we want you to be local by local
and state local. Give us a call to Bank eight five,
Nini and let's get this stuff in Central Lucky that
you're after for a new home. If you want to
build something, we do those loans. But yes, Tim, there's
some houses out here in different parts of the country
(20:07):
that people can't seem to get rid of. And the
buying power that helped me this week with that five
and a half percent thirty year fixed half. A couple
of people that you know, at six point eight seventy five,
the payments out of range. You know, that's just not
where it needs to be. You'd lower the rate to
five and a half. They qualify for the program. It
makes the home affordable to them, and in the payment
in line was somewhere what they were expecting, you know,
(20:29):
So well, I'll tell you. I'll tell you that something
else that had happened to me, Tim, with all this
crazy economy stuff. I had my ass grows at the
bank obviously, and got to notice my ask grow is
off by you know, a little over one thousand dollars.
I'm like, what's going on? So I get my tax
bill out. It was actually a little less. This year.
My homeowner's insurance went up nine hundred bucks with Liberty Mutual,
and I was like, what in the world. Hadn't made
(20:50):
a claim, haven't done anything. I've been talking about it
on the radio forever that everybody's prices, you know, everybody's
going to get a hit by it. And didn't pay
attention to my own busy doing this other stuff, you know,
and all of a sudden they're going, hey, there, your
f girl's gonna change because your bill's off. And so anyway,
I can go back to my man, Joey Doom, and
he was a liberty mutual when I got it, and
now I've got to go and now I've got a
(21:11):
you know, an eight hundred dollars lower quotes and where
I was at, and I don't change my home own
your homes insurance as well. But I mean, just all
of those things. It's not just buying groceries. It is
mainly buying groceries and living day to day for ninety
eight percent of the population. But the you know, just
stuff like your insurance, all kinds of different costs wind
up jumping, you know, dramatically during the last four years,
(21:34):
and you know, it's just hit me right blind. Yeah,
I didn't blind something I've been talking about for a while.
I knew what it was when I got it, but
first they were like your taxes jumped I was like no,
and uh, I got to looking and actually they'd gone
down just a hair not much, a couple hundred bucks
maybe for some reason, but the homeowners insurance shot up,
so everybody wanted to get their bill out and check
(21:55):
on that. And Joey Doom is still in business and
he can help you because he just helped me. But
thirteen hundred dollars savings. So it's a it's a crazy
world out here's all kinds of things changing.
Speaker 2 (22:07):
Well, on top of that, you know, our property taxes
have continued to be on the rise, and that's what
you're talking about. We service our own loan, so we
get some of those calls where the customers.
Speaker 1 (22:18):
Like, well, what happen about payment?
Speaker 2 (22:20):
Well, your taxes when a year behind, and you know,
there's a formula for what we have to do once
we're noted by that your property tax bill has changed.
And that's a good thing about guarding because I get
calls all the time and I can and I can
personally handle it because I'm going to send you.
Speaker 3 (22:37):
My tax bill perfect.
Speaker 2 (22:39):
I'll forward it right up to the ESTRO department so
that we can put it in your file. And therefore
he just purchased the home and wanted to make sure
the first time that.
Speaker 3 (22:48):
We did have the tax bill, and.
Speaker 1 (22:52):
I got off the subject there, you know about I've
had the same thing. I've had several people reach out
to me with their tax bills and I'll just tell
them send it to me, and I send them right
up to Texas at Guardian Savings Bank dot com and
they'll get him in there and get them taken care
of form or if they get them and you know,
they Guardian sends out a self addressed THEMLOPE back to
them so when they get him in the mail, they
can send them in. So that's the thing about being local,
(23:14):
staying local and buying local, and don't get online and
call that number for Guardian Savings Bank. Yeah, it's our family,
but call the local number eight five nine eight nine
nine nine three six if you call that number. What
we're learning is tim somebody up there is going to
take that phone call and try to take care of
you from you know, one hundred miles up the road.
And why they don't send them back down here to us,
we haven't figured that out yet, but you know, just
(23:36):
give us a call at the local level. We'll take
care of you. We can still get you fill out
most of your stuff online if that's convenient for you.
The security's there. We can do all those things now.
But a lot of people get in no Google Guardian,
then they'll call that number and then that's that's it.
They're going to wind up dealing with somebody up there
that's not you know, living in this area or doing anything.
(23:57):
And Guardian wants the business and wants the loans, but
we wunt your business and we want to be your
family member and your ties and ears in the industry
at this level. And and so just give us a
call eight five nine, And I just want to keep
that in mind, and that's five and a half percent
first time home buyer program. Tim is is legit. I mean,
(24:18):
it's it's a good loan and we need to talk
about that more and get more people interested in it
that want to get in the home buyer market.
Speaker 3 (24:27):
Okay, let's let's touch on this, Larry.
Speaker 2 (24:29):
I know there's a lot of people out there, but
they do pay attention to what's going on behind the scenes,
and they are you know a lot of people think
that when the Fed Federals are lowers, the bead fun
righted automatically goes some mores, which it doesn't. But you're
if you're sitting there and you may have purchased a
home at eight you know, we still know there's some
(24:50):
hesitancy to do a.
Speaker 3 (24:52):
Refib because they think they're going to go lower. They
think they're going to go lower, and you know, I
think they're going to go lower.
Speaker 2 (24:58):
I mean, I truly believe that. But you know, burden
hands better in term of the bush. But uh, I
just my point is keep your eyes open, listeners, because
you're going to have a chance to refinance your mortgage,
hopefully within the next six months.
Speaker 1 (25:16):
Yeah or less. And the thing about it is just
like you said, Tim, I mean, if you can go
from eight percent to six and three quarters or six
and a half, you're not going to refinance the hiring
amount ever. So you just want to be on the
low down, you know, and be in the loop so
that you can make the decisions you need to and
we'll help you do that. And I think that if we,
you know, we keep working stuff right, the closing cost
(25:38):
on these things should wind up being you know, in
much better shape and not as low as they were.
If we've got the right amount of equity and we've
got the right credit score, Tim, we should be able
to do a rate and term refinance for around nine
hundred and fifty eight bucks. I think is what it
is now, isn't It includes the appraisal and everything to
put your loan together. Everything but es grows. So if
(25:59):
you've got to hire amount of equity or or not
as much equity, your credit score is a little lower.
They had those delivery fees that can help you, that
could not help you, but it cost you a little
bit of money. But you know, just keep that in mind.
But if you're in the eighth high sevens and you
can get down to the sixes, let's get it. You know,
if you want to wait a little bit, keep paying
that higher rate, go ahead, and if they don't change,
(26:20):
I mean, if you do it now, pay for six months.
We do it again in six months and you're out.
You have two grand and closing costs, but you're saving
four thousand dollars a year and payments. When does the
rubber meet the road? You know, one of them things
we got to try to pull together and stay on
top of so and we can't.
Speaker 2 (26:37):
And we've talked about going ahead. You know, even though
racier are a little higher than you want them to be,
the longer you wake them out of.
Speaker 3 (26:46):
That house, the more expensive it is going to be
on that end.
Speaker 2 (26:48):
So I'm talking amount of buyers right now, and I'm saying, hey, buyer,
you know, I thought you locked me in at six
and a half And this was one I locked in
forty five days ago at six and a half, and
he his credit score had dropped for some reason, and
he was getting some delivery fees. And what I'm talking
about is a buy down or you're really buying up.
(27:11):
So he's buying up the rate to six point six
two five, and that's covering some.
Speaker 3 (27:16):
Of those upfront fees that he's not going to pay.
Speaker 1 (27:18):
So that means he's.
Speaker 2 (27:19):
Incrementally paying that delivery fee in the rate over time
because he truly believes he can refinancial in the next
twelve months, and.
Speaker 1 (27:27):
If he's in the right tax mode, he can write
off all the interest he pays on his mortgages run anyway, So.
Speaker 2 (27:32):
By you know, I might be uh, my opinion would
be to buy up and so you don't have to
pay the lump some delivery fees. In fact, if you're
exposed to delivery fees. Buy up the rate a little
bit because you know we're going to do something with
you in the next you know, within the next twelve
months to two years.
Speaker 1 (27:51):
I just thoroughly believe that I do too, And I
think that's not a bad philosophy at all. If you
can get people that will, you know, listen and have
a little bit of understanding and you can, you can
do it, and a lot of people do. Some people,
you know, get confused and lose track of what the
big picture is. I just had a great conversation with
a client earlier today who has got some stuff going on,
(28:14):
and I was, you know, great in the conversation. You
look for a home eppy line of credit actually and
we do them. And I don't know that I can
do what she needs done, so I'll refer to you
or common up credit, UNI and whatever. We'll make sure
she gets the right deal like we always do. But
her game plan for this whole deal, as we were
talking on what she has planned out over the next
thirty six months, it's not as quick as she wanted
(28:35):
to get started on it. But yeah, I told her,
I said, hey, you're lucky because all the stuff you
wanted to do would have been totally affected by what's
going on the economy now anyway, and moving forward, if
it goes like we think it's, it's the perfect time
to start executing this plan. And it's all timing, having
an open mind, listen to some people, you know, which
you and I think are. We're not experts, but we're
(28:56):
pretty darn good at what we do and paying attention
to what's going on and what's going on around us.
Just like I told her, I said, I'm not going
to refer you to somebody I wouldn't trust her, you know,
I wouldn't ask you to do anything I wouldn't consider myself.
That's the way we like to operate a new business,
you know, And that's why we want you to do
business with us. Getting our family, and she is already
in our family. She got three percent raight on her
first mortgage. She got at the right time, so cash
(29:17):
out reefinense for what she wants to do doesn't make
any sense. That's when a home equally line of credit
came out. So you know, there's just all kinds of
different things that happen in people's lives and stuff to ten.
They've got to have people like you and I and
Alex and Jamie and Aaron, all the people that they
can trust and call and deal. Somebody's going to sell
your loan. You don't know who's got it, where it's at,
or you know when you can have access to it,
(29:40):
you know, uh information, So we're just a phone call away.
Speaker 2 (29:45):
Unfortunately, I'm getting a lot of calls worry about what
to do about credit card debt and your home is
your last line of defense. And unfortunately, as we've discussed,
credit card debt has jumped up up to one point
five tree and the last us all. And you know,
(30:05):
I worry of you know, I worry of like a
like a father, I wore about his son.
Speaker 1 (30:09):
I worry about.
Speaker 2 (30:10):
People that are have can continue to use a credit
card for day to day living expenses. And it looks
what that's the main I think Greg here when you think, yeah,
it is, and.
Speaker 1 (30:22):
And it's really people are working two or three jobs
that doesn't take any consideration in the job count sometimes
and then you know the cost of living, and what
happens is it takes too long for people to adjust
when things start to tighten up and things become more.
It takes you a little bit to say, hey, I
can't take that trip. I can't we can't go on
to vacation this year. And the first thing that goes
up is fuel costs. And when people quit spending money
(30:44):
in the restaurants and doing that stuff at the local
level because they got to buy fuel, they start eating
at home. I mean, it's just it's just a big,
big circle of vicious circle. Bay, We're gonna take another break.
You are listening to Welcome Home Show by Guardian Savings Bank,
opening to day from nine to one on numbers eighty five, nine,
eight nine, nine one nine three six South and Drive
eight five nine two sixty three three three three five.
(31:05):
You can hear, you can call us. You bet a
listened up The Home Show by Guardian Savings Bank on
News Radio six thirty. We'll be right that your back
listens to go up The Home Show by Guardian Savings Bank.
Glad breaks him in. Adam's in here this Saturday morning.
We're glad to have you tuned into us. Can'ts play
this afternoon at four o'clock against Buck Now three game
will be about one thirty football team gets another week
(31:27):
off and hopefully they can get back on track. I'll
be honest, they surprised me a little bit. Tennessee played
a little better than what I've thought. I thought they
kind of laid down, So I'm I'm glad they kind
of stuck it out and got together and put together
a good showing. So that was nice to see. You
enjoyed watching the Bengals in the Ravens game and end
like we wanted to. But I loved the effort. You'll
(31:49):
for a two pointer to try to win it. It
wasn't going for the tie on the road at all.
Just went several fourth downs and went after it. So
it's fun time of the year. Got basketball football, I guess,
uh of different stuff going on. So uh five and
a half percent on a thirty year fix on the
Kentucky Housing Program. First time home buyer, if you're in
the market and you fit those guidelines, if you want
(32:10):
to give us a call eight five nine eight nine
nine nine three six, we could take a look and
see what we can get done for you. But uh,
I think rates are going to get better and continue
to be in favor for lower pricing on PAMOUS so
gives the call, let us see if we can put
something together for you and uh see what we can
get done. What else is going on this weekend? Tim,
(32:31):
anything good? Any fundraisers or anything going on around town?
Speaker 3 (32:34):
No, I'm not not anything I can think of this weekend.
Speaker 2 (32:39):
Pretty you know the Breeders Cup last weekend, that was great,
always great for the Breeders Cup, for the you know,
local economy. Really everybody bets on the Breeders Cup.
Speaker 1 (32:51):
Anyway, Cat, you're all.
Speaker 2 (32:53):
Cat's not playing football. And probably some soccer out there
at the new Soccer Center a interstate.
Speaker 1 (33:00):
Yeah that's a nice little lady. Yeah, nice little facility
they got going on there.
Speaker 3 (33:06):
Yep, very nice.
Speaker 1 (33:07):
Yeah, I was gonna substance. Who else was it I
talked to that heard the radio show Asie Scotty Williams
up in Georgetown. He has the Tipsy Cow's a good friend.
He's listening to show. Said he learned a lot. Talked
to a few other people, and I said, I'll tell
you a shout out. One was Joey doom for was
my insurance guy. Talked to several clients this week, so
I can't remember who all had had listened who had
(33:27):
but we've got our regulars out there, Denny Humphrey and
Marty Kluff and a lot of those folk. Fete gross,
they're right in there listening to us. We appreciate that.
And then it stopped and had some lunch over p
D's Mongolian Grill. This week, I'd see them people. That's
a good little place to get out and meat. I
can't remember tow I was gonna tell it, call somebody,
(33:48):
I can't think of it right now. Back to my
week here a little bit.
Speaker 2 (33:53):
If somebody told me a long ago that we would
have been on the air over seventeen years with the
w L A big family, and I say, where you're crazy?
Speaker 1 (34:03):
Yeah, me too, And you know what this you know,
it's it's it's kind of good that now that you
said that, that you know we're we're building relationships, personal
relationship with our clients here. When I say be local,
bilocal and stay local. A lot of the calls I've
had the last several days are from clients I've had
for many years here. Just like you said, seventeen years
on the radio show. But that's how long we've had
some of these clients. And I should have known when
(34:24):
some of the older ones and the wiser ones started
calling with you know, just prior to the election, Hey,
what's going on with this? What's going like? What do
you think is gonna happen? Blah blah blah. I'm thinking
about doing this. They already got an idea something's up,
and if it goes the way that they think, they
are ready to make some you know, make some moves
financially and investing. Not that you know, we're just doing
real estate only, but you know, I appreciate that, but
we're building long term relationships. And and the phone call
(34:48):
had today from the girl that's you know, got some
stuff she's getting ready to do and and planing and
and want to execute. I mean, calling for advice just
means a lot, you know, and I know you get
a lot of it, Tim, And we take pride and
you've been a part of the Guardian family and being
you know, in our circle of business partners. And that's
what we are.
Speaker 2 (35:07):
If this ever end, we want to keep this time
slot and we're gonna be her up here.
Speaker 1 (35:10):
Wake up, America. We're gonna get off her. We'll be
back next Saturday. We hope you've enjoyed the show, Tim,
and I'll do it every Saturday. We'll keep telling you
the news and giving it to you about like McKay.
We'll try to get Aaron back on here. That was
fun having her. But we appreciate you tuning in to us,
listening to us, and you'll hope you the Cats will
have another good win tonight and we'll continue to cheer
on Hope and that little crew he's got, and football
(35:32):
will be getting healthy and ready to roll again after
this weekend. They're week off, so we hope you have
a good weekend, get out and enjoy it. UH be
safe and we'll be back next Saturday. Banks open to
day from nine to one. Phone numbers eight five, nine,
eight nine, nine one nine three six South and Drives
eight five nine two six three three three three five.
If you can hear, if you can call us for
Tim Adams, I'm very Franks. You can listen Welcome Home
(35:54):
Show by Guardian Savings Bank on News Radio six point
thirty right here on w LAB. Be back next Saturday
and I have a great weekend.
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