Ep. 72 - Navigating Financial Frontiers Amid Economic Uncertainty with Dan Habib
By popular demand, Dan Habib is back on the show, bringing his 18+ years of experience in the mortgage industry! Dan is a powerhouse honored with several awards and magazine publications and is currently the Chief Revenue Officer for MBS Highway—a platform designed to help educate mortgage professionals and make them experts. In this episode, we dive into the current economic landscape, exploring the Federal Reserve hikes and their impacts on consumers, banks, and mortgage rates. We explore long-duration bonds, debt ceilings, inflation reports, and interest rates. Is a recession on the way? Find out how to prepare.
Get invaluable insight on navigating our current financial frontiers and advice from THE expert in the mortgage industry—don't miss it!
[00:01 - 07:44] Dan Habib returns: MBS Highway and list reports merger
[07:45 - 12:28] How the Fed's historic aggressive rate hikes impact banks and mortgage rates
[12:29 - 19:44] Bond prices decrease, and rates increase— high-level explanation of how the Fed will make decisions based on PCE and Core CPI
[19:45 - 27:22] Mixed signals in the economy: unemployment, stock market booming, manufacturing in contraction, and an elusive 2% inflation target
[27:23 - 34:17] Recession looms as the Fed's rate hikes could lead to a credit crunch and bank crisis
[34:18 - 41:43] Shut out the negative media: home prices are appreciating despite higher rates and low inventory
[41:44 - 51:17] Fed rate hike could lead to recession: here's what to look out for and how to prepare
Quotes:
"Every battle is either won or lost before it's fought… What are you doing to win the battle with agents before it's fought?" - Dan Habib
"Now maybe we can return to fundamentals, and fundamentals would be: mortgage rates and the bond market on the long end, starting to follow the path of inflation." - Dan Habib
"I don't think the Fed's going to get down to their 2% target unless you get a really good recession. You get some kind of crisis that happens.” - Dan Habib
“The Fed, regarding their monetary policy, they’re not skating to where the puck is going to be; they’re not skating to where the puck is, even, they’re skating to where the puck was.” - Dan Habib
"Don't listen to the negative media out there. I think that there's an opportunity to be had there, even though it could be a little bit contrarian." - Dan Habib
"Demographics is destiny." - Dan Habib
"The news is not your friend… Social media is not your friend. And you've got to learn and take things into account for yourself to make your own decisions." - Quinton Harris
Resources Mentioned:
Connect with Dan on. Find out even more about the legend himself over on Instagram. For market insights solutions for residential mortgage and real estate professionals, check out https://www.highway.ai/.
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