What's going on, everyone. Welcome to Real Talk, Real Estate. This is Mortgage Monday. I'm joined with Christian Bachelor, the broker owner and my partner in the one brokerage. We're kicking butt and taking names. We're here to talk to you guys about what the government shutdown might mean for the mortgage industry. Christian, how are you today?

Pretty good. It's funny because probably by the time people are listening to this, maybe it'll be back

open depending on how long it takes.

But definitely I think it's important to address the elephant in the room of government shut down last night. So we're recording this October 1st. We got the news that, you know, budget was not agreed upon and we are officially in government shutdown. Yes, sir. This is a very interesting time to be in finance, whether it's strangling our own economy

by increasing interest rates and having a hard time getting people to go back to work.

The tariff situation, now a government shutdown in between all of the talks of wars that are

going on and bombings and like just insanity in the world, it's definitely not really ever a slow

news week. So that's not even mentioning the Charlie Kirk stuff. definitely not really ever a slow news week.

So, and that's not even mentioning the Charlie Kirk stuff. So let's talk about what a government shutdown can mean for loans before we do. Let's talk about the one brokerage a little bit. How are things going over there? How many loans we have in submission? Yeah, we've quite a few multiple hundred right now. We've clipped over 200 currently processing, which is

very good numbers for, you know, we're, we're, we're a large size brokerage, but still in the

grand scheme of things, we're not Chase or Wells Fargo or Rocket Mortgage, right? I mean, they'll do

thousands in a month. But very good volume for who we are in the, you know, sector of the economy

that we're in. Obviously, a little bit of a kick up in refinance applications, even in a lot of new primary purchases are kicking up with a little bit of the rate, you know, easening that we've had, much needed in my opinion, right, in the industry to get a little bit of relief on these interest rates. And it's causing people to respond, which is great, right? It kicks up opportunities for savings for people on the

refinances of their mortgage. It kicks up new homebuyers, which may ease a little bit of the burden

on sellers that were just sitting on properties that don't sell it at eight and a half percent

rate, right? So I think it's overall a good thing. You know, rates are a commonly discussed topic,

especially these last two or three months on mortgage Mondays and just in

general. And yeah, I believe, I believe we're getting some healthy cracking so that we can get

some much needed relief that really honestly been waiting for for what two years now for some rate

relief, right? And it's finally starting to come, which is just good. So if you're listening to

this and you're sitting at an interest rate of 7% or higher,

I need you to go to David Green 24.com and use the chat option that or contact us and you'll get a hold of me directly. I will put you in touch with Christian. We will look into how we can save you some money on your loans. And if now is a good time for you to be buying. and if you are a mortgage loan officer,

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