Certified gym droppers what's going on? This is Matt Garland NMLS number 58700 but I'm better known as MG the mortgage guy

So look Hiana I on a start bring you guys weekly

Mortgage and real estate market updates look. We know the market is ever changing right and we're interest rates skyrocketing in and

Everything that's happening in the market play today Lumen recessions feds raising rates

What we want to start doing for our

Podcast community over here on rants and gyms is giving you guys the information and the news that you can

Contrust so this is the first bonus gem sec segment

This is all about the feds raising rates this week

interest rates

Recession and what it all means to the housing market all right, so tap in with this if you're new

to the podcast make sure you rate it five stars leave a review

Share it with your community and we look forward to helping you achieve your real estate goals now. Let's get to the clip

What's going on y'all Matt Garland here and I'm a less number 58700

But I'm better known as MG the mortgage guy happy Friday. I hope all as well

It is May 6, 2022 and I'm coming back to you guys with a quick market update

So make sure you guys like share comment on this video share with your community all right

So let's get right into this. I'm not going to spend too much time on this topic today

Thank you guys for checking in with me today as per usual all right, so let's get to it the federal reserve

the feds they raised the rates

half a point

All right, and in June they raised a half a point this week and in June they may raise it another half a point

The feds what they're trying to do is they're trying to cool off the demand by making things more expensive and trying to taper down inflation

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