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Podcast: Laugh, Lend and Eat
Episode: The Federal Reserve Does It Again!
Description: Madison "Madness" Keenan of AnnieMac Mortgage shares her concerns about the current mortgage market with Fobby Naghmi of First Option Mortgage. While the increasing rates don't scare her, her concerns are more about the consumers and that they are not changing their spending habits.
Madison's advice to potential homebuyers is:
1) Don't buy a new car
2) Don't open new lines of credit
3) Keep your credit card balance to 50% of the maximum limit
This advice spurs a quick debate between the two. Fobby questions if Madison may be asking too much of...