The Current State of Mortgage Rates, Potential Recession, and Cryptocurrency in Real Estate with Kreg King and Nick Steinhauer

In this episode of Spilling the Title Tea, Ashley Ramsey reconnects with Kreg King and Nick Steinhauer, co-branch managers of Thrive Mortgage Columbus, nearly a year after their previous appearance. They discuss personal updates, their successful Red Bull event that attracted nearly 400 attendees, current mortgage rate trends, economic predictions regarding inflation and unemployment, and their forward-thinking approach to cryptocurrency in mortgage transactions. Learn why mortgage rates in the mid-6% range are becoming the “new norm” and what might be on the horizon for the economy in 2025.

Episode Highlights

• 00:33 – Personal life updates from Craig and Nick
• 05:27 – Their annual Red Bull event that more than doubled in attendance
• 06:27 – Review of their previous rate predictions and how accurate they were
• 08:08 – Discussion of potential Federal Reserve rate cuts in 2025
• 08:39 – Explaining stagflation and its current impact
• 12:10 – How consumers are adapting to higher mortgage rates
• 14:33 – The importance of rate stability in the market
• 15:09 – Are we already in a recession or heading into one?
• 18:19 – Why some recessions can be beneficial for the economy
• 19:57 – Using cryptocurrency for home purchases
• 22:53 – The importance of adapting to new technologies in the mortgage industry

Links

Meet The Team at Thrive Mortgage Columbus Ohio – Thrive Mortgage – Columbus, Ohio – Kreg King and Nick Steinhauer

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