Matt Clark

On top of it all.

Welcome back to The Ramsey Show.

I'm George Campbell here with Rachel Cruz.

And in the third chair, we've added a special guest.

We've got Matt Clark, President and Chief Operating Officer at Churchill Mortgage.

You've heard of Churchill because they've been our trusted mortgage partner for more than 30 years now.

And Matt has over two decades of experience at Churchill.

He's got some deep industry knowledge.

So we wanted to bring him on to help explain to our audience what the heck is going on in the housing market.

When are the rates going to magically come down, Matt?

Where is your crystal ball?

Do you find that there's some golden handcuffs out there with people that are hanging on to their 3% rate, and so they're never going to move now?

They're like, well, now I'm stuck here.

This was my starter home, and now it's the forever home.

Yeah, absolutely.

Well, speaking of budget, first-time homebuyers, that's the most frustrated population out there because they're going, dude, how do I step into this jump rope going 90 miles an hour?

I'm going to get hurt.

What do you say to them when it comes to rates moving around, how much that affects their mortgage payment?

I want to talk about pre-approval.

It's something we don't talk about a lot on the show, but it's one of those things where you go through the process and you're like, I didn't understand I needed to do this.