Mortgage Matters: Are Buyers Winning Right Now? with Steve Padernacht & Michael Plata | Episode 32

Tue, 23 Jun 2026 07:00:00 -0400

Welcome back to Mortgage Matters with Steven Padernacht and Michael Plata from LoanDepot.

In this episode, Steve and Michael break down current mortgage rates, new construction trends, and what the incoming Fed Chair Kevin Walsh means for buyers and sellers in the Bronx and Westchester — in simple terms so buyers, sellers, homeowners, and real estate agents can make smarter decisions in today's market.

In this episode, we discuss:
• Current mortgage rates (6.25%–6.5%) and what they actually mean for YOUR deal
• Why the national rate you see on the news is NOT your rate
• How to follow the 10-year Treasury to predict rate movement before the news reports it
• New construction: starts up 10% but permits down 10% — what this means for inventory
• New Fed Chair Kevin Walsh replacing Jerome Powell — what to expect in 2026
• How to get pre-approved in 5 minutes through LoanDepot — soft credit check, no impact on your score

The goal of Mortgage Matters is to make mortgage and real estate topics easier to understand so you can make smarter decisions when buying, selling, refinancing, or investing.

If you have questions about the current real estate or mortgage market, reach out to Steve or Michael directly.

Connect with Steven Padernacht:
Instagram: @steve_pad
Call or Text (607) 669-3361
Website: smprealty.com

Connect with Michael Plata:
Phone: 646-772-9461
Website: loandepot.com/mplata
Apply online in 5 minutes — soft credit check — get a call the same day

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