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Meet Bill Rapp

NMLS ID # NMLS # 228246

William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.

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CEO & Economist Predict a Hard Economic Landing!

May 09, 20242 min read

CEO & Economist Predict a Hard Economic Landing!

Brace for Impact

As the economic landscape continues to shift, a stark prediction from Citi's Chief Economist, Andrew Hollenhorst, has sent ripples through financial circles: brace for a hard economic landing. While many had hoped for a softer slowdown, Hollenhorst's forecast suggests a bumpier ride ahead, with potential implications for interest rates and financing.

Since late last year, optimism for a soft landing has prevailed among economists and policymakers, including the Federal Reserve. However, dissenting voices have emerged, with some of the world's largest banks, including JPMorgan Chase, sounding alarms about the likelihood of a recession. Jamie Dimon, CEO of JPMorgan Chase, pegged the odds of a recession at 65% back in March.

Hollenhorst's recent pronouncement adds weight to these concerns, with a prediction that the Federal Reserve may need to implement four rate cuts in response to the impending economic downturn. This stance contrasts sharply with the prevailing sentiment that a soft landing, where the economy slows but avoids recession and maintains strong employment, was within reach.

The uncertainty surrounding the economic trajectory has been fueled by recent indicators. Productivity numbers for April, for instance, fell short of expectations, raising concerns about inflationary pressures. Analysts suggest that while these figures alone may not derail hopes of a soft landing, they underscore the challenges ahead, particularly in balancing inflation control with employment stability.

Hollenhorst's outlook is uncompromising. He foresees a prolonged period of economic strain, with the labor market poised to weaken gradually before potentially spiraling downward. The latest jobs report for April, with job gains falling below expectations, only adds credence to this assessment. Decreases in hours worked and the number of full-time positions serve as further red flags for economic fragility.

However, amidst the gloom, there's a glimmer of hope for the commercial real estate (CRE) sector. If Hollenhorst's predictions materialize, the Federal Reserve's response may include rate cuts aimed at combating inflation. These cuts would not only mitigate inflationary costs but also lower interest rates, facilitating easier financing and refinancing within the CRE market.

In conclusion, while the road ahead may be challenging, understanding and preparing for the potential impact of a hard economic landing is crucial for businesses and investors alike. As economic conditions evolve, staying informed and adaptable will be key to navigating these uncertain times.

Should you need an experienced Commercial Real Estate Mortgage Broker, please feel free to contact me at 281-222-0433.

https://medallionfunds.com/bill-rapp/

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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory


Citi Chief Economisthard economic landingrate cutsfinancingrecessionFederal Reserveproductivityinflationlabor marketemploymentinterest ratesCRE (Commercial Real Estate)
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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds


Corporate | NMLS ID NMLS # 1825831

Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141

Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/

Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply

Corporate | NMLS ID NMLS # 1825831

Corporate Address : 11920 Southern Highlands Parkway, Suite 302, Las Vegas, NV 89141 https://medallionfunds.com/bill-rapp/