Mortgage Rates are Surging

Interest rates on mortgages have been on a tear the last few weeks and are now at levels not seen since March of 2020. Does this spell disaster for the housing market? Are we at the end and about to witness the collapse of another real estate bubble?

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I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.

#realestate #debt #investing

[danyrizk]

Re:real estate: As a retired realtor, & son of a real estate broker, I've seen this movie 3X, & all I can say is brace for impact

[Cardifftoyboy]

I was at a wedding 2 weeks ago and overheard people at the bar waxing lyrical about how much their houses were worth. One actually taking £15000 advance against it to go on holiday. One who now has 2 million in mortgages...." My Home Helped Pay for it" will soon start turning into "My Home Helped Bankrupt me"...

[jdstarek]

Anyone who thinks that mortgage rates of 4-5% are high has never talked to their parents or grandparents...or great grandparents.

[dorissteve]

The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy

[videogarage]

When every Realtor YouTuber says buy, buy, buy ... I say time to be very careful folks !!
EQUITY IS NOT LIQUID CASH ... and subject to drastically change quickly.

[jessicamoore]

real estate or the stock market which is the best investment?

[Phoenix-J]

I hope the market in Idaho calms down. It is ridiculous here.

[crinklecut]

It sure doesn’t seem like there’s any way out of this situation that doesn’t involve a lot of suffering.

[stevesilver]

If they wanted to raise rates. They would do it Right at the meeting time. But no they cannot. So they keep threatening. Just like a parent counting to 10. But never does anything about it.

[GotGracexxxxx]

I think "surging" is a pretty hyperbolic way to describe an increase of a couple of tenths of a percent. The truly ridiculous surge has been in the perception by sellers of the value of their properties, both on the MLS and off-market. Investors need to stay disciplined (1% rule, 70% ARV, 3x rent, etc.) to avoid missteps. As a result, they will wind up hoarding cash like Berkshire-Hathaway, waiting for the right opportunity to take massive action.

[CrazyChickenBre]

We just locked in 3.125% on a 30 year fixed 🤞🏻

[cloviscoloado]

hey Joe, we met for a minute in Denver. I'm a mortgage LO. agree with your analysis 100%. I'm foaming at the mouth for that last push to sub 2% Mortgage rates in 2023.

[m.d.e.]

@Heresy Financial, can you do a video talking about precious metals, specifically, during times when precious metals prices start to rise rapidly?
A precious metals stacker brought the phenomenon up but never mentioned how easy/hard it would be to sell your metals when everyone tries cashing it in simultaneously during a sell panic. Not sure if people will be turned away at some point.
If you read this and decide to do a video, I would be grateful.

[barryg]

If a cow buys it's own milk with it's own manure what makes anyone think one is worth more than the other?Given the Feed be Free.

[chikibusan]

But in 2008 they bailed out and even then the prices continue collapsing for years

[timmyeatworld]

This video is basically the "this is fine" fire dog meme.

[clocktower]

Housing bubble pops.
Stock bubble pops.
Bond bubble pops.
US Dollar bubble pops.
Crypto bubble pops.



What else gonna crash ?

[jonathantaylor]

Consumer spending over the last several years has been driven by 35-50 year mortgages from people refinancing into new 30’s. I was very naive in my thinking that people were refinancing just to lower their rate, never thinking how many people were adding a decade or two to their payoff date. This refinancing into a fresh 30 at a lower rate is “saving” people a $1, 000 a month, and keeping this sham economy afloat.

[stevenmccallan]

Historically, rates are still dirt cheap and housing is very limited. Therefore, the market will continue to be very elevated. It's all about supply and demand

[alanheadrick]

I like it when you said they will take the easy way out! That sums it up nicely. Its not about right or wrong or whats needed.