Mortgage Interest Rates Just Flipped

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The housing market is on the cusp of a major shift, and savvy buyers and sellers are poised to benefit. In this video, we'll break down why the Fed is likely to cut interest rates soon and how this could finally make buying a home a little more affordable again.

🎙- The Educated Home Buyer Podcast -

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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty

#housingmarket #housing #interestrates

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This flip in mortgage rates could put a lot of pressure on homebuyers, especially first-time buyers

AliciaCrone

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

MJhumble

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts

Muller_Andr

The drop is already priced in, and rates will not go down.

HandlingSmilus

Apr drop is good and all. But that is only a fraction of the issue. Since Apr does not affect your financing/loan amount meaning most are still priced out of the market. Only if prices drop will we see an increase in mortgage applications and houses selling.

alucard

Buy now with low demand, live on spam and maruchan for like a year… then refi in about a year. Hopefully lower home cost, and lock in that low interest rate at a later date.

lucascardenas

Happy Labor day thanks for the notification smashed the thumbs up good stuff

dixielandproductionco.

The problem is Not the interest rates, the problem is the prices

samabdel

I live in southern NH. Where all cities and towns close to the Massachusetts boarder or easy access to a highway, still very strong buyer demand for homes in good condition and priced correctly & in good neighborhoods. Many buyers are coming from MA. Multiple offers, waived inspections, appraisal gaps or waivers, anything under $400k is quickly swept up by strong buyers or cash buyers. Interest rates decreasing will increase buyer demand here which will result to even more unaffordable prices. As well as property taxes and insurance premiums increasing year over year.

jackiefigueroa

I’m not sure what they will do, but I’ll be waiting for you to discuss it. 💪🏾💪🏾🙌🏾🙌🏾

LifeWithKarisha

GDP growth and big tech earnings beat the expectations. Economy seems to be doing well per government data, in reality it’s different last month. Orange County, CA homes are out of reach for most residents, only qualified buyers are people from out of country and wealthy investors.

jakleeca

I live in California my dream home not sliding for the high rates more for the over price rip off homeprices

hugoquintero

The official rate cut will make rates trickle down a little more because its written in on paper.

johnhoward

I respect this guy but I don't know why he always thinks that house prices only go up.... Must be a realtor thing... We have a realtor at work that's the same way... Come down to earth man...

drewvogel

I see a possible moderate rate cut.. short term . But I do see a larger rate increase in the near future... why? the national debt is way too high! They will need to raise rates to attract investors to treasury bills! Cause China has stopped buying our debt!

betterhousedeals