Real Estate Mortgage Rates Dropping FAST!!!

Mortgage interest rates could fall into the 5% range by the end of 2024 if the Federal Reserve cuts rates as expected. With inflation cooling and economic indicators showing improvement, the Fed may reduce the federal funds rate in its upcoming meetings, potentially lowering mortgage rates below 6%. While the rate cuts might not directly dictate mortgage rates, they do influence lender offerings. If the Fed takes a more aggressive approach with rate reductions, we could see mortgage rates in the mid-to-high 5% range sooner than anticipated. Borrowers should monitor the market closely, as sub-6% rates could arrive before the year ends. Today, we talk with Kyle Seagraves "Win The House The Love" a mortgage broker in Ohio so he can breakdown what these falling mortgage rates mean for you if you are wanting buy an affordable home before the end of the year.
For A Collaboration Video For Your Affordable Housing Option Or Comp.
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Kristina Smallhorn
PO BOX 1271
Prairieville LA 70769
#housingmarket #homes #KristinaSmallhorn

eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812, Office [phone] ext# 149
Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License 0912122918
Disclaimer:
LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

[phoenixrising]

It’s not just the house prices, or the rates, it’s also the stupidly high property tax.

[arizonanative]

My hairstylist was renting in Phoenix for $650 — a one bedroom. Her rent jumped by $500 and even with that, her landlord has done nothing to improve the unit. Evictions are way up this year here.

[allegrabraun]

I can always listen to Kyle's voice😊

[Daniinthecity_]

Yaaay he’s back! That voice, I swear I could fall asleep listening to him, so soothing 😂

[Kidbako]

I bet that most homeowners that bought within the last 10 years couldn’t afford to buy their homes today. Wages just haven’t kept up.

[proudliberal-svwo]

As I predicted, mortgage rates are dropping in an election year. Next, you will see price increases, because more people can afford to buy and the inventory is still very low.

[Outdooracademe]

I stll think everyone is trying to make up for the devastating financial losses of 2020. It was a lot worse than most think and this price gouging probably won't stop because of fear of it happening again. It's the price, not the interest rate at this point.

[s]

Mortgage rates don't matter nearly as much as the actual house prices.

[PS-wvkk]

I completely agree that the credit system needs to go!

As far as using rental payments for credit scores is ridiculous! All those ppl that report that information, is giving the big companies a different way to manipulate lending and see how much they can squeeze out of people. It's bs and should be illegal. That's not a free market. It's a way to track spending and as you called it monopolize housing and keep people as indentured servants.

[joesmith]

The thing that guys like the bond expert don’t seem to realize is they also price in future cuts at the same time. They said that rates were fully priced in 2 weeks ago. Rates are down .10 since then. It is a constantly moving market. Yes when .25 comes that is already priced in but the next .25 is not. Direction is more important then any 1 cut.

[John-voiv]

That is the largest coffee cup I have ever seen! And I am a coffee drinker :) Nice informational video, thank you to both of you.

[heathercontois]

Oh...oh....!!! I wanted to tell you and this is my opportunity! My husband was looking at a rental house that had been flipped by a private investment company. It was so badly flipped it was dangerous to live in. They kept it on natural gas, with the pipes left unprotected inside and out, where they weren't attached to appliances-one was capped. The water heater had major rust and leak issues on the pipes attached at the top. There were badly installed electrical outlets and switches. The "redone bathrooms" had bad tile and grout work so that would be a safety issue because of the mold potential. There was a hole in the ceiling looking right at the crawl space "floor" in the attic. The front door couldn't close all the way so it couldn't be locked. There was hole in the front porch deck and unstable deck stairs.

They wanted $2400/month.

[shaereub]

When interest rates rise, prices in general rise, because companies will always push extra costs to the customer.

[drew]

Inflation is just a hidden tax and taxes on corporations are just past on to the consumer.

[Bav]

it's really not true, we just closed with a conventional mortgage today, no points, credit score over 800 and the rates are still 6.99% everything lower with that is with points and who would do that if you're planning to refinance right now.

[chuck]

Hey Kyle…watching down here in Lebanon 😊

[gvon]

Who owns this company? Blackrock?!? 😂😂😂😂😂😂

[SilverSaabArc]

Lots of Ohio people have summer homes in Michigan, no one in Michigan has a summer home in Ohio 😉.

[brianreed]

QUESTION:
IS VA loans the best way to go?

[jonathangatto]

Yes you can use land as a collateral



If you own your land outright (no mortgage or liens) you can likely use your equity in the land toward the purchase of a new home. In this scenario, you could use your equity in the land as collateral or obtain a new loan against property and use the funds as a down payment on building your new home.

There are other factors, of course. The value of your land, the sales price of the home you wish to build, your credit score/credit history, and loan programs you can qualify for will all be determining factors in the use of land as equity for a loan.