It's Here | Mortgage Interest Rates Have PEAKED

Mortgage Rates have dropped nearly 1% in a few short weeks as 35% of americans are hoping for a housing market crash in 2024. While both inflation and GDP are slowing, The FED is giving no indication of possible rate cuts but showing unity on a cautious approach to future rate hikes. What does the 2024 mortgage rate forecast look like? How will this affect the housing market? In this video, we are going to dive into the most recent changes in The Federal Reserve Outlook, Employment along with Inflation while giving you a mortgage interest rate forecast for 2024.
⏩ Think Mortgage Interest Rates Are High? JUST WAIT - • Think Mortgage Interes...
⏩ Mortgage Interest Rates Heading Higher- • Mortgage Interest Rate...
⏩ The FED Just FLIPPED Mortgage Interest Rates - • The FED Just FLIPPED M...
✅ - Get a Personal Referral to a Mortgage Expert or a Professional Realtor - www.jebsmith.net/referral
🏠 - First Time Home Buyer Course - www.becominghomewise.com
🎙- The Educated Home Buyer Podcast - ‪@TheEducatedHomebuyer‬
Spotify - open.spotify.com/show/3Ho4sTO...
Apple - podcasts.apple.com/us/podcast...
Connect with me 👇
Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳ / jebsmith
➡T I K T O K➳ www.tiktok.com/mrjebsmith
#housingmarket #housing #interestrates

[@JebSmith]

⏩ The FED Just FLIPPED Mortgage Interest Rates - ruclips.net/video/retaoVCl82k/видео.html
✅ - Get a Personal Referral to a Mortgage Expert or a Professional Realtor - www.jebsmith.net/referral
🏠 - First Time Home Buyer Course - www.becominghomewise.com

[@sewunetyimer4079]

Thank you for the update.

[@JebSmith]

💯💪

[@babygirl331979]

Great info! Thank you Jeb.

[@JebSmith]

Glad it was helpful!

[@fxdnny]

Hopefully you’re able to take advantage of these lower rates. It’s all a matter of the time frame involed.

[@orvillebryan1950]

It will drop because it’s an election year , oil , interest rates, etc will drop lower. So uncle Joe team are way back in the poles and have one card to play trust me.
So the Feds play all the sides in politics so uncle Joe teams are going to tell fed we need lower rates and etc.

[@ReanuKeaves1]

Mortgage rates don’t drop because it’s election year. Same with oil. Oil drops in price during winter every year. Stop drinking the FOXNews coolaid and stop being a sheep. Be a leader, not a follower.

[@JebSmith]

As you probably know, presidents don't control fed policy but........ That doesn't mean they can't have some influence. 😳

[@randomboris]

"polls" not "poles".

[@Hectormatos22]

Is there an interest rate locking period during the buying process? Or if the rates drop significantly in the process you can ask for an update?

[@JebSmith]

In theory you can lock anytime during the escrow. That says, once you lock, lenders will often Keep you at that rate. Sometimes lenders offer the opportunity to float down but not all lenders offer that option

[@Hectormatos22]

@@JebSmiththen is probably best to ask the lender beforehand, Thanks a lot!

[@Bulliesof619]

History always repeats it self

[@Hacker-rq9vo]

I do believe there will be a rate cut. But I think that the narrative is wrong. I don't believe it is because the Fed did an amazing job at taming inflation and engineering a soft landing, and now they can lower rates followed by an economic boom. I think the rate cut will because of an economic resecion or worse. This will push the stock market down. I don't know how this will effect real estate. But there is a demand side to real estate that gets ignored sometimes by real estate industrial complex.

[@Sarah33Kaufman]

Thank you Jeb. You wake up so early in the morning to make these videos.

[@JebSmith]

😂🙏🙏🙏

[@Frescobar170]

@ 8:13 .. I CAN NOT see Rates settle at 5.5% to 6%.. That is BS imo and rhetoric if you ask me!

[@JebSmith]

So where do rates settle?

[@Libertarian_Neighbor]

Video idea for you, “When is it worth it to refinance?”
We bought points and have a rate of 6.3. We will be here longterm (10 years min).
When should we consider refinancing? When is it worth it?

[@JebSmith]

I've done several videos on refinancing but it gets tricky once you start paying points as that is a sunk cost. That said, it really depends on your loan amount and how much you'd be saving on a monthly basis. An easy calculation is take 125k and divide into your loan amount. That number is the amount you need to save for it to make sense in most cases. Don't use that as the gospel though, talk to a professional and let them run numbers for you.

[@sunseeker7099]

Boom times ahead for property 😂

[@n0rbakn0rbak38]

7.22 % 🫣