The FED Pivot Arrived Early
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- Опубликовано: 17 дек 2023
- The FED just lowered it's inflation forecast for 2024 while stating that the rate hikes are likely over. This caused the 10 year treasury to drop below 4% and mortgage interest rates to fall below 7% for the first time since August. How will this affect the 2024 housing market? In this video, we discuss the latest from The FED, CPI Data, Mortgage Interest Rates to help you make sense of the 2024 Housing Market.
⏩ The FED Just HELPED The Housing Market⏩ • The FED Just HELPED Th...
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Jeb Smith (huntington beach Realtor/orange county real estate)
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⏩ The FED Just HELPED The Housing Market⏩ ruclips.net/video/rVz14kwK5aI/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
Phenomenal explanation, Jeb! [The bit about front-running the Fed was incredibly illuminating.]
🙏🏻🙏🏻🙏🏻
Hello @falsificationism! I'm very glad to hear that you found the explanation enlightening, particularly the part about front-running the Fed. I always strive to provide informative and valuable content. Thanks for your support, much appreciated!
Thank YOU for connecting the dots!@@JebSmith
For me, I’d like to upgrade to a larger home for my family.. but Still not trading my 2.24% 30 yr fixed rate 4br/3ba home for a 6.95% interest rate to upgrade, but I may buy a new home, rent out mine and then refinance in 2-3 years when interest rates drop below 4%
If you can do it, that's the best plan for sure
That's a sensible plan, @mattm2507. Keeping your current low-interest-rate property and renting it out can generate additional income. In addition, refinancing when the rates drop is a strategic move that could save you a significant amount in interest payments over time. Make sure to analyze the rental market in your area and forecast future interest rate movements as accurately as you can. No plan is risk-free, but you seem to have a solid strategy in place.
@@JebSmith Thanks for that I believe that’s what we will do. Cheers
Jeb good video
What if bought in 2021 and since rares I dropping
Should I sell or rent the home with the 3.35 interest to buy a new home
What I will be the best strategy for the next 2 years
If you can keep it and rent it, that's the best strategy in my opinion
@@JebSmith thanks
.5% can you refi already?. Isn’t that the cost of Refi expensive!
I was able to get all the costs covered so it's a no brainer
You're right that refinancing often comes with costs, which can typically range from 2%-5% of the loan amount. However, in this case the lender is giving me a credit to cover all of the costs so it’s a no cost refinance.
@@JebSmith give me your lender info
6.25 -6.50 % in 2024 BUT we have to wait for the christmas retail data to come in to the purchase power or americans 🎄🎁
Hi @n0rbakn0rbak38, great observation! It's indeed important to keep tabs on retail data, especially from high-traffic seasons like Christmas, to gauge consumer purchasing power which can significantly impact mortgage lending rates. Your strategic insight is commendable. 2024 feels a little way off, but it's intriguing to forecast the lending climate. Thanks for adding your thoughts and for tuning into the video. We appreciate it!
5% mortgage rate if not slightly lower by November 2024
That's a bold call. It's not out of the cards assuming the data continues to trend in the right direction
@@JebSmith thanks 😊
@@JebSmithI agree, that's super bold. Didn't Powell state that the target rate by end of 2024 was 4.6%? Which according to the chart sourced from freddie mac would place prime rate in the 7's, and 30 yr frm in the 6's... Assuming everything trends in the predicted direction.
For va loans I can definitely see that. Right now va loans are 5.8 at pen fed
Hi @markpaperhanger2481, thanks for sharing your perspective on future mortgage rates! Predictions like these are always interesting, as they're influenced by a broad array of factors such as economic conditions and monetary policy among others. If rates do decrease to around 5% by November 2024, it could be a great opportunity for many homeowners to refinance. Let's see how the market evolves. Thanks for watching and contributing to the discussion.