Personally I'd really love to own real estate properties as well as REITs, I've been informed of people making as much as $30,000 from these investments and If anyone could be lenient enough to share, I'd really love clue and tips on how to maximize profit
@Dr Vlad Thanks for sharing, just looked up on google and I'm super impressed with her credentials. I dropped an email on her webpage and hope she replies soon
Hi Matt. If rates are at 5.5% + is that the range to expect for someone with 740+ credit score or can that borrower still obtain a sub 5 high 4 rate. Thanks!
High 4’s only available if you want to pay a point or two. Without cost I’d expect 5.25%-5.5% (depending on loan size and LTV) Keep in mind rates change every single day
Inflation is entrenched. Hard to see fed dropping rates again unless there’s a complete economic and housing collapse to justify doing so. Fed is out of tools imo at this point. Now if they artificially manufacturer a crash the same way they propped this housing market I could see them dropping rates again, but only after a severe crash in housing and deep recession. Just my opinion 🤷🏻♂️
@@MattTheMortgageGuy so these “smart people” project the fed will lower rates back to the 3’s absent a correction/crash which will send home prices higher another 15-20% YOY without inventory? Can you please clarify? Affordability will only be worse won’t it?? These people really think the fed is going to allow a crazy artificial housing market to continue for years to come??? How is that even sustainable in your view?? Are these “smart people” even considering that rents will continue to surge as home prices sky rocket with lower rates?? They do realize at a certain point a great portion of Americans will be homeless if this happens???
Seems like Powell is willing to stick the course until inflation is broken so I don’t see that happening unless they make a lot of headwinds in beating inflation.
@@ryanwalthuis1928 The good news if your a buyer and looking to Mortgage a home is that at least the raises have been baked into the cake... Maybe some ripples if they jump to a .75 BPT's, but we will see!!!
@@MattTheMortgageGuy Matt I was thinking of jumping into a variable interest rate loan since rates have gone up. I am about to purchase a house using one. What are your thoughts on this? I see it could be a potential good thing if rates are back down in three years, but I could really get screwed over if rates go up into double digits. Would you suggest paying the house off before the three years is over or let it ride and hope for lower interest rates?
Inflation wasn't caused by low interest rates, it was caused by the Fed printing out 80% of all the dollars to ever exist since the founding of the country in 2020 and 2021.
You have to buy, when you have to buy!!! When it's right for you to own a home, that's when the time is right to buy!!! Waiting in the Home buying business is losing money because part of the decision is Equity that could be lost with the loss of time...
@@PillPushaT I agree Tony, I worked in good Union Machine Shops and was a ASE Certified Auto Mechanic for 30 years raising 8 Kids (All Girls)... The youngest two of them had real tough times collateralizing just the last few years too!!! It was a real bitch, they had to settle for less than they wanted, anyway, I told them about the same thing... I actually encouraged them to go smaller on their expectations, just to get a start... ;-) Thanks for the reply!!!
@@MattTheMortgageGuy The truth will set you free, they say... I always listen more intently to those I disagree with, I have learned an awful lot that way too... Good to see your response Matt L O V E YOUR CHANNEL!!!
There is a ZERO chance the fed lowers rates any time soon like years , people who says the opposite there money depends on it , most realtors will back doing hair shortly , This guy is lost on that free money for way to long , Party is over , Closing time …………….you don’t have to go home but you can’t stay here.
Yeah... amrg... I think ur out of ur depth. In heavy recession or deflation... this is exactly what happens. While it's not really likely, it's possible pending how bad the recession gets.
Personally I'd really love to own real estate properties as well as REITs, I've been informed of people making as much as $30,000 from these investments and If anyone could be lenient enough to share, I'd really love clue and tips on how to maximize profit
@Dr Vlad wow! do you think you can give me some advice on how to invest in a healthy way as you are doing? please
@Dr Vlad Thanks for sharing, just looked up on google and I'm super impressed with her credentials. I dropped an email on her webpage and hope she replies soon
Hi Matt. If rates are at 5.5% + is that the range to expect for someone with 740+ credit score or can that borrower still obtain a sub 5 high 4 rate. Thanks!
High 4’s only available if you want to pay a point or two. Without cost I’d expect 5.25%-5.5% (depending on loan size and LTV)
Keep in mind rates change every single day
Inflation is entrenched. Hard to see fed dropping rates again unless there’s a complete economic and housing collapse to justify doing so. Fed is out of tools imo at this point.
Now if they artificially manufacturer a crash the same way they propped this housing market I could see them dropping rates again, but only after a severe crash in housing and deep recession. Just my opinion 🤷🏻♂️
Nobody knows but I was recently in a room with a bunch of smart folks all saying lower rates in 12-18 months.
@@MattTheMortgageGuy so these “smart people” project the fed will lower rates back to the 3’s absent a correction/crash which will send home prices higher another 15-20% YOY without inventory? Can you please clarify? Affordability will only be worse won’t it??
These people really think the fed is going to allow a crazy artificial housing market to continue for years to come??? How is that even sustainable in your view??
Are these “smart people” even considering that rents will continue to surge as home prices sky rocket with lower rates?? They do realize at a certain point a great portion of Americans will be homeless if this happens???
Seems like Powell is willing to stick the course until inflation is broken so I don’t see that happening unless they make a lot of headwinds in beating inflation.
@@ryanwalthuis1928 The good news if your a buyer and looking to Mortgage a home is that at least the raises have been baked into the cake... Maybe some ripples if they jump to a .75 BPT's, but we will see!!!
@@MattTheMortgageGuy Matt I was thinking of jumping into a variable interest rate loan since rates have gone up. I am about to purchase a house using one. What are your thoughts on this? I see it could be a potential good thing if rates are back down in three years, but I could really get screwed over if rates go up into double digits. Would you suggest paying the house off before the three years is over or let it ride and hope for lower interest rates?
My 1st mortgage in the eighties was 13% and that was a deal back the deal back then
Yep , at about 65k.
Where do you predict 30 year conventional loan rates will be July 1st?
5.59%
@@MattTheMortgageGuy cool! Thanks for the reply! :)
@@MattTheMortgageGuy Bro, we moved up .14 in a day... If it was already priced in it should NOT be this volatile... you are being way too optimistic.
Hopefully 8-10%
Im already 5.8 locked in the rate last week
Wishful thinking of people that needs rates down, inflation is the worst thing it should be tamed
Inflation wasn't caused by low interest rates, it was caused by the Fed printing out 80% of all the dollars to ever exist since the founding of the country in 2020 and 2021.
A good time to buy stocks.
Buy low, sell high
Not when there is 20 to 30 percent more decline coming.
Ramble
I’m pretty good at it
You say right way too much. Can't listen
I’m back into Toastmasters. Should be fixed in no time…
You have to buy, when you have to buy!!! When it's right for you to own a home, that's when the time is right to buy!!! Waiting in the Home buying business is losing money because part of the decision is Equity that could be lost with the loss of time...
I agree, although some will disagree with us on this...
News flash Lonnie. Wages haven’t kept up with the surge in housing so people can’t afford to buy.
@@PillPushaT I agree Tony, I worked in good Union Machine Shops and was a ASE Certified Auto Mechanic for 30 years raising 8 Kids (All Girls)... The youngest two of them had real tough times collateralizing just the last few years too!!! It was a real bitch, they had to settle for less than they wanted, anyway, I told them about the same thing... I actually encouraged them to go smaller on their expectations, just to get a start... ;-) Thanks for the reply!!!
@@MattTheMortgageGuy The truth will set you free, they say... I always listen more intently to those I disagree with, I have learned an awful lot that way too... Good to see your response Matt L O V E YOUR CHANNEL!!!
Lol that is terrible advice.
There is a ZERO chance the fed lowers rates any time soon like years , people who says the opposite there money depends on it , most realtors will back doing hair shortly , This guy is lost on that free money for way to long , Party is over , Closing time …………….you don’t have to go home but you can’t stay here.
So no sub 4% 30yr mortgage by end of 2023? Even if we enter recession in early 2023?
Yeah... amrg... I think ur out of ur depth. In heavy recession or deflation... this is exactly what happens. While it's not really likely, it's possible pending how bad the recession gets.