Lock Your Mortgage Interest Rate NOW
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- Опубликовано: 10 июн 2024
- When should you lock your interest rate in this crazy housing market? Can you lock your rate and then get a better interest rate if rates move down? Are you a first time home buyer in the home buying process and wondering how locking your loan works? How do you lock your loan? In this video, we discuss everything around mortgage and the process of locking a loan from when, why and how to lock your interest rate to how interest rates could adjust in the 2024 housing market.
⏩ How To Get A Mortgage To Buy A House In 2023 - • How To Get A Mortgage ...
HOME BUYER RESOURCES:
🏠 - First Time Home Buyer Course - www.becominghomewise.com
✅ - Get a Referral to a Mortgage Lender or Realtor - www.jebsmith.net/referral
🎙- 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 #firsttimehomebuyer #realestate 
Развлечения
⏩ How To Get A Mortgage To Buy A House In 2023 - ruclips.net/video/yk17mkmQoZk/видео.html
🏠 - First Time Home Buyer Course - www.becominghomewise.com
✅ - Get a Referral to a Mortgage Lender or Realtor - www.jebsmith.net/referral
Home prices and home affordability are still the biggest issues. This trend of spending 50-70% of our income on housing will end in disaster.
Where else should it be spent? At least you’re have a roof over your head.
Didn’t they just announce 3cuts in 2024? Imo they aren’t likely to go up so waiting doesn’t seem like a bad proposal.
The only reason you lock in a rate is to keep it from going up after you decide you are Ok with the rate... but you should always be able to float down if the rate drops 0.25% or more. If they dont, find a new lender. Of course, this is if youve got enough time before closing... dont switch lenders last minuite for an 1/8th of a percent.
Excellent Video,
Great explanation. Keep up the Great work
This is so informative. Thank you for sharing your knowledge. As always great material
Thank you
That is fact!
In today's housing market, lock in your interest rate promptly to secure stability. Love watching your videos!
🙏🏼🙏🏼🙏🏼
Great video brother. I give you flack sometimes but i know you mean well. Respect. ✊️
Is it worth paying extra money to hold that rate?
Take this advice … I locked mine in march
I locked in at 6.3 yesterday. Wanted to keep waiting for it keep dropping
Locked mine at 4.25 by not listening to the crash bros.
That's a good rate relative to where it was 1.5 months ago
@JebSmith Jeb thanks for being honest about the housing market. RUclips is flooded with crash bros selling fear. Thanks to them, people have missed out on great opportunities.
@@Lumpia_In_Texasagree. I got sucked in last year but pulled the trigger on a purchase earlier this year. Even got the seller to buy down my rate to 4.75. I’m at peace with that decision. Might watch a crash bros video once in a while and can now see it for what it is. Entertainment purposes only.
@Lumpia_In_Texas are you using points? That's a great rate
The seller bought my interest rate down to 5.99 but then my lender sent me a message yesterday that my new rate is now 5.875 and I’m supposed to close Jan 5th. Is it possible it can go lower?
Yes but it's also possible it goes up to.....
Where do I watch the market rates?
I like to watch them on
Video idea: When is it advantageous to refinance? We bought recently at 7.3%. When should we refinance?
Find your break even point. Makes sense if the new rate is 1% or more than your current rate otherwise all the fees involved don't make sense to refinance.
Agreed, rule of thumb is to refinance every 1%. But it also depends on how much time will you keep the property, do the math!
@beakiller25 math is all I do but I'm not trying to write a marathon. Theres many variables like restarting the mortgage all over again. Do what makes sense for you and your pocket book