Get Connected To a GREAT Real Estate Agent here anywhere in the USA: www.realestateteamfinder.com Apply to a mortgage loan here (Jim Black is licensed in CA, TX & OR and Jason Walter is licensed in CA only): revesthomes.my1003app.com/2566691/register Or, schedule a free consultation with Jim Black and Jason Walter here: calendly.com/d/cmmc-xv2-xx9/jason-and-jim-real-estate-review
One thing people seem to be missing is the Fed is still unloading its balance sheet. So even though they are invoking quantitative easing, there so some pseudo tightening going on. If they keep unloading their mbs, mortgage rates will go up
14:10 You mentioned that if the rates go lower, it will be a 6% buying power increase. Where can I find this data? I'm wondering how much more borrowers can qualify for when the rates are cut .
😅 most realtors knew that these rate cuts were already reflected in mortgage rates-since the beginning of September. The only difference now is… this goes against the narrative some have been pumping about rates cuts 😅. Anything for the sale! Reminds me of the movie “The goods!”
This was a really great discussion. Although I personally consider 'laissez-faire' a convenient little myth to justify deregulation for the corporatists, everything else Jim said rings true. My only wish is that developers build more so we can enjoy a more balanced supply/ demand environment. Right now inventory still feels too tight.
I'm in conversation with my loan officer right now, and asked when to lock in my mortgage rate... I thought I was slick by generally stalling the process until yesterday's rate cut, only to get a higher proposed rate than a few days prior.. Should I hold out another week? Any advice?
Very hard to know what will happen to rates in the coming weeks. My guess is the market is digesting a lot that was thrown at us yesterday from the Fed so it's going to be volatile. Looking at the economic calendar for tomorrow and next week, the biggest potential market mover is the PCE index (Personal Consumption Expenditures Price Index = a measure of inflation closely watched by the Fed). That will be published on Fri 9/27 at 5:30am.
I locked my rate in at 5.875% on 9/9/24. Discount points are 1.660%. I’m using 23k of builder credits to cover closing and rate buy down. So if I would have locked in today, my rate would have been higher? I’m confused.
I feel like you should be on permanent vacation. Sun and fried chicken will do your soul great for all your hard work 🫡☺️ thank you for the updates Jason!
Get Connected To a GREAT Real Estate Agent here anywhere in the USA:
www.realestateteamfinder.com
Apply to a mortgage loan here (Jim Black is licensed in CA, TX & OR and Jason Walter is licensed in CA only): revesthomes.my1003app.com/2566691/register
Or, schedule a free consultation with Jim Black and Jason Walter here: calendly.com/d/cmmc-xv2-xx9/jason-and-jim-real-estate-review
Was offer an 4.7 interest rate
I have a VA LOAN
This is exactly what you said was going to happen. “If rates get lowered faster than expected” mortgage rates will increase. You nailed it
Boom!
Thank you gentlemen. Very good info.
One thing people seem to be missing is the Fed is still unloading its balance sheet. So even though they are invoking quantitative easing, there so some pseudo tightening going on. If they keep unloading their mbs, mortgage rates will go up
Mahalo here we go enjoy the ride buckle up 🤙🏽🌴🇺🇸🍍
Rate cut, the housing price is too high!!!!
Should I lock in my interest rate today or next week?? Watching the 10 year treasury yield day after day
14:10 You mentioned that if the rates go lower, it will be a 6% buying power increase. Where can I find this data? I'm wondering how much more borrowers can qualify for when the rates are cut .
😅 most realtors knew that these rate cuts were already reflected in mortgage rates-since the beginning of September. The only difference now is… this goes against the narrative some have been pumping about rates cuts 😅. Anything for the sale! Reminds me of the movie “The goods!”
So it sounds like tariffs would be a HORRIBLE idea contrary to certain presidential candidate’s claims…
This was a really great discussion. Although I personally consider 'laissez-faire' a convenient little myth to justify deregulation for the corporatists, everything else Jim said rings true. My only wish is that developers build more so we can enjoy a more balanced supply/ demand environment. Right now inventory still feels too tight.
Ur background makes me dizzy
Sorry about that
@@JasonWalter1 it’s ok I’m in the hospital now with vertigo lol jk. Good content as always.
I second that background statement. Lol
It strains your eyes. Hope this helps.
I'm in conversation with my loan officer right now, and asked when to lock in my mortgage rate... I thought I was slick by generally stalling the process until yesterday's rate cut, only to get a higher proposed rate than a few days prior.. Should I hold out another week? Any advice?
@@conr2141 I’m in the same boat. Closing is scheduled for 9/30 so I only have until 9/23 to lock in my rate.
Same, not sure if I should lock in today or next week.
Very hard to know what will happen to rates in the coming weeks. My guess is the market is digesting a lot that was thrown at us yesterday from the Fed so it's going to be volatile. Looking at the economic calendar for tomorrow and next week, the biggest potential market mover is the PCE index (Personal Consumption Expenditures Price Index = a measure of inflation closely watched by the Fed). That will be published on Fri 9/27 at 5:30am.
@@JasonWalter1 Thanks! That's informative.
Maybe we'll find out if low sales volume is because of interest rate or price?
NAR acolytes UNITE!!! Anyways, yeah the whole buyers back to the market due to rate drop bluff is embarrassing now!
I locked my rate in at 5.875% on 9/9/24. Discount points are 1.660%. I’m using 23k of builder credits to cover closing and rate buy down.
So if I would have locked in today, my rate would have been higher?
I’m confused.
It’s an expensive lens. Dodo.
Wtf
I feel like you should be on permanent vacation. Sun and fried chicken will do your soul great for all your hard work 🫡☺️ thank you for the updates Jason!
A vacation would be nice! Thank you for your support.