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Well, the Fed took down the Fed fund rate by .50 points but it didn’t move mortgage rates down. Besides, the difference a half a point lower on a mortgage is next to nothing. How is this going to move real estate. At this point it’s not the interest rates it’s the overblown real estate prices. Personally for me to buy a house I would have to buy a $1.500,000 house. Hard to find something decent even at that price point. But let’s say I did. Even if I put 35% down, my mortgage would have to be a million dollars. Half a point lower interest rate would lower my monthly payment by $100, lol My area is crazy, values of homes trippled here.
I completely get how frustrating it must be trying to find a decent home when even $1.5M doesn’t go as far as it used to. It’s a tough market, and in many areas, it’s more about waiting for a price correction or finding creative ways to finance a home. Thanks for sharing your experience-it's definitely a conversation that needs to be had in real estate right now."
Great video as always! 👍 I have a quick question: 🤷♂️ I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
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Want to snap necks and cash checks? Subscribe now to never miss a beat and join us as we spark high-energy conversations every week. Don’t just watch-be part of the action! 🔥 th-cam.com/channels/c8gmekIb1SS1s216ASNT_w.html
Well, the Fed took down the Fed fund rate by .50 points but it didn’t move mortgage rates down. Besides, the difference a half a point lower on a mortgage is next to nothing. How is this going to move real estate. At this point it’s not the interest rates it’s the overblown real estate prices.
Personally for me to buy a house I would have to buy a $1.500,000 house. Hard to find something decent even at that price point. But let’s say I did. Even if I put 35% down, my mortgage would have to be a million dollars. Half a point lower interest rate would lower my monthly payment by $100, lol My area is crazy, values of homes trippled here.
I completely get how frustrating it must be trying to find a decent home when even $1.5M doesn’t go as far as it used to. It’s a tough market, and in many areas, it’s more about waiting for a price correction or finding creative ways to finance a home. Thanks for sharing your experience-it's definitely a conversation that needs to be had in real estate right now."
Great video as always! 👍 I have a quick question: 🤷♂️ I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
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