✅Work Directly with My Team (Mortgage and Real Estate Nationwide) - www.jebsmith.net/referral ➡Let Us Watch Mortgage Rates For You - www.jebsmith.net/ratewatch ⏩Mortgage Interest Rates Just BOTTOMED - th-cam.com/video/2uDrQV9NcAY/w-d-xo.html ⏩Mortgage Interest Rates Just Flipped - th-cam.com/video/nWMGIcF2qNg/w-d-xo.html ⏩Change Is Coming | 2024 Interest Rate Forecast - Change Is Coming | 2024 Interest Rate Forecast
That date the rate marry the house pitch will go down in history as one of the most misleading cringe statements made by Realtors and Lenders ever. Solid video!
great points, buy what you can afford NOW and in the future. I like to error on the side of assuming the rates never go down. If you can afford it now for the foreseeable future and rates go up you are still good. if they go down, you can refinance and get the lower rate later. Never buy assuming rates will go down, you are setting yourself up for failure. I have two friends who bought outside their budget last year assuming rates will drop...jokes on them.
@ he probably won’t respond to you Jeb. I’ve made several comments over the years about you being right and he won’t respond lol. A follow up video is needed for us the people showing the data on why your were right. We come to TH-cam for factual information and he’s not providing that. It’s time to slay the dragon.
Other factors that owners and buyers should not lose sight of are factors other than interest rates. Tariff threats have already caused a rise in SOME lumber prices in my home state of Maine (specifically cedar), and an aging out of career builder, trades people, and craftsman coupled with an already "older" population has helped to keep supply low and prices elevated.
Can you explain how you were able to refinance twice in a year? Isn't it typical that it's ~2-4% the cost of a new loan to refinance? I appreciate the video! Just bought a house contingent on our home sale.
The key is to find a lender that isn’t charging you fees to refinance. You’re always going to have things like Thailand Escrow that you have to pay, but you can also take a slightly higher interest rate to get a credit back to cover those fees so it’s essentially a no cost refinance. That’s exactly what I did, two different times which you don’t wanna do is build the cost into your loan or have to pay the fees out of pocket.
We purchased our home in Murrieta California in April of 2022 at 4.5%. We waited and waited until we could buy. We finally made the jump right before the rate shot up. Great points and definitely agree with just focusing on what you can control when buying.
✅Work Directly with My Team (Mortgage and Real Estate Nationwide) - www.jebsmith.net/referral
➡Let Us Watch Mortgage Rates For You - www.jebsmith.net/ratewatch
⏩Mortgage Interest Rates Just BOTTOMED - th-cam.com/video/2uDrQV9NcAY/w-d-xo.html
⏩Mortgage Interest Rates Just Flipped - th-cam.com/video/nWMGIcF2qNg/w-d-xo.html
⏩Change Is Coming | 2024 Interest Rate Forecast - Change Is Coming | 2024 Interest Rate Forecast
That date the rate marry the house pitch will go down in history as one of the most misleading cringe statements made by Realtors and Lenders ever. Solid video!
Agreed and Thank you!
Bought my small sfh house in Menifee last September. Got a 30yr fixed 4.85 rate
@@drewrowe thanks for sharing 😂
💪🏼
great points, buy what you can afford NOW and in the future. I like to error on the side of assuming the rates never go down. If you can afford it now for the foreseeable future and rates go up you are still good. if they go down, you can refinance and get the lower rate later. Never buy assuming rates will go down, you are setting yourself up for failure. I have two friends who bought outside their budget last year assuming rates will drop...jokes on them.
Agreed 💯
Hey Jeb we need that follow up video with you and Michael showing that you were right about a housing crash not happening
hahaha, I'm glad someone remembers that..................I'm not sure it's worth the time based on the content he continues to put out.
@ he probably won’t respond to you Jeb. I’ve made several comments over the years about you being right and he won’t respond lol. A follow up video is needed for us the people showing the data on why your were right. We come to TH-cam for factual information and he’s not providing that. It’s time to slay the dragon.
Other factors that owners and buyers should not lose sight of are factors other than interest rates. Tariff threats have already caused a rise in SOME lumber prices in my home state of Maine (specifically cedar), and an aging out of career builder, trades people, and craftsman coupled with an already "older" population has helped to keep supply low and prices elevated.
Agreed.....the cost to build is likely not going down which means prices in the new construction world arent getting any less expensive
And in many regions the labor involved in construction of homes relies on undocumented people.
Thanks for the notification smashed the thumbs up 👍 good stuff
👊🏼
Great video. Very easy to follow and comprehend!
Glad it was helpful!
Can you explain how you were able to refinance twice in a year? Isn't it typical that it's ~2-4% the cost of a new loan to refinance? I appreciate the video! Just bought a house contingent on our home sale.
The key is to find a lender that isn’t charging you fees to refinance. You’re always going to have things like Thailand Escrow that you have to pay, but you can also take a slightly higher interest rate to get a credit back to cover those fees so it’s essentially a no cost refinance. That’s exactly what I did, two different times which you don’t wanna do is build the cost into your loan or have to pay the fees out of pocket.
@@JebSmith Thank you sir!
I agree with all your points here
🙏🏻🙏🏻🙏🏻
6.91% interest as of today and thats not even the APR. 😱
We purchased our home in Murrieta California in April of 2022 at 4.5%. We waited and waited until we could buy. We finally made the jump right before the rate shot up. Great points and definitely agree with just focusing on what you can control when buying.
Congratulations to you!!! Nice work! Great advice.