The new normal for mortgage rates will be around 6%, says NAR’s Lawrence Yun

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  • เผยแพร่เมื่อ 12 ก.ย. 2024

ความคิดเห็น • 74

  • @sarawilliam696
    @sarawilliam696 2 หลายเดือนก่อน +114

    The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

    • @foden700
      @foden700 2 หลายเดือนก่อน +3

      navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position

    • @brucemichelle5689.
      @brucemichelle5689. 2 หลายเดือนก่อน +1

      No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io 2 หลายเดือนก่อน +2

      I’ve been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

    • @brucemichelle5689.
      @brucemichelle5689. 2 หลายเดือนก่อน +1

      ‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io 2 หลายเดือนก่อน

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @TheDuke792
    @TheDuke792 2 หลายเดือนก่อน +30

    Lawrence yun's prediction of 6% mortgage rates is good news for homebuyers let's hope it actually happens

    • @OwenFlex
      @OwenFlex 2 หลายเดือนก่อน

      I hope his prediction comes true it would make my dream of buying a home a lot more affordable

    • @John-ww2fv
      @John-ww2fv 2 หลายเดือนก่อน

      Keep in mind that 6% is still relatively high, but it's a step in the right direction

    • @TheDuke792
      @TheDuke792 2 หลายเดือนก่อน

      True, 6% is still relatively higher than historic lows, but any decrease is a welcome relief for homebuyers

    • @GibsonJames-gr3on
      @GibsonJames-gr3on หลายเดือนก่อน

      6% mortgage rates can affect cash flow and ROI for investors, especially those relying on leverage

    • @John-ww2fv
      @John-ww2fv หลายเดือนก่อน

      ROI is crucial for us investors, and 6% mortgage rates can significantly impact returns on investment

  • @DonaldMark-ne7se
    @DonaldMark-ne7se หลายเดือนก่อน +40

    I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

    • @NoorFrohock
      @NoorFrohock หลายเดือนก่อน +3

      That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..

    • @Odmark-u5f
      @Odmark-u5f หลายเดือนก่อน +2

      How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

    • @PitcockRoth-9876
      @PitcockRoth-9876 หลายเดือนก่อน +2

      Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @Odmark-u5f
      @Odmark-u5f หลายเดือนก่อน +1

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @andrewwiggin88
    @andrewwiggin88 2 หลายเดือนก่อน +13

    If the interest rates come down they will build more homes/apartments. What a shameless lie. We've had a 10+ year period of historically low interest rates. In that period we also had historic low building numbers. If the interest rates go down they will just find another excuse to not build and curtail supply. These people are price fixing and should be investigated.

    • @IproPvP
      @IproPvP 2 หลายเดือนก่อน

      yep, a complete propped up market

    • @WillieFungo
      @WillieFungo 2 หลายเดือนก่อน

      Democorats think everything is price fixing. You refuse to hold your government accountable for anything. Even if you own the land, building anything on it is prohibitorily expensive and over regulated because of the government.

    • @IproPvP
      @IproPvP 2 หลายเดือนก่อน

      @@highguycomics3869 funny coming from a boomer who probs worked at a gas station his whole life

  • @MVPTC
    @MVPTC 2 หลายเดือนก่อน +10

    After a 50% increase in less than 5 years… how could rates stay so high while prices stay high??? Affordability crisis in full effect

    • @akapbhan
      @akapbhan 2 หลายเดือนก่อน

      you should see interested rates historically. Not just as localized data based on recent trends. This might push US in the future regarding land reforms as well.

    • @MaryLawson874
      @MaryLawson874 หลายเดือนก่อน

      I retired seven years ago at the age of sixty-two, paid off my mortgage, and haven't touched our retirement funds since. I have 1.5 million dollars in my portfolio, and it took me ten years to reach this goal. I started with a respectable amount through my CFA claire Roberts Durand (you can google her) At the moment, my dividends are supplementing my retirement, which takes time. I make sure I never keep money in the bank, and I never sell the chicken that lays the egg (dividends). I just eat the egg.

  • @golfgrouch
    @golfgrouch 2 หลายเดือนก่อน +5

    What kind of economist believes lowering interest rates will reduce inflation?!

    • @md-8866
      @md-8866 2 หลายเดือนก่อน

      Lower interest......allows owners to sell and not lose their asses on their mortgage exhange.... more houses on market....lower prices... pretty simple.

  • @nickvin7447
    @nickvin7447 2 หลายเดือนก่อน +17

    We don't need "more supply" genius, we need less government spending. That is the only thing inflating this market.

    • @ThePlaylists001
      @ThePlaylists001 2 หลายเดือนก่อน +1

      smh.

    • @nickvin7447
      @nickvin7447 2 หลายเดือนก่อน

      @@ThePlaylists001 Yep, shaking my head also.

    • @WillieFungo
      @WillieFungo 2 หลายเดือนก่อน

      It's more about Fed policy than government spending. When you drop interest rates to zero in a franctional reverve system, all the funny money flows into hard assets.

    • @nickvin7447
      @nickvin7447 2 หลายเดือนก่อน

      @@WillieFungo No liberal, it is about spending. Over 25% of the jobs created this year were due to the government spending more than it should. The government needs to stay out of trying to be a business, they have proven time and again they are the worst ran organization in history.

    • @dongolahmed
      @dongolahmed 2 หลายเดือนก่อน

      Then who will support Ukrain!?

  • @martinmorris1197
    @martinmorris1197 2 หลายเดือนก่อน +2

    Melissa early in morning make my day. Like the pendant.

    • @MaryLawson874
      @MaryLawson874 หลายเดือนก่อน

      I retired seven years ago at the age of sixty-two, paid off my mortgage, and haven't touched our retirement funds since. I have 1.5 million dollars in my portfolio, and it took me ten years to reach this goal. I started with a respectable amount through my CFA claire Roberts Durand (you can google her) At the moment, my dividends are supplementing my retirement, which takes time. I make sure I never keep money in the bank, and I never sell the chicken that lays the egg (dividends). I just eat the egg.

  • @Rob_G716
    @Rob_G716 2 หลายเดือนก่อน +7

    The new rate will NOT be 6-7%. I think the new normal on mortgage rates will be 4-5%. Borrowers will not be rushing in at 6%. That’s total baloney.

    • @WillieFungo
      @WillieFungo 2 หลายเดือนก่อน +1

      I agree with you. 7% and 6% feel exactly the same. Maybe you will save $50 a month on a $2500 monthy payment. Big whoop.

  • @martinmorris1197
    @martinmorris1197 2 หลายเดือนก่อน +3

    We underestimate maintenance, home insurance increases. eventually the prices will drop. California being held hostage
    by home insurance. companies.

    • @WillieFungo
      @WillieFungo 2 หลายเดือนก่อน

      Calfironia is being held hostage by Gavin Newsome and his inflationary policies. Prices will never drop until builders are allowed to build without endless Democratic red tape.

  • @SpeedDemon88X
    @SpeedDemon88X 2 หลายเดือนก่อน +2

    Lawrence Yun might be the last person to listen to. Along with any real estate agent.

  • @nickvin7447
    @nickvin7447 2 หลายเดือนก่อน +3

    No one is buying, even investors. Bad sign.

    • @user-oh6ox9hz9c
      @user-oh6ox9hz9c 2 หลายเดือนก่อน

      💯 correct.

    • @MaryLawson874
      @MaryLawson874 หลายเดือนก่อน

      I retired seven years ago at the age of sixty-two, paid off my mortgage, and haven't touched our retirement funds since. I have 1.5 million dollars in my portfolio, and it took me ten years to reach this goal. I started with a respectable amount through my CFA claire Roberts Durand (you can google her) At the moment, my dividends are supplementing my retirement, which takes time. I make sure I never keep money in the bank, and I never sell the chicken that lays the egg (dividends). I just eat the egg.

    • @Needglory23
      @Needglory23 8 วันที่ผ่านมา +1

      Houses selling in less than 10 days in SW Washington State.

    • @nickvin7447
      @nickvin7447 7 วันที่ผ่านมา

      @@Needglory23 Lol, that is NOT indicative of the overall market in this country.

    • @Needglory23
      @Needglory23 7 วันที่ผ่านมา

      @@nickvin7447
      US home prices have increased 4% from last year.

  • @Needglory23
    @Needglory23 8 วันที่ผ่านมา

    Yikes 😮

  • @AhmetSamardzic-c5e
    @AhmetSamardzic-c5e หลายเดือนก่อน

    In Europe Austria Graz interest rates fix 25 years amount 400,000 euro 3,60% and amount 300,000 euro for 30 years fix 2,75% population in Austria 9,159,993 and USA always behind Europe 5 to 6 weeks for pandemic Europe Lock down and restricted like 2 months before USA in 2008/2009 for house market inflation Europe have low interest rates low house market price because my wife brother bought house in Salzburg 2008/2009 when I did bought in Missouri and they have crash 2 months before US

  • @BrandonRichards21
    @BrandonRichards21 หลายเดือนก่อน

    I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

    • @Jamesrobert627
      @Jamesrobert627 หลายเดือนก่อน

      "Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such taskRead more

    • @Jonathancolter7100
      @Jonathancolter7100 หลายเดือนก่อน

      @@Jamesrobert627 It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

    • @MaryLawson874
      @MaryLawson874 หลายเดือนก่อน

      @@Jonathancolter7100 this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @Jonathancolter7100
      @Jonathancolter7100 หลายเดือนก่อน

      @@MaryLawson874 There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ lynne Marie Stella” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @MaryLawson874
      @MaryLawson874 หลายเดือนก่อน

      @@Jonathancolter7100 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • @nedflanders5649
    @nedflanders5649 2 หลายเดือนก่อน +1

    The cost to buy a home has outgrown the average working wage. This hurts black and brown people.

    • @user-oh6ox9hz9c
      @user-oh6ox9hz9c 2 หลายเดือนก่อน

      Well black and brown people put Biden in the white house, so they got what you voted for.

    • @SpeedDemon88X
      @SpeedDemon88X 2 หลายเดือนก่อน +2

      Hurts everyone.

    • @MaryLawson874
      @MaryLawson874 หลายเดือนก่อน

      I retired seven years ago at the age of sixty-two, paid off my mortgage, and haven't touched our retirement funds since. I have 1.5 million dollars in my portfolio, and it took me ten years to reach this goal. I started with a respectable amount through my CFA claire Roberts Durand (you can google her) At the moment, my dividends are supplementing my retirement, which takes time. I make sure I never keep money in the bank, and I never sell the chicken that lays the egg (dividends). I just eat the egg.

  • @user-xr6zm8cx6r
    @user-xr6zm8cx6r 2 หลายเดือนก่อน

    This era is not for new young generation to become good business entrepreneur only big shots making money.