This Week’s Economic Data: A Turning Point for Home Buyers?
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- Опубліковано 12 вер 2024
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How much would the mortgage rates be for conventional if they were to cut interest rates .25?
I got my house last November at a 7.9 rate.
@@martin50184 I'm sure u r excited for a refinance
I got my house 2 years ago locked at 6.69% for 30 years VA. Hoping to do a VA IRRRL soon. 😅
If you don't mind letting us know
Are you happy you purchased the home and most important what has the value done since that time
Hey Dan! I think mortgage rates will stay in 6.4-6.6% on 30 year for a bit unless the big data (unemployment, PCe) comes in much different than expected. The rates fell hard in a short amount of time so feel like a lot of it is priced in
These are called comments sir.
Realtor here, the challenges everybody waits for rates to drop what they don’t understand is almost always in an area when rates go down purchase price goes up. Better to secure now and refi.
This didn’t happen in 2009.
In that time segment you are correct
However in history overall the statement posted is accurate
Also in 2009 if you go forward 5 years you're even
I'll say it like I airways do
If you don't believe in buying a home now or never then god bless you
If you think renting is your goal then do just that
If you want to understand real estate and how it's a party of your long term financial plan then subscribe and let me help you
Take care and thanks for the post