Monday, April 22, 2024

Rate Rundown: From Past Peaks to Future Forecasts


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🎙️ Welcome back to the Home Wisdom With HBH podcast with your host and go-to realtor, Erica Barnaby! Today, we're joined by Ross, a savvy loan officer, to explore the twists and turns of mortgage rates and their impact on the real estate market. 🏡💼

Ross shares his journey from the food industry to the finance world, his love for numbers, and how he's making a difference in the mortgage sector. At just 25, he's proof that age is just a number when it comes to expertise in real estate! 👶🧮

We delve into how mortgage rates affect buyers, the surprising historical highs and lows, and what this means for your wallet today. From 18.6% rates in the '80s to the average 7.74% we see now, it's a rollercoaster ride you don't want to miss! 🎢💸

Tune in as we tackle the real issues facing today's buyers—spoiler alert: it's not just the rates but also the climbing house prices and stagnant incomes. Plus, a candid discussion on the VA buyers' struggles and how they navigate the soaring market. 🏠💹

Ross and Erica don't just have their fingers on the pulse—they're predicting the future of rates. Will we see a drop into the mid-sixes? Listen in as they dust off their crystal balls for a peek into what the market holds. 🔮✨

👉 Don't miss this insightful session, and remember, whether you're a buyer, seller, or just curious about real estate, Home Wisdom With HBH is your hub for all things housing. Hit subscribe, like, and comment with your thoughts!

 📞 Want personalized advice? Erica's just a call away to strategize on maximizing your home's value!

#HomeWisdomWithHBH #RealEstatePodcast #MortgageRates #MarketInsights #BuyersGuide #HousingTrends"


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