In this episode that’s all bout Interest Rates, Joe and Nick address what has quickly become the "elephant in the room" everyone is talking about. Join us as we demystify the world of interest rates, exploring what's driving them up, how they affect your finances, and most importantly, what you can do to make the best decision with the information that we all have, without relying on ‘future-telling’ information that leaves you gambling.
Whether you’re a real estate agent trying to learn how best to communicate with potential buyers and sellers regarding their concerns over interest rates or a borrower who wants to learn more about what determines what interest rate you’re quoted, this podcast is super informative. Watch it twice if you have to, we know it’s a complex topic, but well worth it to become somewhat knowledgeable about the topic for your personal or professional growth.
Don't let the elephant in the room go unnoticed. Tune in now and gain the knowledge you need to thrive in today's high-interest rate environment. Like, share, and subscribe to stay informed about all things real estate and mortgage! 🔔 New episode released every Wednesday morning!
📈 Timestamps:
00:00 - Introduction
01:25 - What are the Rates right now? Read the FINE print
03:47 - How quickly does the Bond Market change?
6:40 - Where do closed loans/mortgages go after they leave the initial lender?
8:28 - Can you compare Interest Rate Quotes from different lenders on different days?
10:17 - Does a Mortgage Loan Originator get paid more or less based on the Interest Rate?
14:38 - How much does paying a Discount Point get you in terms of a lower rate?
17:00 - When is the time to Lock in the Interest Rate?
23:58 - Conclusion and Key Takeaways
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Blog: https://morganfinancial.net/blog/
Morgan Financial
Residential Mortgage Lender
Equal Housing Lender
NMLS ID: 318525
321-757-3570
www.morganfinancial.net
1441 N. Harbor City Blvd. Melbourne, FL 32935
