This is a MUST LISTEN to call!! Packed with information you need as an agent!!
Mortgage rates remain in the high 6% to low 7% range as the Federal Reserve continues to prioritize fighting inflation over addressing rising unemployment levels. Student loan repayment options and HOA insurance requirements are undergoing dramatic changes that will significantly impact homebuyers.
• Interest rates spiked after Japan announced negative GDP, affecting international bond markets and pushing the 10-year treasury above the critical 4.5% threshold
• Pending legislation would eliminate most current student loan repayment plans, replacing them with just two options based on discretionary income percentages
• New HOA insurance rules require master policy deductibles to be no more than 5% of the coverage amount, with homeowners needing personal policies to cover these deductibles
• Many HOA boards and management companies are unaware of the new requirements, causing financing issues and delayed closings
• Instead of price reductions, sellers should consider interest rate buydowns to attract more qualified buyers while maintaining property values
• NOC lending allows homeowners to make non-contingent offers by advancing equity and guaranteeing the purchase of their current home
• Listing agents should proactively obtain and upload HOA documents to MLS and have master insurance policies reviewed by lenders
Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire!
Schedule a free discovery call with me.
I would love to learn more about your goals, dreams, and desires!!
https://calendly.com/angiegerber/zoom-call-15-minutes
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AGCoaching@agcoaching684
With Gratitude -
Angie Gerber
angiegerber@gmail.com
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