Episode #185
We know mortgage rates will fall this year, but how long will we have to wait? Will they get down to the fives or stay in the six-percent range? And even if the Fed lowers the federal funds rate, will this significantly impact mortgage rates? We brought on three elite lenders to get their takes on when rates will drop, how low they could go, and why waiting for lower rates is a riskier decision than you think.
Caeli Ridge joins us again as our go-to investor-lender combo, and Krystle and Kenny Simpson, San Diego-based lenders, are on the show to give their viewpoints from the small investor and large commercial lens. Plus, these lenders are about to share the info on some investor loans that you may have NEVER known about—loans that other investors are taking advantage of TODAY to get deals done, even with high interest rates.
Speaking of high interest rates, our lenders show mathematical proof that rates are NOT the defining factor of your real estate deal and how waiting for a half-percentage drop could cost you more than you think. Plus, the commercial real estate “bloodbath” coming for one certain sector unless local governments step in.
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Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025:
https://www.biggerpockets.com/blog/on-the-market-184?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Caeli:
BiggerPockets: https://www.biggerpockets.com/users/caelir?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @ridgelending or https://www.instagram.com/ridgelending/
LinkedIn: https://www.linkedin.com/in/caeliridge/
Website: https://ridgelendinggroup.com/
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Connect with Krystle and Kenny:
Kenny BiggerPockets: https://www.biggerpockets.com/users/kennybsimpson?utm_source=youtube&utm_medium=description&utm_campaign=none
Krystle's Instagram: @krystlersimpson or https://www.instagram.com/krystlersimpson/
Kenny Instagram: @kennybsimpson or https://www.instagram.com/kennybsimpson/
Krystle LinkedIn: https://www.linkedin.com/in/krystle-simpson/
Kenny LinkedIn: https://www.linkedin.com/in/kenny-simpson-32210348/
Kenny Twitter: @kenny_simpson_ or https://twitter.com/kenny_simpson_
Website: https://simpson-team.com/
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James Dainard: https://www.biggerpockets.com/users/jdainflips?utm_source=youtube&utm_medium=description&utm_campaign=none
Kathy Fettke: https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none
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Show notes at: https://link.chtbl.com/OTM
00:00 Intro
04:46 How Low Will Rates Go?
15:39 Who's Still Buying in 2024?
18:36 Rates Aren't THAT Important
22:06 Loans You've Never Heard Of
25:50 Investors Are Using THESE Loans
28:09 Commercial Crash?
35:19 Talk to Your Lender NOW!