Are Mortgage Rates Dropping in 2024?

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Everyone wants to know if mortgage rates will drop in 2024. If mortgage rates drop WHEN will they drop? How much will mortgage rates drop? In this video I give you information about inflation that leads me to believe rates may be higher for longer and you should prepare accordingly.
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Опубликовано:

7 сен 2024

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Комментарии : 7

@jvolstad 5 месяцев назад

Inflation is out of control. No way interest rates should coming down.

@MattTheMortgageGuy 5 месяцев назад

Worse than we thought for sure

@ei15870031 4 месяца назад

Bro, he didn't slow anything down. JPow is saying rate cuts are not happening this year.

@MattTheMortgageGuy 4 месяца назад

Think he'll announce the possibility of rate HIKES this year tomorrow?

@Mona-yb2in 5 месяцев назад

We were told that a 2-1 Buy -Down is not worth the cost right now. But you are saying perhaps a 1-0 Buy-Down may be the way to go because of what you explained about inflation and the rates likely coming down by end of '25. Did I understand you correctly? How do you calculate whether the cost to do a 1-0 Buy-Down is justified? Thank you, Mat!

@MattTheMortgageGuy 5 месяцев назад

Really depends on the person. How payment sensitive you are , how much the seller is willing to credit, etc. I just put one into contract that'll do a 2.1 buydown. (Required $12,400 in seller credit)- this will help the buyer immensely in first 24 months having payments Over $600 less in year 1 and over $300 less in year 2. Very likely they will never get to the full payment and 6.999% that starts in month 25.

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