Dave Ramsey - Mortgage interest rates are up. Should you wait to buy a house?

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In this video, Dave Ramsey discusses whether or not you should wait to buy a house. He says that even though mortgage interest rates are up, buying a home now is still a great investment.
If you're wondering whether or not to wait to buy a house, this is the video to watch! Dave Ramsey provides a balanced perspective on the current market, explaining the risks and benefits of buying now or waiting. Ultimately, the decision is up to you, but this video will help you make an informed decision.
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At Churchill Mortgage, we believe homeownership is a big part of the American dream. After all, your home is where all of life's moments take place. That's why we're committed to doing what's right for you.
Since your financial goals are personal, we want your home loan experience to be too. By building out a smarter mortgage plan that works with your unique goals in life, you can cut time and money off your loan, which allows you to build wealth. And owning a home is one of the fastest and most stable ways to build wealth.
From your first phone call with our team through the length of your loan, you'll see Churchill Mortgage does things differently. If you're looking to buy a home or refinance and want to work with a family of people who are dedicated to doing what's right for you, reach out. We're ready to help!
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Опубликовано:

6 ноя 2022

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Комментарии : 57

@aliciahernandez6203 Год назад

YOU CANT REFINANCE IF YOURE NEGATIVE IN EQUITY!

@StevenAndTraceyJiles 9 месяцев назад

Great point

@chaparra71 9 месяцев назад

EXACTLY!!!!

@MindOverMatter38 7 месяцев назад

Home prices are gonna go UP! The more they print.. the less a dollar is worth! When in history did things go back to being cheaper?? Soda pops, candy bars, gas.. HOMES,CARS ect.

@aliciahernandez6203 7 месяцев назад

@@MindOverMatter38 True… I hope it doesn’t keep EXPLODING up and it’s a more gradual change.

@westmountainmotorsports 5 месяцев назад

The only way prices go down is if people stop paying their mortgage. People have low rates and tons of equity. It's not gonna happen

@ottens11 5 месяцев назад

Man who apparently hates debt tells you to go all in on debt

@TexasKen 5 месяцев назад

Refinance later.... Still over inflated house.

@dwnshft2drft Год назад

Most people want their payments goes to the house not to the lender.

@PageTurnersbooktube523 10 месяцев назад

Funny, easy for you to say.....I can't afford 2400 dollars a month on just a mortgage and then when everything is included going to 3k a month just for the house bills. Two income is needed for this and my wife is a stay at home.

@trynakillsu1 Месяц назад

Same I might just get into a town home

@StevenAndTraceyJiles 9 месяцев назад

Only buy if the house is within margins of their discretionary income. Dave is a real estate guy, he will always say buy no matter what.

@ghoulishgaming6787 Год назад

This is so stupid. Nobody should take this advice. It’s not the interest rates that are preventing new house sales, it’s the overall prices. Houses that were $110,000 are over a quarter million right now. You can always refinance for better interest after buying the house, but once you buy the house, you’re locked in at that price even if your $100,000,000 house drops down to $400,000. DO NOT BUY A HOUSE YET. The housing market is being artificially inflated by an entire generation that was told to invest in real estate. If you hold out on buying, the prices WILL go down in the next year or two

@butlerbees6639 Год назад

Even if you bought peak 2007 you’d still be way ahead today. Same will go 15 years from now. If you have the down payment and can afford the monthly, it’s dumb to wait around for a lower interest rate.

@caveman9897 Год назад

@@butlerbees6639but if you bought just two years later you would have been way better off, especially considering the bubble created by the FED. Median home in 07 ~215k median Home today ~375k. I’ll wait to buy my next property

@caveman9897 Год назад

Ps. These homes values haven’t increased, the dollar purchasing power has decreased. The same amount of gold would buy the same house 50 years ago as it would today.

@LVH100 Год назад

Agree Dave Ramsey giving wrong info.

@nonons3ns340 9 месяцев назад

@@LVH100lol okay dumb dumb…I mean you clearly are poor so don’t worry this doesn’t pertain to you

@jjdiaz486 6 месяцев назад

A real state agent talking: "buy now, right now"... NOOO DO NOT BUY HOUSES NOW, THATS WHY THEY KEEP GOING UP.

@odablast1 23 дня назад

Spoken just like a man that has real estate investments

@junkgrave Год назад

Truly bad advice at the literal peak of a real estate frenzy bubble

@TheBigSquidAZ 9 месяцев назад

I am currently in the stages of closing on my 1st home here in Phoenix and interest rates are about 7.5% and i think ive made a good choice and this video seems to support that

@churchillmortgage 9 месяцев назад

Congratulations on the new home!

@finewine8886 7 месяцев назад

Congratulations

@spooksyschannel3038 4 месяца назад

Can you afford to keep it?

@alyross2850 8 месяцев назад

“Interest rates aren’t going down in a minute” AND…”you can always refinance “. And….”the value of the property goes up”. The only thing I agree with here is that interest rates are not going down anytime soon. You cannot always refinance if the rates don’t go down AND you don’t have equity because the house may not increase in value given the overpriced market correction we are looking at. Some people HAVE to move, so they should. That’s life. We are going to soon see a huge swath of new inventory for various economic reasons. Wait for it.

@nickzema4683 9 месяцев назад

Great advice if prices weren't also high due to low supply / no transactions occurring.

@chandra9491 Год назад

Some times he gives very dum advice 😂

@christyjean3024 Год назад

Lol

@calebkang5544 4 месяца назад

Don't buy a home now. Rent now buy later. The time to buy is coming and now is not the time. renting is about 60% cheaper now than to buy. do yourself a favor and wait for a better time..

@lawngnome2758 4 месяца назад

I did this in 2006. I had the same thought as daves statement. Lost the house lost 30% value by 2010 and didn't get back to the purchase price until 2015 nine years after I bought it.

@heybudstfunow 2 месяца назад

could have rented it out that entire time. not really a big deal

@89playstation65 2 месяца назад

If interest rates go down, can you refinance to get a lower intersest rate?

@EthnosSynergyEnergy 4 месяца назад

Spoken like a true Real Estate investor

@onetruth493 7 месяцев назад

If rates come down home prices are going up. Sorry, but its a lose lose situation. Noone is trying to sell anything right now.

@lawngnome2758 4 месяца назад

They will be forced to sell when the expensive 30 year mortgage becomes too much to pay.

@alexgoranitis8346 9 месяцев назад

Sure you can buy a house right now, but can you afford to keep it for long? In my area the average monthly mortgage payment is over 50% of the average HOUSEHOLD income. Unless you have more than 2-3 people with good jobs providing money to that mortgage payment, prepare to be house-poor and possibly foreclose in the near future. Please be patient and responsible with your finances, don't change your life decision over a youtube video where the speakers are sitting comfortably and giving struggling people like you advice from the studio. That's what they are paid to do..

@Leilaskips 6 месяцев назад

Not in Canada Every 5 years you have to refinance

@parsley6805 4 месяца назад

Google home prices adjusted for inflation then tell me they don’t come down

@michaellalanae7228 3 месяца назад

Just don't ever get sick ,

@garymaya1767 Месяц назад

Lol, u can. I can't. And 20 years from now hopefully I'm not here on this miserable planet.

@gooberguy7525 6 месяцев назад

Im not the most versed in finance stuff but this is clearly wrong. Interest rates over 7% is insaneee. Im going to get a home with all cash fk this

@gooberguy7525 6 месяцев назад

Mostly joking.. I wish.

@sresto1 7 месяцев назад

lol let me tell you then give me the money and i will buy it so u can laugh as well

@user-ob4em4ge6c 11 месяцев назад

High interest rates are a good thing. RESIDENTIAL real estate values are declining YoY nationally. This decline will continue for years. Decade. God bless, America. God bless, HIGH RATES.