Be honest, someone convinced you you’d be able to refi by now!! Instead, you’ve only gotten escrow notices in the mail…. explaining how your insurance and tax have gone up! FOMO!
@@LockedUpLarry Not exactly. I retired at 49 after living frugally. I come from a broke family and didn't want to live that way. I own five houses and bought my retirement home on the coast and didn't want to part with all the money to buy it so I financed some of it. My insurance is less than $2k a year. The taxes are a grip but I planned for it. I won't lie, I bought into that Nick doom and gloom guy for a while but he really just cost me $200k by waiting to buy my dream home. I owned houses through the last down turn in '08 and it didn't cost me anything. You only lose money if you sell. Could there be another crash, yes life is uncertain. What I know for sure is a lot of people are being mislead by RU-vid idiots who have found their fear niche and are making money off of people who buy into it. The money I stuffed under the mattress hasn't earned me a dime. The money I leveraged and invested years ago is what made me money. Read "The Simple Path to Wealth". Time and money makes money.
@@LockedUpLarry No one convinced me of anything. I bought a house I wanted and could afford. I live frugally, own four rental houses and have been there done that with all this. I'm so tired of all the RU-vid geniuses out there that know everything. The only thing most really know is how to capitalize of the fears of the masses to get their algorithm right, making money on their fear niche. Time and money makes money. The Simple Path to Wealth. The only FOMO I have is we all have one life to live. I want to live mine doing what I want with the money I've earned without being manipulated by fear mongers on RU-vid or in office.
rates have gone up almost every day since the FED meeting. Check out todays video to understand whats going on. There is no news until the Unemployment numbers coming out on Thursday. Weak report may in fact help yields come back in line.
Good daily update, thank you! So much uncertainty in the markets right now i hate it lol. I honestly could see rates going either to 5.5 or 7.5 a year from now. Wish we could get back to a more reasonable "normal" but the realist in me is thinking that might not happen again.
Selling the long term benefits of tariffs and buying American made products, is like asking a 2-year old to pick between a $10K savings bond and a 2 cent piece of candy.
check out todays LIVE i did earlier. I need to polish up the LIVE Event but today I posted to go over just some basics PLEASE check it out and let me know your thoughts ru-vid.comhmXUHBngDEA
Do you think mortgage interest rates will dip within the next week or so? I close on 10/30. Lender is holding off on me locking rate but I don’t want gamble on this, rates could continue to increase
If they do go down it will be slightly. If they go up. They will go up by more than they will go down, if that makes sense. I'd lock now before it hits 7 again. I got my lender to pay for a 1 year by down, hoping after that year I can refi to a lower rate, im locked at 6.5
How is it the MLOs of the internet are the only ones confused that rates are going up….AND that the economy isn’t looking favorable. 😅 Folks, don’t FOMO. Buy with only 28% income! Keep in mind insurance and taxes are going up quick. In other words, budget that in!
We need our manufacturing base back steel included because it's a matter of national security China is NOT our friend if we go to war with them does anyone think they'll ship goods here that would help us with the war effort 😂
