Martini Mortgage Podcast: Reality

Reality

Mar 11, 2023

Certified Mortgage Advisor and Raleigh mortgage broker Kevin Martini hosts episode 174 of the Martini Mortgage Podcast called: Reality

Here are some main points discussed in this informative episode about mortgage rates and real estate.

Perception vs. Reality: Many people base their reality on their perception of a headline or article they didn't read, leading to an information crisis about housing.

Mortgage Rates: Mortgage rates are still below their historical average and provide an unprecedented opportunity for homebuyers today.

Ultimate Homebuying and Mortgage Guide: The Spring 2023 edition of the Martini Buyer Guide was created to provide a straightforward explanation of the current real estate and mortgage markets. It features informative articles that address crucial aspects of home buying and mortgage application processes, and it’s the perfect guide for anyone who wants to stay up-to-date on what’s happening in the real estate market.

Inflation: Inflation erodes bond returns and causes higher yields, which increases home loan rates. However, inflation will get under control, and the Fed will slay inflation to improve home loan rates.

The Current Market: The current real estate market offers an advantage to homebuyers due to the bright red zone of buyer demand, where sellers are motivated to participate in deals and even offer price reductions or temporary buydowns to lower rates for buyers.

Trifecta: Taking advantage of the current market allows buyers to lock in the home price, gain equity and wealth as their home value grows over time, and structure their home loan with the lowest cost of borrowing for the current environment.

If homeownership is right for you and your family, the reality is that now is an opportunity, and waiting for lower rates will cost more in the long run. This is critical because money is made in real estate when you buy, not when you sell, and homeownership wins over time.

Contact Kevin Martini at Martini Mortgage Group to explore whether homeownership is right for you.