You'll REGRET Waiting For Lower Mortgage Rates

[@TinaMyles]

It's time to acknowledge that a return to 3% mortgage rates may be unrealistic. If homeowners are forced to sell, we will likely see a drop in home prices, leading to lower property valuations. I know I'm not the only one who shares this outlook.

[@KentBrono]

In my opinion, home prices need to decrease by at least 40% before the market finds balance. For those unsure about buying property right now, seeking advice from an experienced financial advisor for optimal portfolio allocation is crucial. This approach has worked for me-I’ve managed to stay profitable over the past five years, accumulating nearly $1 million in investment returns.

[@jessicasquire]

That's impressive! I'd be happy to share more details. I understand the hesitation, especially when it feels like many firms offer similar services. However, finding a trustworthy advisor has been key to my success

[@KentBrono]

Julianne Niemann Iwersen has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.

[@jessicasquire]

Thank you for taking my advice. I'm glad you were able to research her background and feel confident moving forward. I hope your call goes well-her track record speaks for itself, and I'm optimistic you'll find her guidance valuable

[@MagarethWoods]

Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.

[@NatalieDormer-or4jj]

Wow that's awesome, everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

[@ArshbyJushua]

Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should do?

[@MagarethWoods]

Cryptocurrency/stock investment, but you will need a professional guide on that.

[@MagarethWoods]

Facebook 👇

[@MagarethWoods]

Evelyn C. Sanders

[@marcelrodriguez2067]

Its not about regreting dude we simply cannot afford to buy a house with these prices and rates because the bank simply wont approve it with the average income 😂

[@Dee0426]

Yeah. It’s best to not buy if you can’t afford. Time to make more money AND get married to someone with a decent income. That’s the only way. Me and my wife make 200k post tax and we got approved for a 1M loan. Of course we couldn’t actually afford that we bought a house for $635k @ 5.5% in Sept. mortgage after insurance etc is 4k

[@jdrivers6488]

@@Dee0426 That’s a solid approach, and it’s great you and your wife were able to find something within your comfort zone despite being approved for much more. It’s definitely not about maxing out what lenders offer, but about what’s realistic for your finances and lifestyle. For many, though, even with two incomes, affordability is still a challenge, especially with interest rates like 5.5%. It’s good to hear you made a smart decision rather than stretching too thin.

[@jdrivers6488]

He’s not referring to people who can’t afford housing; he’s talking about those who are waiting for market prices to drop.

[@jdrivers6488]

He’s talking about those who are waiting for market prices to drop. Some people genuinely can’t afford housing, but many others spend most of their income on fancy cars, dining out, and branded clothing-trying to impress people who don’t care about them. They’re going broke trying to look rich, which sadly seems to be the case for about 60% of Americans.

[@royjohnson9043]

make more money

[@lorenzorocco82]

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments...

[@heidvsjekdndjdfjcc2837]

It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Ricky! Imagine i invested $50,000 and received $190,500 after 14 days

[@jameslongwell5025]

Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.

[@joshraphaelbatusin933]

Ricky Wen demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@scrumpy615]

he's mostly on Telegrams, using the user-name

[@scrumpy615]

Rickywen3 💯..that's it

[@shawnbrockman9729]

Says every real-estate agent.

[@yolarock2961]

We just purchased our 1st home in the US a few months ago with a 6.6% interest rate. We didn't think it was that bad as we used to have a 10% rate in Mexico 😂 We are just hoping to refinance in the future in case the rates come down 😢

[@stefanforest7582]

Buying now or later? One of the biggest factors is location. In some cities, prices have come down a lot, but the supply of available homes is still very high in terms of historical numbers. In other cities, builders are inactive, and prices may go up soon. Let's take Austin as an example: Rents fall like a stone here. Great 2-bedroom apartments are available for under $1500, and they are falling by 10% per year. The city has a massive oversupply of options for rent. There are thousands of options to choose from. Buying a slightly larger home? --> You would pay $800 to $1500 on property tax alone! With all costs, owning a home is at least 3 times more expensive than renting. In each city, this math looks different.

[@JebSmith]

Real estate is local as you know…….. my understanding is all of Austin isn’t like that. It’s just certain pockets of Austin. Is that not right?

[@stefanforest7582]

@@JebSmith mmgrea has a lot of data about Austin's subareas. It also covers other cities. So yes, location even in Austin matters.

[@mohamudidrisi9489]

@@JebSmith Why do mislead people by saying that buying a home is building wealth? A home is a place you buy to live in and raise children and it only becomes wealth when old people die and they're descendants inherit the house and sell it and divide up the money (wealth)! Building wealth comes through starting a business of any kind like building or buying apartment complexes to rent out to people.

[@KeithWagner8]

You talk as if you have never made an amortization table at rates this high 🤦. Buying a home is absolutely NOT worth it right now. At these rates you would never make any money off of the home if you were to sell in any of the 30 years of the loan term. You actually lose a significant amount of money and end up paying over double the initial cost of the house over 30 years. The house won't even appreciate to over the amount you paid even assuming a 3% growth. Yea, you could refinance, but you suspiciously didn't even mention LTV requirements. So even if rates went down in the next 5 years, these buyers probably would not even be able to take advantage of it! You are absolutely pushing a irresponsible purchase on people and you know it.

[@n0rbakn0rbak38]

👎 Ultimately, the decision to buy a house with interest rates at 6.84% depends on your individual circumstances and priorities. It's crucial to weigh the pros and cons, consider your financial situation 👍

[@JebSmith]

Always!

[@TienMeyer]

We bought our house on the last day of December 2023 for $305k with $5k credit from seller, interest rate at 6.9% (a little high but waiting for refinance). Now the houses with same sq ft on sale for ~$400k in same neighborhood...

[@donnynguyen5711]

Smart move. Date the rate

[@nickvin7447]

Yeah I doubt it unless you live in the northeast or CA. Values have dropped steadily in most areas.

[@maitruong1122]

Yes. This is truely about real estate education. As a broker, I've been telling people the same, trying to educate them when it comes to buying a home. They just keep thinking about interest rate too high and waiting for housing drops. They stuck on that and not making a move when they in need of home for family.

[@nickvin7447]

lol, as a “broker”. As a real estate investor, this may be the worst time to buy a home in US history.

[@ronaldpearson6142]

Basically your screwed either way. High rates or High prices. But to voluntarily enter into both is crazy.

[@JebSmith]

how else would you enter?

[@Dee0426]

Just buy what you can afford. Get out of debt and increase your income

[@2JsOutdoors]

Facts! lol. Rates are going to “drop”, now rates are not…..crazy how time exposes all. Total price or bust! People seem to be figuring it out in the SE of the U.S.

[@KeithWagner8]

@@2JsOutdoors "Total Price or Bust"?

[@2JsOutdoors]

@@KeithWagner8 you should negotiate total price. Not be a lying rate bro.

[@davidnoticiero6728]

Jeb’s message hasn’t changed, buy when you can afford it instead of holding off and waiting in hopes of buying at the bottom of the market. Unfortunately the bottom was almost 15 years ago and pre-pandemic prices are a thing of the past, the population has only grown and the supply of housing hasn’t kept up over time. Housing prices may not go up every year and in some markets might fall a but, a large scale crash in prices just isn’t happening short some full on economic calamity.

[@JebSmith]

Agreed, David! Preach, Preach

[@MrR40388]

Depends on where you look. Try Oklahoma or Nebraska. Ohio. It will take years to break even on homes in high cost areas. Stay away from the west coast and northeast as well as south florida,

[@FarCry164]

As a loan officer I totally agree with you. I have had some clients agree with you and have started to buy, with the intent to refinance when rates get better. Get what you want now and refi later, otherwise there will be too many buyers out there. Prices will increase again, and people will complain about it, they do think we are doing it for our own good.

[@joshblackburn8471]

What makes you think rates are going to go down? The Fed cut rates but yet the 10yr rose. The days of sub 5% rates are a thing of the past..

[@alkarim5890]

As Washington Dc region resident, Everyone knows how it’s the rent market nowadays instead of buying a home ! All signals are here for massive layoffs on the way to then blast home foreclosures … invest on yourself for a profitable side hassle to have a big percentage on your dream home down payment.

[@mzelaya89]

Austin Texas CLOSED IN NOVEMBER 2024 4.75 30 year fixed, 25% down HOME PRICE 565K (Mortage principal taxes and insurance $2900 mo) =]

[@micah_1198]

So my situation is crappy. My landlords are selling their house and think it is worth way more than what I got the CMA on it. Needless to say I decided to expand out and look at other homes. We found a newly constructed home for $298,100. But they are doing a rate buy down because I’m getting the $25,000 incentive from the builder making our payment for the first year $1,600. Can anyone help me? Should I just pull out and get an apartment?

[@powerfuld1]

God bless you for this nice video I really appreciate you for your sincerity. You are highly knowledgeable in this field. Thanks 🙏 ❤

[@plixie1]

My house, across from a state prison. Went from 345k to 528k Tax Appraisal. We know that homes sell above taxed appraisal. In fact, they are still building my model house in my subdivision and are selling it for 560k+ on the low end. If we had waited we would of missed our forever home, couldn't afford it now and not even close. Like 2k more a month at these rates and higher prices.

[@JoeyOlin]

All agents said like this. otherwise they don't make income🤣. Thing goes up, must come down.

[@rockyp19]

That’s why home prices have been going up every decade for the last 40+ years, makes sense Joey thank you for the expert analysis comment 👍 😂

[@joeconstan]

Appreciate the video, but I would expect an agent to advertise in a down market. No regrets on taking a risk to see what happens in next few years.

[@Mr.Moose_777]

Affordable?? Hahaha FOMO realtor selling crap if I ever saw one! Don't listen to junk like this. Rates are at NORMAL levels, home prices (Extremely overpriced) due to people like this creating fear and suckering new home buyers. Prove this guy wrong and HOLD! You control the market.

[@powerfuld1]

God bless you You are highly knowledgeable and i appreciate your sincerity.

[@JebSmith]

🙏🏻🙏🏻🙏🏻

[@hamiltonbeaniecat2826]

corcoran said also its a good time to buy. but didnt say if you can afford it. folks you already waited for so long, do your own research. its not the rate, its both the rate and the price. even the investors pause buying. now analyze that.

[@susievidal4134]

Jeb im actually waiting on a new construction giving a 4.9 rate plus 1750 in incentives but builder is behind and may have new construction in February but my issue is the monthly i already qualified for 525k but need to get a mntjly that we realistically can afford im not getting into a home only to lose it thats my worst fear thats why ive been patient and waiting for my dream home

[@tonycombo]

Wrong...

[@NeoSoulCrew]

You told us we didnt miss the boat just two months ago.

[@JebSmith]

Long term you didn’t but short term, rates are likely at stay higher until there is certainty with inflation and the economy

[@ChristianC-gy1ym]

You didn't miss the boat so don't keep waiting for your little 80% market correction and 2% mortgage rates. That will never ever ever happen. If you need a house and it makes financial sense buy now

[@mikepattaya6769]

left usa for 10 years and came back 2 years ago. people here can't afford sht here. its sad sad sad poor and homeless country now. In asia luxury like iphone is unaffordable, housing food and medical is affordable. In US, iphone is affordable, but housing medical and security is unaffordable. Wear suit and tie.. and capitalize all basic rights. Every time someone says house is an investment, present graphs and talk numbers I just realize how I do same with their health.

[@edwgarv6644]

Thank you Jeb for your advice on this important matter.

[@JebSmith]

Always!

[@LandaverdeJR]

Jeb 80% of Orange County buyers might not really care about high interest rates because they are paying cash for properties. For regular lower middle income buyers Affordability and quality increase as you get away from population dense areas.

[@JebSmith]

the latest report shows 28.6% of buyers are cash in OC, that's a long ways from 80%.

[@hugoquintero9189]

I live in California nothing is affordable

[@tommypham1101]

Bro I swear you post this title like 4-5 times

[@JebSmith]

nope, first time........go check.

[@channelpink4376]

No longer bothered by interest rates. if the price of homes doesn't come down, lower interest rates won't change my mind on not buying.

[@JebSmith]

Unfortunately prices aren't likely to come down in most markets. Best case in my opinion is that prices remain flat in real terms......Nominally, prices are likely to continue right at the pace of inflation

[@channelpink4376]

@@JebSmith Changes nothing about what I'll said. I wont have any regrets about not purchasing what I can't afford. And I can't afford these prices. The interest isn't the issue. It's the prices. Even if they lowered interest rates, the homes are too high. Also, homes around me have been selling for less than what people paid in 2022 so idk lol

[@breakfast00club..11]

Funny They are dropping

[@JebSmith]

Dropping? They went from 7.02 to 6.95, pretty sure that's 7% either way you look at it. More importantly did you see home prices continued to go up?

[@breakfast00club..11]

@JebSmith you must be expensive it was 6.25 when I looked stopwatching CNN

[@2JsOutdoors]

So the message WAS “refinance later!” That is obviously now false… so it’s “don’t wait?” Pretty sure people are not waiting on rates. 😂 crazy work.

[@JebSmith]

Huh? That's what you got from this video? I'm pretty sure EVERYONE is waiting on LOWER rates. I talk to buyers every day.

[@2JsOutdoors]

@@JebSmith I’m talking about recent past videos of yours. You clearly indicate lower rates are on the horizon (then) and that people should buy opportunities and refi later. You even said you bought with a 7/1 arm…etc Then, people were clearly saying rates would not be favorable for awhile, and you berated them. Well, now you put this out? Yall seriously are wild for that! The internet is forever. Lucky for you a sucker is born every second.

[@CaptainCaveman1170]

Please tell us all what interest rates did the last time home prices collapsed. I'll help you...they went down, by a lot, and it didn't arrest the decline. Consider the self-serving source of these opinions before believing people.

[@JebSmith]

You mean the only time home price is collapsed, which is not going to happen again. As I mentioned in the video, the only way you’re going to see interest rates decline in a meaningful way is with a softening economy. This time you do not have a surplus of homes, therefore, buyer demand will continue to outpace supply which means home prices aren’t going anywhere but up. Consider the self-serving source the correct source in this case.

[@thejjprincessngo-thepiggyc2513]

House is lower now and interest will drop. Trump will fix all problems and I believe in him