Episode Summary:
Welcome back to "The Real in Real Estate"! In this popular archived episode, we revisit a crucial discussion with lender extraordinaire Chris Kelso, focusing on the ever-changing landscape of interest rates. If you're trying to understand how we arrived at today's rates and what they mean for your home-buying power, this episode is your definitive guide.
With 23 years of experience in the mortgage industry, Chris Kelso provides invaluable insights, breaking down complex market dynamics—from government policy to inflation—into clear, understandable concepts.
In this episode, you will learn:
✔️ The Real History of Interest Rates: Discover why today's 7% rates aren't historically high when compared to the 11% rates of 1999 or the all-time average of 7.5%. This context is key to making a confident decision.
✔️ What Really Controls Mortgage Rates: Go behind the curtain to understand Mortgage-Backed Securities (MBS) and how the government's actions during and after COVID-19 directly impacted your mortgage rate.
✔️ The Fed's Role in Your Wallet: Learn how the Federal Reserve's fight against inflation, by raising rates to 5.25%, has influenced the market and why Chris Kelso offers his personal opinion that they may have "gone too far."
✔️ 3 Actionable Strategies for Today's Buyer: Get the details on powerful loan options like the 2-1 buy-down program, VA loans (with rates in the low sixes), and first-time homebuyer programs that can make homeownership more affordable right now.
This episode is a must-listen for anyone looking to understand the forces shaping real estate and make informed decisions about their future.
How to Reach Chris Kelso:
- Cell Phone (best way): 713-256-9138
- Website: newamericanfunding.com/chriskelso
- Email: chris.kelso@nafinc.com
Listen to the full episode now:
Thanks for Listening:
Big thanks for tuning into our podcast! If this episode brought a smile to your face, consider sharing it through the social media buttons on this page. Got thoughts or questions about today's topic? Drop a comment below or reach out via our website. Your engagement keeps the conversation alive!
Follow Us On Socials:
Facebook
Instagram
TikTok
YouTube
