3 Big Things: 1. Expect a raise in rates from the FED. 2. Learn more about Construction Perm Lending – July 15th, Lunch-N-Learn! 3. NEW DPA program Hometown Heroes, Learn more – July 20th, Register now!

Hey there, it’s Bruce Woodburn with CrossCountry Mortgage and WDBO Radio 107.3FM and AM580. And it’s time for the three big things you need to know.
  1. First big thing you need to know. The Fed is probably going to raise the rates again. Probably going to be a half to three quarters of a point, that’s what we’re expecting. You’re going to start to see interest rates already creeping back up. Now listen, the last two weeks we’ve seen an improvement in rates, not a lot, but a little bit of improvement. Which is better than me coming into the office every day and wondering what  the rates are going to be. I felt like I was spinning the wheel to determine what rates were gonna be on any given day. You start off in the morning and they’d be okay and by the end of the day they would be up again. So the last two weeks we saw some breaks and of course midweek, it got a little bit rocky. We had a day when the Fed came out and announced that they probably would raise rates. It wasn’t even an official announcement, but they already jacked them up. So they already started going up again. You can expect that to happen. I think things will start to taper off around October or November, depending on how the midterms go.
  2. Second big thing. You need to know, I am going to be teaching a class on construction perm lending, not new construction, not with production builders, but how you or a client of yours, can walk through the process to go find a lot, find a builder and build a custom home that they love. There’s a lot of advantages to a custom home. I’ve got all the products but most real estate agents and clients have no clue as to how a construction loan works. It’s night and day from a traditional loan. I have all the information. If you are a real estate agent listening to this and you don’t know the aspects of construction perm loans and how they work and how mine works because I’ve got the best in the business. I’ll put it up against anybody’s CP loans anywhere. If you are a builder and you build between five and fifty homes, call me. Let’s get into this class. That will be on Friday the 15th at 11 :30 to 1pm. It’s gonna be at Outback Steakhouse in Clermont. I’m buying lunch, Okay. Sit down, enjoy it and let’s learn a lot. We’ll get through this in about an hour and 15 an hour and a half. I was going to charge $15 a head to get in for lunch. But you know what lunch is on me, just come. But you’ve go to register. I only have like 30 seats available for this. It’s a small venue.
  3. Alright 3rd big thing you need to know, Wednesday July 20th, I am teaching a hometown heroes class to the general public and to real estate agents. You must know this program inside out, the good, the bad and the ugly. But we’re also going to go talk about other down payment assistance programs. Orange County, Seminole County, Lake County, City of Orlando, whatever is available for D. P. A. We need to be able to compare the differences so we can properly help a client navigate through the system and some of them you can even stack. This is going to be a class about how you can pick up more clients and help more people. The market is going to be down through the end of this year. I can tell you one thing if you’re a real estate agent and you’re not grinding it out, doing everything you can to show your clients value, you are going to see a substantial decrease in your salary and your income. Don’t let that happen. Be a trusted advisor. Have all the tools in your toolbox. This is one of them CPs, Hometown heroes, D. P. A., it’s going back to that baby. I’ll see you at my classes but register right now at WeBringYouHome.com because I’ve got limited seats available, appreciate each and every one of you.

I’m grateful for all of you. I’ll see you, but make sure you register right away, have a great weekend.

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