1. I was reading this article from a company called gobanking.com and it was talking about the future of our values here. So this is really important whether you own a home or you don’t own a home, this really hits home. So the article was called, “When it becomes too expensive.” So they took some median income prices for today and compared them and projected them out to 2025 or 2026. Well, it’s already 2022. So 2025 is only three years away, 2026 is only four years away. Lakeland Florida currently about $258,000, expected to be $537,000. Daytona Right now is about $269,000, projected to be $656,000 by 2026. Jacksonville. Currently about $290 is projected to be $632 in 2026. Ocala is currently about $258,000 and expected to be $620,000 In 2026. So the bad news is that housing prices are already up. The good news is, is that if you own homes, you’re gonna get really rich. So buy as many as you can because it’s going to go up and Orlando will be in that same mix, probably even better. So you can look at the glass half empty or the glass half full, I’m gonna choose to look at it the glass half full and keep investing in real estate. I mean think about that. You’re gonna double your money, maybe even triple your money in 3-4 years. I love it.
2. Okay second thing I am holding a financial literacy class, for high school students from the age 15 to 24 years old. Now I’m going to be teaching a class on how to open up a checking account, responsibilities of balancing an account, budgeting, saving your money from your allowance, working some part time work around the house and around the neighborhood to get money, learning how to budget money, learning how to manage and open up a credit card, What are your responsibilities for that and much more. And I’m going to show your kids From 15 years old to when they finished college how they’ll have about $25,000 in the bank. If they just follow a very basic process. Then we can get them into a home. And I’m gonna show them how to leapfrog that first home into five or six homes and how they can retire as a millionaire by the time they’re 40 years old, if they want to, it’s not that hard. If you get your kids into this class, I guarantee you they will see the light. Now, I don’t know about your kids, but my kids don’t listen to me, but they’ll listen to you. So maybe I can help in that arena for you.
3. And then the third big thing you need to know is what did rates do this week. I’m going to tell you something, it’s just another crazy week in my industry. It’s almost hard for me to have conversations with people because they are going up so fast now. I still don’t think rates are high, but compared to what they were, even in December, they’re pretty, they’re they’ve they’ve gone up quite a bit. So if you haven’t refinanced and you are waiting for rates to go down, don’t expect them to go down, we will be hitting sixes and sevens. I can almost assure you of that. Just this week alone, we lost another 100 basis points. Well, 100 basis points will cost you one point when you get a loan. So if you’re getting a $400,000 loan in one week, it cost you an extra $4,000. That’s the way things are going the week before was 160 basis points. The week before that was 120 basis points. So you can see how quickly things are rising. So if you didn’t like rates in the twos and you didn’t like them in the threes and you don’t like them in the fours, we’ll wait till the five sixes or sevens they’re coming, they’re coming. Matter of fact, some rates are already in the fives.

So don’t wait, call me Bruce Woodburn, The Loan Arranger at 407-250-9144. Let me get you locked in. Let me protect you. I’ve got your back. I want your business. You can count on me to make sure we get you to the closing table smoothly and on time and for your accurate information, whether it’s good news or bad news, you got to know the real news and that’s what you’re gonna get here on the three big things you need to know. I have a great weekend and I look forward to hearing from each and every one of you real soon. Have a great day.