3 Big Things: What happened this week in the market, a gift from Fannie Mae and Freddie Mac and see where Orlando ranks on the best cities to live.

Bruce Woodburn with CrossCountry Mortgage, The Loan Arranger. And it’s time for the three big things you need to know. So let’s get right down to it. Now, this information is very valuable if you are a real estate agent or a builder representative or somebody in the real estate business. But it’s also really important if you are considering buying or refinancing a home. So let’s get right down to it.

  1. First, big thing you need to know and you don’t get any fake news here. Interest rates are still on the rise, folks. That’s right. We lost some more ground this week in the bond market just today alone, we’re seeing over 50 basis points lost in the bond market. 50 basis points equals a half a point to the discount points. So whatever was at zero points this morning, is at a half a point this afternoon. Not great news. The good part of that is houses are still continuing to go up in value, even though that it is slowing down slightly. But we’re not expecting the market to stabilize anytime soon. We’re expecting about 15-20% growth and appreciation in the market. So there’s good news and bad news.
  2. Alright, second big thing you need to know and that is, we’ve got a gift just this week from Fannie Mae and Freddie Mac that they’re relaxing their requirements for self employed people on how many bank statements they need to provide for their business and profit and loss statements. Now, that’s really good news because usually the self employed buyer or self employed applicants is at a disadvantage. This is going to make a big difference for them. So if you are self employed or you know, somebody that’s self employed that wants to get a mortgage, make sure they reach out to me because things have changed.
  3. The other big thing you need to know, I thought is super exciting, which really negates any issues that we should have in terms of maybe regret because of interest rates rising. And that is the announcement came out for the top 10 cities in the United States to buy homes in. Guess what? Tampa number one, Jacksonville number two, Orlando is number nine. Pretty darn good. So you’re living in the best place to live in the country, not just the state but in the country. We’re going to continue to see lots of appreciation here. So, good news for those that own real estate. The thing for people that don’t, get in. Now, even if interest rates are rising, you’re gonna make a lot of money in real estate.

And then as a bonus, I am teaching a class called Real Estate Mastery. You do not have to be a real estate agent to join this class. It will be a zoom class. I am limiting to 100 seats available on that zoom class. You must register at, WeBringYouHome.com. It will be a zoom meeting on Thursday the 24th at six p.m. This is going to be about strategy and technique on how to buy and sell real estate in this environment. So if you’re in real estate, you need to join. If you want to buy a home, you should absolutely attend this. If you want to invest in real estate and have multiple properties, I’m gonna give you some strategies that I’ve personally used. Hope You have a great weekend. These are the three big things you need to know. We’ll check in for you again next Friday. Have a great weekend.

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