The Real Estate Show

Radio Show Notes 01/24/24 Wednesday:

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"Wednesday Wisdom: Insider Insights on Early Retirement Through Real Estate"

By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate.

Welcome to "The Real Estate Show" – South Florida’s #1 Real Estate Radio Show and America's longest-running daily radio show about real estate. I'm Eric Willner, known as the Voice of Real Estate and founder of America’s longest-running daily radio show about real estate, as well as the creator of The Automatic Landlord System for Owning Cash Flowing Real Estate “Profitably and Hassle-Free.” This show is a virtual real estate seminar in every episode.

1. Did you know that your monthly rent payment could actually be building your retirement nest egg instead of lining someone else's pockets? Real estate investing, with the right strategies, can transform your housing expense into a wealth-generating machine, potentially paving the way for an early retirement filled with freedom and adventure.
2. Did you know that even with student loans or credit card debt, real estate investing can still be a viable path to early retirement? Strategic leverage and smart investment choices can utilize debt to your advantage, turning it into a tool for building equity and passive income that fuels your financial independence.
3. Did you know that retiring early with real estate doesn't require being a millionaire landlord? Starting small, diversifying your portfolio, and leveraging proven strategies can create a steady stream of rental income that, when combined with smart planning, can unlock the door to an earlier and more fulfilling retirement than you ever imagined.

Today, we bring you the "Wednesday Midweek Mortgage & Market Report” Edition of The Real Estate Show, where we continue our discussion on why NOW is the right time to buy real estate. Our theme for the week is "You can retire early in Real Estate."

Did you know that understanding the real estate market and mortgage trends is crucial for planning your early retirement? Today’s show is about unlocking the secrets to early retirement through real estate and how knowing the ins and outs is vital for Real Estate Success.

Before we dive into today's insights, don't forget about our special FREE Workshops this week:

1. Tuesday 8 pm: Path To Home Ownership Introduction – Online by Invitation
2. Wednesday night 8:30 pm: Financial Edge University Overview – Online by Invitation

Now, let's continue our conversation about why NOW is the time to buy real estate. We'll focus on the headlines and news articles that are real estate-related, impacting wealth through affordable housing, and helping you gain independence and peace of mind.

Today's national 30-year mortgage interest rate trends

On Wednesday, January 24, 2024, the current average interest rate for a 30-year fixed mortgage is 7.03%, rising 3 basis points compared to this time last week. If you're looking to refinance your current mortgage, today's national average interest rate for a 30-year fixed refinance is 7.18%, increasing 2 basis points over the last seven days. Whether you're buying your dream home or adding to your investment portfolio, now is the time to seize the opportunity.

In other news, the real estate market is showing signs of stability and growth. Despite external uncertainties, the housing market remains resilient. Understanding these market dynamics empowers you to make informed decisions, contributing to your financial edge. Stay tuned to our Wednesday Midweek Mortgage & Market Report for in-depth analysis and expert insights.

Breaking News: Federal initiatives supporting affordable housing! The government's commitment to promoting affordable housing opens up new possibilities for investors. Aspiring real estate moguls, take note – these initiatives could be the key to your early retirement plan.

If you're ready to gain a financial edge through real estate, text the word EDGE to 561-861-2366. Don't miss out on valuable insights that could shape your path to financial independence.

Homebuyer demand pushes mortgage applications higher, even as interest rates inch up again (CNBC)

KEY POINTS

·         The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.78% from 6.75%.

·         Applications to refinance a home loan fell 7% for the week and were 8% lower than the same week one year ago.

Despite a slight increase in mortgage rates last week, homebuyers showed resilience as mortgage applications for home purchases rose by 8%. However, this surge in demand was still 18% lower than the same period the previous year. The average contract interest rate for 30-year fixed-rate mortgages also saw a modest increase to 6.78%, contributing to the ongoing upward trend in purchase activity. On the other hand, applications for refinancing experienced a 7% decline for the week and an 8% drop compared to the previous year. With current rates higher than the previous year and well above the levels seen two years ago, the incentive for refinancing remains limited for most borrowers. The average rate for the 30-year fixed now stands at 6.92%, showing a continued fluctuation in rates at the beginning of this week.

Continuing with our discussion, understanding the real estate news not only helps you stay informed but also positions you as an organized and knowledgeable investor. It's about having a financial edge over others in the market. The Wednesday Midweek Mortgage & Market Report is your key to unlocking this edge.

Let's explore how current market trends align with our theme of early retirement in real estate:

1. Mortgage Rates as Your Accelerator: With record-low mortgage rates, you have a financial accelerator at your disposal. Lower rates mean reduced borrowing costs, contributing to increased cash flow and enhanced profitability. This is a crucial factor in achieving early retirement through real estate.
2. Market Stability Fuels Confidence: The stability in the real estate market provides a conducive environment for investors. Confidence in the market allows for strategic planning, making it easier to navigate towards your retirement goals.
3. Federal Support for Affordable Housing: The government's commitment to affordable housing is a boon for investors focused on wealth through affordable properties. Leveraging federal initiatives can fast-track your real estate success, bringing you closer to early retirement.

As we delve into these aspects, remember that knowledge is power in the real estate world. Being informed about market trends, mortgage rates, and government initiatives gives you a competitive advantage. It's the difference between making average investments and crafting a portfolio that propels you towards early retirement.

If you're ready to take control of your financial future with real estate, text the word EDGE to 561-861-2366. Our insights can be your stepping stones to early retirement and financial success.

In summary, today's Wednesday Midweek Mortgage & Market Report has shed light on the current real estate landscape and how it aligns with our theme of early retirement. Seize the opportunities presented by record-low mortgage rates, market stability, and federal support for affordable housing.

Before we conclude, mark your calendars for our next show – the Thursday ATM (About The Money) Edition. We'll continue our exploration of why NOW is the time to buy real estate, focusing on the financial aspects and strategies for turning your investments into long-term wealth.

Thank you for joining us on The Real Estate Show. Don't just listen – use our show as your guide to real estate success. Tune in every weekday, as each episode is a literal seminar in real estate. Have a great day, and we'll catch you on the Thursday ATM Edition of The Real Estate Show!

Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

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