The Real Estate Show

Radio Show Notes 01/29/25 Wednesday:

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Wednesday Midweek Market Report: Mortgage Trends & Interest Rates You Need to Know

By Eric Willner, Investor, Coach, and 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! My name is Eric Willner, known as the Voice of Real Estate, founder of America’s longest-running daily real estate show, and 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!

Today is the “Wednesday Midweek Mortgage & Market Report” Edition of The Real Estate Show, where we continue to explore why NOW is the right time to buy real estate.

Everyone is in Real Estate!

Either you are IN real estate because you own it—you searched for it, negotiated it, closed on it, and now enjoy the benefits of ownership—or you are ON real estate, meaning you contribute to those who own it, whether directly through rent payments or indirectly through your employer, who pays for the space they operate in. One way or another, real estate plays a major role in your financial life!

SYSTEMS: Save Your Self Time, Energy & Money

Did you know that the most successful real estate investors rely on systems to create efficiency, reduce risk, and maximize profit? A well-structured system in real estate investing can be the difference between struggling and thriving in today’s market.

Today’s show is about: SYSTEMS – Save Your Self Time, Energy & Money.

Knowing how systems work is critical to creating a plan that leads to success in real estate. Whether it’s financing, acquisition, property management, or tax strategy, systems keep you ahead of the game.

Before we get into the heart of the show, let me remind you of this week’s special FREE workshops:

1. Tuesday 8 PM - Path To Home Ownership Introduction – Online by Invitation. Text "Home"
2. Wednesday 8:30 PM - Financial Edge Academy “101 Overview” – Online by Invitation. Text "Edge"

Do finances challenge you? Most people say YES!

Here is The Financial Edge! It’s the education and knowledge that moves the needle. We are your Financial Team. Let's talk about it... We believe in a 3-pronged approach:

1. Everyone should buy a house - Be a Homeowner.
2. Everyone should have that house in financial order with a WRITTEN Financial/Life Plan.
3. Everyone should own a business that pays them AND gives them tax benefits - The Financial Edge.

Today’s Mortgage Market Update

According to BankRate.com, as of Wednesday, January 29, 2025:

• The current average interest rate for a 30-year fixed mortgage is 7.01%, decreasing 7 basis points over the last week.
• For homeowners looking to refinance, the current average 30-year fixed refinance rate is 7.02%, also down 7 basis points from last week.

Mortgage rates have been fluctuating despite the Federal Reserve’s rate cuts. The reason? Mortgage rates are largely influenced by the 10-year Treasury yield rather than the Fed's direct actions. For buyers, this means being prepared with a pre-qualification (PQ) is more important than ever!

Plus, we have exclusive insight into two new mortgage products and a DPA Program that will revolutionize the mortgage landscape. Want to know more? Text "EDGE" to 561-861-2366 for details!

Market Trends & Mortgage Demand

Recent reports indicate that mortgage demand is declining despite stable interest rates:

• Applications to refinance a home loan dropped 7% for the week but remain 5% higher than a year ago.
• Applications for home purchase loans fell 0.4% from the previous week and are 7% lower than the same week last year.

The Wealth Gap Between Homeowners & Renters

According to the Urban Institute, the median wealth gap between homeowners and renters was nearly $390,000 in 2022, with the average gap exceeding $1.37 million. The key takeaways?

• Homeowners build wealth at a significantly faster pace than renters.
• Rising housing costs make it harder for renters to save and invest.
• Increasing housing supply is critical to closing this gap.

If you’re not in real estate yet, NOW is the time to start! Take the 72-Hour Challenge and get yourself in the game. Text "EDGE" to 561-861-2366 to learn more.

What’s Next for Interest Rates?

Despite speculation, the Federal Reserve is expected to hold interest rates steady at its next meeting. While some voices, including former President Trump, are calling for immediate rate cuts, the Fed remains cautious. What does this mean for you?

• Credit card rates remain near all-time highs (over 20% APR).
• Mortgage rates have stabilized around 7.06%.
• Auto loans continue to be expensive, with the average rate around 7.47%.

While borrowing remains costly, homeownership continues to be the best long-term investment strategy. Locking in a mortgage now means securing your financial future before rates or home prices increase further!

Conclusion

Remember: Real Estate is THE best investment. Period. So get yours today!

Thank you for tuning into The Real Estate Show. But don’t just listen—take action! Use this show to get started in real estate investing.

And don’t forget to tune in tomorrow for the ATM Edition – About The Money. Also, share this show with others who should own real estate!

For full show details and transcripts, visit www.AutomaticLandlord.com.

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..

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.

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