December 6th, 2023 7:03 PM by Eric Willner
Radio Show Notes 12/06/23 Wednesday:
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Welcome to The Real Estate Show – South Florida’s #1 Real Estate Radio Show!
I'm Eric Willner, your host, the Voice of Real Estate, and the founder of America’s longest-running daily radio show about real estate. Today marks the "Wednesday Midweek Mortgage & Market Report" Edition, where we delve into why NOW is the perfect time to buy real estate, following our theme for the week: "Celebrate and Recalibrate."
Did you know that investing in real estate not only builds wealth but also provides a sense of security and peace of mind? In today's edition, we're going to explore why celebrating your achievements and recalibrating your goals is crucial for real estate success.
But before we dive in, a quick reminder of our FREE Workshops this week:
Now, let's talk about why NOW is the time to buy real estate, drawing insights from the headlines and news articles that impact wealth through affordable housing. Our focus is to help you gain independence and peace of mind. So, grab a pen and paper, as this information could be your key to financial success.
Headline 1: Today's National 30-Year Mortgage Interest Rate Trends As of December 6, 2023, the average interest rate for a 30-year fixed mortgage is 7.43%, dropping 26 basis points from last week. Refinance demand is up 14%, and rates are at their lowest since August. This indicates a prime opportunity for those considering refinancing or entering the market.
Headline 2: High Mortgage Rates Have Limited Opportunities In 2023, high mortgage rates have impacted homebuyers and sellers. However, a Bank of America survey shows that homeowners are willing to move for the right opportunity, with 54% considering a move for affordability. This is a significant shift that could influence the real estate landscape in 2024.
Headline 3: Mortgage Refinance Demand Jumps 14% The 30-year mortgage rate fell back to 7%, sparking a 14% increase in refinance demand. Slower inflation and market anticipation of the end of the Fed’s hiking cycle contribute to this decline in rates. While purchase applications dipped slightly, refinancing is on the rise.
Now, let's take a brief break to thank our sponsor: TimeFixMyCredit.com. For credit solutions, text "Credit" to 561-861-2366.
Continuing our discussion, it's clear that understanding the market trends is crucial. Whether you're looking to refinance or make a new purchase, the current climate offers opportunities. This aligns perfectly with our theme of "Celebrate and Recalibrate."
Headline 4: Homeowners Staying Put Amid High Mortgage Rates Despite declining rates, about 80% of outstanding U.S. mortgages have rates below 5%. Homeowners have been "staying put," but recent data shows a shift. The median monthly mortgage payment is down, and new listings are up by 6%. This signals potential movement in the real estate market.
Headline 5: Prospective Buyers More Willing to Take a Risk With 62% of prospective homebuyers waiting for prices and rates to fall, there's a notable shift in sentiment. Major life events prompt people to move, and changing financial dynamics may lead to gradual shifts in the real estate landscape in 2024.
I want to remind you to take action. Text "EDGE" to 561-861-2366 for a chance to recalibrate your financial future. And once again, a shoutout to our sponsor: TimeFixMyCredit.com.
Now, let's talk about a valuable tool in planning and setting goals – SMART Goals. These are Specific, Measurable, Achievable, Relevant, and Time-Bound. Setting SMART goals is a life hack for turning your aspirations into reality.
As we conclude today's edition, I want to thank you for tuning in. Don't just listen – use our show as a stepping stone into real estate investing. Share this knowledge with others, and join us every weekday for a literal seminar on The Real Estate Show.
And, mark your calendars for tomorrow's edition – the Thursday ATM (About The Money) Edition, where we'll continue our journey towards financial success.
Until then, have a fantastic day, celebrate your wins, recalibrate your goals, and remember, your path to real estate success starts right here on 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
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