Buying a Home at a 7% Mortgage Interest Rate is SMART

Video quality	The size	Download

Information Buying a Home at a 7% Mortgage Interest Rate is SMART

Title	:	Buying a Home at a 7% Mortgage Interest Rate is SMART
Lasting	:	13.04
Date of publication	:
Views	:	4,9 rb

You failed to mention the price of homes in the 1980s John working at the factory could afford a home Almost half a million on home prices today is definitely not normal You can also call it an anomaly due to abnormally low rates for an extended period of time
Comment from : @johnnelson9742

In the 70’s the average home price was 3 times the average yearly salary Now the average price is 8 times the average salary The problem is not the rates, its the over inflated price of homes Buyers need to sit and squeeze the sellers back into the real world
Comment from : @chriswb7

👀🤔 WHAT!?!? WOW! brWhat Bad Advice->>> Trump had the Rates Lower Than Any President in History! By 2019 they Were 28 brThey Will Come Down Way Down! We have a Realastate Businessman in Office! brBesides-> We're Borrowing Against the GDP aka-Our Money and Should Never have to Pay High Interest EVER! SMH
Comment from : @earlkeith4135

I close on my home on the 25th if that answers questions
Comment from : @Outdoorchef920

One good reason to pay 7 now is to actually just get the house when rates drop there is going to be price hikes on home prices pick your poison with higher interest rate or a higher home price At least you can always refinance your interest rates later which might negate the higher home prices
Comment from : @leomman0913

No mo mo, it isn’t
Comment from : @nickvin7447

Smartest move at 7 ? The right way to put it is its the dumbest move to buy a house at 7 , but suckers dont have another option , so I will say its the smartest to make them feel better about it - There I fixed it for people trying to interpret this,
Comment from : @straightdrive6192

This is the danger of Truth and lies mixed together, yes in the 80s rates were 18 but the houses were affordable , no time in history has houses appreciated 40 in 3 years !!!!!! You're damned if you do and damned if you don't !!!! This is price manipulation !!!!!!! 🎉🎉
Comment from : @fields1336

Buying my second duplex now got a good deal and locking 15k equity and 0 down with closing costs included 🎉 love lowballs with the Va loan🎉
Comment from : @thestrappingentrepreneur2822

What is your thoughts on ARM in 2025?
Comment from : @youseennothing8432

It is stupidity to buy a home at current rate and price Housing unaffordability is historically high It is wiser to buy homes at lower price and higher rates as one can always refi but you can't lower the price once you have bought it
Comment from : @drajdew1664

We are in a bubble The question is, can it be kept from bursting or rather only oozing out
Comment from : @arizonaf2503

I got a mortgage for 7 last year And almost all of my payment is going to the interest, not the principal It's very frustrating I want to refi ASAP But it looks like rates arent going down any time soon
Comment from : @thewedge8823

A Decent home in my area (MASSACHUSETTS) cost between $450k and $500k How do we buy and keep our payment at 30 of our take home pay which is around $7800 month our gross is around 11k month
Comment from : @brianadams6204

Rates dropping Home prices dropping I will wait
Comment from : @Spillz4444

Don’t listen to this bum
Comment from : @champ2602

Can you talk about what it looked like when you refinanced? brbrWhat was the 'true' rate and the rate you locked in? I understand you took a slightly higher rate to pay off the cost of refinancing? brbrThanks in advance!
Comment from : @JohnThole-t7e

What he's saying is better buy now before house price keep raising up up up
Comment from : @nicknguyen5455

I would never buy a house at 7 interest rate, “it’s so 1980’s” I would never get a car loan at 7brWake up people, right now is the highest financial graft in history This financed bubble is so huge, you will be underwater on all your incurred debt Just say “no”
Comment from : @vickijohnson9367

Hi Jeb, how do you refinance before even paying the first mortgage? Sorry first time home buyer here Thank you😊
Comment from : @louellachang4046

This is what the Mrs And I did last year at 699 given that it might even be harder in the future and we can always refinance later… fingers crossed lol
Comment from : @lizard_king_ant7600

ur full of crap
Comment from : @jakethehitman187

These folks will say damn near anything to make a video smdh
Comment from : @varsitytitan07

Yes, I agree We bought our home in 2023 at 7375, refinanced in sept 2024 at 625 and will continue looking for lowering the rates
Comment from : @amey12344

lol yes 7 is normal when you look at rates over the years, but let’s not ignore the fact home price to income ratio is wayyyyy different…… smh you must work for a mortgage broker pushing this video 🤣
Comment from : @aaronk350

7 may have been normal but prices are the most expensive they’ve ever been adjusted for inflation so most people just can’t afford a 7 rate
Comment from : @jaredwolff6688

Too many people I work with who bought at the 7 rate are house poor Inflated home costs, high rates, prices coming down at least here in FL, and a lot of uncertainty economically Not a time to dump a bunch of money! Now is the time to save and strike from a position of strength!
Comment from : @Mickgeodan23

We bought when interest rates were around 8 in 2023 Refinanced to 5625 toward the end of last year Probably saved us around 50k looking at comps in the same neighborhood today
Comment from : @WillV_

I listened to the 1st TWO minutes of your video hoping you'd also mention the price of houses too You didn't To discuss historical trends of rates WITHOUT talking about the historical price of houses is MALPRACTICE It tells me you canNOT be a serious realtor
Comment from : @fauxmixedhair

1980 houses dirt cheap 100k 15 is nothing
Comment from : @seansungchannel9360

no thanks
Comment from : @mafbloggerdanny

I agree with you 1000,l buying at 7 might be the smartest investment I’ve done, I might not be able to see it right now but like you said a few years from now I will look back and see how blessed I am to have made that decisionbrbrI commented on your video before, about how a Builder reducing the price almost 80k and me and my wife bought a new construction home soon to be built in a very desirable area, with few lots left and low tax rate on the LAST corner lot on OUR FAV floor plan We were waiting until trump lowered rates or when the house was completed being built, but decided to buy before the election Luckily we did cause a buyer had came in the next day to try to buy our home after we put our Ernest money the day before if we would of waited we would of lost our opportunity on our dream home! Thanks for the confirmation on our decision 🙏🏻 brbrIs not about timing the market but time in the market 👏🏼
Comment from : @rodolfoaguilar9195

Best time to plant a tree was yesterday
Comment from : @slurrpboi9647

The Wall Street Journal came out with an article last week stating homes in America are on average 30 overpriced Also stated home sales are in a 14 year low Meaning buyers refuse to pay for overpriced homes Once sellers get a reality check when their homes are sitting on the market for months on end and start reducing prices buyers will jump back in
Comment from : @snownight7

No matter how much the interest rate is, the best time to buy a house is always yesterday
Comment from : @armandgalleon8077

Buying a home at current prices is crazy, it has nothing to do with rates Another YouTube mortgage/realtor who needs to find a real job brRates below 7 probably won’t be here until 2026 which hopefully will provide enough time for prices to come down 30-50
Comment from : @squatfreak1184

Bought my house at a great low price and at a great 2875 and we've overpaid the Principal ever since the first payment was due
Comment from : @winniethepoohandeeyore2

Exactly, I locked in at the end of 2023 at 63 with a VA loan and closed in Jan 2024 Same house a year later the estimated cost for the area has gone up along with interest rates, so I probably wouldn’t have been able to get the same house now Since I bought when I did I was able to refinance during that drop in rates this past Sept-Oct and got it down to 525
Comment from : @tito20x

Maybe we shouldn’t listen to the guy who bought top of market at 7 and in California?! 😂 this guy goes through more mental gymnastics than anyone
Comment from : @user-fd9jh1rh6k

And housing prices are starting to soften So if you can find the house you REALLY want, what's wrong with locking it in now and refi later? If you can't afford the house, your going to wait, hope for the best, and work on your finances, credit, down payment, ect
Comment from : @kenbagwell8551

More real estate agents trying to twist reality Good luck with that
Comment from : @MissDemeanorOG

I get your point but, you need to be in the right spot financially to purchase right now In HCOL areas 1,000 sqFt you’re looking around 600k Unless you’re making around 200k a year and have a massive downpayment you are going to be in the 50 net take home pay area I agree home owning can be great, but if you are going to spend around 1/2 of your take home on housing, you will struggle
Comment from : @beeewest9442

Thanks for the notification smashed the thumbs up 👍 listing from Minnesota bought my first house in 1993 with a assume no qualify @ 11 percent interest never gave it a thought
Comment from : @dixielandproductionco6989