BiggerPockets Real Estate Podcast
Business:Investing
The Fed has signaled something significant for mortgage rates. With inflation still rearing its head and the job market hot as ever, the Fed already has enough evidence to hold back on lowering the federal funds rate, which influences the mortgage rate you get on a home. So when will the Fed finally lower rates so we can escape this highly unaffordable mortgage market? Or, can the Fed pause for the foreseeable future as we enter a new era of high interest rates? Caeli Ridge, President of Ridge Lending Group, is here to help us answer these questions.
Caeli works on getting investors mortgages every single day, so she has a solid pulse on the mortgage market. She gives us a mortgage rate update, explaining what today’s rates look like, when the first Fed rate cuts could come (sooner than you think!), and how a mortgage lender calculates your specific rate. She also gives some tips on navigating this high-rate environment and why merely looking at your mortgage rate as a deciding factor could cost you big time.
As we wrap up, Dave will give his perspective on what the Fed is waiting for and the factors that MUST change before the Fed decides to proceed with a rate cut. He’ll also share a few tips on how to get ahead of the competition with today’s high rates and why these unique advantages won’t last long.
In This Episode We Cover:
How long we’ll have to wait for the Fed to finally cut rates
March 2024 rate update and the rate you can expect on your next mortgage
What matters MUCH more than your mortgage rate when closing on a property
LLPAs (loan-level price adjustments) and how to score a lower interest rate from your mortgage lender
The crucial economic factors the Fed is watching to decide when to lower mortgage rates
How to get ahead of the competition during a high-rate environment and buy when the masses are distracted
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Dave's BiggerPockets Profile
Dave's Instagram
Hear Dave on The “On the Market” Podcast
Watch Dave on the “On The Market” YouTube Channel
Sign Up for BiggerPockets Pro to Attend the Market Intelligence Workshop
Grab The Personalized Guide to Picking a Mortgage
The BiggerPockets Mortgage & Home Loan Calculator
Should You Buy Mortgage Points?
Fed Meetings Calendar
Connect with Caeli:
Caeli's BiggerPockets Profile
Caeli's Instagram
Caeli's LinkedIn
Caeli's Website
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-915
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
751: Why the BRRRR Method WON'T Be the Same in 2023
750: Seeing Greene: Don't Fall For the "Quick Cash Flow" Properties
749: From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) w/Josh Janus
748: From $5/Hour to Five-Figure Rent Checks Thanks to "Guaranteed" Rent w/Anne Curry
747: Seeing Greene: “Amplifying” Your Equity and When to Pay Off Debt vs. Invest
746: 28 Rentals Before 28 Years Old (and Doing it All in Just 3 Years!) w/Jake Radawick
745: The MOST Underrated Way to Get Started in Real Estate in 2023
744: Seeing Greene: How to Create Cash Flow & Cutting Costs On a Home Renovation
743: Better Than BRRRR!? How to Make $200K+ on ONE Deal w/Janice Stitzer
742: How to Achieve Financial Freedom Through Real Estate in 4 Steps
741: Seeing Greene: The Cash Flow "Golden Age” Could Be OVER
Bonus: SVB's Collapse: Is Real Estate at Risk in The Fallout?
740: From $500 to 40 Rental Units After Going Broke in The Last Crash w/Eric Quinn
739: Where the REAL Money is Made in Multifamily (Asset Management 101)
738: Future Millionaires: The “Pickle Jar” Offer That Could Score You a Property
Bonus: How to Use the 2023 Housing Correction to Get RICH with Real Estate
737: Lewis Howes: The 3-Step Formula to Go From Broke to Millionaire in 2023
736: BiggerNews: Mortgage Rate Mayhem and New Rules That Could RUIN BRRRR
735: Seeing Greene: Rental Property Deal-Breakers That Could Kill Your Cash Flow
734: Seller Red Flags I Should Have Seen Before Doing a Nightmare Deal w/David Pere
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders