Episode Details
Back to Episodes002 - This Will Fix The Housing Market!
Description
How To Fix The Real Estate Market
Why we are in a pickle
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No Short Sales
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No Foreclosures
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Low Interest Rates
March 15, 2020, President Donald Trump announced that the Federal Reserve Board would buy up to $200 Billion Dollars of Mortgage Backed Securities.
Audio Clip of President Donald Trump
The results, lower rates, everyone refinanced!
AP News 4/21/2022 https://apnews.com/article/business-health-lifestyle-home-sales-mortgages-cbc2753126582b7647d571ea09fe9f60
Roughly 62% of homes have mortgages
(38% have no loans)
92% are at or under 5%
57% are under 3.5%
Interest Rate Examples
Low Rate
3.25%
$500,000
30 year
Payment $2,176.03
New Rate
7.00%
$3,326.51
Increase of $1,150.48
What are some possible solutions?
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Foreclosures
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Short Sales
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Lower Interest Rates
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Aaron Zapata's Proposal: Take Your Rate Mortgage Plan
Today's Sponsors:
#realestate #baldbrothersteam #mortgagerates #housingmarket #ideas #socal #beaconescrow #impactprop #interestrates #shortsales #QE #mortgagebackedsecurities #fanniemae #freddiemac #ginniemae #trump #donaldtrump #covid
Copyright. The Bald Brothers Team is a licensed DBA of IMPACT Properties Inc. in CA. License number 01922671. Equal Housing Opportunity.