Podcast Episode Details
Back to Podcast Episodes
Low Mortgage Rates for Another Two Years? (Audio)
Episode 842
There's a lot of talk about mortgage rates and whether they are heading higher. But they've actually gone down for several weeks, and some experts see that downward trend continuing, for at least two years. There's even better news about refinancing loans, that we'll hear more about in this episode.
Our guest today is Caeli Ridge. She's president and CEO of Ridge Lending Group which is focused on helping homeowners and investors realize their dreams of homeownership. She's been an established real estate investor herself for more than 20 years with as many as 42 investment properties at one time, and she's dedicated to helping others do the same.
Join RealWealth today to find out how to build wealth with new and renovated single-family rentals. Membership is free, and will give you access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more. To join, go to realwealthshow.com.
Go to www.RealWealthShow.com for more information or to listen to past episodes.
Transcript
[00:00:00]
[music]
Voice Over: You're listening to The Real Wealth Show with Kathy Fettke, the real estate investors resource.
Kathy Fettke: Are interest rates going to go up? If so, how would that affect the housing market? I'm Kathy Fettke and welcome to The Real Wealth Show. Our guest today, Caeli Ridge, is an expert in these things. She is president and CEO of Ridge Lending Group and has been an established real estate investor for over 20 years, holding as many as 42 investment properties across the United States, and is helping other investors do the same. Caeli, it's so great to have you back here on The Real Wealth Show. Welcome.
Caeli Ridge: Thank you, Kathy. I love being here. It's my pleasure. Hopefully, I'll be able to impart some valuable insight today.
Kathy: I'm sure you will and you're so cute because you're like, "Oh, is this video today? Because I just got back from the gym." [laughs]
Caeli: It is what it is.
Kathy: I said, I don't know, somehow over the last year it became video and I also just finished yoga. Here we are. That's the beauty of working from home. Let's talk about interest rates there. There are a lot of experts saying that they probably will creep up, but not too much, but eventually, they might. There's a lot of unknowns here. What are your thoughts on it?
Caeli: A couple of things. Actually, there's some great news that we just got last week, but I'll come to that at the end. That'll be my hook for everybody. We've actually been seeing since somewhere around February of this year, rates start to increase, creep up a little bit, largely initially due to inflationary concerns. We were seeing some of that and then specific for non-owner occupied, our investors, and second home occupancy, there was an announcement back in March, March 10th, I think, to be specific.
Fannie and Freddie released that-- This gets a little technical. I'm going to try and abbreviate, that they were going to be increasing [00:02:00] their risk layer for the non-owner-occupied properties. They have a senior preferred stock agreement with the treasury, which by the way, is purchasing or has been purchasing mortgage-backe
Published on 4 years, 4 months ago