Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
The Complete Guide to Reverse Mortgages
Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income.
With The Complete Guide to Reverse Mortgages, you’ll learn all you need to know to earn the supplemental income you need, without worrying about:
- Having to sell your home
- Give up your title
- Or take on a new monthly mortgage payment.
Tyler Kraemer has been an attorney in private practice focusing on estate planning, real estate, finance, and business law for almost ten years. His clients include lenders, borrowers, mortgage brokers, real estate brokers, real estate buyers and sellers, and business owners.
Manufacturer: Adams Media
List Price: $12.95
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Market Update with Kenn Renner and Kenton Brown - Austin Home Prices & Interest Rates Going Up? Transcript: Kenn Renner: We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf. Kenton Brown: Well, and speaking of market timing, its kind of interesting because the graph kind of looks like a smiley face with a line through it. People never actually know that its turned until after the fact. Its historical. So I looked at some analysis just out of curiosity. Since rates have gone up a half to three quarter percent recently, I started to look at how that affected buying power. Every half percent represented somewhere between $7500 and $8000 of buying power on a $150000 house, which is what I used as a benchmark because thats the typical price range for a first time homebuyer. So when you start to look at where rates were just as recent as November of last year, rates were about 6.25% to 6.5%. So each percent in rate is representing roughly $13000 to $15000 of buying power. I think people are starting to see that rates arent going to 4% any more because the mechanics arent there and theres only a certain amount of demand in mortgage backed securities, which is what is driving the lower rates. So were in a perfect situation right now where rates are tremendously low at 5.25% to 5.5%. Theres still a good amount of inventory out …
Once again, real estate, within the discourse of market conditions is primarily negative: ‘Slow recovery’, ‘Brink of disaster’, ‘Homebuilders are devastated’, ‘Weak demand’, etcetera, etcetera, etcetera. The discourse is mixed, but the message is primarily ‘doom and gloom’.
