How to Sound Intelligent Without Knowing Anything about Rates!

By
Real Estate Agent with TOUCHSTONE REAL ESTATE

I host a lot of open houses a week so get the chance to meet potential buyers and many bring up interest rates.  They ask what do you think will happen with interest rates, hmmm I need an answer that sounds good without making a prediction.

Here is my plan: I went to Amazon and ordered a crystal ball and started researching terms and trends to build my presentation, here is my line I plan on saying while staring into my crystal ball:

Interest rates are tied to many factors and most consumers see what the fed is charging for financial institutions which can affect but also can Treasury Bonds and the yields tied to the bonds which we must consider mortgage based securities (MBS) which are bundled and sold by Fannie Mae.  The crystal ball says it expects bond yields to go down while MBS goes up and the Fed loosens money by either slowing or reducing rate.  But if yield on bonds goees up MBS goes down and the Fed moves up it would reverse trends possibly.  The crystal ball says BUY NOW!

 Please feel free to use any of my research BUT don’t quote me!

Dick Betts, REALTOR®

The Betts Team

Touchstone Real Estate

The Villages, Florida

717-860-3107 cell

Dick@DickBetts.com

 

Comments (10)

Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Stop renting, start owning. Whatever interest rates are, do the best you can if you need a mortgage. Pay an extra payment, add extra here and there to knock down the mortgage. Refinance if you can do so without having to sell a duplicate organ for expenses to lower 1.5% or more. Don't wait years to buy and miss out on opportunities Dick Betts !

Nov 21, 2022 03:59 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Dick. You have a future as a political given your ability to create a "word salad"! You need a little more work to perfect it, however, since you ended with "Buy Now"! Those words ring true and ruin the salad. Enjoy your day.

Nov 21, 2022 04:09 AM
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Great information Dick!!! Thanks for sharing!!!

Interest rates are tied to many factors and most consumers see what the fed is charging for financial institutions which can affect but also can Treasury Bonds and the yields tied to the bonds which we must consider mortgage based securities (MBS) which are bundled and sold by Fannie Mae

Nov 21, 2022 04:13 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Dick,
I like it, and it should be easier to learn than the Gettysburg Address, which I learned in 8th Grade. 

Nov 21, 2022 05:10 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed reading your post this morning, TY, Happy Monday, a short week this week, Happy Thanksgiving to you and your family. Bill. 

 

Nov 21, 2022 05:39 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Andrew Mooers | 207.532.6573 I don't get renters rather folks thinking of relocating or 2nd home.  Being 55+ I remind them we don't have time to wait!!!!

Nov 21, 2022 10:26 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Wayne Martin no way politics is in my future but thank you, yes I can create word salads!

Nov 21, 2022 10:27 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Sham Reddy CRS you missed the crystal ball part!  Have a great Monday!

Nov 21, 2022 10:28 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Carol Williams true plus you can add or subtract words and nobody knows!

Nov 21, 2022 10:29 AM
Carol Williams

Good point, Dick Betts .  😂

Nov 21, 2022 02:07 PM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Thanks @Bill Salvatore - East Valley yes a short week only work 6 days this week maybe unless an out of town cash buyer with 7 figures calls Thurday!

Nov 21, 2022 10:30 AM