How to Sound Intelligent Without Knowing Anything about Rates!

Reblogger
Real Estate Agent with Keller Williams Capital Partners Realty 277320

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Original content by Dick Betts

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

 

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Comments (4)

Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.   Thanks for sharing and have a wonderful day!

Nov 21, 2022 07:24 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

lol. I need a crystal ball to show at open houses as proof buyers shouldn't wait! 

Nov 21, 2022 07:46 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Joe Jackson Thanks for reblogging my post!

Nov 21, 2022 10:23 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joe - that was a good choice to reblog.  It is a good intelligent answer to a complex question.

Nov 22, 2022 03:38 AM