Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE (AmeriFirst Financial Inc, San Diego, CA)

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Rainmaker
853,511
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good information. We are on Mr Toad's Wild Ride.

Mar 16, 2020 02:43 AM
Ambassador
3,675,236
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Ha! I actually did get a call already yesterday about this. I explained #1 and suggested they may look into stocks, your #3!

Great tips, Jason.

Mar 16, 2020 01:36 AM
Rainmaker
1,295,732
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The Fed lowered a key intra-bank rate.  Mortgage rates cannot be zero, otherwise what bank would lend money for 30 years with no profit?  Banks lend out the money you deposit for a higher interest rate, so that they can pay you the interest on your money.

Mar 16, 2020 10:32 AM
Rainmaker
578,122
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

The mortgage rate isn't the rate that was lowered, in fact, it has risen slightly in the past few day.  

Mar 15, 2020 11:42 PM
Rainmaker
768,442
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's very dangerous to verbalize someone else's "talking points" when you don't have the background knowledge to back them up. Most agents should not "go there".

Mar 16, 2020 10:41 AM
Rainmaker
989,308
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Well done Jason E. Gordon 

Mar 16, 2020 02:48 PM
Rainmaker
1,267,659
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

I wrote a blog recently on that very topic, Jason E. Gordon ... and I have shared that with my entire client base again, as of today.  Hopefully, it answers many questions ... and perhaps even creates a few too.  I've tried to educate and address the topic head-on and proactively.  I'm sure many will appreciate your talking points, as the questions ARE getting asked.  In large number and frequently ...

 

Mar 16, 2020 11:26 AM
Rainmaker
2,868,439
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Thank you.

Mar 16, 2020 11:09 AM
Rainmaker
798,589
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Thank you Jason! Nice and simple and clear.

Mar 16, 2020 09:18 AM
Rainmaker
5,764,539
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Smart consumers are anxious to take advantage of the very attractive mortgage interest rates.

Mar 16, 2020 09:16 AM
Rainmaker
3,155,570
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Many do ask if that means mortgage rates will now be 0. However it makes for great opportunities to talk to consumers and attract new clients by answering correctly and that helps that consumer. 

Mar 16, 2020 06:33 AM
Rainmaker
1,725,782
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

In my field, Notary Public, Certified loan closer, I am not allowed to discuss this at all with clients Jason E. Gordon 

Mar 16, 2020 08:07 AM