Market and Mortgage Rate Update with Trever Kerr

In this episode, John, Kyle and special guest Trever Kerr dive into the “Market andMortgage Rate Update”. Trever Kerr is a professional mortgage advisor associated withGateway Mortgage. With extensive experience in the real estate and finance industries,Trever specializes in helping clients navigate the evolving landscape of mortgage ratesand loan programs.Trever highlights how recent changes in the stock market and the Federal Reserve'sactions impact mortgage rates, discussing the current setting where rates are hoveringaround the mid-sixes. The conversation touches on the differences betweengovernment-backed loans like FHA and VA versus conventional loans, and exploreswhy it might be a wise move to buy now despite the higher rates, as home prices aremore likely to surge when rates finally drop. The episode concludes with insights onupcoming economic events and what savvy investors should consider in the monthsahead.Quotes:"As soon as these rates do come down 1% or so, these home prices are going to goway up and you're going to end up costing yourself a whole lot more money thanhaving that higher interest rate for a year."– Trever Kerr"I think we're getting to a point where people realize rates are never going back downto 3% again.” – Trever Kerr"It doesn't matter if it's a republican president, a democratic president. They want tomake things they understand."– Trever KerrListen to We Are TPM on any major podcast platform including Apple Podcasts,Google Play, Spotify, and many more.Tune in today!We Are TPMTeixeira Property ManagementMansfield, [email protected]———————————————————————————There are a vast amount of ways in today's world to build wealth using real estate andinvesting, not just in property, but in yourself!Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira ofTeixeira Property Management bring you all of the knowledge and experience they canprovide for the confidence to achieve your investment goals, or how and why to createthem. Now, while John and Kyle have a ton to share, they will also be bringing youinterviews with some of their clients, industry partners, experienced investors, andmuch more every week!John and Kyle look forward to sharing the knowledge you need about arguably thegreatest investment vehicle that is available to the masses — Real Estate. Knowledgeis power, and John and Kyle intend to give you as much power as possible. It's notalways about the HOW, but also the WHY, and they will be digging into it right hereevery week!