A recent Fed rate cut has sent mortgage applications soaring by 30%, with 30-year rates dipping near 6.39%. The team discusses the benefits of refinancing now versus waiting, along with insights on adjustable-rate mortgages. They also tackle the realities of the purported $100 trillion wealth transfer and the risks of relying on inheritances. Plus, they explore strategies for navigating cooling land prices, including infill lot splits and seller financing to enhance equity and cash flow.
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volunteer_activism ADVICE
Time Listings For Spring Activity
Do list properties into the spring selling window (Feb–Apr) to capture seasonal buyer activity.
Prioritize finishing projects now so inventory hits market when buyers return.
insights INSIGHT
Fed Signals Don’t Guarantee Mortgage Moves
Fed rate signals are backward-looking and conditional on future data, so mortgage rates may not follow Fed cuts.
Investors should watch jobs and inflation data as decisive drivers of future rate moves.
insights INSIGHT
Inheritance Expectations vs. Reality
Relying on expected inheritances is risky because elder care costs and reverse mortgages can erode home equity.
Many millennials expecting large inheritances may find less or negative net wealth when parents tap equity for care.
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Fed rate drop, refinance rush, and a land price reset: what does it mean for the housing market now. Henry Washington, Kathy, and James explain why refinance applications jumped roughly 30 percent after 30-year mortgage rates slipped near 6.39 percent, how today’s ARMs actually work, and why locking a refi now can beat waiting for future interest rates to fall. They outline a practical housing market prediction and forecast, expecting more transactions rather than a surge in home prices or housing prices, plus timing tips for listing into the spring when buyer activity historically rises. You will also get a reality check on the “great wealth transfer” and reverse mortgages, along with a land strategy playbook for a potential price decline, from targeting big-lot houses and infill splits to using seller financing to create equity and cash flow.
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