Well, we just got an early Christmas present, didn't we?

One of the biggest mortgage rate drops in history just happened.

Of course, we've been dealing with these higher interest rates over the past year to almost two years now, and it's been devastating for housing.

It's not devastating. Here's what devastating for housing. It's not devastating.

Here's what it's done. It's put everything in a holding pattern, right? So all of those

investors who wanted to jump in and buy rental properties had been sitting on the sidelines

pushing off that purchase because of interest rates. It also kept people in their homes longer

who didn't want to sell and make that

move because they thought, well, I'm never going to get an interest rate like this again, right?

They're at 4% and like, well, we might as well just stay here for another few years. Can you imagine

literally keeping your whole life on hold for a year and a half while you have to deal with

what the Federal Reserve does.

And it also created this massive bottleneck of properties. There's enormous demand for people

to buy properties. We have not enough properties across the United States. We need five

million single family homes. We don't have them. And so there's enormous demand. And the thing that's been

artificially kind of keeping it all bottled up like a fizzy bottle of soda is these interest rates right now.

So we just saw one of the biggest two-day drops in rates, mortgage rates in two decades over the

past few days here. And this is amazing for the 30-year fixed rate. Now, obviously,

all of this comes because of the Federal Reserve's decision. Jerome Powell this week,

talking about the economy, talking about where things are going, no expected rate hikes coming,

and now we could see rate drops as early as March from the Federal Reserve. And of course,

then everything went into overdrive. The stock market exploded. Gold got excited. And, you know, this is really, this was a similar,

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