Mortgages Rates & Loan Products:  Rates will continue to moderate downward, likely to stabilize somewhere between 6 and 6.5%.  This will of course support increased demand.  Welcome back to America's #1 Daily Podcast, featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris? https://whylibertas.com/harris or text Tim directly 512-758-0206 IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://members.timandjulieharris.com We do not expect the typical, 30-year fixed rates to go below 6% any time soon, but if you use more creative financing, you can get that rate lower than 6!. You'll also see a wider variety of mortgages and should understand adjustable rate mortgages, how to use points to buy down the interest rate, seller's financing, and builder financing.  FHA, VA, First-time buyer loans and programs will return to the market.   REAL ESTATE LEADS, LEADS and more LEADS: Question: What is Tim and Julie Harris's favorite PROBATE LEAD PROVIDER? Simple, https://alltheleads.com/harris Those methods are all ways you can achieve a 5 to 5 point-something percent interest rate.  Take for example what Toll Brothers Builders are doing currently, with their New Year Home Sales event:  A 2/1 Buydown with the first year at 4.99% Lennar Homes is also advertising 'rates in the 4's for primary residences' According to HousingWire, once interest rates fell from 8.1% down to 7.32%, there was an immediate increase in mortgage purchase applications.  Imagine what will happen when we get down under 7% again.  As of today, we are at 7.077% for the average mortgage rate.  A 15-year conforming is 6.2% (Housing wire) Ready to become an EXPIRED Listing Agent? As promised, here is the discount link for the EXPIRED LISTING LEADS: https://www.redx.com/affiliate/tim-and-julie-harris/?aff_code=670699 Fannie and Freddie are helping as well.  The conforming loan limit for mortgages backed by them in 2024 will be $766,550, which is a 5.5% increase over the old amount of $726.200.  This has already been announced by the Federal Housing Finance Agency (FHFA).  This was raised based on FHFA’s assessment that home prices rose by 5.56% this year. Amazingly, $766,550 isn’t high enough in some areas! There are already provisions for that.  There are markets where 115% of the local median home value is higher than $766,550.  Think about coastal markets where the entry level is around a million dollars. -- The HERA (Housing & Economic Recovery Act) has a ceiling of 150% of the baseline conforming limit, which equals $1,149,825 for one-unit properties.   Additionally, free refinance offers are already available with many lenders and through builder’s financing. Mortgage applications are UP 4% week over week, for the 4th straight week, and that's during the slowest time of year! In conclusion, it's currently ALL GOOD NEWS regarding mortgage products and better interest rates.