658: BiggerNews September: Mortgage Rate Predictions from the Nation’s #1 Lender
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 6 September 2022
⏱️ 55 minutes
🧾️ Download transcript
Summary
Mortgage rates went from being a nap-inducing topic to becoming one of the most talked about, researched, and debated subjects of 2022. After two years of rock-bottom interest rates, homebuyers and investors are getting a rude awakening with some of the biggest mortgage rate hikes in decades, used simply to slow down the economy’s rampant inflation. But where are we headed, and if interest rates go higher, is there a way that the everyday investor can still lock in a low payment?
There’s no better person to ask than US Wholesale Mortgage’s Mat Ishbia. Mat has been running the US’s largest wholesale mortgage company for decades, so he knows the ins and outs of the industry better than anyone else. His company provides some of the lowest payments and fastest closings for residential and investor borrowers around the country. With all this background knowledge, where does Mat think that mortgage rates are headed by the end of 2022?
Mat pulls out his wealth of knowledge to give investors just like you the best glimpse into the future on this month’s BiggerNews episode. Not only that, Mat walks through how every borrower can save a whopping $9,400 on their next mortgage by making one simple move, and why investors should work with a mortgage broker first, not a mortgage lender, when trying to find the best rates, service, and closing dates around.
In This Episode We Cover:
Why working with a mortgage broker gives borrowers better pricing and flexibility
Interest rate predictions as we enter into the second half of 2022
Where to find the cheapest mortgage (regardless of interest rates)
Housing market forecasts and whether or not the recession will hit homebuying
DSCR loans and other investor-only loans that won’t require a W2
How interest rates are calculated by mortgage lenders and what happens behind the scenes
And So Much More!
Links from the Show
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
What’s the Difference Between a Mortgage Banker and a Mortgage Broker?
Ask These 19 Questions to Find the Best Mortgage Lender
Hear About David’s Low Money Down BRRRR Deal
Book Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Connect with Mat:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-658
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Transcript
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| 0:00.0 | This is the Bigger Puckets Podcast. |
| 0:02.0 | Show, 658. |
| 0:04.0 | Is that I control my own success or lack their success? |
| 0:07.0 | Work as they can add as you drive success? |
| 0:09.0 | Money will always follow. |
| 0:11.0 | Stop focusing on just the dollars. |
| 0:13.0 | Like focus on if you find a good property, buy the property. |
| 0:15.0 | You'll figure out a way to make it work. |
| 0:17.0 | Like, money follows success. |
| 0:19.0 | Not the other way around. |
| 0:21.0 | It's not always about the exact penny. |
| 0:23.0 | You know, a few of the focus on every penny all the time. |
| 0:25.0 | End up making money, but not making it as being as successful |
| 0:29.0 | as making as much money as people that focus on winning and building a bunch of properties. |
| 0:33.0 | And getting a bunch of opportunities and you will make money, money follows success |
| 0:36.0 | is the biggest thing I live by. |
| 0:37.0 | What's going on everyone? |
| 0:38.0 | This is David Green, your host of the Bigger Puckets Real Estate Podcast. |
| 0:41.0 | Here today with a bigger news episode with one of my favorite co-hosts, Mr. Dave Meyer. |
| 0:47.0 | Dave, good morning to you. |
| 0:48.0 | Good morning. |
| 0:49.0 | I'm sure you say that to all your co-hosts, David. |
... |
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