9-7-2023 – The Majority of Homeowners Feel 'Locked In' by Their Current Mortgage Rate
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 8 September 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
After bottoming out below 3% in January 2021, the average rate for a 30-year, fixed-rate mortgage now sits above 7% — which is just too high for many homeowners to consider selling.
(But could a rate of 5% be the 'magic number' to trigger a move?)
Today's Stocks & Topics: DVN - Devon Energy Corp., EOG - EOG Resources Inc., ISM Sector, Mortgage Rates, Mining Industry in Saudi Arabia, Price Support, APLD - Applied Digital Corp., TGTX - TG Therapeutics Inc., TLRY - Tilray Brands Inc., Credit Card Debt, Apple Falls, O - Realty Income Corp., FDX - FedEx Corp., UPS - United Parcel Service Inc. Cl B.
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Transcript
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| 0:00.0 | At a time, when investors are confronted with market volatility and a variety of challenges |
| 0:11.4 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures, |
| 0:18.9 | just in climb and Steve Peasley, stand ready to take your finance and investment questions |
| 0:23.9 | and share their unbiased answers. |
| 0:27.2 | This is Invest Talk, independent thinking, shared success. |
| 0:32.4 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving |
| 0:37.7 | clients throughout the United States. |
| 0:41.0 | The clarity for your path forward starts now. |
| 0:45.4 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:51.5 | Good afternoon, everybody, and welcome to Invest Talk. |
| 0:55.1 | It is Thursday, September 7, 2023. |
| 0:58.3 | I'm Steve Peasley, and on this program in podcasts, I will be providing useful data |
| 1:04.3 | and my unbiased perspective, developed for more than 50 years of investing experience. |
| 1:09.9 | And of course, my objective, as we say all the time, is to help you become an investor. |
| 1:15.3 | You'll never be perfect. |
| 1:16.8 | You're not perfect, but you need to have knowledge to become a better investor. |
| 1:22.0 | You can be good. |
| 1:23.2 | You don't have to be an expert. |
| 1:24.8 | You don't. |
| 1:25.8 | You just have to understand what you're doing and make your best choices from that perspective. |
| 1:32.7 | And that means you just need to know stuff. |
| 1:35.1 | So I have a mix of educational and axiomaterial ready to touch on today to help you. |
... |
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