Can You Still Buy a Home in 2025? | Ask Money Guy

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 27 August 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mortgage rates are high, housing is expensive, and many Americans feel stuck with payments that stretch their budgets. We unpack your options: from lender rate modifications and mortgage recasting to refinancing opportunities and house hacking strategies. Plus, we share why your home should be viewed as a use asset - not your retirement plan. Then we answer your financial questions on housing and a whole lot more. ⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Worried about paying too much for housing?
0:09.0	Watch this.
0:09.9	Brian, I am so excited about this because a lot of people are struggling with this right now.
0:14.5	They've bought houses recently.
0:16.0	I'm thinking, man, the costs are just too high.
0:19.6	It's too expensive.
0:20.4	We said, okay, are there some things that we could do?
0:23.2	Is there some information that we could share that perhaps maybe might make this a little bit easier?
0:28.1	Well, there's even a saying out there. Look, we kind of bind to this to a degree, is that we love our houses.
0:33.3	So you hear marry the house, date the rate, meaning that a lot of people are anticipating,
0:38.1	look, if you get the perfect house, you always have the opportunity to refinance or do something
0:43.3	else with the rate.
0:44.4	Sure.
0:44.9	But that hasn't necessarily worked out in the most recent months to years, the buyers have experienced.
0:51.2	Yeah, for folks who purchased homes in 2022, 2022, 2023, 2024, and
0:56.7	even recently, rates have risen. If you look right now, the average 30-year fixed rate is 6.7%
1:04.2	as of July 3rd, 2025. And you can see this is very different than it was from 2015 to 16 to 17 all the way up to and through the pandemic.
1:14.1	And coming out of the pandemic, rates kind of skyrocket.
1:17.2	And a lot of people are now sitting in mortgages at these elevated rates.
1:21.4	Yeah.
1:21.6	Well, it even gets worse than that.
1:23.2	Is it some of these have bought at higher rates thinking that they would be able to refinance down.
	...

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