Foolish Guide to Buying a Home

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4 • 823 Ratings

🗓️ 9 April 2019

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Home sweet home or a money-pit nightmare? Ross Anderson, a planner with Motley Fool Wealth Management, joins us for the third installment of our series that tackles major life events -- this time to help you navigate how to (or whether to) buy that sweet little house you've been dreaming of.

Transcript

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0:00.0	This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert
0:07.7	Boe Camp, personal finance expert here at the Motley Fool.
0:11.2	Hello.
0:12.2	Hello, bro. In this week's episode, it's the next in our series tackling major life events,
0:16.6	buying a home with advice from Motleyful wealth management planner Ross Anderson.
0:24.2	All that and more on this week's episode of Motleyful Answers.
0:26.9	So, bro.
0:28.3	Yes, Allison.
0:29.5	What's up?
0:31.6	Well, I got three quick things for you.
0:35.0	Number one, interest rates are plummeting.
0:37.2	So you may have read about this in the news.
0:38.6	The 10-year treasury is now yielding 2.48% down from 3.24% last November. March saw one of the biggest drops in rates,
0:48.9	certainly in the last couple of years. So why does that matter? Well, we talked briefly on a
0:54.1	previous episode
0:54.7	about the inversion of the yield curve, where short-term rates are yielding higher than long-term
1:00.0	rates. Well, it's solidly inverted there in March, which traditionally in the past has
1:06.2	happened before each of the last nine recessions. So a little worrisome.
1:11.6	The good news, or at least neutral news, is that doesn't mean a recession is imminent.
1:16.6	Sometimes there's a good year or two in between the time of inversion and recession.
1:21.6	So you're saying we've got two years?
1:23.6	Yes, exactly.
	...

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