Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS, and no sales pitches. I'm David Green, and I've been doing this for over 10 years. I've seen the ups, the downs, and everything in between. This is the show where we pull back the curtain and show it to you too. So if you want to build wealth through real estate or you just love learning about it, you found your home. What's going on, Real Talkers?

Welcome to Real Talk Real Estate.

I am your host, David. wealth through real estate or you just love learning about it you found your home what's going on real

talkers welcome to real talk real estate i am your host david green and i am joined by my co-host

christian bachelder here to bring you the skinny on the mortgage industry christian how are you doing today

good absolutely another monday in the books we're recording this on a sunday fun fact. Yes, but it will be coming out tomorrow. So you guys will be hearing the information right off the bat. Let me ask you this actually before we get into it. What are you seeing as far as like the number of loans that are coming your way, the market overall? Are you seeing things heating up? Are you seeing things

slowing down? Yeah, we got, we're kind of in this rate yo yo right now, right? Where when rates

drop, we had quite a large number of refinance applications and increase. We always kind of have

some pretty steady purchase business of people who just buy, no matter, you know, we had people

buying at eight and nine percent

interest rates right at at a point about a year ago um with a little bit of the tick up the last

call it two three weeks in interest rates since the war in iran started um a little bit of a down

you know a decrease from where we were at the prior to that um but still healthy amount of business um obviously could always be more. That's why we do this stuff for you guys so that you can, you know, get good financial guidance and reach out to us to use our services. That's right. You can do so at the onebrokers.com or you can head over to David Green 24.com. Use the chat option. Let me know what I can help you with with real estate and I'll get into it.

Today we are going to be discussing how much rates would need to drop before housing became

affordable again. And this is an article out of Yahoo finance. They say that a zillow studies show

that mortgage rates in many major U.S. cities would have to drop to 4.43 to make housing affordable.

That is a massive drop. I mean, for Womber Yard now, is that about like what, two and an eighth

or two and a half? What do you think?

Close to 2% drop. Yeah, we're right between six and a quarter and 6.5 today. So about a two point drop.

Not even a 0% mortgage rate would make housing affordable

in New York, Los Angeles, Miami, San Francisco, San Diego, and San Jose given housing costs there.

And someone may say, well, how is that possible? And the answer is you aren't somebody who

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