We’ve been way behind on home inventory. The 2010 decade fell way short on building new homes 🏡
Then the all-time low rates 📉 of 2019-2021 had home Buyers sweeping up the remaining homes for sale.
It was predicted it would take about 5 years for Inventory to recover.
2025 marks the 4th year since all-time low rates, so we’re getting closer to the Housing Market getting back to a more normal, balanced level.
Home inventory from 2023 to 2024 jumped up 34%.
It’s expected to increase another 17% in 2025!
More homes available will stabilize Home Prices… and Home Prices are the last big item for Inflation to fully be under control.
With inflation under control, Mortgage Rates would lower! 📉
Podcast with Eddy Perez – CEO of Equity Prime Mortgage (EPM)
Excited and grateful to share my episode with Eddy Perez, Founder & CEO of Equity Prime Mortgage, on his amazing podcast, Empower People More! 🎙️
It’s an honor to share insights, stories, and inspiration with such a powerhouse host, CEO, and friend! Thank you, Eddy, for the opportunity to connect and make an impact together! 💪✨
⬇️Click the link below to listen now! ⬇️
🚨Empower People More: Season 8, Episode 76: Guest: Derek McGowan: Stumble to Succeed! 🚨
Mortgage Rate Update
Mortgage Rates have been very flat in November, which we’ll take as a win when considering how volatile they were in October.
They’re waiting on the data to determine if/when they move lower.
The next big data reports are the Payroll report on December 6th, then the CPI Inflation report on December 13th.
Until then there should be modest movements in Mortgage rates.
Keep in mind on those reports:
if Payroll or Inflation are high, it’s bad for mortgage rates
if Payroll or Inflation are low, then the holidays should come early and we’ll see lower Mortgage Rates!
Although it seems very volatile lately, when looking at a wider view, Mortgage Rates have been at roughly this level since the end of 2022.
They’re just waiting until they know that we’re out of the woods on high inflation.
We can certainly see how big of an impact Mortgage Rates have on Home Sales.
It’s a direct correlation: lower rate, many people buy houses… higher rates, people slow down.
Use this to get ahead of the competition. Rates will eventually be coming down, make sure you’re ahead of the crowd!
Waiting to Buy??Â
Cost of Waiting is a real thing!
Let’s say you need time to:
- Boost Credit
- Payoff Debt
- Break a Lease
- etc..
With homes going up 5-6% per year the last couple years, let’s play out what that would look like.
Let’s use a $300k home for example – and you need 1 year to get things prepared.
After working hard for a whole year to prepare, you are rewarded with the house being $315k ($15k or 5% increase).. and this is a very moderate example, because house values would increase quicker as Mortgage Rates drop.
There are many options to help you get your home today, so you don’t have to pay next year’s prices.. and you get to begin enjoying your new home in the meantime.
Remember – out of the 1,000’s of clients we’ve worked with; I can’t think of a single person that wishes they would have waited to pay future prices for the home.
DSCR Loans – New Updates!
🚨 New and Improved DSCR program! 🚨
This is to help Investors find more creative ways either Purchase Rentals or pull equity out of their Investment Properties.
We have the widest variety of options to help secure the best Investment Property and DSCR financing.
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Today's Mortgage Rates
