#63 Inflation is still up but Interest rates going down?!?!
The Mortgage Man - A podcast for everyone with or wanting a mortgageShow Notes
Last week the inflation report came out and while it wasn't exactly what we wanted, it's still going to impact the housing market.
Ant and I have been going over the numbers and want to share our thoughts with you. We're breaking down how the inflation report will affect house prices and interest rates in the near future.
This week has been a little crazy in the mortgage world, with some banks raising rates and others lowering them. But, the good news is that long-term rates are now lower than short-term rates. This means that banks believe that interest rates will be lower in a couple of years. Yay!
And that's great for you, especially if you're thinking about refinancing or buying a house with a 20% deposit. You have some serious negotiating power now and can either get more cash back or lower interest rates. Let us, your mortgage bros, help you make the most of this opportunity.
We hope this email gave you a better idea of what's going on in the market. If you have any questions or just want to chat, hit us up!
More from The Mortgage Man - A podcast for everyone with or wanting a mortgage
How to Deal With Real Estate Agents as a First Home Buyer | Open Homes, Offers & Auctions
Sometimes people have already found a house when they make contact, other times it can take 6-12months.
One big adult step is buying a house and having kids, but what about a Will? You've probably heard of these but don't really know what happens when you have one compared to when you don't .
If you have decided you want to buy your first you will realise pretty quickly that you don't know where to start , or how to find your ideal first home...Then once you do find it, how do you know how much to offer on it?This is one of the most common questions I get, so I invited Vanessa from Realestate.co.nz to help.
People are pretty casual about these