Last week we gave you the weekly rate watch, the most recent updates on rental rates and online mortgage rates, the “silver lining” for homeowners, and more, including:
Chapter 2 at 4:50
Dave and Jerry’s Sandwich Shop
Skip to Chapter 2 to hear Dwayne give a shout out to our sponsors, Dave and Jerry’s Sandwich Shop! Visit their old-time sandwich shop that’s all about the flavor and tell them Dwayne Stein with Mortgage Gumbo sent you!
Chapter 3 at 15:38
New Orleans Renters Pay the Highest Rates in the Nation
New Orleans renters pay the highest rent rates in the nation. Also, 61% of their income is spent on housing. But Dwayne says, “It’s only going to get harder.” Tune in to Chapter 3 to hear Dwayne crunch those numbers and put them into perspective for you to start your homeownership goals.
And while you’re at it, visit snapsendandsave.com to get started on those goals.
Chapter 4 at 22:29
Client Story: Mortgage Gumbo Was Right – Online Rates Are Simply Not Accurate
Skip to Chapter 4 to hear about a recent client’s experience with a schmuckatelli lender who offered inaccurate mortgage rates – like 2.87% – online.
Dwayne gets it. Rates are high in general. But if a lower mortgage rate like 2.87% existed right now, he’d be the first to tell you the extra money will be hidden. This client would have paid an additional $40K to even get that rate. Is it really winning here?
Chapter 5 at 28:07
Good News: Silver Lining Ahead for Homebuyers!
Good news: Dwayne says there’s some glimmer of hope coming. Sellers have been lowering their asking price over the past several weeks. Fast-forward to hear Dwayne share his thoughts on those lowering asking prices.
Chapter 6 at 32:39
Rate Watch – Are They Priced into the Market?
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Get your weekly Rate Watch update on the increasing rates of 30-year conventional, 15-year conventional, FHA, jumbo, and VA loans. They may be priced into the stock market but not the economic market, but why? Tune in to Chapter 6 as Dwayne breaks down the math in this increase!
Chapter 7 at 34:34
Pain on the Way: Short Term Loans – AKA HELOCs
If you’ve got some type of HELOCs, credit cards, or other short-term loans, you may be in trouble. Tune into Chapter 7 to see why these short-term loans aren’t a good investment and think about refinancing and getting rid of those debts.