Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don't directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.
Key Takeaways:
[03:52] Oklahoma City has a lot of inventory available and you can see it on the upcoming property tour.
[09:13] What does the spike in interest rates mean for investors?
[15:27] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.
[19:37] Local Market Specialists and Investment Counselors are always working in the client's best interest.
[29:01] It's important to get pre-approved for financing in today's seller's market.
[30:30] Jason hints about the location for the next Venture Alliance Mastermind.
Mentioned in This Episode:
Jason Hartman
Grant's Interest Rate Observer
Venture Alliance Mastermind
Creating Wealth Real Estate Investing with Jason Hartman