Money Guy Show Can You Still Buy a Home in 2025? | Ask Money Guy
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Aug 27, 2025 The discussion dives into the struggles of homebuyers facing soaring mortgage rates and housing prices. It offers insights on mortgage modifications, refinancing, and innovative tactics like house hacking to ease costs. There's a shift towards viewing homes as practical assets rather than retirement plans. The importance of fully funded emergency funds is emphasized, alongside tips for managing investments during market volatility. Listeners also get encouraged to explore creative financial strategies while balancing personal needs.
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Dating The Rate Can Backfire
- Many buyers expected to 'date the rate' and refinance later, but that strategy failed as rates rose and housing values shifted.
- Treating a home purchase as contingent on future rate drops can create regret when markets don't cooperate.
Do Homework Before You Buy
- Measure twice, cut once: use checklists and calculators before buying to avoid emotional overreach.
- Visit moneyguy.com/resources for a home-buying calculator and checklist to confirm affordability.
Ask About Rate Modifications First
- Call your lender first and ask about a rate modification before refinancing to lower your rate without full closing costs.
- Many credit unions and lenders will modify rates for a fee, saving time and expense versus refinancing.