Passive Real Estate Investing Why Mortgage Interest Rates Don’t Matter | PREI 440
4 snips
Jul 26, 2023 AI Snips
Chapters
Transcript
Episode notes
Mortgage Rate Predictions
- Mortgage rates are likely to rise, influenced by quantitative easing and market trends.
- Current rates are artificially low due to years of quantitative easing.
Paying Points on Mortgages
- Consider paying points upfront to lower your rate, especially for long-term loans.
- Analyze the payback period and potential benefits with a mortgage professional.
Who Benefits from Rate Focus
- The banking industry benefits more than investors do when people focus too much on rates.
- Refinancing frequently can be detrimental; it often resets the interest-heavy period and may not build equity.