Real Cash Flow – Episode 6
Hosts: Andrew Michael Arroyo & Gary Giffin
Are you concerned about the ever-changing mortgage interest rates and their impact on your real estate plans? In the latest episode of Real Cash Flow, host Andrew Michael Arroyo explores the current volatility in mortgage interest rates and their impact on the real estate market with expert Gary Giffin. They provide valuable advice for first-time homebuyers and seasoned investors.
The episode begins with Gary sharing real-time data, noting a 30-year fixed rate at 7.7% or higher and a 15-year fixed rate at 6.9%. This volatility has left many potential buyers uncertain and led to withdrawn offers.
Andrew and Gary then explain the bond market’s influence on mortgage rates, highlighting how the Federal Reserve’s interest rate hikes and stock market performance cause rapid bond market movements. They recommend tracking the TNX and TYX ticker symbols to stay informed about treasury yields.
The episode also explores manufactured homes as a solution to the affordability crisis. Andrew and Gary discuss their improved quality and perception, making them an attractive option for buyers priced out of traditional homes. While financing can be challenging, Gary advises considering FHA loans despite their requirements.
Additionally, they touch on inflation’s impact on the housing market. Andrew emphasizes real estate as a strong hedge against inflation and encourages long-term investment despite rising prices.
This episode of Real Cash Flow offers a wealth of information on understanding the bond market, exploring affordable housing options, and navigating financing challenges. Andrew and Gary provide valuable guidance for making informed decisions in a volatile economic landscape.
Tune in to gain a deeper understanding of the forces shaping the real estate market today and discover strategies to navigate these challenging times effectively.