Why Rates Won’t Drop in December + The Bank Statement Loan Everyone’s Sleeping On
Episode notes
In this episode of Take Ten, Corey Freels and Lisa Wiles from The Mortgage Gallery break down the latest market data and give Realtors the insights they need to win one more deal as we head into the holidays.
We cover:
• Why the December Fed meeting is unlikely to bring a rate cut
• How to use the CME FedWatch Tool to sound like a market expert • Why mortgage rates ticked slightly higher this week
• The truth about USDA delays and alternative 100 percent financing options
• Why buyers are quietly popping up in December
• Real stories from the field:
— How a bank-statement loan boosted income from $3,800 to $27,500/month
— An eight-day FHA close with a holiday in the middle
• What Realtors should do right now to get listings in front of buyers who don’t even know they’re looking
• The Half-Point Kickoff extension and how it helps buyers start with a a rate .5% lower for their first year
Whether your buyers are waiting on rates, confused by the headlines, or unsure about their options, this episode arms you with clear talking points and real solutions to keep deals moving.
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