November Housing Market Update: Mortgage Rates, A Texas Standoff, And JUMBO Buyers
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Timestamps:
0:00 – November Market Update Intro
0:57 – Mortgage Rates Update
2:25 – Rate Lock Timing
3:14 – Return of the Jumbo Buyer
5:03 – Sellers vs Buyers Waiting
6:02 – Offering Below List Price
7:29 – Best Buyer's Market in a Decade
9:27 – Who Handles Negotiation
10:13 – Matching Your Pre-Approval Letter
11:01 – Foreclosure Crisis Myths
13:25 – The Texas Standoff
14:59 – VA Refinance Bill
15:48 – Questions? Call me at 786-933-2077 or Book the Calendar!
In my November mortgage and housing update, I'm talking about why jumbo buyers are coming back and why this is one of the best buyer's markets I've seen in nearly a decade. We'll cover what's moving mortgage rates ahead of the December Fed meeting, rising inventory, and why I don't see a housing crash coming. I'll also share how to negotiate a lower price, seller-paid rate buydowns, and closing costs, plus why your pre-approval letter should match your offer.
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