This week we have some really excitingĀ news from a credit and lending standpointĀ that could completely change the buyerĀ pool for real estate agents in theĀ next six months.
Plus some important clarificationĀ on why the national mortgage rateĀ you see when you Google is notĀ actually what your buyers shouldĀ expect to pay.
This week we are covering: ā Interest rate update ā Fed ChairĀ Ā Ā Jerome Powell's Jackson HoleĀ Ā Ā comments and what they meanĀ Ā Ā for rates through the end of year ā Mid to high sixes through theĀ Ā Ā end of 2025 ā what to plan forĀ Ā Ā and how to talk to clients about it ā Why the national average mortgageĀ Ā Ā rate you see online is a surveyĀ Ā Ā not an actual rate ā and howĀ Ā Ā to explain this to your buyers ā Vantage 4.0 and FICO 10T āĀ Ā Ā the new credit scoring modelsĀ Ā Ā now being used on conventionalĀ Ā Ā conforming loans ā Trending credit ā how the VantageĀ Ā Ā score can tell the differenceĀ Ā Ā between debt being paid downĀ Ā Ā and debt that is increasing āĀ Ā Ā and why that is a game changer ā Medical collections no longerĀ Ā Ā count on the Vantage score āĀ Ā Ā what that means for your buyers ā How renters can get their rentalĀ Ā Ā payment history on their creditĀ Ā Ā report through Experian FICO Boost ā How a rapid rescore works andĀ Ā Ā when it can help your buyersĀ Ā Ā qualify faster ā How long it takes for the VantageĀ Ā Ā score to start trending up āĀ Ā Ā three payments ā FHA and Vantage scoring ā whyĀ Ā Ā 10 million new buyers couldĀ Ā Ā qualify in the next six months ā Small business owners and credit āĀ Ā Ā why the Vantage score is a hugeĀ Ā Ā advantage for business ownersĀ Ā Ā who pay off their cards monthly
This is one of the most excitingĀ episodes we have done all yearĀ from a lending and buyer poolĀ standpoint. The changes comingĀ in the next six months couldĀ dramatically affect how manyĀ buyers are in your market.
Make sure you are talking toĀ every renter in your databaseĀ right now about getting theirĀ rental history reporting toĀ credit.
Need a Great Real Estate Coach and Mentor.... Ā Join my Skool Community! https://www.skool.com/rebusinessbuilder/about
Ā š Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder
š Connect with Nikki Erickson at Kevnik Mortgage: š± Call or Text: 952-484-1584 š§ Email: nikki@kevnikgroup.com š Facebook | TikTok | Instagram:Ā Ā Ā @mortgagesfrommntoaz
00:00 Introduction ā Market UpdateĀ Ā Ā Ā Week of August 30th 00:30 Interest Rate Update ā Fed ChairĀ Ā Ā Ā Jackson Hole Comments and WhatĀ Ā Ā Ā They Mean for Rates 02:00 Mid to High Sixes Through EndĀ Ā Ā Ā of Year ā What to Expect 03:00 The National Average Rate āĀ Ā Ā Ā Why It Is Not What You Think 05:00 New Credit Scoring ā Vantage 4.0Ā Ā Ā Ā and FICO 10T Are Here 06:00 Trending Credit ā The GameĀ Ā Ā Ā Changing Difference From Classic FICO 07:30 Medical Collections No LongerĀ Ā Ā Ā Count on Vantage Score 08:30 Renters ā How to Get Your RentalĀ Ā Ā Ā Payment History on Your Credit Report 10:00 How to Do a Rapid Rescore āĀ Ā Ā Ā And When It Can Help Your Buyers 11:30 FHA and Vantage Scoring āĀ Ā Ā Ā 10 Million New Buyers CouldĀ Ā Ā Ā Qualify in Six Months 13:00 Small Business Owners and Credit āĀ Ā Ā Ā Why Vantage Changes Everything 14:00 How to Reach Nikki EricksonĀ Ā Ā Ā at Kevnik Mortgage #realestate #lenderĀ #mortgagerates
Now's The TimeĀ - no matter where you are, where you have been, or your current resultsĀ - By becoming more aware and following a process, you can have whatever it is you truly desire!
Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about
Check out my YouTube Channel - So many ways to stay connected and plugged in! Ā AGCoaching@agcoaching684
Podden och tillhƶrande omslagsbild pƄ den hƤr sidan tillhƶr
Angie Gerber. InnehƄllet i podden Ƥr skapat av Angie Gerber och inte av,
eller tillsammans med, Poddtoppen.
