Top Lenders: When Mortgage Rates Could Fall in 2024

Episode #185 We know mortgage rates will fall this year, but how long will we have to wait? Will they get down to the fives or stay in the six-percent range? And even if the Fed lowers the federal funds rate, will this significantly impact mortgage rates? We brought on three elite lenders to get their takes on when rates will drop, how low they could go, and why waiting for lower rates is a riskier decision than you think. Caeli Ridge joins us again as our go-to investor-lender combo, and Krystle and Kenny Simpson, San Diego-based lenders, are on the show to give their viewpoints from the small investor and large commercial lens. Plus, these lenders are about to share the info on some investor loans that you may have NEVER known about—loans that other investors are taking advantage of TODAY to get deals done, even with high interest rates. Speaking of high interest rates, our lenders show mathematical proof that rates are NOT the defining factor of your real estate deal and how waiting for a half-percentage drop could cost you more than you think. Plus, the commercial real estate “bloodbath” coming for one certain sector unless local governments step in. ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... ~~~~ Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: https://link.chtbl.com/OTM ~~~~ Join the Future of Real Estate Investing with Fundrise: https://www.fundrise.com/bpmarket ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Hear Our Last Interview with Caeli: https://www.biggerpockets.com/blog/on... ~~~~ Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025: https://www.biggerpockets.com/blog/on... ~~~~ Connect with Caeli: BiggerPockets: https://www.biggerpockets.com/users/c... Instagram: @ridgelending or   / ridgelending   LinkedIn:   / caeliridge   Website: https://ridgelendinggroup.com/ ~~~~ Connect with Krystle and Kenny: Kenny BiggerPockets: https://www.biggerpockets.com/users/k... Krystle's Instagram: @krystlersimpson or   / krystlersimpson   Kenny Instagram: @kennybsimpson or   / kennybsimpson   Krystle LinkedIn:   / krystle-simpson   Kenny LinkedIn:   / kenny-simpson-32210348   Kenny Twitter: @kenny_simpson_ or   / kenny_simpson_   Website: https://simpson-team.com/ ~~~~ Connect with Dave and Our Panel of Expert Guests: Dave Meyer: https://www.biggerpockets.com/users/d... Henry Washington: https://www.biggerpockets.com/users/h... James Dainard: https://www.biggerpockets.com/users/j... Kathy Fettke: https://www.biggerpockets.com/users/k... ~~~~ Follow Dave and Our Guests on Instagram: Dave: @thedatadeli or   / thedatadeli   Henry: @thehenrywashington or   / thehenrywashington   James: @jdainflips or   / jdainflips   Kathy: @kathyfettke or   / kathyfettke   BiggerPockets: @biggerpockets or   / biggerpockets   Show notes at: https://link.chtbl.com/OTM 00:00 Intro 04:46 How Low Will Rates Go? 15:39 Who's Still Buying in 2024? 18:36 Rates Aren't THAT Important 22:06 Loans You've Never Heard Of 25:50 Investors Are Using THESE Loans 28:09 Commercial Crash? 35:19 Talk to Your Lender NOW!