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00:00 Repeating Past Mistakes: The Perils of 'Marry the House, Date the Rate'
02:00 Why Refinancing Isn't a Guaranteed Solution: Risks and Roadblocks
05:19 Social Media Influence: The Dangers of Easy Home Buying Advice
07:05 Refinancing Trends: Lower Rates, Higher Debt, and Risky Mortgages
11:30 Home Sellers Delisting Properties: Miami's Market Struggles
14:22 Price Cuts and Market Realities: The Need for Significant Adjustments
16:49 New Homes vs. Existing Homes: Price Declines and Buyer Trends
18:35 Mortgage Rate Buydowns: Short-Term Savings, Long-Term Risks
Young homebuyers today are falling for the same old tricks as their parents did, only at a higher rate when in comes to home ownership. The old adage of "marry the house, date the rate" is a common term used by real estate professionals to convince people to buy today with higher interest rates in hopes of being able to refinance later down the road. Although by taking a look at today's refinancing activity it is pretty clear that method often does not work as expected.
Need a Real Estate Agent? Get one for FREE: https://homeandmoney.com/michael/
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My Filming and Editing Equipment
https://michaelbordenaro.com/my-youtube-gear/
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Save Money on Property Taxes FOREVER!
http://Ownwell.com/michaelbordenaro
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Get Cash Back on ALL your Internet Purchases!
https://www.rakuten.com/r/NIRVPL2?eeid=28187
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My Microphone (Lot of People Have Asked)
https://amzn.to/3Mhs2oz
Articles Mentioned in the Video
https://www.miaminewtimes.com/news/miami-homeowners-delisting-properties-en-masse-as-home-prices-drop-23776901
https://apple.news/AnZ468xV9TQSUWNGZudmbRA
https://apple.news/AXdb24LE7QKONGc2MBIDPWg
https://apple.news/AojbaqpiiRsahZFnwFdmwHA
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.
00:00 Repeating Past Mistakes: The Perils of 'Marry the House, Date the Rate'
02:00 Why Refinancing Isn't a Guaranteed Solution: Risks and Roadblocks
05:19 Social Media Influence: The Dangers of Easy Home Buying Advice
07:05 Refinancing Trends: Lower Rates, Higher Debt, and Risky Mortgages
11:30 Home Sellers Delisting Properties: Miami's Market Struggles
14:22 Price Cuts and Market Realities: The Need for Significant Adjustments
16:49 New Homes vs. Existing Homes: Price Declines and Buyer Trends
18:35 Mortgage Rate Buydowns: Short-Term Savings, Long-Term Risks
Young homebuyers today are falling for the same old tricks as their parents did, only at a higher rate when in comes to home ownership. The old adage of "marry the house, date the rate" is a common term used by real estate professionals to convince people to buy today with higher interest rates in hopes of being able to refinance later down the road. Although by taking a look at today's refinancing activity it is pretty clear that method often does not work as expected.
Need a Real Estate Agent? Get one for FREE: https://homeandmoney.com/michael/
=======
My Filming and Editing Equipment
https://michaelbordenaro.com/my-youtube-gear/
======
Save Money on Property Taxes FOREVER!
http://Ownwell.com/michaelbordenaro
======
Get Cash Back on ALL your Internet Purchases!
https://www.rakuten.com/r/NIRVPL2?eeid=28187
======
My Microphone (Lot of People Have Asked)
https://amzn.to/3Mhs2oz
Articles Mentioned in the Video
https://www.miaminewtimes.com/news/miami-homeowners-delisting-properties-en-masse-as-home-prices-drop-23776901
https://apple.news/AnZ468xV9TQSUWNGZudmbRA
https://apple.news/AXdb24LE7QKONGc2MBIDPWg
https://apple.news/AojbaqpiiRsahZFnwFdmwHA
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.
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