Episode 6: Rate Watch!

All In Uncensored with Ryan & Bryon

Introduction
Welcome to All In uncensored with Ryan and Bryon!
Welcome to Episode 6: Rate Watch! In this episode Ryan and Bryon discuss the Fed meeting about where rates should expect to go in 2024 and how homeowners can take advantage of some opportunities right now.

Some of the topics we will touch on in this episode:
• What does the Fed News mean?
• How can homeowners who are veterans or have an FHA or VA loan take advantage of this now?
• Forward hedging of $3,000,000,000 to be able to help Veterans with VA Interest Rate Reductions and help homeowners with FHA financing to streamline refinance into a lower payment
• Margin Compression and how realtors can go back to past clients to help them get into a better spot
• Collaboration with referral partners and with other lenders
Fed News
The Federal Reserve had a meeting where they talked about conservatively 3 interest rate reductions in 2024. What does this mean ultimately for the consumer? We will likely see interest rates drop in 2024 and it will create a lot of opportunity for buyers that have been on the fence about buying to be able to move forward.

How Can Homeowners with VA or FHA loans take advantage of this now?
• Veterans with VA loans with at least 210 days and 6 on-time payments can take advantage of an interest rate reduction loan. FHA borrower with 6 on-time payments can as well.

They should reach out to us so we can help educate them. Send us a message on our facebook page: https://www.facebook.com/AllInUncensored

Forward Heding of $3,000,000,000
One of our largest wholesale lending partners is hedging $3,000,000,000 to drive lower rates going into 2024 for FHA borrowers who are looking for a streamline refinance and Veterans with VA loans looking for interest rate reduction. This is our way to help homeowners fight inflation by helping them reduce their mortgage payment.

Margin Compression
Retail Mortgage Banks, Banks, Credit Unions all make a lot of profit on government loans (VA and FHA). HMDA data shows that there is as much as 300-400 basis points built into rate. Our channel has about 90 basis points for margins. What this means to the consumer is that their rate could be a lot lower when working with the right partner. For our realtor partners use this as an opportunity to help your past clients get into a better spot. We would love to be a resource to help them understand their options to lower their monthly payment.

Collaboration
Everything we have been working on since May has led to a lot of people wanting to help us get better and has opened the doors for collaboration. We have a small local group that meets called “The Loan Club”. We also have a closed Facebook group who is coming together with the intent to help eachother in the loan community get better, not just for ourselves but most importantly for our clients and referral partners. We will be having a goal setting show at beginning of the year and would love to collaborate with realtor teams, other loan officers looking for change or just needing to collaborate and financial planners and other service providers all looking to get better in 2024.
Final thoughts
2024 is going to be a pre-cursor to a huge housing boom in 2025. If we are helping eachother get better through collaboration and goal setting then we are ultimately helping the homeowner get wins. AS a homeowner, reach out to us, we would love to help educate you on your options and put you into a rate watch program. It will help automate so it will set you up and notify you when the time is right to consider refinancing and keeping your costs low while doing it.
Next Week
To be determined for our next topic/guest. Link for our facebook page to reach out to us with any questions or help you need for getting into our rate watch program: https://www.facebook.com/AllInUncensored
Also, please subscribe to our show which will be available on most media platforms (spotify, apple, youtube, iheart radio, google) and you can catch show clips on our instagram and youtube channels! Thanks again for tuning in! It’s another great day!