Join Amanda McMillan and Dan Gjeldum from Guaranteed Rate as they discuss navigating the roller coaster of the current real estate landscape, discussing critical topics like mortgage points, interest rate fluctuations, and strategies for locking in the best rates. Dan, with his extensive experience since 1997, explains what buying points means, how they can impact your mortgage, and why it might not always be the best decision in a downward rate environment.
Amanda and Dan also explore the impact of media on consumer perceptions, emphasizing the importance of understanding real-time data over sensational headlines. They share practical advice on when to lock in rates, highlighting the benefits of programs like Guaranteed Rate’s one-time float down option.
Whether you’re a homebuyer, seller, or real estate enthusiast, this episode is packed with essential information to help you make informed decisions in the ever-changing Chicago real estate market.
Key Topics Discussed:
- What it means to buy points in your mortgage
- Current trends in mortgage points and interest rates
- The impact of media on real estate perceptions Strategies for locking in mortgage rates
- The benefits of Guaranteed Rate’s one-time float down option
- What it means to "Buy Down" Points
Don’t miss out on this insightful discussion that can help you make informed decisions and stay ahead in the home buying process. Like, comment, and subscribe for more expert insights on real estate and mortgage trends!
