TO CLARIFY, NOT TERRIFY 😌

DATA IS MEANT TO CLARIFY, NOT TERRIFY. (Before you watch this short clip, read the caption below. It’s really important. 💯) “You can have data without information, but you cannot have information without data.” – Daniel Keys Moran I’ve had multiple conversations in just the last week alone about “rising rates” 📈 and the “housing crash” 🏚 so I thought I’d make this short video to bring some clarity on these two critical topics. Here’s a quick overview of the mortgage rates over the last 40 years.. 🤓 1980’s - The average fixed mortgage rate was 12.5%. 🤯 1990’s - The average fixed mortgage rate was 8.75%. 😫 2000’s - The average fixed mortgage rate was 6.85% until the crash in 2008 at which point the feds cut the rates down into the 5’s. 😣 2010’s - The average fixed mortgage rate was 4.25%. 😲 2021 - THE CURRENT NATIONAL AVERAGE FOR A FIXED MORTGAGE RATE IS 3.125% FOR TOP-TIER BORROWERS. 🤩 Get the point? 👍🏼 Rates have slightly ticked upwards in the recent weeks but you certainly haven’t “missed the boat” by any means. 🛳 They’re still at historic lows and will only continue to climb as the economy improves. 📈 So if you’ve been thinking about investing, be confident and take action. It’ll be worth it. I promise. ✊🏼 As a seller, these steadily climbing rates can and will negatively affect the value of your home because the buyer demand weakens with rising rates. 📉 When I say “the time is now”, I’ve never meant it more and these are truly historic times. There has never been a greater disparity between the housing supply and buyer demand than now. 📊 Oh, and this whole “housing crash”? There’s data for that too. Watch the video until the end. 😊 #yourRealtor4life​ #yourknowledgebroker​ #ElevateEstates​ #dataisyourfriend​ #clarifynotterrify