Dave Ramsey - Mortgage interest rates are up. Should you wait to buy a house?

Рет қаралды 30,922

Жыл бұрын

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In this video, Dave Ramsey discusses whether or not you should wait to buy a house. He says that even though mortgage interest rates are up, buying a home now is still a great investment.
If you're wondering whether or not to wait to buy a house, this is the video to watch! Dave Ramsey provides a balanced perspective on the current market, explaining the risks and benefits of buying now or waiting. Ultimately, the decision is up to you, but this video will help you make an informed decision.
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About Churchill:
At Churchill Mortgage, we believe homeownership is a big part of the American dream. After all, your home is where all of life's moments take place. That's why we're committed to doing what's right for you.
Since your financial goals are personal, we want your home loan experience to be too. By building out a smarter mortgage plan that works with your unique goals in life, you can cut time and money off your loan, which allows you to build wealth. And owning a home is one of the fastest and most stable ways to build wealth.
From your first phone call with our team through the length of your loan, you'll see Churchill Mortgage does things differently. If you're looking to buy a home or refinance and want to work with a family of people who are dedicated to doing what's right for you, reach out. We're ready to help!
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Пікірлер: 55

@aliciahernandez6203 Жыл бұрын

YOU CANT REFINANCE IF YOURE NEGATIVE IN EQUITY!

@StevenAndTraceyJiles 10 ай бұрын

Great point

@chaparra71 10 ай бұрын

EXACTLY!!!!

@MindOverMatter38 8 ай бұрын

Home prices are gonna go UP! The more they print.. the less a dollar is worth! When in history did things go back to being cheaper?? Soda pops, candy bars, gas.. HOMES,CARS ect.

@aliciahernandez6203 8 ай бұрын

@@MindOverMatter38 True… I hope it doesn’t keep EXPLODING up and it’s a more gradual change.

@westmountainmotorsports 6 ай бұрын

The only way prices go down is if people stop paying their mortgage. People have low rates and tons of equity. It's not gonna happen

@ottens11 6 ай бұрын

Man who apparently hates debt tells you to go all in on debt

@dwnshft2drft Жыл бұрын

Most people want their payments goes to the house not to the lender.

@TexasKen 6 ай бұрын

Refinance later.... Still over inflated house.

@PageTurnersbooktube523 11 ай бұрын

Funny, easy for you to say.....I can't afford 2400 dollars a month on just a mortgage and then when everything is included going to 3k a month just for the house bills. Two income is needed for this and my wife is a stay at home.

@trynakillsu1 2 ай бұрын

Same I might just get into a town home

@odablast1 Ай бұрын

Spoken just like a man that has real estate investments

@StevenAndTraceyJiles 10 ай бұрын

Only buy if the house is within margins of their discretionary income. Dave is a real estate guy, he will always say buy no matter what.

@ghoulishgaming6787 Жыл бұрын

This is so stupid. Nobody should take this advice. It’s not the interest rates that are preventing new house sales, it’s the overall prices. Houses that were $110,000 are over a quarter million right now. You can always refinance for better interest after buying the house, but once you buy the house, you’re locked in at that price even if your $100,000,000 house drops down to $400,000. DO NOT BUY A HOUSE YET. The housing market is being artificially inflated by an entire generation that was told to invest in real estate. If you hold out on buying, the prices WILL go down in the next year or two

@butlerbees6639 Жыл бұрын

Even if you bought peak 2007 you’d still be way ahead today. Same will go 15 years from now. If you have the down payment and can afford the monthly, it’s dumb to wait around for a lower interest rate.

@caveman9897 Жыл бұрын

@@butlerbees6639but if you bought just two years later you would have been way better off, especially considering the bubble created by the FED. Median home in 07 ~215k median Home today ~375k. I’ll wait to buy my next property

@caveman9897 Жыл бұрын

Ps. These homes values haven’t increased, the dollar purchasing power has decreased. The same amount of gold would buy the same house 50 years ago as it would today.

@LVH100 Жыл бұрын

Agree Dave Ramsey giving wrong info.

@nonons3ns340 10 ай бұрын

@@LVH100lol okay dumb dumb…I mean you clearly are poor so don’t worry this doesn’t pertain to you

@chandra9491 Жыл бұрын

Some times he gives very dum advice 😂

@christyjean3024 Жыл бұрын

Lol

@TheBigSquidAZ 10 ай бұрын

I am currently in the stages of closing on my 1st home here in Phoenix and interest rates are about 7.5% and i think ive made a good choice and this video seems to support that

@churchillmortgage 10 ай бұрын

Congratulations on the new home!

@finewine8886 8 ай бұрын

Congratulations

@spooksyschannel3038 5 ай бұрын

Can you afford to keep it?

@Imjusttryingtotellu 20 сағат бұрын

Congratulations, you made the right move!!

@junkgrave Жыл бұрын

Truly bad advice at the literal peak of a real estate frenzy bubble

@nickzema4683 10 ай бұрын

Great advice if prices weren't also high due to low supply / no transactions occurring.

@jjdiaz486 7 ай бұрын

A real state agent talking: "buy now, right now"... NOOO DO NOT BUY HOUSES NOW, THATS WHY THEY KEEP GOING UP.

@89playstation65 3 ай бұрын

If interest rates go down, can you refinance to get a lower intersest rate?

@EthnosSynergyEnergy 5 ай бұрын

Spoken like a true Real Estate investor

@alyross2850 9 ай бұрын

“Interest rates aren’t going down in a minute” AND…”you can always refinance “. And….”the value of the property goes up”. The only thing I agree with here is that interest rates are not going down anytime soon. You cannot always refinance if the rates don’t go down AND you don’t have equity because the house may not increase in value given the overpriced market correction we are looking at. Some people HAVE to move, so they should. That’s life. We are going to soon see a huge swath of new inventory for various economic reasons. Wait for it.

@onetruth493 8 ай бұрын

If rates come down home prices are going up. Sorry, but its a lose lose situation. Noone is trying to sell anything right now.

@Leilaskips 7 ай бұрын

Not in Canada Every 5 years you have to refinance

@calebkang5544 5 ай бұрын

Don't buy a home now. Rent now buy later. The time to buy is coming and now is not the time. renting is about 60% cheaper now than to buy. do yourself a favor and wait for a better time..

@parsley6805 5 ай бұрын

Google home prices adjusted for inflation then tell me they don’t come down

@michaellalanae7228 4 ай бұрын

Just don't ever get sick ,

@alexgoranitis8346 10 ай бұрын

Sure you can buy a house right now, but can you afford to keep it for long? In my area the average monthly mortgage payment is over 50% of the average HOUSEHOLD income. Unless you have more than 2-3 people with good jobs providing money to that mortgage payment, prepare to be house-poor and possibly foreclose in the near future. Please be patient and responsible with your finances, don't change your life decision over a youtube video where the speakers are sitting comfortably and giving struggling people like you advice from the studio. That's what they are paid to do..

@garymaya1767 2 ай бұрын

Lol, u can. I can't. And 20 years from now hopefully I'm not here on this miserable planet.

@gooberguy7525 7 ай бұрын

Im not the most versed in finance stuff but this is clearly wrong. Interest rates over 7% is insaneee. Im going to get a home with all cash fk this

@gooberguy7525 7 ай бұрын

Mostly joking.. I wish.

@sresto1 8 ай бұрын

lol let me tell you then give me the money and i will buy it so u can laugh as well

@extrabarba 9 ай бұрын

Wronggg

@user-ob4em4ge6c Жыл бұрын

High interest rates are a good thing. RESIDENTIAL real estate values are declining YoY nationally. This decline will continue for years. Decade. God bless, America. God bless, HIGH RATES.