Understanding Rates with Dan Habib

My returning guest today is Dan Habib, EVP of MBS Highway. Dan gives us an insider look at interest rates, inflation trends, market charts and other data that shows us how far we’ve come in 2022 and what the beginning of 2023 may look like. Dan’s advice, if you’re currently renting and waiting to buy, is – don’t wait. It’s a buyer’s market right now, and if you opt for lower up-front costs, you can always refi when rates begin to come down again.

MBS Highway provides daily market insight videos, real estate data, live market quotes, alerts to lock/float ahead of lender re-prices, loan comparison tools, cost of waiting analysis, debt consolidation tools, and much more. MBS Highway turns mortgage professionals into advisors that understand what is driving interest rates, are able to articulate the financial opportunity in housing, and are actual ‘debt managers.’ Surprisingly, most mortgage professionals are not able to do these things.

Lending Forward is a weekly podcast hosted by Taylor Ellard and powered by Atlantic Bay Mortgage Group. We bring you raw stories from real people in the mortgage industry. We're covering what's next in lending, forward-thinking, and reflecting on lessons learned from Mortgage Bankers, Realtors, Financial Advisors, Coaches, and more! How are you lending it forward?

Founded in 1996, Atlantic Bay Mortgage Group® is a privately owned mortgage lender headquartered in Virginia Beach, Va. Atlantic Bay has been recognized as a Top 100 Mortgage Company in America, Best Mortgage Company, Most Enjoyable Place to Work, and an Inc. 500 Fastest Growing Company.

Discussion Points:

Reviewing previous appearances
Looking to the Fed meetings in November and December - what hikes will we see
The UK had their own troubles with the country’s pension plan, doing buying now
Inflation predictions - start to see easing at the end of Q4 this year, beginning of Q1 2023
Rates went up so fast, will they come down fast? Probably not.
30% of MBS transactions are still refi’s
Mortgage bond pricing vs. interest rates
“Floor of support” vs. “ceiling of resistance” in the candlestick charts
Crystal ball - renters are waiting, when will things “shake out”? It’s not a good idea to wait, in general. Rents are going up steeply each year. It’s more of a buyer’s market now.