Mortgage Rates Hit 1 Year Low! What You Need to Know
The Federal Reserve just cut rates, and mortgage rates have dropped to their lowest levels in nearly a year. But what does that actually mean for landlords, investors, and anyone thinking about buying a rental property right now? On this episode of The Landlord Lens, John and Seamus break down how much this rate drop really affects affordability, cash flow, refinancing opportunities, and long-term investing strategy.
Yes, mortgage rates falling from the 7%+ range into the low 6’s can change monthly payments by a couple hundred dollars. But when you zoom out, there are broader forces at play: inventory is rising, housing prices may flatten or soften, rent growth is slowing, and not every deal suddenly becomes profitable just because the interest rate went down.
Yes, mortgage rates falling from the 7%+ range into the low 6’s can change monthly payments by a couple hundred dollars. But when you zoom out, there are broader forces at play: inventory is rising, housing prices may flatten or soften, rent growth is slowing, and not every deal suddenly becomes profitable just because the interest rate went down.
