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Interest Rates in 2022 with Kristi

Join us as Alfredo and Monica Cavazos have a quick interview with Kristi from Mid America Mortgage. Learn what home buyers should be thinking about as interest rates are set to go up.

Full audio transcription

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hello everyone hope

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everyone is doing well

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today and

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just wanted to come to you and i wanted

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to let everyone know that as of today

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this is our first interview with

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our strategic partners

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so today we have my beautiful wife

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monica here and we have Kristi with

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mid-america mortgage hi everybody how

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are you today

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so i’m Kristi Hernandez with

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mid-american mortgage i’m a senior loan

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officer and i actually i take care of

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all over texas i’m licensed all over the

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state of texas so i’m on here today

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talking with alfredo and monica about

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rates thanks Kristi thanks this is

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something that actually

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affects a lot of buyers in the market

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today we actually have personally we

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have

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clients that

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are looking to buy and so hopefully this

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helps you guys and so yeah we’ll

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get into it

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so christy with the new year upon us

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you know 2022 hopefully

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we’re having a great start to the

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year what can you tell us about interest

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rates and any changes that are coming

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this year that’s a great point so this

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year the fed has announced that they are

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going to raise the rates minimum three

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times minimum three there may be a

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fourth they’re going to raise them three

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times minimally in 2022 they’re going to

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raise them twice in 2023 and they’re

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going to raise them a fourth in 2024. so

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they’re raising we don’t know the dates

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we haven’t been shared the dates of when

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the rates are going to go up or where

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they’re going to increase rates

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typically would be that an eighth could

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be a little higher and an eighth of a

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difference can really change your

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payment maybe 15 a month depending on

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the price point that the buyer’s in

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but the most important thing is yes they

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are going to go up but as we kind of

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chatted before we’ve owned a home before

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and

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we bought my first home my husband

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and i’s first home was back in 99 and we

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got 10

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and you all mentioned that it was the

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same year we around the same time and we

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had a nine and we were excited that it

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was under ten so yeah nine percent were

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like awesome yeah so when i became a

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loan officer in 2007 rates were at seven

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and a half seven and a quarter and they

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were starting to trinkle down to 6.99 so

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i say that to say that a lot of buyers

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of this time frame don’t remember those

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dates

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they’re new they’re first-time home

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buyers or in their 20s and 30s and you

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know that was what 20 something years

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ago

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so with that being said

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it is going to happen but what do we do

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the best thing to do is get with your

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real estate agent get pre-qualified

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if you’re thinking about buying take

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advantage of it now take advantage of

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what the rates are now and then if

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you’re going to hold off

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then get with your agent let’s have a

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conversation let’s get your nbers

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there so you can see we don’t know when

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it’s going to happen but it is going to

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happen absolutely that’s that’s a great

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point Kristi because

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i’ve had several conversations with

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clients that you know i mean rightfully

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so they’ve come to us and they said you

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know

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we want to wait and and see if the

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seller’s market turns into a buyer’s

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market because i mean i’ll be honest the

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the the buyers that we’re dealing with

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it’s it’s been it’s been a challenge

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because

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i mean we’re having a deal with multiple

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offers we’re having to go above a list

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price we’re having to

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waive appraisals and so i know i’m

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talking a lot of jargon yeah and it’s

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gotten a little better than that this

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past smer but you know we’ll still run

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into those challenges yeah they’re

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always going to be some kind of

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challenge when it comes to the market

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rates are going to go either up or

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they’re going to go down it’s either

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going to be a buyer’s market or a

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seller’s market those are the things

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that you and i

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we’re dealing with every day sure but

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for the everyday person the thing i

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would say is trust your agent trust the

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kobash’s team trust the agent that

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you’re with and let’s just write this

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part together because we’re going to see

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how it goes

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if if it’s during if they haven’t made a

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rate increase great let’s see what the

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market’s doing right now and then

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go with that part absolutely absolutely

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okay well we’re actually going to go

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ahead and close up Kristi do you want

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to give your phone nber

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so i’m the hernandez home team you can

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reach my office at 281

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and you can always reach me my cell

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phone 832-331-1685

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thank you Kristi and we’ll upload that

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information as well to our website and

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video and if you want to know more about

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the buying process don’t hesitate to

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reach monica or myself

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we’ll upload our contact information as

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well thanks guys y’all have a good one

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thank you Kristi thanks

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