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Jason E. Gordon, Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE (CMG Mortgage, San Diego, CA)

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Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Good information. We are on Mr Toad's Wild Ride.

Mar 16, 2020 02:43 AM
Ambassador
5,230,079
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Ha! I actually did get a call already yesterday about this. I explained #1 and suggested they may look into stocks, your #3!

Great tips, Jason.

Mar 16, 2020 01:36 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The Fed lowered a key intra-bank rate.  Mortgage rates cannot be zero, otherwise what bank would lend money for 30 years with no profit?  Banks lend out the money you deposit for a higher interest rate, so that they can pay you the interest on your money.

Mar 16, 2020 10:32 AM
Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

The mortgage rate isn't the rate that was lowered, in fact, it has risen slightly in the past few day.  

Mar 15, 2020 11:42 PM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's very dangerous to verbalize someone else's "talking points" when you don't have the background knowledge to back them up. Most agents should not "go there".

Mar 16, 2020 10:41 AM
Rainmaker
1,543,817
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Well done Jason E. Gordon 

Mar 16, 2020 02:48 PM
Rainmaker
1,291,481
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

I wrote a blog recently on that very topic, Jason E. Gordon ... and I have shared that with my entire client base again, as of today.  Hopefully, it answers many questions ... and perhaps even creates a few too.  I've tried to educate and address the topic head-on and proactively.  I'm sure many will appreciate your talking points, as the questions ARE getting asked.  In large number and frequently ...

 

Mar 16, 2020 11:26 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Thank you.

Mar 16, 2020 11:09 AM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Thank you Jason! Nice and simple and clear.

Mar 16, 2020 09:18 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

Smart consumers are anxious to take advantage of the very attractive mortgage interest rates.

Mar 16, 2020 09:16 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Many do ask if that means mortgage rates will now be 0. However it makes for great opportunities to talk to consumers and attract new clients by answering correctly and that helps that consumer. 

Mar 16, 2020 06:33 AM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

In my field, Notary Public, Certified loan closer, I am not allowed to discuss this at all with clients Jason E. Gordon 

Mar 16, 2020 08:07 AM