Real Estate Agent Market Update and Mindset Podcast
10 MILLION NEW BUYERS COMING TO THE MARKET
Send us Fan Mail This week we have some really exciting news from a credit and lending standpoint that could completely change the buyer pool for real estate agents in the next six months. Plus some important clarification on why the national mortgage rate you see when you Google is not actually what your buyers should expect to pay. This week we are covering: ✅ Interest rate update — Fed Chair Jerome Powell's Jackson Hole comments and what they mean for rates through the end of year ✅ Mid to high sixes through the end of 2025 — what to plan for and how to talk to clients about it ✅ Why the national average mortgage rate you see online is a survey not an actual rate — and how to explain this to your buyers ✅ Vantage 4.0 and FICO 10T — the new credit scoring models now being used on conventional conforming loans ✅ Trending credit — how the Vantage score can tell the difference between debt being paid down and debt that is increasing — and why that is a game changer ✅ Medical collections no longer count on the Vantage score — what that means for your buyers ✅ How renters can get their rental payment history on their credit report through Experian FICO Boost ✅ How a rapid rescore works and when it can help your buyers qualify faster ✅ How long it takes for the Vantage score to start trending up — three payments ✅ FHA and Vantage scoring — why 10 million new buyers could qualify in the next six months ✅ Small business owners and credit — why the Vantage score is a huge advantage for business owners who pay off their cards monthly This is one of the most exciting episodes we have done all year from a lending and buyer pool standpoint. The changes coming in the next six months could dramatically affect how many buyers are in your market. Make sure you are talking to every renter in your database right now about getting their rental history reporting to credit. Need a Great Real Estate Coach and Mentor.... Join my Skool Community! https://www.skool.com/rebusinessbuilder/about Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder Connect with Nikki Erickson at Kevnik Mortgage: Call or Text: 952-484-1584 Email: nikki@kevnikgroup.com Facebook | TikTok | Instagram: @mortgagesfrommntoaz 00:00 Introduction – Market Update Week of August 30th 00:30 Interest Rate Update – Fed Chair Jackson Hole Comments and What They Mean for Rates 02:00 Mid to High Sixes Through End of Year – What to Expect 03:00 The National Average Rate – Why It Is Not What You Think 05:00 New Credit Scoring – Vantage 4.0 and FICO 10T Are Here 06:00 Trending Credit – The Game Changing Difference From Classic FICO 07:30 Medical Collections No Longer Count on Vantage Score 08:30 Renters – How to Get Your Rental Payment History on Your Credit Report 10:00 How to Do a Rapid Rescore – And When It Can Help Your Buyers 11:30 FHA and Vantage Scoring – 10 Million New Buyers Could Qualify in Six Months 13:00 Small Business Owners and Credit – Why Vantage Changes Everything 14:00 How to Reach Nikki Erickson at Kevnik Mortgage #realestate #lender #mortgagerates Support the show Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire! Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about Check out my YouTube Channel - So many ways to stay connected and plugged in! AGCoaching@agcoaching684 With Gratitude - Angie Gerber angiegerber@gmail.com ⬜ JOIN MY TIKTOK : https://www.tiktok.com/@agcoaching4life FOLLOW AND LIKE MY FACEBOOK ACCT : https://www.facebook.com/angie.gerber.5/ FOLLOW ME ON MY INSTAGRAM : https://www.instagram.com/angie.gerber.5/
