Clues in the News - Banks, Millennials, the Middle Class and Interest Rates
Millennials aren't pushing the housing market up from the bottom and interest rates, while low, are no longer falling, so both purchase and refinance business has slowed for banks.Of course, banks like making profits on mortgage originations, so they're lowering the barrier to entry...for jumbo loans. So it's no surprise that the number of million dollar loans is hitting new highs.What does all this mean for real estate investors, middle class America, and interest rates?That's what we discuss on this episode of The Real Estate Guys radio show!The Real Estate Guys™ radio show provides real estate investing news, education, training and resources to help real estate investors succeed. Learn more and subscribe to the free newsletter! Visit www.realestateguysradio.com.