Interest Rates Are Coming Down According to Chris Puleo

Interest Rates Are Coming Down According to Chris Puleo Properties for Sale on the North Side? We want to buy them. Email: StraightUpChicagoInvestor@gmail.com Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com ============= Chris Puleo lays out tangible reasons why he feels interest rates will be coming down in the upcoming future. ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Chris Puleo of Puleo Group Link: Episode 130: Chicago Mortgage Lending in this Inflationary Environment with Chris Puleo Join us as we share our winning strategies, success stories, obstacles we've encountered, and most importantly, the lessons we have learned along the way. If you are ready to learn the ins and outs of the investing in Chicago and suburbs. 00:00 – Intro: Tom Shallcross, Mark Ainley, and first-time Underground guest Chris Puleo. 00:15 – “Other basement” banter; Chris has an office in the same building. 00:28 – Set-up: why Chris thinks rates are coming down and the tangible reasons. 00:53 – Drivers: political pressure on the Fed; federal funds rate → mortgage rate “trickle-down.” 01:31 – Fed independence, reappointment timing; six months left in the chair’s term. 02:07 – Markets move on announcements before leadership changes; what that means for investors. 02:38 – Waiting risk: same property could be 10–15% more if you wait 6–9 months. 02:56 – Strategy: buy now, refi later; improve cash flow after rates drop. 03:29 – What Chris means by “no-cost refi” (lender credits covering bank & title fees). 04:32 – Career context: 23 years, mergers, why the loan officer & team matter most. 05:52 – Product landscape: conforming/FHA the same everywhere; Non-QM making a comeback. 06:28 – DSCR & bank-statement loans explained; safer than “old days” stated income. 07:41 – Hedge both ways: buy to protect against rising rates; refi if they fall; rents up. 08:33 – National vs. local: Florida example (Lee County ~25k homes for sale) = opportunity; Chicago supply remains tight. 09:50 – Act market-by-market; Illinois still limited supply; assemble the right team. 10:20 – Confidence check: 95% confident rates are lower in ~7 months; inflation has cooled. 11:05 – Forecast: -0.50% to -0.75% by end of year/early spring; ~6% next year; 5.5–6% healthy long-term; 3% rates = “bad economy” signal. 11:56 – Wrap to Chicago Fact segment; sponsor shout-out (Neighborhood Loans – The Puleo Group). 12:24 – Bears trivia: which statement is not true? (Decatur Staleys, most wins, most HOFers, most retired numbers). 13:25 – Answer: “Most total wins” (Packers passed the Bears); winner announced. 13:41 – Thanks and call for listener projects/guest ideas. 13:52 – Sign-off. SUBSCRIBE: http://ow.ly/pNzU50BFJtU Got an idea for the show? Shoot us an email at straightupchicagoinvestor@gmail.com Follow us behind the scenes on Instagram: http://ow.ly/lquy50BGadL Make our acquaintance on our Club: http://ow.ly/RZvr50BGaei Give us a shout on Facebook: http://ow.ly/Qqr350BGaeM Visit our world directly: https://www.straightupchicagoinvestor.com/ Listen to the 𝗦𝘁𝗿𝗮𝗶𝗴𝗵𝘁 𝗨𝗽 𝗖𝗵𝗶𝗰𝗮𝗴𝗼 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 on your favorite streaming service: http://ow.ly/lI7050BGafp