Are Interest Rates Finally On Your Side?
Moving Fort Wayne · Episode 6
Are Interest Rates Finally On Your Side?
with Brock Noye, Noll Team Real Estate
With mortgage rates dipping close to 6 percent, Brad Noll sits down with Brock Noye, one of the newest advisors at Noll Team Real Estate, to talk about what lower rates really mean for Fort Wayne buyers. They cover buying power, rate myths, local population growth, appreciation, and why getting pre-approved matters more than chasing headlines.
▶ Listen to the episodeKey Takeaways
- Life events drive moves, not rates. Brad has never met anyone who waited to get married or retire until rates were favorable. The life event comes first, then the budget and rate decisions.
- A 1 percent drop adds real buying power. In the $250,000 range, Brad says a full point lower rate could mean $150 to $200 less per month, or room to buy a home closer to $275,000.
- Your rate depends on more than headlines. Debt-to-income ratio, credit score, and loan length all affect the rate. Brad notes shorter 15 or 20 year loans can carry lower rates.
- Fort Wayne is growing faster than the nation. Brad says the U.S. population grew 35 percent over 30 years while Fort Wayne grew 58 percent, which puts pressure on housing supply.
- Every price point is its own market. Brock sees more inventory and pickier buyers among newer homes in the $350,000 to $450,000 range than in the $200,000 to $300,000 range.
- Pre-approval puts you ahead. Brock says knowing your numbers before you shop prevents heartbreak and keeps you ready when the right home appears.
Chapters
- 00:00Welcome and why rates are the headline
- 02:19Meet Brock Noye
- 07:46Life happens regardless of rates
- 10:25What Brock's clients are going through
- 15:17How a 1 percent rate drop affects buying power
- 18:04Rate myths and what lenders are saying
- 19:05Fort Wayne's growth and local market niches
- 24:20A downsizing story and lifestyle choices
- 32:42Appreciation and getting in the game
- 34:28Pre-approval and preparation
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Are Interest Rates on Your Side? What Fort Wayne Buyers Should Know
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