At RetroRate, we’re unlocking home loans and lighting a fire under new deals for real estate professionals and their clients. We’re on a mission to help save everyone cash, flip rates on their head, and get more people into homes.
Market Freeze: Rates and Reluctance
New listings are trickling in this year, but sales? Studies suggest that 2024 was one of the worst years for real estate in 30 years. The last time they were this bad, Hootie & the Blowfish was still topping the Billboard 100 list. Mortgage rates are a buzzkill for would-be buyers and prices remain at all-time highs. Here’s the math:
A 7.5% vs. 2.5% interest rate on a $400,000 mortgage jacks up the monthly payment by $1,216, (an average household’s grocery budget if they skip the eggs) and adds a staggering $437,926 in interest payments over 30 years, possibly exceeding the home’s entire original cost.
More than half of sellers turn into buyers when they sell, but they’re also caught in the trap, unable to buy the same amount of home that they just sold. Many of them are staying put, hoping rates are going to fall, but it looks increasingly unlikely that the market will become more affordable in 2025.
Assumable loans are a potential answer to “unstick” the market. Millions of sellers can sidestep the rate crunch if their loan is assumable — meaning buyers get to take over their low-rate mortgage payments, snagging a deal so good they’ll only wanna be with you.
The magic lies with real estate pros you know, like, and trust. RetroRate’s technology turns any agent into an assumable loan rockstar, delivering buyers low rates and sellers a clean break. Buyers save big. Sellers reclaim purchasing power. Agents fan the flames of a chart-topping market comeback.
By Greg Fischer
Head of Growth
20yrs of startup grit, enterprise tech, and real estate brokerage. Navy Veteran.
Greg Fischer on LinkedIn
