Mortgage Rates Just Dropped to 6.2%

Summary

Michael Chang discusses the recent drop in mortgage rates from 7.2% to 6.2% following a Federal Reserve rate cut, highlighting the positive impact on short-term rental (STR) investors in terms of cash flow, ROI, and qualification for financing. He emphasizes the strategic opportunity to acquire properties and refinance existing mortgages before the market heats up due to increased buyer competition.