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Welcome to my Monday Market Update for
the week of August 18th with Nikki
Erickson from Kevnik Mortgage!

This week we have a major rule change
every real estate agent needs to know
about right now — plus a simple and
brilliant idea to stay top of mind
with your sphere this week without
pitching real estate at all.

This week we are covering:
✅ Back to school slowdown — what
to expect in applications and
activity over the next few weeks
✅ Interest rate update — mid to
high sixes and what the Fed
is signaling for the fall
✅ MAJOR CHANGE effective August 3rd —
Fannie and Freddie have eliminated
streamlined condo approvals entirely
✅ Every condo now requires full review
regardless of down payment — what
that means for your transactions
✅ The fast track approval — how to
use the existing database if your
condo project is already registered
✅ The four things the full review
will examine — investment property
percentage single owner percentage
reserve fund requirements and
insurance
✅ Townhomes do NOT need a condo
review — here is how to tell
the difference every time
✅ How to check legal descriptions
to identify condo vs townhome
in any state
✅ The back to school supply drive —
a simple community touchpoint
that keeps you top of mind
without mentioning real estate

If you have any condo transactions
in your pipeline right now — under
contract or not — reach out to
Nikki immediately.

This change went into effect August 3rd
for closings — not applications. That
means deals already in progress could
be affected.

This is the kind of information nobody
teaches real estate agents. And knowing
it will make you a better advocate for
your clients and a more professional
agent in every single transaction.

Need a Great Real Estate Coach and Mentor....
Join my Skool Community! https://www.skool.com/rebusinessbuilder/about
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📞 Connect with Nikki Erickson at Kevnik Mortgage:
📱 Call or Text: 952-484-1584
📧 Email: nikki@kevnikgroup.com
📘 Facebook | TikTok | Instagram:
@mortgagesfrommntoaz

00:00 Introduction – Market Update
Week of August 18th
00:30 Back to School Slowdown – What
to Expect in the Market Right Now
01:30 Interest Rate Update – Mid to
High Sixes and What Is Coming
02:30 MAJOR CHANGE – Fannie and Freddie
Eliminate Streamlined Condo Approvals
04:00 Full Review Required – What That
Means for Every Condo Transaction
05:30 Fast Track Approval – How to Use
the Existing Database
06:30 Condo vs Townhome – How to Tell
the Difference Every Time
07:30 Back to School Supply Drive –
A Simple Way to Stay Top of Mind
08:30 How to Reach Nikki Erickson

#realestate #lender #mortgagerates

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Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire!

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With Gratitude -

Angie Gerber
angiegerber@gmail.com

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