Mortgage rates took off like a rocket. Why and where are they heading now?
What is really going on with mortgage rates and inflation? It’s a question that has been on everybody’s minds recently after rates skyrocketed in such a short period of time. If you’re a buyer or a seller, or even considering it, you need to know whether interest rates have peaked and whether prices have hit their bottom. Today, I’ll be answering this question.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:35 — Have mortgage rates peaked?
1:10 — Things are trending in the right direction
1:54 — Measuring the spread
3:00 — Where are prices heading?
4:09 — What is the trend?
4:48 — What does that tell us?
5:40 — Wrapping up
Hopefully, you found that interesting and informative. Remember to stay tuned for the third part of this series. In the meantime, if you have any questions about any of this, please feel free to call or email us. We’d be happy to help you with all of your real estate needs.