Policy makers in Washington D.C. avoided a default on its debt obligations as Congress and the Whitehouse engineered a last-minute deal to raise the debt limit. In anticipation of the agreement, mortgage rates have already been heading down for several days after having risen above 7% as worries over the debt ceiling reached fever pitch. […]
2023 Real Estate Challenges Ahead
In order to understand the real estate market trends for 2023 let’s take a look at some economic factors: Interest rates, affordability, housing shortage and home sales. Interest Rates During 2022, the Federal Reserve Bank increased mortgage interest rates 7 times as seen in this chart. Once the rate of inflation was going up they moved […]
Is The Best Time To Sell Your House Now?
Our economy is currently going through a high inflationary trend and rising mortgage interest rates. While at the same time, we have been experiencing a housing shortage supply, which resulted in extraordinary 2021 housing prices appreciation. But it seems that although 2022 will still bring modest buyer demand, experts are cautioning that we may be […]
Impact of Rising Mortgage Interest Rates on Housing Affordability
Will The Rise Mortgage Interest Rates Burst the Housing Bubble? Ahead of the Federal Reserve Bank’s announcement in March to raise mortgage interest rates, banks have raised the historically low 30 year fixed interest rates to 3.76% this month (February, 2022). This is the highest mortgage rates have been since 2020. Although mortgage interest rates […]
