Will War Over Russian Invasion Impact Mortgage Interest Rates?
The inflationary trend in the global economy has have an effect on housing affordability. As consumers have less spendable income because of the rise in costs of goods and services, not to mention food and energy prices which has hit record highs. The latest crisis is the war between Russia and Ukraine. […]
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 […]
What is Inflation going to do to Housing Prices?
What Happens to Housing Prices during Inflation? As U.S inflation is the highest in 40 years, reaching 7.5% in January 2022 and strong demand is colliding with supply shortages. Consumers are seeing sharp increases for a variety of goods and services. Housing prices have not been the exception. According to a study done by Stanford […]
