Big News: average 30yr mortgage rates fell to 6.16% (as of 4/4/23 according to the Mortgage News Daily). This means rates have fallen to a new 2 month low. For example, average rates have decreased by approximately one percentage point in the last month so for a homebuyer looking to purchase a $450k home putting 5% down they would save approximately $266 per month today compared to a month ago.
In today’s video, I share a detailed look at early indications of home buyer demand. For example, there’s been fewer home showings compared to last year and pending home sales are down by double digits from a year earlier. Thank you for watching the video! I appreciate you. Like and subscribe!
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6.2% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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*** Jason Walter, CPA (lic 103885) Sacramento real estate agent and native Realty ONE Group Complete (DRE 01923240) [email protected]
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Disclaimer: Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.
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