Housing Market About to UNRAVEL as Mortgage Rates Set to JUMP Even More as Banks DUMPING Mortgages

#housingmarket #housingcrash #economy

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Housing Market About to UNRAVEL as Mortgage Rates JUMP and MBS Market Sees RECORD LOW Demand

The 2023 housing market is about to unravel as mortgage rates just jumped back to 7% for the 30 year fixed rate mortgage and home prices just posted their largest drop since 2012 according to Redfin. We discuss the coming increase in rates, specifically in residential mortgage rates and commercial real estate rates. The mortgage backed security market i.e. the credit markets are experiencing some of the lowest demand from investors ever. There is so many mortgages for sale right now in the credit markets, and the Federal Reserve and the Banks are no longer buying mortgages, the only real buyer left are big money funds or large hedge funds.

If you are a home buyer or home seller this video is a must watch as we delve into how much higher mortgage rates will go and how much longer this increase will last. This video features Jamie Dimon of JP Morgan Chase.

This video is not financial advice.