Homes sales tumbled 7% in November for the 10th straight month and down 35.4% Year over year while the Bank of japan made a surprise decision to let their bench market interest rate rise to .5 from .25%. This caused mortgage interest rates to push higher to the highest levels in a month. This is coming at a time when the FED is saying rates could go higher than their current projections. Should you buy now or wait for a housing crash? When will the FED pivot with interest rates? In this video, we discuss what the FED is saying about the potential recession along with their new plan going forward into 2023.
