The mortgage rates will be CUT in 2023!!! The mortgage rates just dropped which is good new for the housing market! Experts are expecting mortgage rates to be CUT in 2023.
In this video let me walk you through the data so that we can determine if the mortgage rates will be cut in 2023 and if it's good news for the housing market, so that you can make a more informed, better buying decision! Then at the end I give you some tips on how to prepare your personal finances for the mortgage rates cut in 2023!
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---Additional Resources/Referenced Sources----
-Supply Chain Issues- Due to uprising in China
https://www.asicentral.com/news/newsletters/promogram/november-2022/covid-restrictions-civil-unrest-in-china-stoke-supply-chain-concern/
-Mortgage Forecast 2023
https://www.forbes.com/advisor/mortgages/move-house-now-or-2023/
-Mortgage Rates Fall in 2023
https://www.housingwire.com/articles/the-case-for-mortgage-rates-to-fall-in-2023/
https://www.marketwatch.com/story/mortgage-bankers-forecast-rates-to-drop-to-5-4-in-2023-heres-what-that-means-for-home-prices-11666571989
-Fed to raise unemployment
https://www.marketwatch.com/story/the-u-s-jobs-market-is-too-strong-the-fed-says-so-expect-rising-unemployment-11667502186
-Bank Rate Mortgage Calculator
https://www.bankrate.com/mortgages/mortgage-calculator/