Thanks to a stronger than expected March jobs report that was announced last week and inflation not winding down to the Fed’s target of 2%, the Federal Reserve may not pivot (i.e. cut interest rates) anytime soon and that could keep mortgage rates higher for longer.
But, what will happen when mortgage rates do fall? Should you wait to buy a home until mortgage interest rates decrease? Let’s discuss! In today’s livestream aired April 9, 2024 I’m joined with @meetjimblack (CEO of Revest Homes and a licensed mortgage loan officer for over 20 years.
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To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed mortgage rate is around 7% 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?
*** Jason Walter, CPA (inactive CPA lic 103885) Sacramento real estate agent and native (DRE 01923240) Mortgage Loan Officer, NMLS 2566691 Revest Homes (DRE 02174879, NMLS 2362319) [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.
This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).
