This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed.
All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers.
But for nearly a month now, we've seen that pressure slowly ease as mortgage rates have fallen. So, will they continue this downward trend inn 2023 or will they continue to remain volatile?
KCM's David Childers has the latest update on mortgage rates plus the best way to explain all of this to your clients. _______________________________________________________________________________________________ SUBSCRIBE to Keeping Current Matters to stay up to date with the Real Estate Market and learn helpful tips to make you the trusted advisor in your market. _______________________________________________________________________________________________ Find us on: Instagram: @KeepingCurrentMatters Facebook: Keeping Current Matters LinkedIn: Keeping Current Matters
