Residential Real Estate Housing Market Update – December

Mortgage Rates came down sharply last week on the back of positive inflation news.  So while the Fed’s plan to continue raising rates and attempt to get inflation back to 2%, the bond market is responding favorably to the fact inflation is coming down.

Although Fed Rate increases do impact the markets and consumer spending, it does not directly impact mortgage rates.  We really won’t know if the housing market has found the bottom until we see six months of data from today, but it will be interesting to see if mortgage rates continue to decline as inflation declines.

Based on what we saw last week, the housing market may recover sooner than expected.

Buyer’s this may be your best window of opportunity you’ll get. Time will tell.

We are here to help, gives us a call we can help you with all your residentials needs.