Are we in a recession or not? Does it matter?
As I've said since July 1, we are in fact, in a recession. But does that mean that horrible things are on the horizon? Not necessarily. Recessions are all different and this one will certainly be as well. We need to take it one day at a time. This week is HUGE because the FED is likely to raise rates .5-1% and I think we'll land right in the middle of that range. Either way, the markets are poised for major volatility so be on the ready. Mortgage rates holding strong and I think we'll see them drop in the near future. Hope this helps! Links below :)
GET A FREE LOAN QUOTE - FAST! All I need is the following:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in
NEED A REALTOR IN San Diego? I know some of the absolutely best and happy to refer you to someone that works specifically in the area important to you.
Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046
#sandiegorealestate #realestate #mortgage #valoan #realestateinvesting #mortgagerates #realestatecrash #recession
LINKS:
https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/
https://www.cnbc.com/2022/07/25/walmart-cuts-second-quarter-guidance-as-it-sees-slower-growth-due-to-inflation.html
https://www.cnbc.com/2022/07/25/the-numbers-show-the-us-economy-is-at-least-teetering-on-a-recession.html
https://www.cnbc.com/select/how-applying-for-a-mortgage-affect-credit-score/
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