Is the housing market finally in big trouble with Mortgage rates pumping again?

Friends, make no mistake we are more fragile now than we have been in this housing correction. The FED meets tomorrow and delivers policy announcement on Wednesday that could cause things to get nutty for a minute. The worst may not be behind us as I had hoped but I do think its not far from here when we "bottom" and start to see rates reverse. However, at the moment, I highly suggest locking as soon as you can if you're in escrow or wanting to refi. Links below - hope it helps!

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

APPLY for loan pre-approval 24/7 here: www.DerrickEvens.com
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

#housingcrash #realestatecrash #mortgagerates #realestatecrash

LINKS:
https://www.cnbc.com/2022/09/19/more-homebuilders-lower-prices-sentiment-falls-for-ninth-straight-month.html
https://www.mortgagenewsdaily.com/mortgage-rates
https://fortune.com/2022/09/13/210-housing-markets-at-risk-of-15-to-20-home-price-declines-says-moodys-housing-crash/amp/
https://fred.stlouisfed.org/series/MORTGAGE30US
https://fred.stlouisfed.org/series/ASPUS
https://www.facebook.com/photo.php?fbid=7507342295943326&set=pb.100000028904943.-2207520000..&type=3