Why The Heck Are Interest Rates So High?

@JasonGoodinV1R I'll break down several of the numbers that are driving people crazy today when trying to decide to buy or sell a home In Smithfield and Hampton Roads, VA. I show you why the heck interest rates are so high and hopefully when they might go back to normal.
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Monthly mortgage market reports show high mortgage rates due to a growing spread between the 10-year treasury yield and the 30-year fixed rate mortgage. This spread has only exceeded 3% three times in the last 50 years.

[00:00](https://www.youtube.com/watch?v=UU4L23mrKfM&t=0) Mortgage rates are high due to the growing spread between 10-year treasury yield and 30-year fixed rate mortgage.

[01:21](https://www.youtube.com/watch?v=UU4L23mrKfM&t=81) High spreads causing high interest rates, but they don't last long

[02:45](https://www.youtube.com/watch?v=UU4L23mrKfM&t=165) The housing market has turned a corner and home prices are trending back up.

[04:10](https://www.youtube.com/watch?v=UU4L23mrKfM&t=250) Real estate market is returning to normal levels after the anomaly of the pandemic years

[05:38](https://www.youtube.com/watch?v=UU4L23mrKfM&t=338) Showings are up compared to pre-pandemic years

[07:06](https://www.youtube.com/watch?v=UU4L23mrKfM&t=426) Low inventory of homes for sale is a challenge in the current market

[08:32](https://www.youtube.com/watch?v=UU4L23mrKfM&t=512) Foreclosure crisis not expected to happen soon

[09:51](https://www.youtube.com/watch?v=UU4L23mrKfM&t=591) Real estate agents can help understand the market and interest rates.

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