The FED and Inflation continue to crush mortgage rates

Goldman Sachs was right! 7 rate hikes this year as the Fed shows willingness to “sacrifice growth” to help curb inflation. They are of course a day late and a trillion dollars short but I guess better late than never. So now we get to put this real estate market to the test. What happens when everyone is paying 4%+ interest? Can values hold up? Will sellers come out of the woodwork? I will continue to monitor closely in the coming days! links below!

SUBMIT YOUR SCENARIO - get a loan quote specific for you and fast! All I need is the following info…feel free to email or text:
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Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046

VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today

LINKS:
https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html
https://www.cnbc.com/2022/03/16/feds-aggressive-interest-rate-forecast-signals-willingness-to-sacrifice-growth-to-stop-inflation.html
https://www.cnbc.com/2022/03/16/heres-what-changed-in-the-new-fed-statement.html
https://www.cnbc.com/2022/03/16/russia-stokes-fears-of-first-foreign-currency-default-in-more-than-a-century.html
https://www.cnbc.com/2022/03/16/homebuilders-sales-expectations-drop-dramatically-as-mortgage-rates-soar.html
https://open.spotify.com/episode/0zN02uiYg9KUwYs4JY8Nwg