2023 and 2024 mortgage rate predictions

2023 and 2024 mortgage rate predictions

In a WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates It has been quite a ride for mortgage rates over the last two years.  As of this writing mortgage rates were around 7.5% (with no points) which is quite...
CPI falls, Fed likely done raising

CPI falls, Fed likely done raising

  What does the recent CPI fall  mean for mortgage rates and real estate prices?   A broad slowdown in inflation continued in October, likely ending the Federal Reserve’s historic interest rate increases. The slowdown came below most median estimates and the...
Fed has lost control of interest rates

Fed has lost control of interest rates

Housing industry urges Fed to stop raising rates, does it even matter? Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available...
16 percent drop in Luxury spending, I created a model to predict when real estate prices will fall.

16 percent drop in Luxury spending, I created a model to predict when real estate prices will fall.

In the past recessions, especially in 2008, just prior to the crash we saw a big pull back in luxury purchases.  This was an early indicator of huge drops in real estate prices.  Currently we are seeing a resounding change in luxury spending, does this mean luxury...
Marry, the house, date the rate, Airlines show this is a bad idea

Marry, the house, date the rate, Airlines show this is a bad idea

In almost every real estate advertisement I receive, there is a common theme that prospective buyers should not focus on the rate as they will be able to refinance relatively soon at a much lower rate.  How true is this theory?  Are rates going to drop quickly like in...
Has the housing market bottomed out?  Will housing prices continue to rise? What does this mean for interest rates

Has the housing market bottomed out?  Will housing prices continue to rise? What does this mean for interest rates

Like most, I have been surprised at the recent upward movement in prices.  Did we just experience the shortest housing cycle ever?  Are housing prices going to continue their recent upward swing?  Why are housing prices now moving higher after a very shallow decline...