Mortgage rates fell sharply on Tuesday, October 10th and in today’s video I explain why. I also discuss a new report from Fannie Mae that showed that the share of people who believe it’s a good time to buy a home fell to nearly an all-time record low (tied with the record low set last year). At the same time, credit availability eased somewhat in September as more lenders expanded their mortgage loan offers slightly in light of elevated mortgage interest rates.
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Compilation of Housing Market Forecast videos:
Reports I shared in today’s video:
https://www.mortgagenewsdaily.com/mortgage-rates
https://www.mortgagenewsdaily.com/markets/mortgage-rates-10102023
https://www.cnbc.com/2023/10/10/us-treasurys-investors-consider-impact-of-israel-hamas-conflict.html
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
https://www.mba.org/news-and-research/newsroom/news/2023/10/10/mortgage-credit-availability-increased-in-september
https://www.fanniemae.com/newsroom/fannie-mae-news/elevated-mortgage-rates-push-housing-sentiment-even-lower
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 year fixed rate mortgage is around 7.6% for the current mortgage rates (at the time of filming this video for those with excellent credit).
Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?
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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com
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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.
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#interestrates #mortgagerates #housingmarket
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