Average 30yr fixed mortgage rates just surged to more than 7%! Rates haven’t been this high since early-March. For a home buyer looking to purchase a median priced home in the US of around $370,000 they will pay an additional $200 more per month compared to a month and a half ago. This is because average mortgage rates increased from 6.2% to about 7% per the Mortgage News Daily.
Also in today’s video, I share a detailed look at early indications of home buyer demand such as real estate showings, Google searches for “homes for sale”, pending home sales and more!
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Compilation of Housing Market Forecast videos:
Reports I shared in today’s video:
https://www.showingtime.com/impact-of-coronavirus/
https://www.mortgagenewsdaily.com/mortgage-rates
To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7% 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 (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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