Mortgage rates have not just risen; they've exploded, toppling 7.5% for the first time since the tumultuous year of 2000, and average US mortgage payments have followed suit, skyrocketing a horrifying 46% in a single year. Home loan applications have plummeted to the lowest depths since the 1990s, reflecting a mortgage demand at its feeblest since 1996 amidst an ‘inventory crisis’. Is housing, now the largest expenditure for 33% of households, on the brink of becoming an unattainable dream for many? In this live episode, we are going to discuss the latest from the Federal Reserve, the latest employment and economic data while helping you understand how that affects you as a buyer or seller in the 2023 housing market.
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Connect with Jeb 👇
Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty ➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡Y O U T U B E ➳https://www.youtube.com/c/JebSmith
Connect with Josh 👇
Josh Lewis (Huntington Beach Certified Mortgage Expert) DRE 01209148 Buywise Mortgage M:714-916-5727 E: firstname.lastname@example.org ➡I N S T A G R A M ➳ https://www.instagram.com/joshlewisCMC ➡Y O U T U B E ➳https://www.youtube.com/c/joshlewisCMC
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