October 19, 2022

RECAP: Rates continued to climb this week! The 30 year fixed rates are now 7.22%, which is 4.03% higher than it was a year ago. This has continued to put pressure on buyer affordability and the resulting decline in Pending Sales. All of this created another 2022 Months of Inventory high this week of 2.74 MOI.  I have been hearing from experts in the Mortgage Industry about is optimism that rates...

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb....