Ready2Downsize
Well-known member
Davidlee199 said:Don?t be surprised mortgage rate will hit 6% by end of this year. U.S. stocks are lower after Federal Reserve Governor Lael Brainerd said the central bank would "continue tightening monetary policy methodically through a series of interest rate increases" and start to reduce the balance sheet at a rapid pace as early as May.
That will motivate more people to buy now with low inventory.
If people actually believed rates would stay the same or not go up maybe they would be more cautious on bidding on homes and wait to see if more homes hit the market in the spring selling season.