I have written about this for months, but this short article from RISMedia is an interesting perspective:
Mortgage Backed Securities and the Real Estate Market: Where Do We Go From Here?
I have seen other credible forecasts that when the Fed withdraws support, mortgage rates could increase 1% to 2% about current rates. These "power brokers" are more optimistic, and generally see the market stabilizing.
Even if rates do go "all the way" to 6.5% or 7%, though, that is still very attractive historically, and I am confident that we'll be just fine. As I have written extensively, I am also optimistic -- particularly about the coming 12 to 18 months in Central Texas real estate.
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