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Where Are Mortgage Rates Headed And What Makes Them Hard To Forecast

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Real Estate Technology with AgencyLogic

In today's Real Estate Podcast, from The REconomy Podcast™ from First American, Chief Economist Mark Fleming and Deputy Chief Economist Odeta Kushi discuss why mortgage rates are notoriously difficult to forecast and how post-pandemic dynamics are influencing the direction of mortgage rates in 2023.

 

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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Mortgage rates are high. Yet, we are seeing lots of buyers activity chasing the few homes on the market. Multiple offers are common. Offers over the list price are common. Prices continue to rise.

So...yeah, rates are up. But if you wait, to buy, prices will be higher on top of rates that are hard to swallow.

May 19, 2023 11:05 AM
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