Check out my latest article: Breaking Down 2023: Essential Real Estate & Economy Insights You Can't Miss! https://t.co/i7aTaRSTVv via @LinkedIn
When the economy shifts into a recession — and it will — rates will go down. Buyers today can be snuggling in their own warm homes and refinance into a lower monthly payment versus competing with other buyers who come back out when rates do drop.
BOOYAH! 🚀🚀🚀 CPI comes in with a BIG drop to 7.7% from 8.2%. Still high, but we'll take the wins when we can get them. Dow futures rallied 600 points on the news, and the 10-year bond dropped below 4% to 3.9%. 🥳 Mortgage rates will IMPROVE today!