Mortgage rates don’t move because of one headline, one Fed meeting, or one economic report.
One of the most overlooked pieces is the spread between mortgage rates and Treasury yields.
Builders are not just discounting homes. They are redesigning the economics of the transaction.
Before another resale price reduction, compare seller credits, rate buydowns, repairs, buyer $, seller net, and execution risk.
Compete with the builder’s economics, not just the price
The perfect time may never come, but your plan doesn’t have to wait.
Fannie Mae’s latest forecast suggests mortgage rates may remain above 6% for longer than many expected. Read it here: https://t.co/jdx1QfgUat
#HousingMarket#MortgageStrategy
If we do hit a recession, I think housing absolutely rips in core markets.
I'd still be wary of zoom towns, with the carnage we are seeing with tech layoffs, folks will look to move closer to the center of influence. It's much harder to get a tech job in Nashville than San Jose
We just got the worst ADP jobs report since the asteroid smashed into earth and wiped out the dinosaurs which we clearly used as heavy equipment such as cranes and backhoes. #Jobs#ADP