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Mortgage rates up again - when will this end?
Well according to Fannie Mae, rates are going to drop a full percentage point in the next year. I think that totally makes sense and could happen even faster potentially IMO. The San Diego real estate market is starting to warm up a bit. Losing several offers in the past week to multiple-counter situations and seeing more people showing interest in the early stages of home buying. If we see rates drop, the buyers market could disappear so fast it will make your head spin. Be on the hunt, I'm looking at real estate EVERYWHERE right now and you should be too if you have the ability. Not sure about your purchasing power? I can help you figure it out - that's what I do and always here to help! Links below :)
GET A FREE LOAN QUOTE - FAST! All I need is the following:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in
APPLY for loan pre-approval 24/7 here: www.DerrickEvens.com
NEED A REALTOR IN San Diego? I know some of the absolutely best and happy to refer you to someone that works specifically in the area important to you.
Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046
#realestatecrash #sandiegorealestate #realestateinvesting #mortgagerates #realestate #valoan #recession
LINKS:
https://www.cnbc.com/2022/08/29/fannie-mae-says-fixed-mortgage-rates-could-fall-to-4point5percent-next-year.html
https://www.cnbc.com/select/what-are-mortgage-points-and-how-do-they-work/
https://www.cnbc.com/2022/08/29/ftc-sues-data-broker-kochava-for-allegedly-selling-phone-location-data.html
https://www.optoutprescreen.com/
https://www.congress.gov/bill/117th-congress/house-bill/7661/text?q=%7B%22search%22%3A%5B%22TRIGGER+LEADS%22%2C%22TRIGGER%22%2C%22LEADS%22%5D%7D&r=1&s=1
https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html
https://fred.stlouisfed.org/series/MORTGAGE30US
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