The Fed’s Grim Warning for Mortgage Rates

The Fed just signaled where mortgage rates could be throughout the rest of 2023 and 2024. While this may seem like good news to some more casual economic observers, most real estate investors know that this will lead to an even pricier housing market, higher mortgage rates for longer, and a challenging economy for the foreseeable future. What was the Fed’s latest update, and how does it affect your ability to invest? Stick around; we’ll give you the full picture.

We’re back with another Mortgage Monday, and this time, we’re talking about everyone’s most/least favorite subject: mortgage rates. Jerome Powell, Chair of the Federal Reserve, made some recent announcements that sent mortgage rates well into the eight percent range. This now makes buying a house DANGEROUSLY unaffordable for most Americans, but things could get even worse for home buyers.

We’ll also get into bigger housing market trends like why short-term rental revenue could tank, why housing supply is starting to crater, and why a tough economy could have zero effect on home prices.

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Mortgage Rates Reach the Highest Point in 20 Years—How Much Higher Will They Go?
https://www.biggerpockets.com/blog/mortgage-rates-reach-20-year-high?utm_source=youtube&utm_medium=description&utm_campaign=none
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00:00 New Fed Update
01:00 Jerome Powell Pauses Rate Hikes
03:05 Why Are Rates STILL Rising?
04:13 Housing Inventory Craters
07:33 Short-Term Rentals Get Squeezed
08:07 Bad News for First-Time Home Buyers
11:42 Work with Christian and David!

Видео The Fed’s Grim Warning for Mortgage Rates канала BiggerPockets