Inflation is driving Higher Mortgage Rates скачать в хорошем качестве

Inflation is driving Higher Mortgage Rates

Consumer Price Index Summary https://www.bls.gov/news.release/cpi.... PDF https://www.bls.gov/news.release/pdf/... 2022 Fed Rate Hikes: Taming Inflation https://www.forbes.com/advisor/invest... Current Mortgage Rates https://www.bankrate.com/mortgages/mo... Housing Payments $400,000 Loan PI Payment 3.% = $1,686 7.3% = $2,742 (up $1,056 or 63%) Higher payments are the Reason why home prices are dropping. Fed Rate Forecast raises the Federal Funds rate Currently, 4.0% Forecast 4.5% - 5%, which would make home mortgages somewhere between 8.0% to 8.5% 8% = $2,935 8.5% = $3,075 (up $1389 or 82%) Recommendations/Summary housing is getting more expensive at the same time, prices are dropping. Buying a house how would save you money because the prices are not dropping in proportion to the rate increase. There will be opportunities in the future, especially if these rates stay high for longer periods of time. Visit us on our other pages too! Facebook:   / riseutahrealty   Instagram: instagram.com/riseutah Our Blog: https://www.riseutah.com/blog/