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 :)

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- Loan amount
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- Approx credit score
- Condo/Detached
- State property is in

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#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