Mortgage Interest Rates and Real Estate Market Forecast

Today the Feds are expected to raise the prime rate by another .25%.  However, this will end up being good for mortgage interest rates. Next week on May 10th, the inflation report comes out and we expect downward pressure on inflation reducing mortgage interest rates. 

In addition. I believe we have just hit bottom in the Real Estate and Mortgage Market, and all signs are pointing to more available inventory for home buyers. This will also create refinance opportunities for current homeowners, utilizing equity to consolidate and reduce monthly cash out-flow. 

Please click on the short video for some further explanation. Thank you so much and talk soon.