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Economy is starting to slow, what does that mean for mortgage rates?

The US economy has started to slow according to the latest data so what will that mean for mortgage rates? Will the rates begin to come back down a bit more or will they continue to hold around 7%?

In this video, we’re going to provide a market update for June. We’ve been tracking the data and will continue to do so throughout the summer, and we’re seeing and hearing a little more pessimism than previous months. We’ll get into the latest economic data, the Federal Reserve’s outlook, and what potential homebuyers can expect in the coming months. If you’re curious about where mortgage rates might be headed and how to navigate the current market, we think you’ll get a lot out of this video.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:08 – Economic data

3:25 – Will interest rates follow?

5:22 – What rates do we anticipate?

6:19 – What are we watching in upcoming months?

 

Schedule a time to meet with Bill here: https://calendly.com/blitton/

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