Mortgage Rates Fall to a 4-Month Low, Biggest Decline since 2008 Housing Crash

BREAKING NEWS: mortgage rates just fell to a 4-month low posting the biggest 5-week decline since 2008. In today’s video, I’ll discuss why mortgage interest rates have fallen so much and I’ll also share other leading indicators of home buying demand so we can gauge which direction our US housing market is headed including mortgage application numbers (per the Mortgage Bankers Association or MBA, real estate agent showings, etc.

Thank you for watching the video! I appreciate you. Please like, share this video and subscribe! Links to all the reports I discussed are below.

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Reports I covered in today’s video:
https://www.bloomberg.com/news/articles/2023-12-06/us-mortgage-rate-drops-to-four-month-low-boosting-refinancing?embedded-checkout=true

https://www.mortgagenewsdaily.com/markets/mortgage-rates-12062023

https://www.mortgagenewsdaily.com/mortgage-rates

https://www.freddiemac.com/media-room

https://www.cnbc.com/2023/12/06/mortgage-refinance-demand-jumps-as-rates-fall.html

https://www.mba.org/news-and-research/newsroom/news/2023/12/06/mortgage-applications-increase-in-latest-mba-weekly-survey

https://www.investing.com/economic-calendar/

https://trends.google.com/trends

https://www.showingtime.com/daily-showing-activity/

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7% (at the time of filming this video for those with excellent credit).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

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#mortgagerates #interestrates #housingmarket


Did you miss our previous article...
https://realestatevideos.club/Mortgages/fed-rate-prediction-why-everyone-is-wrong-about-interest-rates