The Fed will step in and slow it down almost for certain now.
Average mtg rate now 4.5% as of this AM. I notice that housing seems to be plateauing. Historically that is a pretty low rate but many in the markets these days don’t recall the higher rates of the past, with 6% seemingly the “average”.
I remember in the ‘80s during the real estate boom, the wide-eyed wonder we had at 7% mortgage rates. And real estate was jumping. Must have done several hundred closings in ‘87. The county clerk’s office was a zoo every day. Fed has an itchy trigger finger, and there’s plenty of wiggle room to pull the trigger in.
“The Fed will step in and slow it down almost for certain now.”
I agree. The Fed will slow the economy down by raising rates ever more and than they have during Trump and then the leftist mainstream media and the leftist Facebook/Google/Amazon/Youtube/Twitter monopoly will say it’s Trump’s “talk on trade” not the Fed which is the cause.