HomeBusinessHousingMortgage Rates Over 4%, Median Home Price $450K
Mortgage Rates Over 4%, Median Home Price $450K

Mortgage applications dropped last week as mortgage rates are over 4%, says Michael Zarembski of Charles Schwab. He explains that home inventory is very low with an average sales price of above $450K. He discusses how inflation and overall lower stock markets weigh in on consumer sentiment. He feels the Fed will hike by one quarter point in the next Fed meeting. He will be looking for durable goods numbers as a key indicator.

Futures

23 Feb 2022

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