HomeLifestyleRetailPossibility of Mortgage Rates Hitting Over 6% This Year
Possibility of Mortgage Rates Hitting Over 6% This Year

The Homebuilder Index drops for the fourth consecutive month. Builders feel more upbeat about single-family sales in the next six months, explains George Ratiu, Sr. Economist, Realtor.com. Mortgage rates are the highest since 2018. I really believe rates are going to hit well above six percent by the end of the year, says Erin Sykes, Chief Economist, Nest Seekers International. She thinks it will be a struggle for Millennials trying to buy for the first time. Erin thinks we will see a strong spring and summer for the housing market, but with factors such as higher inflation and geopolitical issues, people should have realistic expectations when it comes to pricing.

Trading 360

18 Apr 2022

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