Fresh Home Loan Inc. Does Their Annual Rate and Forecast of Mortgage Interest Rates and Housing for 2023
Inflation and Mortgage Rates
Recession is Coming
The Ten Year Treasury and Mortgage rates, a greater divide.
Recession follows and inverted Yield Curve like we have now.
Inflation, Recession, Mortgage Interest Rates, and the Housing Market, Garrick Werdmuller, President and CEO of Fresh Home Loan, Breaks Down Market Forecast
"Despite higher interest rates, we are still seeing a very active market in the San Francisco Bay Area. With a lack of inventory, there is still a reasonable amount of demand and this is a great time for first time buyers to get in with less competition" explains Garrick Werdmuller, President and CEO of Fresh Home Loan.
The main touchpoints Habib discuses are:
Housing Forecast:
•Lower inflation
•Recession-like slowdown
•Incomes increasing to help affordability
•Very tight inventory environment
•Rents still expensive and rising
Low single-digit appreciation for most of the US with a pickup in activity
Mortgage Rate Forecast
Headwinds
•Global quantitative tightening
•Lack of foreign Central Bank buying
•More debt to be financed
Tailwinds
•Lower inflation
•Excess retail inventory
•Increase in mortgage servicing value
•Recession likely
•Rates decline during recessions
30-year fixed mortgage rates move near 5% during first half of 2023
US 10-year near 3% or lower
For more information contact Garrick Werdmuller at 510.282.5456 or garrick@freshhomeloan.com .
You may also visit us at https://freshhomeloan.com
Garrick Werdmuller
President CEO
Fresh Home Loan Inc
510.282.5456 call/text
www.FreshHomeLoan.com
1151 Harbor Bay parkway Suite 136 Alameda Ca 94502
NMLS 242952
All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and [products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104
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Garrick Werdmuller
Fresh Home Loan Inc
+1 510-282-5456
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2023 Market Forecast
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