Mortgage Market and Rate Update – Upward Mortgage Rate Trend Continues

By Douglas Katz – 07/22/2022

Per Freddie Mac:

The housing market remains sluggish as mortgage rates inch up for a second consecutive week. Consumer concerns about rising rates, inflation and a potential recession are manifesting in softening demand. As a result of these factors, we expect house price appreciation to moderate noticeably.

Other Key Points and Highlights:

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