I Was NOT Expecting This… Mortgage Demand Increases

Real Estate
Mortgage demand still is lagging behind last year’s levels but in a surprise twist, both refinance and purchase applications for mortgages increased last week as mortgage rates were more/less flat for the week ending 6/10/22 even though mortgage rates averaged around 5.5% last week. However, housing affordability continues to be a giant issue which is hampering homebuyer demand this year.

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Jason

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 6% for the current mortgage rates (at the time of filming this video). That’s up ~3 percentage points from a year ago for the average 30yr fixed rate mortgage.

➜➜➜ Or, email me if you’re looking to buy or sell a home in the greater Sacramento area (w/n ~30mn drive from Sacramento): jason@meetjasonwalter.com

My Bold Housing Market Predictions for 2022:

Compilation of Housing Market Forecast videos:

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (lic 103885)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty One Group in California under DRE 01923240.

#mortgagerates #housingmarket #mortgage

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