What kind of market can we expect in 2022? The Housing Market in 2021 The total value of the residential real estate market grew by a record amount in 2021 – $6.9 trillion – to $43.4 trillion. (Source: Manhertz) This value gain comes from an increase in home values due a decrease in inventory (less… Continue reading What Kind of Housing Market Can We Expect in 2022?
The Federal Reserve raised the Federal funds rate by 0.25%. They did not raise mortgage rates. Mortgage rates did respond to this though with an increase. Today, the 30 yr fixed-rate mortgage rate is 4.16%. The Fed has said that they will continue to increase the Fed funds rate maybe two or three more times this… Continue reading The Fed Raised Rates, What Does This Mean for You?