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Fed Fight Not Over and Inflation still not tamed
Manage episode 407286166 series 3561510
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The Massive Impact on Realtors and Lenders!
β οΈ Inflation alert! π Is Your wallet feeling a bit lighter? Mortgage rates are heading into the 7's! π πΈ Brace yourself, as there are more rate hikes ahead! ππ Dive in with me as we unravel the fallout and impact on Realtors and Loan Officers π’πΌ, and what this means for YOU! π₯π₯
This isn't just talk; we've got the graphs to show you! ππ From the Great Recession of '04-'06 to now, the economic roller coaster continues π’β³. Ever wondered what happens when mortgage lenders are losing money on every loan? π€π°
The industry feels the heat, and we're right there with them, breaking it down one piece at a time! π΅οΈββοΈπ Homebuyers, Realtors, Lenders...we're all in this together π€π But remember, neither good nor bad times last forever!
Show Links: Interest Rate Hikes: Comparing Their Speed from 1988-2023 (visualcapitalist.com)The average IMB lost $1,972 per loan in Q1 - HousingWire
30 Year Fixed Mortgage Rates - National Average (mortgagenewsdaily.com)
Housing Market Tracker: A wild week for rates - HousingWire
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