Market Update: Inventory & Interest Rates Rising

Wondering what the housing market is going to do this summer? Here's what experts are predicting:⁣

→ All signs point to interest rates growing further in 2022, with the Fed planning hikes after each of its remaining 2022 meetings.⁣
→ Inventory is likely to peak in late summer or early fall. About 64% of prospective home sellers plan to list their properties by the end of August.⁣

If you’ve got your heart set on buying, our advice is this: Don’t give up now, get paperwork ready, and stay positive. Your home -- "The One" -- is out there, just waiting for you to discover it! ⁣

Sources: The Mortgage Reports⁣

Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States

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