StellarQuest Real Estate - Lic# 02077900
www.StellarQuest.com
Video By: Tim Hamilton
Broker Associate Lic# 01959966
(714) 486-4086
[email protected]

The 30 year fixed rate mortgage rate could reach 10% by early 2023 according to Chris Whalen. He was recent interviewed for a MarketWatch article regarding interest rates. Even if the federal reserve quits hiking rates after December, he believes rates will climb to double digits by February 2023. If rates stay at these much higher levels, he stated home prices could give back all of their pandemic gains. This would be a much larger drop in home prices than most experts are currently expecting. This is likely due to the fact that many forecasts are expecting lower rates than Whalen.

If you're thinking about buying or selling a home in Southern California please feel free to call or text me at (714) 486-4086. I am happy to help in any way that I can!

Below are a few interesting charts related to housing market values.

Stocks vs. Home Values: https://www.longtermtrends.net/stocks...

Home Values vs. Median Income: https://www.longtermtrends.net/home-p...

Home Values vs. Inflation https://www.longtermtrends.net/home-p...

You can also visit our website at https://www.stellarquest.com

#housing #marketupdate #orangecounty #buyahome #sellahome #orange #interestrates #mortgagerates #southerncalifornia

Chapters:
0:00 Double digit interest rates?
1:06 Home Prices Could Drop
2:18 Why will interest rates keep rising?
3:10 Call if you have questions