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US mortgages could hit 8% says Realtor economist

Mortgage interest rate remarks from Lawrence Yun,s chief economist at the National Association of Realtors in the US. He outlined a couple of scenarios:If the Fed says inflation is contained, then mortgage rates are likely to slide down to about 6% by year-endIf the Fed continues to be aggressive and raises rates again, then mortgages could hit 8%These were contained in a Wall Street Journal article (gated):What 7% Mortgage Rates Mean for Home BuyersThere is nothing further from Yun at the artic... Read More

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Posted: Aug 16 2023, 21:31

Author Name: forexlive

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