"Ron has amazing insight into the financial and real estate markets."
doug waldman
Understanding the housing market can be tricky, but we've broken down the latest financial report into simple terms. Here's a quick snapshot:
Key Points:
- Today's house prices might be slightly higher than yesterday's, but not by much, and they're not expected to change a lot during the day.
- The Federal Reserve, the country's central bank, is expected to raise interest rates next month and keep them at 5.25% for the rest of the year.
- If you're planning to close a loan in less than 15 days, it's a good idea to lock in your rate now as it's unlikely that rates will get better in the next week or so.
- For loans closing in 15-30 days, consider locking in your rate as there's not much chance that rates will get better.
- If you're closing a loan in more than 30 days, you can wait a bit before deciding whether to lock in your rate, but it might not be a bad idea to lock in your rate now.
For a more detailed understanding, we recommend reading the full report. It provides a comprehensive view of the current housing market and what to expect in the near future.
Key Points:
- Today's house prices might be slightly higher than yesterday's, but not by much, and they're not expected to change a lot during the day.
- The Federal Reserve, the country's central bank, is expected to raise interest rates next month and keep them at 5.25% for the rest of the year.
- If you're planning to close a loan in less than 15 days, it's a good idea to lock in your rate now as it's unlikely that rates will get better in the next week or so.
- For loans closing in 15-30 days, consider locking in your rate as there's not much chance that rates will get better.
- If you're closing a loan in more than 30 days, you can wait a bit before deciding whether to lock in your rate, but it might not be a bad idea to lock in your rate now.
For a more detailed understanding, we recommend reading the full report. It provides a comprehensive view of the current housing market and what to expect in the near future.