{"id":7860,"date":"2022-09-27T10:00:24","date_gmt":"2022-09-27T10:00:24","guid":{"rendered":"https:\/\/thezakariagroup.com\/how-an-expert-can-help-you-understand-inflation-mortgage-rates\/"},"modified":"2022-09-27T10:00:24","modified_gmt":"2022-09-27T10:00:24","slug":"how-an-expert-can-help-you-understand-inflation-mortgage-rates","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/how-an-expert-can-help-you-understand-inflation-mortgage-rates\/","title":{"rendered":"How an Expert Can Help You Understand Inflation & Mortgage Rates"},"content":{"rendered":"
\n

\"How<\/p>\n

If you\u2019re following today\u2019s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let\u2019s take a look at each one.<\/span><\/p>\n

Inflation\u00a0<\/strong>and the Housing Market<\/strong><\/h4>\n

This year, inflation<\/a> reached a high not seen in forty years<\/a>. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home.<\/p>\n

While the Federal Reserve<\/em> is working hard to lower inflation, the August data<\/a> shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations about a recession. It also played a role in the Federal Reserve\u2019s<\/em> decision to raise the Federal Funds Rate last week. As Bankrate <\/em>says<\/a>:<\/p>\n

\n

\u201c. . .<\/em><\/strong> the Fed has raised rates again, announcing yet another three-quarter-point hike on September 21 . . . The hikes are designed to cool an economy that has been on fire. . .\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

While their actions don\u2019t directly dictate what happens with mortgage rates, their decisions have contributed to the intentional cooldown in the housing market. A recent article from Fortune <\/em>explains<\/a>:<\/p>\n

\n

\u201cAs the Federal Reserve moved into inflation-fighting mode, financial markets quickly put upward pressure on mortgage rates. Those elevated mortgage rates . . . coupled with sky-high home prices, threw cold water onto the housing boom.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

The Impact on Rising Mortgage Rates<\/strong><\/h4>\n

Over the past few months, mortgage rates have fluctuated in light of growing economic pressures. Most recently, the average 30-year fixed mortgage rate<\/a> according to Freddie Mac<\/em> ticked above 6% for the first time in well over a decade (see graph below<\/em>):<\/p>\n

\"How<\/a><\/p>\n

The mortgage rate increases this year are the big reason buyer demand<\/a> has pulled back in recent months. Basically, as rates (and home prices) rose, so did the cost of buying a home. That pushed on affordability<\/a> and priced some buyers out of the market, so home sales slowed and the inventory<\/a> of homes for sale grew as a result.<\/p>\n

Where Experts Say Rates and Inflation Will Go from Here<\/strong><\/h4>\n

Moving forward, both of these factors will continue to impact the housing market. A recent article<\/a> from CNET<\/em> puts the relationship between inflation and mortgage rates in simple terms:<\/p>\n

\n

\u201cAs a general rule, when inflation is low, mortgage rates tend to be lower. When inflation is high, rates tend to be higher.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

Sam Khater, Chief Economist at Freddie Mac<\/em>, has this to say<\/a> about where rates may go from here:<\/p>\n

\n

\u201cMortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth. The high uncertainty surrounding inflation and other factors will likely cause rates to remain variable, . . <\/strong>.\u201d <\/em><\/p>\n<\/blockquote>\n

While there\u2019s no way to say with certainty where mortgage rates will go from here, there is something you can do to stay informed, and that\u2019s connect with a trusted real estate advisor. They keep their pulse on what\u2019s happening today and help you understand what the experts are projecting. They can provide you with the best advice<\/a> possible.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Rising inflation and higher mortgage rates have had a clear impact on housing. For expert insights on the latest trends in the housing market and what they mean for you, let\u2019s connect.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019re following today\u2019s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let\u2019s take a look at each one. Inflation\u00a0and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[99,100,102,104],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nHow an Expert Can Help You Understand Inflation & Mortgage Rates - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/how-an-expert-can-help-you-understand-inflation-mortgage-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How an Expert Can Help You Understand Inflation & Mortgage Rates - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re following today\u2019s housing market, you know two of the top issues consumers face are inflation and mortgage rates. 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