[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f75h9zerjczkc":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},4305,"how-an-expert-can-help-you-understand-inflation-mortgage-rates","How an Expert Can Help You Understand Inflation & Mortgage Rates","If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F26123142\u002F202209207-KCM-Share.jpg","If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Inflation \u003C\u002Fstrong>\u003Cstrong>and the Housing Market\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThis year, \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F05\u002F20\u002Fdont-let-rising-inflation-delay-your-homeownership-plans-infographic\u002F\">inflation\u003C\u002Fa> reached a high not seen in \u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2022\u002F06\u002F10\u002Fconsumer-price-index-may-2022.html\">forty years\u003C\u002Fa>. 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.\r\n\r\nWhile the\u003Cem> Federal Reserve\u003C\u002Fem> is working hard to lower inflation, the \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fblogs\u002Feconomists-outlook\u002Finstant-reaction-consumer-price-index-september-13-2022\">August data\u003C\u002Fa> 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 \u003Cem>Federal Reserve’s\u003C\u002Fem> decision to raise the Federal Funds Rate last week. As \u003Cem>Bankrate \u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Fwww.bankrate.com\u002Freal-estate\u002Fhow-fed-rate-hike-affects-housing\u002F\">says\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“. . .\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> \u003Cstrong>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. . .”\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWhile their actions don’t directly dictate what happens with mortgage rates, their decisions have contributed to the intentional cooldown in the housing market. A recent article from \u003Cem>Fortune \u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffortune.com\u002F2022\u002F08\u002F15\u002Ffalling-home-prices-to-hit-these-housing-markets-in-2023-and-2024\u002F\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“As the Federal Reserve moved into inflation-fighting mode, financial markets quickly put upward pressure on mortgage rates. \u003Cstrong>Those elevated mortgage rates . . . coupled with sky-high home prices, threw cold water onto the housing boom.”\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>The Impact on Rising Mortgage Rates\u003C\u002Fstrong>\u003C\u002Fh4>\r\nOver the past few months, mortgage rates have fluctuated in light of growing economic pressures. Most recently, the average 30-year fixed \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">mortgage rate\u003C\u002Fa> according to \u003Cem>Freddie Mac\u003C\u002Fem> ticked above 6% for the first time in well over a decade (\u003Cem>see graph below\u003C\u002Fem>):\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F28163855\u002F20220927-MEM-Eng-1-.png\">\u003Cimg class=\"aligncenter wp-image-47231\" src=\"https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F28163855\u002F20220927-MEM-Eng-1-.png\" alt=\"How an Expert Can Help You Understand Inflation & Mortgage Rates | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nThe mortgage rate increases this year are the big reason \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F19\u002Fwill-my-house-still-sell-in-todays-market\u002F\">buyer demand\u003C\u002Fa> has pulled back in recent months. Basically, as rates (and home prices) rose, so did the cost of buying a home. That pushed on \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F13\u002Fthree-things-buyers-can-do-in-todays-housing-market\u002F\">affordability\u003C\u002Fa> and priced some buyers out of the market, so home sales slowed and the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F25\u002Fwhy-you-may-want-to-start-your-home-search-today\u002F\">inventory\u003C\u002Fa> of homes for sale grew as a result.\r\n\u003Ch4>\u003Cstrong>Where Experts Say Rates and Inflation Will Go from Here\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMoving forward, both of these factors will continue to impact the housing market. A \u003Ca href=\"https:\u002F\u002Fwww.cnet.com\u002Fpersonal-finance\u002Fmortgages\u002Fmortgage-rates-on-sep-26-2022-rates-tick-up\u002F\">recent article\u003C\u002Fa> from \u003Cem>CNET\u003C\u002Fem> puts the relationship between inflation and mortgage rates in simple terms:\r\n\u003Cblockquote>\u003Cem>“As a general rule, when inflation is low, mortgage rates tend to be lower. \u003Cstrong>When inflation is high, rates tend to be higher.”\u003C\u002Fstrong>\u003C\u002Fem>\u003C\u002Fblockquote>\r\nSam Khater, Chief Economist at \u003Cem>Freddie Mac\u003C\u002Fem>, has this to \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F25711\u002Fpdf\">say\u003C\u002Fa> about where rates may go from here:\r\n\u003Cblockquote>\u003Cem>“Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth. \u003Cstrong>The high uncertainty surrounding inflation and other factors will likely cause rates to remain variable, . . \u003C\u002Fstrong>.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nWhile there’s no way to say with certainty where mortgage rates will go from here, there is something you can do to stay informed, and that’s connect with a trusted real estate advisor. They keep their pulse on what’s happening today and help you understand what the experts are projecting. They can provide you with the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F08\u002F29\u002Fa-trusted-real-estate-advisor-provides-expert-advice\u002F\">best advice\u003C\u002Fa> possible.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nRising 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’s connect.","\r\nRising 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’s connect.","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F28163855\u002F20220927-MEM-Eng-1-.png",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},35,"Mortgage Rates","mortgage-rates","2022-09-27T10:00:24Z","2023-02-03T15:33:50Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},4304,"the-true-strength-of-homeowners-today","The True Strength of Homeowners Today","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F22164529\u002F20220926-KCM-Share.jpg","2022-09-26T10:00:08Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},4307,"why-you-should-consider-condos-as-part-of-your-home-search","Why You Should Consider Condos as Part of Your Home Search","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F27124647\u002F20220928-KCM-Share.jpg","2022-09-28T10:00:38Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,62,66,70,74,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":67,"name":68,"slug":69},9,"Home Prices","home-prices",{"id":71,"name":72,"slug":73},11,"First-Time Buyers","first-time-buyers",{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]