[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f22v2la502u276":3,"$ffeh0925h8cuz":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},4410,"mortgage-rates-will-come-down-its-just-a-matter-of-time","Mortgage Rates Will Come Down, It’s Just a Matter of Time","This past year, rising mortgage rates have slowed the red-hot housing market. Over the past \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-slumped-5-9-in-october\">nine months\u003C\u002Fa>, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the \u003Ca href=\"https:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Farchive\">average rate\u003C\u002Fa> for financing a home briefly rose \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnews-releases\u002Fnews-release-details\u002Fmortgage-rates-rise-above-seven-percent\">over 7%\u003C\u002Fa> before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F11\u002F18113235\u002Fmortgage-rates-will-come-down-its-just-a-matter-of-time-KCM.jpg","This past year, rising mortgage rates have slowed the red-hot housing market. Over the past \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-slumped-5-9-in-october\">nine months\u003C\u002Fa>, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers. And, this month, the \u003Ca href=\"https:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Farchive\">average rate\u003C\u002Fa> for financing a home briefly rose \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnews-releases\u002Fnews-release-details\u002Fmortgage-rates-rise-above-seven-percent\">over 7%\u003C\u002Fa> before coming back down into the high 6% range. But we’re starting to see a hint of what mortgage interest rates could look like next year.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Inflation Is the Enemy of Long-Term Interest Rates\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAs long as inflation is high, we’ll see higher mortgage rates. Over the past couple of weeks, we’ve seen indications that inflation may be cooling, giving us a glimpse into what may happen in the future. The mortgage market is eagerly awaiting positive news on inflation. As Ali Wolf, Chief Economist at \u003Cem>Zonda\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.builderonline.com\u002Fdata-analysis\u002Fa-look-at-the-relationship-between-the-10-year-treasury-and-30-year-mortgage-rate_o\">says\u003C\u002Fa>:\r\n\u003Cblockquote>“\u003Cstrong>\u003Cem>The housing market is expected to face continued uncertainty heading into 2023 as consumers, financial markets, and policymakers work through their respective challenges in today’s economy\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>. . . . we are watching for any additional stability in the MBS market, signs of cooling inflation, and\u002For less aggressive Federal Reserve action to give us confidence that mortgage rates are past their peak.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>What Does This Mean for the Future of Mortgage Rates?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAs we get through the inflation battle and start to see that coming down, we should expect mortgage rates to follow. We’ve seen nods of this over the past couple of weeks. As the \u003Cem>Federal Reserve\u003C\u002Fem> works to bring inflation down, mortgage rates will come down as well. Bill McBride from \u003Cem>Calculated Risk\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fcalculatedrisk.substack.com\u002Fp\u002Fhousing-and-inflation\">says\u003C\u002Fa>:\r\n\u003Cblockquote>“\u003Cem>My current view is inflation will ease quicker than the Fed currently expects.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nAs we look toward next year, we certainly hope he’s right.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nMortgage rates will come down – it’s just a matter of time. The hope is we continue to see more positive news on inflation, and that’ll bring mortgage rates down. This will give prospective homebuyers more buying power and lead to more homeowners throughout the country.","\r\nMortgage rates will come down – it’s just a matter of time. The hope is we continue to see more positive news on inflation, and that’ll bring mortgage rates down. This will give prospective homebuyers more buying power and lead to more homeowners throughout the country.",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},35,"Mortgage Rates","mortgage-rates",{"id":29,"name":30,"slug":31},38,"Move-Up","move-up","2022-11-21T11:00:00Z","2023-02-03T15:33:39Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},4400,"should-you-update-your-house-before-you-sell-ask-a-real-estate-professional-infographic","Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F11\u002F16134242\u002FShould-You-Update-Your-House-Before-You-Sell-Ask-A-Real-Estate-Professional-KCM-Share.png","2022-11-18T11:00:34Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},4402,"what-homeowners-want-to-know-about-selling-in-todays-market","What Homeowners Want To Know About Selling in Today’s Market","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F11\u002F17102413\u002Fwhat-homeowners-want-to-know-about-selling-in-todays-market-KCM.jpg","2022-11-22T11:00:21Z",{"cover":47,"open":48,"shareSpread":49},"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",[51,55,56,60,64,68,72,73,77,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":52,"name":53,"slug":54},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":57,"name":58,"slug":59},6,"For Sellers","sellers",{"id":61,"name":62,"slug":63},7,"Foreclosures","foreclosures",{"id":65,"name":66,"slug":67},8,"Infographics","infographics",{"id":69,"name":70,"slug":71},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":25,"name":26,"slug":27},{"id":29,"name":30,"slug":31},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]