Housing Market News: November 2022
This week the Federal Reserve announced yet another short-term rate hike—consistent with what officials have been communicating for months. The policy changes, combined with inflation, are driving up the yield on the 10-year Treasury – and mortgage rates are rising accordingly. The expectation is that mortgage rates will remain elevated for some time but there’s uncertainty. “Our model doesn’t really have many examples of inflation being this high and quantitative tightening and the changes to the short-term interest rate happening this quick,” Ali Wolf, Zonda’s chief economist reported to MarketWatch recently. Media outlets have turned to Zonda for housing market data and expertise as all eyes are on mortgage rates and house prices. Read the latest housing market news from Zonda’s experts to learn more.
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