Ruthie Rocks & Teaching Jim Audio Experience - Las Vegas Market🙄
Ruthie Rocks & Teaching Jim Audio Experience
English - February 28, 2022 18:26 - 11 minutes - 10.7 MBHow To Education Business Entrepreneurship realestate socialmedia training Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Wildcards
Covid plays major influence on monetary policy and supply chains
- Major surprise in Covid could change outlook dramatically
Additional stimulus may fan flames of inflation
- would push stock price temporarily higher
- cause mortgage rates to rise further
- make fed's job of corralling inflation more difficult
Runoff of Fed's balance sheet
- first step - fed to stop purchasing new mortgage bonds and treasury
- Next Step - Hiking fed funds rate
- Fed still buying $70B/ month in mortgage bonds through reinvestments
- If/When fed stops reinvestments, mortgage rates could move higher.
Interest rates forecast
We anticipate mortgage rates to rise along with inflation during first part of they year towards 3.75%
With fed action, softer stock market, and slowing economic conditions, interest rates should head lower in second part of year towards 3%
Forecast - Rates rise towards 3.75% first half of year, decline towards 3% second half as Fed hikes rates.
Strategically, this sets up for a bias of less upfront fees because of a refinance opportunity ahead.
Watch the video and find out more!