From Freddie Mac (01/05/2022):
“Mortgage application activity sunk to a quarter-century low this week as high mortgage rates continue to weaken the housing market. While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023. Homebuyers are waiting for rates to decrease more significantly, and when they do, a strong job market and a large demographic tailwind of Millennial renters will provide support to the purchase market. Moreover, if rates continue to decline, borrowers who purchased in the last year will have opportunities to refinance into lower rates.”

Take advantage of your home’s historic appreciation while you can.
How do you combat inflation?
GET A HELOC OR 2ND MORTGAGE – CALL ME TODAY TO GET STARTED.

What can you do with your Home Equity?

Pay off Student Loans
Consolidate Debt
Home Improvements
Lower Your Rate And/Or Term
Eliminate Mortgage Insurance
Free Up Money To Invest
Buy Another Home

Call or message me today to discuss options.
I am your One-Stop for Real Estate and Mortgages.
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Source: Freddie Mac: https://lnkd.in/eZpg3k86

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