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The 2023 Housing Crash Explained | Knowledge Brokers Podcast 001

Knowledge Brokers Podcast

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The Fed's 2023 Mortgage Rate Forecast

Mortgage rates are currently at 3.7% and we're sitting at this, you know, six and a half percent. The 10 year yield range this year will be between 3.2 and 4.2, which means a lot of volatility again in 2023 as it relates to the mortgage interest rate. If the job market weakens, he thinks that number will come down, which would bring mortgage rate sound. When we get into a deep recession is what he's saying. We've seen this across multiple recessions. You'll see a drop in tenure. You'llsee a drop in mortgage rates.

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