
Logan Mohtashami: When will mortgage rates drop back to the 5% range?
HousingWire Daily
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What's the Impact of Rates in Pricing Together?
When mortgage rates went to 5% in 2018, every housing bubble crash boy and girl that I've known went all in, right? Because they see the new home sales didn't exist. They said home prices have to fall 20 or 25%. These people just make up these percentages,. But here it's different, right? See the price growth, the 23 price growth model broke and then the 10 year yield broke. So you put them together, you have a major affordability hit. The entire savagely unhealthy housing market was based on the principle that home prices were accelerating into 2022. That means you're going to have another year of price gains. And then if rates go up higher, since
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