Mortgage Rates Increased! Housing Market Update #shorts // Are you a homebuyer? If so, you should know that mortgage interest rates reached 3% for the first time since July 2020. This is one of the biggest housing market news we’ve had this year because interest rates have been increasing since the beginning of January.
How will this affect our real estate market? Will we see a housing crash 2021 or will home prices continue to increase?
Average 30yr mortgage rates currently are 3% (per Freddie Mac). They were 3.3% one yr ago.
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Comment below: what’s your housing market 2021 forecast and housing market forecast 2021? Do you think a housing crash 2021 will happen and there will be a housing crash due to a housing bubble, a housing market crash 2021 or do you think the real estate market will continue to surge?
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Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
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Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.
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