Surpassing Past Peak Inflation Brings Lower Interest Rates And More Buyers To Market

Prospective home buyers should understand that as of Q4 2022, they have much more bargaining power and much less competition than anytime in the last 5 years.
It does not mean that home prices are going down on a year over year basis, it just means that the rate of appreciation and pace of home sales has slowed. Nevertheless home prices are still expected to be up anywhere from 3%-6% on a year over year basis.
Because of aggressive SHORT TERM Federal Reserve rate hikes to curb inflation, the LONG TERM mortgage rates have started to come down and the trend is expected to continue through the end of 2022 and into 2023.
As interest rates come down, more Buyers will re-enter the market causing increased competition and pricing pressure. Buyers who can find a home that's suitable at this time would be wise to purchase knowing they can refinance when interest rates come down in the future as they always do.

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"Adam and Kathy were wonderful to work with. No surprises always answered the phone and kept us updated. Made our loan super easy for a vacation property. We will definitely use them again."

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"Adam and his team at Emery Financial are the team you need to work with if you are looking to buy or refinance a loan. As first-time home buyers, Adam educated us on the mortgage process throughout and gave us strategies that go way beyond just the interest rate. When our seller wanted our loan to close in two weeks, Adam and his team never flinched and told us they could get it done. Without that, we never would have gotten our dream home. From down payment strategies to education on the rate environment, Adam made sure we not only got a great rate, but that we had a comprehensive plan for how to buy our home. His loan processer Cathy also made sure that the process was easy and kept us on track to close in a short period of time. Thank you, Adam and Cathy, for helping us, we would not be in our home today without you!"

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"Adam and Cathy went above and beyond to help me get the best rate for my mortgage and to close on time. They were always available to talk to me and answer any question I had. "

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