below 7%, settling at 6.99%, providing some relief for participants in the housing market. William Raveis Mortgage Regional Vice President Melissa Cohn joins Wealth! to discuss the outlook for the housing market.
And the other thing that we have to take into consideration is when is the fed gonna start cutting rates?But having the ability to refinance at some point, hopefully in the next 12 to 24 months in order to be able to reduce their monthly payment, because it really is all about the monthly payment and not about the print rate.I asked him his thoughts on buying now versus waiting for rates to decline.
But I don't really mean that think that that makes you a speculator in the market for a lot of new home buyers out there. So to make sure that you haven't really to throw money out the window, are, are some of those costs making new homes more appealing for new homebuyers.