When Mortgage Rates Might Stop Rising, and More Takeaways From a Top Housing Economist

Robert Dietz, a real estate economist, finds that his skills are in great demand when the U.S. home market cools as a result of higher interest rates.

Dietz, the National Association of Home Builders' top economist, has recently been touring the country

He is sharing his knowledge with decision-makers, trade groups, and participants of industry conferences from Alaska to Ohio.

The news is bad and is likely to get worse: According to Freddie Mac, the average interest rate on a 30-year fixed-rate mortgage has increased by more than 200 basis points this year

the markets have responded to higher-than-expected inflation and a more aggressive Federal Reserve.

As a result, prospective home buyers have backed off, and some homeowners seem to be choosing to stay in their homes rather than sell during a time of instability and uncertainty.


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