In this mix up of real estate and mortgage pros, Julie Ziemelis from Real Broker, Lance Owens, LUVA Real Estate and Travis Green, Guild Mortgage discuss the latest mortgage trends, what’s driving higher rates, and what to expect in 2024. 🏡✨
In this video, we cover
:✅ Current mortgage rates (7% average)
✅ Why mortgage rates aren’t following Fed rate cuts
✅ Key economic factors influencing rates (inflation, tariffs, labor shifts)
✅ Tips for buyers navigating the current market
✅ Predictions for mortgage rates and housing trends in 2024
🎯 Key Insights:
* Mortgage rates have climbed from ~6% in September to 7% in November.
* Bond market concerns over national debt and inflation are keeping rates high.
* Buyers can still find opportunities in today’s market by acting strategically.
🔗 Learn More: Visit 365HawaiiLiving.com for resources, updates, and expert insights into Hawaii’s unique real estate market.
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