Interest rate projections

Hi Everyone!

I wanted to take a minute to provide everyone a little insight regarding the outlook on interest rates and projections for home sales moving forward. I am a Mortgage Loan Originator here in Cleveland, OH. Nearly all housing industry economists have forecasted an explosion in purchase volume in 2022. The Mortgage Bankers Association is projecting a record $1.7 trillion from over 6 million home sales for 2022. These numbers are incredible especially given that interest rates are projected to climb to 4% by the end of next year. The supply chain issues won’t be as bad in 2022, homebuilders are expected to increase their inventory and employment is set to continue to recover in 2022.

If anyone has any additional questions, or just wants to discuss the market, feel free to reach out to me directly.

Thanks!

Curt Crumbacher

Mortgage Loan Originator (NMLS 2020736)

First Centennial Mortgage

c.crumbacher@gofcm.com

www.MortgagesWithCurt.com

(330) 858-6918

Stats in this article were gathered from/by SitusAMC.

10/29/21