There aren’t enough homes for sale - which makes your choices more limited

Just as importantly, rates are expected to continue rising as the Federal Reserve tightens credit flow,” says Ratiu, who predicts that if the pace of increases continues, we could soon see a 6% rate on 30-year loans.Ģ. “The surge in rates pushed the monthly mortgage payment for a median-priced home $550 higher than a year ago, a significant increase considering that most households are also feeling the squeeze of higher prices for food, gasoline, cars and clothing. Mortgage rates will likely continue to rise ( is owned by the same parent company as MarketWatch.) So we asked Ratiu: What do buyers need to know about the real estate market now? ( See the lowest mortgage rates you might qualify for here.) 1. He’s also a former manager of research programs at the National Association of Realtors, where he specialized in housing statistics, international and commercial real estate market performance and more. He’s the senior economist and manager of economic research at, where he focuses on trends in global economies and real estate markets. George Ratiu is the senior economist and manager of economic research at .įor more than 15 years, George Ratiu has been studying the housing market.

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