In this week’s video, Curtis Congdon, President of XML Financial Group, takes a closer look at the recent rise in mortgage rates and what it means for the housing market.

Curtis looks at how mortgage rates have changed over time, why higher rates are encouraging many homeowners to stay in their current homes, and how that is contributing to lower housing inventory and transaction volume. He also examines the steady rise in home prices, particularly since the 2010s, and discusses where rates could be headed in the next few years. 

Have questions about how these insights and ideas could impact your personalized wealth management strategy? Let’s talk.

This communication is for information and educational purposes only. This is not a recommendation for the sale or investment in any product or strategy or to be perceived as individual advice. Information presented has been prepared from sources believed to be reliable but is not guaranteed and does not represent all available data necessary for making investment decisions. Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. Forecasts do not consider the specific investment objectives, restrictions, tax and financial situation or other needs of an individual. Actual data will vary and may not be reflected here. Accordingly, these forecasts should be viewed as merely representative of a broad range of possible outcomes. The opinion expressed by this individual is based on facts and circumstances known at this time, is subject to change and does not reflect the opinions of all financial professionals of XML