Mortgage Rates in U.S. Soar to 3.92%

The video discusses the current housing market, highlighting increased home buying despite low inventory. It examines the impact of rising interest rates, comparing it to 2018 trends, and offers advice for first-time homebuyers. The video also touches on tax implications and their limited effect on market demand.

What is one reason the housing market appears strong despite low inventory?

• Increased seasonal adjustments

• More sellers entering the market

• Higher interest rates

• Decreased buyer interest

How did the housing market respond the last time mortgage rates rose significantly?

• The market remained unchanged

• There was a large increase in inventory

• Inventory increased slightly

• Buyer demand surged

What is considered a significant mortgage rate threshold according to the video?

• 5%

• 3%

• 4%

• 6%

What advice is given to first-time homebuyers in the current market?

• Wait for lower interest rates

• Buy only if you can afford and love the house

• Purchase as soon as possible

• Focus on short-term market trends

How do tax policies affect the housing market according to the video?

• They cause a decrease in home prices

• They significantly deter demand

• They have no impact on the market

• They support homeowners and maintain demand